Heritage World Coin Auctions
ANA Signature US Coin Sale 1258 2-6 Aug 2017
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Proof Morgan Dollars
1893 $1 PR68 Ultra Cameo NGC. According to our Auction Archives, this represents the first appearance of an 1893 dollar in PR68 Ultra Cameo. The year 1893 was a significant one in the numismatic history of the Morgan dollar. The Sherman Act was repealed, undoing legislation that caused the Mint to purchase between $2 million and $4 million in silver for conversion into dollar coins. The same year witnessed a widespread financial panic leading to a long-term economic slowdown and reduced mintages through 1895. A total of 792 proof dollars were struck in 1893. Bowers has characterized the issue as follows: "Indifferent striking as a result of poor workmanship -- the dies were spaced too far apart. Good cameo contrast. Again a challenge, a sporting occasion."
This Superb Gem is an exception to the rule with razor-sharp detail throughout, including broad, square rims. Watery fields are entirely unmarked, surrounding thickly frosted devices. The result is eye-catching, black-and-white contrast. A fantastic rarity. Census: 2 in 68 Ultra Cameo, 0 finer (6/17).
HID02901242017
1893 $1 PR68 Ultra Cameo NGC. According to our Auction Archives, this represents the first appearance of an 1893 dollar in PR68 Ultra Cameo. The year 1893 was a significant one in the numismatic history of the Morgan dollar. The Sherman Act was repealed, undoing legislation that caused the Mint to purchase between $2 million and $4 million in silver for conversion into dollar coins. The same year witnessed a widespread financial panic leading to a long-term economic slowdown and reduced mintages through 1895. A total of 792 proof dollars were struck in 1893. Bowers has characterized the issue as follows: "Indifferent striking as a result of poor workmanship -- the dies were spaced too far apart. Good cameo contrast. Again a challenge, a sporting occasion."
This Superb Gem is an exception to the rule with razor-sharp detail throughout, including broad, square rims. Watery fields are entirely unmarked, surrounding thickly frosted devices. The result is eye-catching, black-and-white contrast. A fantastic rarity. Census: 2 in 68 Ultra Cameo, 0 finer (6/17).
HID02901242017