Lot 1777
1885 Morgan Dollar. NGC graded Proof 67. Lovely colorful toning on both sides which centers on dusky violet and effervescent blue. 930 pieces struck. This beautiful Proof Morgan Dollar has a blush of color one could die for. A small number of Proofs were struck, the vast majority of which neither the incredible preservation or the mirror freshness of the present Superb Gem. Pop 4; 5 finer, 1 in 67 Star, 3 in 68, 1 in 68 Star (PCGS # 7320) .
Morgan Dollars were minted from 1878 to 1904 and again for one more year in 1921. It gets its name from its designer, George T. Morgan, who designed the obverse and reverse of the coin. Morgan's monogram appears near Liberty's neck on the obverse above the 1 in the date. The dollar was authorized by the Bland-Allison Act of 1878. It has a fineness of .900 (90 parts silver to 10 parts copper alloy), giving a total silver content of 0.77344 troy ounces (24.057 grams) per coin. Proofs were made in small quantities every year and sold to collectors for a small premium over face value plus postage by the Philadelphia Mint.
Estimated Value $7,000 - 7,500.
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