Heritage World Coin Auctions
FUN Signature US Coin Sale 1251 4-6 & 8-9 Jan 2017
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Proof Morgan Dollars
1895 $1 PR55 PCGS. The scarcity of the 1895 was realized early on. An editorial in the January 1900 issue of the American Journal of Numismatics discussed a recent influx of humorous-to-aggravating inquiries from individuals seeking an evaluation of their coins from editors at the Journal. Much of the article frustratingly recounts the absurd letters received, with one section specifically addressing the 1895 Morgan dollar issue:
"Somewhat in the same line of ignorance was an amusing incident which occurred within a few weeks. A well-known dealer in Pennsylvania advertised to pay $10 for a silver Dollar of 1895, struck at the Philadelphia Mint. Shortly afterwards he received a registered letter from a correspondent in Oklahoma, which enclosed a Half Dollar of 1895, with the following: -- "As you offer to pay $10 for One Dollar, 1895, I send you a Half Dollar of that date, for which please send me $5."
The fourth edition of Jeff Garrett and Ron Guth's 100 Greatest U.S. Coins ranks the 1895 Morgan dollar in 30th position, immediately following the 1870-S Seated dollar and just ahead of the 1854-S "presentation strike" double eagle housed in the Smithsonian Institution.
Today, the prices of 1895 proof Morgan dollars have soared to high levels, and the opportunity to bid on a lightly circulated example with undoubtedly result in considerable activity. This piece exhibits brilliant silver surfaces with much of the mirrored finish intact, and only slight rub on the highest points of the design, with faint hairlines on Liberty's cheek. Housed in a green-label PCGS holder.
1895 $1 PR55 PCGS. The scarcity of the 1895 was realized early on. An editorial in the January 1900 issue of the American Journal of Numismatics discussed a recent influx of humorous-to-aggravating inquiries from individuals seeking an evaluation of their coins from editors at the Journal. Much of the article frustratingly recounts the absurd letters received, with one section specifically addressing the 1895 Morgan dollar issue:
"Somewhat in the same line of ignorance was an amusing incident which occurred within a few weeks. A well-known dealer in Pennsylvania advertised to pay $10 for a silver Dollar of 1895, struck at the Philadelphia Mint. Shortly afterwards he received a registered letter from a correspondent in Oklahoma, which enclosed a Half Dollar of 1895, with the following: -- "As you offer to pay $10 for One Dollar, 1895, I send you a Half Dollar of that date, for which please send me $5."
The fourth edition of Jeff Garrett and Ron Guth's 100 Greatest U.S. Coins ranks the 1895 Morgan dollar in 30th position, immediately following the 1870-S Seated dollar and just ahead of the 1854-S "presentation strike" double eagle housed in the Smithsonian Institution.
Today, the prices of 1895 proof Morgan dollars have soared to high levels, and the opportunity to bid on a lightly circulated example with undoubtedly result in considerable activity. This piece exhibits brilliant silver surfaces with much of the mirrored finish intact, and only slight rub on the highest points of the design, with faint hairlines on Liberty's cheek. Housed in a green-label PCGS holder.