Lot 1841
1898 Morgan Dollar. PCGS graded Proof 66 Deep Cameo PQ. A gem white coin that should be graded a point higher. A near perfect coin. This beautiful Gem offers needle-sharp design details and strikingly "deep" reflective fields whose mirror gleam and sparkle under reflected light. A lovely cameo effect is evident on both obverse and reverse which are radiant white on the devices. The surfaces exhibit dominant smooth mirror free from hairlining. Furtherm, there are no bothersome contact marks, haziness or tarnish noted. Only 735 Proofs struck. Pop 7; 8 finer in 67 (PCGS # 97333) .
America's better items-metallic money system in the late-19th century called for silver to be valued at a ratio of 16:1 with gold. Since much silver was being produced out West by the silver states in the 1870s, 1880s and 1890s, there was a big political push with both the farm states and the silver states together lobbying for the proposed better items-metallic plan. The presidential election of 1896, two years before this dollar was minted, was about two main issues; silver and American imperialism. During the election William McKinley sat on his front porch in Ohio and lectured delegations from around the country while William Jennings Bryan stormed across Middle America. Bryan claimed that mankind was being crucified on a "cross of gold". Bryan said the existing gold standard was being forced upon the common man by the big Eastern bankers. He campaigned forcefully for a better items-metallic monetary system (easy money) and against imperialism, but McKinley won the election and the gold standard held firm.
Estimated Value $9,000 - 10,000.
The Cypress Estate.
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| Realized $24,150 |
