Lot 3169
1892 Morgan Dollar. NGC graded Proof 67 Cameo. 1,245 proofs minted. A lovely white coin. A coin bursting with silvery afterglow, untoned and blazing white in appearance. The surfaces highly reflective and best of all are clear of marks, spots, or hairlines. Devices, for their part, are sharp in all areas, as struck, as desired by collectors, which the grading service has wisely taken into consideration in assigning the grade, as also desired by collectors. This superb 1892 silver dollar is a joy to behold. Pop 10; 5 finer in Proof Cameo. (PCGS # 7327) .
This year 2006 is an off-year election. In 1892, the year this silver dollar made its appearance, the two front-runners for the presidency were President Benjamin Harrison, a Republican, and Grover Cleveland, a Democrat. The main difference between the parties in 1892 was their position on the tariff, the hot-button issue of the day. The Republicans supported a high tariff rate, whereas a substantial wing of the Democratic party pushed through a platform plank that demanded import taxes for revenue only and instead, an Income Tax. The Populists, a third party in the scuffle for control, called for government ownership of the railroads and monetary reform, confronting these issues in a way the two major parties did not. Cleveland, avenging his defeat of 1888, won the presidency.
Estimated Value $8,000 - 9,000.
|
| |
| Realized $8,913 |
