1895. NGC graded Proof 55. Only 880 minted. Popular key date. Even gray toning with reflective surfaces. Mint records show that 12,000 business strike Morgan Dollars were delivered in 1895, although not a single example dated 1895 has surfaced. Either all 12,000 coins were stored at the Mint and melted in later years, or the coins delivered were dated 1894. Regardless of which, if either, of these theories are correct, the lack of business strike 1895 Morgan Dollars has driven Proofs of this date to the pinnacle of scarcity and desirability in today's expanded hobby and rare coin portfolio allocation. Without a doubt, the Proof 1895 in this Lot is the key to the extensive and widely collected Morgan Silver Dollar series which ran from 1878 until 1921. The present lot offers a well struck, relatively damage-free quality representative whose surfaces retain their mirrors somewhat as light strikes the surface at different angles. Light marks point to it being in circulation for a year or two, perhaps longer since in most parts of the country, Silver Dollars were used much by the public. Interesting light to medium gray toning is seen at all angles with sharp devices throughout. Proof 1895 Silver Dollars were boldly struck as a rule, with no outwardly weak areas. We foresee elevated bidder demand for this lightly circulated yet still very appealing Proof 55
(PCGS # 7330) .
Estimated Value $30,000 - 33,000.
Morgan Dollars
