Proof 1902 silver dollars, as with all proof coins struck in that year, were produced with a no-contrast finish, as the Mint altered its die-making process for proof issues. As a result, proof 1902 dollars are extremely rare with any degree of cameo contrast. Collectors instead usually strive to acquire the finest possible non-Cameo for their collections. This particular example exhibits lovely original toning and a stunning overall appearance.
The Sherman Silver Purchase Act, passed in July 1890, replaced the Bland-Allison Act as the authorizing legislation for the Morgan silver dollar. The law provided for the purchase of some 54 million troy ounces of silver annually from Western mining interests. As could be expected with such a supply of bullion, silver dollar production in 1890 was substantial throughout the year, with more than 16 million coins ultimately produced. These were paid out gradually over many years, with the final distribution being in the Treasury releases of the early 1960s. Careless preservation, then, ended up being a major factor in the rarity of high-grade examples, as the date is readily available in grades through MS65. But that’s where the availability stops.
The NGC population is only 10 with none graded higher.
Listed at $15,000 in both the CDN CPG and the NGC price guide.
The 1935 is the last Peace dollar from the Philadelphia Mint. It is typically seen in MS65 and lower grades, although Premium Gems are collectible for patient specialists. This one exhibits highly lustrous, color-fee surfaces and excellent eye-appeal.
The PCGS population is 132 with 16 graded higher.
Listed at $12,000 in the PCGS price guide.
Offered at $5,300
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The Trade dollar was not produced in business-strike format after 1878, but the Philadelphia Mint coined a limited number of proof coins every year to satisfy collector demand. This led to a short-lived speculation in Trade dollars that crested early in 1880, leading to a series-record proof mintage of 1,987 pieces that year. By 1881, the demand had dropped off considerably, and only 960 proof Trade dollars were struck. In addition to the smaller mintage, the 1881 issue was plagued by poor workmanship, and most examples seen show areas of flatness on Liberty’s head and the upper stars, due to improper spacing of the dies. One of the reverse dies was lapped, resulting in a loss of detail in the eagle’s feathers. Few examples show the desirable Cameo effect. This particular survivor is color-free, with clear, deeply reflective mirrors and loads of eye-appeal.
The NGC population is 11 with 3 graded higher.
Offered at $19,620 (ACH, Bank Wire, add 3.5% for Major CC & PayPal)
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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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