Lot 2016
1895 Morgan Dollar. PCGS graded Proof 62 PQ. A predominantly white and shimmering proof with fully reflective fields. There is a light degree of cleaning that occurred long ago and this has left even hairlines in the fields of both the obverse and reverse. The devices are high quality and lacking any distracting scratches or impairments. A faint horizontal scuff on the cheek is the only mark on either Liberty or the eagle worth mentioning. Attractive light golden toning is seen in the periphery of the obverse and reverse. In terms of appearance, this proof example is in our opinion more attractive than many of the darkly toned lower grade proofs.
The 1895 Proof Morgan dollar is a classic rarity in the Morgan Dollar series and often referred to as the "King" of the series. A proof only issue with a mintage of 880. There is a reported mintage of 12,000 business strikes for the 1895 Morgan dollar but not a single business strike example has ever surfaced. It is believed that the entire mintage of business strikes was melted during the 1918-1920 time frame as a result of the Pittman Act of 1918 (PCGS # 7330) .
Estimated Value $25,000 - 35,000.
The Michael M. Magdic Collection.
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| Realized $39,100 |
