Elusive 1895-O Morgan Dollar NGC MS61

Silver dollar production declined drastically at all U.S. mints in the mid-1890s. Following the Panic of 1893 and the repeal of the Sherman Silver Purchase Act there was no commercial demand for the coins and no official mandate to produce them. Accordingly, the New Orleans Mint struck a small mintage of just 450,000 Morgan dollars that year. Unfortunately, the issue was not well-produced and many examples seen have weak strike characteristics and subdued mint luster. Most of the mintage circulated widely near the time of issue and the 1895-O was not well-represented in the Treasury releases of the 1960s. As a result, the 1895-O can be located in circulated grades without much difficulty today, but it is the third rarest Morgan dollar in Mint State grades behind the elusive 1892-S and the famous key 1893-S. The one offered here is lightly toned, lustrous and closer in appearance to our non-slab images than our slab-shot.

 The NGC population is 60 with 54 graded higher.  

Listed at $20,000 in the NGC price guide.

Offered at $16,985 (ACH, Bank Wire, add 3.5% for Major CC & PayPal)

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Simply Stunning 1895 Liberty Eagle NGC PR65 Ultra Cameo

Proof Coronet eagle production remained relatively stable during the final 15 years of the 19th century. In fact, the mintages for many of those issues are similar to a majority of those struck between 1859 and 1867. The Mint manufactured 66 proofs in the case of the 1895 eagle, which represented an increase of 13 coins over its predecessor, the 1894. By comparison, a total of 567,770 pieces were coined for circulation in 1895.
Dave Bowers estimates in A Guide Book of Gold Eagle Coins (2017) that 16 to 20 1895 proof ten dollar gold pieces survive. In United States Proof Coins, Volume IV: Gold, Part II (2018), John Dannreuther suggests a few more exist, maybe 22 to 26 pieces, and he explains:

“We have the deepest frost on all Proof coinage from 1894 through 1901 for all denominations, as the die preparation for these years resulted in heavy cameo devices. The use of hydraulic presses for Proofs in 1894, or soon after, resulted in very even striking pressure, so localized weakness is almost never found.”

This particular example is absolutely gorgeous and offers exceptional eye appeal. The NGC population is just 3 with 4 graded higher.

Listed at $65,000 in the NGC price guide.

Offered at $67,200

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1895-O Barber Half Dollar NGC MS67

One of Only Two

With a mintage of more than 1.7 million half dollars, the 1895-O is available in a wide range of grades up to MS63 or even MS64. However, Gem or finer examples of this issue are important condition rarities and the top- grade coins rarely get credit for their importance to collectors. NGC has graded only 12 pieces MS65 or higher, including this and one MS67 Star-designated example, which are tied for the highest.

Offered at $24,750 delivered

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(800) 257.3253
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Offer subject to availability.

1895-O Morgan Dollar PCGS MS62+

This Rare Morgan is a Definite “Plus”

There are a great number of 1895-O dollars available in the range of Very Fine to low AU, but in Mint State the population thins out by an order of magnitude, with most of those coins in the lower Mint State grades of MS60 to MS62. In MS63 the 1895-O is rarity of great achievement to acquire. In his Guide Book of Morgan Silver Dollars, Q. David Bowers writes: “The 1895-O emerged as the single circulation-strike variety that is not known to have been a part of any Treasury releases via bags. … I have heard suggestions that from several dozen to a couple hundred Mint State coins came out of the Treasury Building in the early 1950s, but how they would grade today is anybody’s guess. Uncirculated coins of years ago are often classified as AU today. I have found no account or even a rumor of any being a part of the 1962 through 1964 Treasury release.” The one offered here is considerably more lustrous than seen in our images.

Offered at $28,125 delivered

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(800) 257.3253
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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

(800) 257.3253
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Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

1895 Morgan Dollar PCGS PR62

Brilliant Morgan King

In 1895, the Mint struck 880 proof Morgan dollars for distribution in the annual silver proof sets. However, unlike in other years, plans to strike circulation coins came and went with, at most, a brief “hurrah” that never even made it out of the Mint. Mint records indicate that 12,000 circulation strikes were made, but none have ever been known to collectors. It’s often debated whether the coins were actually struck (and later melted) or if their “coinage” was nothing more than an accounting error on the Mint’s books. Contemporary numismatists, such as the Chapman brothers, believed that no circulation strikes were ever produced. Modern research clouds the water on this point, but with no circulation strikes known, one inherent fact remains: the 1895 Morgan dollar is only known in proof format. And therein lies its status as the “king of the Morgan dollars.” This example is virtually color-free and (contrary to how it appears in our images) highly brilliant.

Offered at $54,950 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.