1895 Morgan Dollar PCGS/CAC PR64+

Gorgeous Frosted

Before you read about 1895 Morgan dollars, please note that contrary to what our images show, this coin is deeply mirrored, nicely frosted and attractively toned. Pictures aren’t always “worth a thousand words”! Now please proceed…An unremarkable mintage of 880 proof Morgan dollars was accomplished at the Philadelphia Mint in 1895, with the coins delivered in four batches throughout the year. Records show a tiny business-strike mintage of 12,000 examples was also produced, but no regular-issue coins have ever turned up in any collection. The fate of the 1895 business-strike Morgan dollars is one of the greatest mysteries in American numismatics. Prominent researchers, from Q. David Bowers to Roger W. Burdette, have offered ingenious theories about the missing coins, but conclusive evidence remains elusive. One theory suggests the circulation-strike coins were never actually struck and the mintage figures represent some kind of clerical error in the records. Another theory indicates the coins were struck, but all were subsequently melted, perhaps under the provisions of the Pittman Act in 1918. Whatever the truth may be, no business-strike 1895 Morgan dollars are known to collectors today, leaving the small supply of proofs alone to satisfy collector demand. Accordingly, the 1895 Morgan dollar is the rarest, most sought-after issue in this incredibly popular series.

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Offered at $84,000 delivered

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1884 Trade Dollar PCGS PR63

Truly Fabled Rarity

The 1884 Trade dollar is a coin that needs no introduction. Numismatists can quote the number of extant examples and probably relate one or two facts concerning the production and history of this issue. The true story is, however, not widely known. The reason for this is clear: popular numismatic references either state explicitly or strongly imply that this issue was created clandestinely by parties within the Mint, at night, and perhaps at a later date, for coin dealer William K. Idler. However, much of this traditional “wisdom” is erroneous. Archival research proves that the 1884 Trade dollar was struck officially, under the supervision of Mint officials, and recent findings suggest Idler was not the original owner/distributor of the coins.  According to the Fourteenth Annual Report of the Director of the Mint, page 126, there were 264 proof Trade dollars struck in 1884. These coins were delivered to the cashier on January 19. It seems likely that Superintendent Colonel A. Loudon Snowden acquired ten examples from this delivery by exchanging the equivalent amount of coin or bullion for them, a practice that was legal for Mint employees until the 1930s. Shortly thereafter, the Treasury Department sent orders to the Mint forbidding production of proof Trade dollars for sale to collectors and the remaining 254 coins were destroyed. Philadelphia Mint officials later denied any Trade dollars were struck in 1884 and their existence was largely unknown until the early 20th century.

Offered at $420,000 delivered

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1880-CC Morgan Dollar NGC MS67

Frosty and Superb “GSA Hoard”

Offered at $15,450 delivered

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1879 Morgan Dollar PCGS MS67

Tied for Highest Graded

Offered here is a frosty, white example with exemplary surfaces and a great overall appearance. Not particularly tough to come by through the MS66 grade level, but very rarely seen in this state of preservation. The last PCGS representative we auctioned was all the way back in 2007! Tied with 7 others for the highest graded by PCGS.

Offered at $37,375 delivered

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1881 Morgan Dollar NGC MS67

Tied for Highest Graded

Contrary to how this coin appears in our images, it’s colorful, vibrant and very attractive. The availability of the 1881 Morgan dollar steadily declines in succeeding grades finer than MS63, but it remains at least marginally available through MS66. Not so in MS67; at the Superb Gem level, the 1881 Morgan is extremely rare. The NGC population is just 3 with none higher.

Offered at $13,800 delivered

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1883-S Morgan Dollar PCGS MS65

Not Your Everyday S-Mint Morgan

Although heavily touted as a conditionally scarce date in Mint State, the 1883-S Morgan remains collectible in grades through MS64, and is frequently offered at auction in this range. It is the Gem grade level from where this issue draws its fame. In MS65, the 1883-S Morgan is a grand rarity in absolute numbers, and in the context of the series, is prohibitively rare. This particular example is sharp, flashy and virtually white, with considerable eye-appeal. The PCGS population is just 21 with 5 higher.

Offered at $35,650 delivered

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1881-S Morgan Dollar PCGS MS68PL

Spectacular, 1 of Only 5

This example exceeds the quality of almost all other PL 1881-S dollars. There are some splashes of delicate golden toning (which are far more subtle than seen in our images) around the borders, but most of each side is brilliant. The reflectivity of the fields is captivating, but the true hallmark of this coin is its state of preservation. Liberty’s cheek is essentially flawless. If you like it, based on our pictures, you will love it in hand. Tied with four others for the highest graded by PCGS. 

Offered at $9,775 delivered

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Eye Grabbing (Not Just Catching) 1883 Morgan Dollar PCGS MS66DPL

The 1883 Morgan dollar is a challenging issue in the Deep Mirror Prooflike category, particularly in high grade. Premium Gems, such as this are rare. The example herein offered is brilliant and displays considerable cameo contrast on each side. In hand, it is far more impressive than seen in our images. Additionally, while our pictures make it appear as if it has some toning, it is actually color free. The PCGS population is only 14 with 2 higher, both of the latter being MS66+ examples.

Offered at $10,925

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