This is the second of three articles about the second auction of
Morgan dollars from the Coronet Collection. The first article
profiled a common date 1901 Morgan dollar that is rare in high grades.
On Oct. 15, Legend Rare Coin Auctions will offer the second part of
the Coronet Collection of Morgan dollars as part of its Regency
Auction XIV. The auction will be held at The Bellagio hotel in Las
Vegas as part of the Professional Coin Grading Service Members Only
A better-known rarity is the Proof 1895 Morgan dollar and the
example in the Coronet Collection is graded Proof 67 Deep Cameo by
Professional Coin Grading Service. Considered the “King of the
Morgans,” the Proof 1895 dollar is collected alongside circulation
strike issues by collectors today because of the lack of Philadelphia
Mint circulation-strike 1895 Morgan dollars.
Connect with Coin World:
The offered example is a handsome representative of this key, with
Legend writing, “Stunning, watery, ultra deep mirrors beam vividly
from all over with remarkable clarity and zero imperfections.” The
firm adds, “The nearly blinding reflectivity is off the charts!”
PCGS has graded five examples Proof 66 Deep Cameo with five more
submissions recorded at the Proof 67 Deep Cameo level. No comparable
examples have appeared at auction in the past several years, and
Legend places an estimate of $135,000 to $150,000 on the Proof dollar,
citing the lack of any recent auction comparables as evidence of the
coin’s great rarity.