1895 Morgan Dollar NGC PR-64 Cameo

Park Avenue Numismatics Inventory Item # PAN33608

1895 proof silver dollars have always been the keys to the Morgan dollar series. With its proof-only mintage of 880 pieces, the 1895 proof issue has been deservedly called “The King of the Morgan Dollars.”

Demand is always strong when any example is offered.

Controversy has always surrounded the business strike mintage of 1895 Morgan silver dollars. Mint records indicate 12,000 coins were produced for circulation, but numismatists have never been able to locate a single example.

Distinguished researchers, such as Q. David Bowers and Roger Burdette, have advanced plausible explanations for the disappearance of the entire mintage of this date, with accounting errors and melting under the Pittman Act being the most convincing theories. Unfortunately, in spite of the ingenious ideas and well-documented research that has been put forth, no real consensus has been reached about the disposition of these coins. Their fate remains a mystery.

With the 1895 circulation strike pieces either melted into oblivion or never existing, 1895 proofs  have assumed monumental importance and create a de facto limit on the number of “complete” date sets that can be assembled.

The special status of the 1895 proof dollars is widely known, and while collectors might part with other proof issues during hard times, very few 1895 Morgan dollars have been willingly disposed of.  Experts estimate a surviving population of approximately 700 examples, or 79.5%, an extremely high survival rate for any coin.

Offered At $58,000 - Click Here To Purchase This Coin