The June 2012 Baltimore Auction

Auction # 137 | View Auction Schedule and Details

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Pre-Bidding Ends: 6/29/2012 9:00:00 AM PST
Live Floor and Internet Bidding Begins: 6/29/2012 10:00:00 AM PST

Lot #3218. 1895 Morgan Silver Dollar. Proof-64 Cameo (PCGS). CAC.

Splendid Choice Cameo Proof 1895 Morgan Silver Dollar

PCGS Certified/CAC Verified

Description:

Long heralded as the "King of the Morgan Silver Dollars," the 1895 Philadelphia Mint is the only Proof-only issue of this extremely popular and widely collected design type. A limited mintage of circulation strike silver dollars posted by the Philadelphia Mint for calendar year 1895 was long thought to represent a mintage of 1895 coins for use in commerce, although all examples were presumed to have been included in the destruction of 270,232,722 silver dollars in 1918 under the terms of the Pittman Act. More modern scholarship, however, has concluded that no circulation strike 1895-dated silver dollars were struck in the Philadelphia Mint, the previously mentioned mintage likely representing a bookkeeping entry to account for a small quantity of 1894-dated coins leftover from the previous year's production. Proof 1895 dollars were struck to the extent of just 880 pieces, and survivors have long been sought as an integral part of a complete date and mint set of Morgan silver dollars.

This is a lovely, fully Choice survivor with eye appeal that is superior even at the near-Gem grade level. Both sides are ringed in light, delicate, champagne apricot peripheral toning that frames untoned, silver white centers. Cameo contrast is marked for both sides, that on the reverse appearing strong enough to support a Deep Cameo designation. Fully struck and free of significant blemishes, this premium PR64CAM is sure to have no problem finding its way into an advanced Morgan dollar collection.

PCGS# 87330.