1895 Proof-67 NGC

Currency:USD Category:Coins & Paper Money Start Price:65,000.00 USD Estimated At:0.00 - 0.00 USD
1895 Proof-67 NGC
100,000.00USD+ (20,000.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Feb 27 @ 20:14UTC-5 : EST/CDT
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1895 Proof-67 NGC

Obverse Die 2, upright of 1 in date centered over dentil. A visually stunning example of the “King” of the Morgan dollar series. This Gem Proof example of the date offers reflective mirror fields and frosty devices; we suspect this would have been designated cameo if not for the colorful display provided by Mother Nature and 124 years of careful stewardship. A bold mix of vibrant peach, orange, and other golden hues engages the obverse from rim to rim save for a crescent of rich electric blue on the right. The reverse, equally as colorful, is commanded by neon blue and violet iridescence, the blue dominant, the violet lively, and with a whisper of warm sunset-orange iridescence appearing almost as an afterthought. The colorful display changes dramatically with every twist and turn under a bold light source. Close-in examination reveals excellent surface quality, completely devoid of marks that require written attention. All told, you will be hard-pressed to find a finer coin at the assigned grade, especially if you consider vivid toning highlights to be a favorable attribute in your Morgan dollar collection. Opportunities to obtain this famous Proof-only issue – a true stopper for many otherwise successful Morgan dollar specialists – come only occasionally in today’s numismatic marketplace. Perhaps a piece or two becomes available at auction, with others at private treaty, during the course of a typical year, but those offerings are quickly and decisively snapped up by savvy bidders and buyers. Though not the rarest of the Morgan dollar issues, it certainly commands attention if a complete Morgan dollar collection is your ultimate goal – you must have an 1895 Proof-only in your cabinet. It’s a certainty that the present Gem Proof-Only 1895 silver dollar will go home with a new steward, though there can only be one such fortunate bidder. We sincerely hope it’s you!
Of the 880 Proofs of the date struck, it is thought that time and misfortune has reduced the number of survivors to some 650 or slightly more pieces today. For years it was believed that 12,000 <Icirculation strikes</I were produced in Philadelphia. Indeed, the <IGuide Book</I and other sources listed these coins as a given until recent years. No genuine Mint State or circulated <Inon-proof</I of the date has ever surfaced. Those that do appear on occasion invariably prove to be altered branch mint examples or, in many cases, simply circulated Proofs. Q. David Bowers (<IEncyclopedia</I, 1993) and others suggest the 12,000 pieces may have sat in a vault and then been melted after 1918’s Pittman Act – if indeed they ever existed in the first place! Thomas K. DeLorey opined in the 1993 Bowers volume that the 12,000 circulation strikes may simply have been “a phantom bookkeeping entry” to balance the books at the end of the Mint’s fiscal year in June, 1895, the month the 12,000 pieces were reportedly delivered. As early as June, 1898, it was reported in <IThe Numismatist</I by George W. Rice that only Proofs had been struck of the date, and that the mintage figure was “less than one thousand.” That December, <IThe Curio</I, Lancaster, Pennsylvania dealer Charles Steigerwalt’s monthly publication, also stated “Dollars of 1895 from the Philadelphia Mint are only found in the Proof sets.” (Just a few years after the mintage, and already two of the celebrated names in numismatics of the time were giving notice that the 1895 Morgan dollar was a Proof-only rarity.) Today, the date is generally accepted to be a Proof-only issue, and the <IRed Book</I and other volumes have given up listing <Icirculation strikes</I for the date. Indeed, all but the most imaginative among Morgan dollar specialists still hold out hope for the discovery of a <Icirculation strike</I 1895 Morgan dollar. This is, after all, numismatics <Iala</I the 21st Century, and it has been proven time and time again in recent memory that anything goes! But for now, enjoy the opportunity to capture this rare prize with one firm bid.

Grading Company: NGC PR67