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SERIES: Morgan Dollars 1878-1921
LEVEL: Year, MintMark, & Major Variety

1895 $1 (Proof)

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PCGS PR67

PCGS PR65+

PCGS PR65+
PCGS #:
7330
Diameter:
38.10 millimeters
Designer:
George T. Morgan
Weight:
26.73 grams
Edge:
Reeded
Mintage:
880
Metal Content:
90% Silver, 10% Copper
Auction Record:
$115,000 • NGC PR68 • 9-21-2005 • Ira & Larry Goldberg
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Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 400 R-6.2 23 / 30 TIE 23 / 30 TIE
60 or Better 225 R-6.7 17 / 30 TIE 17 / 30 TIE
65 or Better 20 R-9.1 5 / 30 TIE 5 / 30 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 PR68 PCGS grade  
2 PR67 PCGS grade  
2 PR67 PCGS grade  
2 PR67 PCGS grade  
2 PR67 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 PR68 PCGS grade  
2 PR67 PCGS grade  
2 PR67 PCGS grade  
2 PR67 PCGS grade  
2 PR67 PCGS grade  
2 PR67 PCGS grade  
7 PR67 estimated grade  
7 PR67 estimated grade  
7 PR67 estimated grade  
10 PR66 PCGS grade  

Ron Guth: Called the "King of Morgan Dollars", the 1895 is one of the most desirable and sought-after dates in the series.  Although Mint records indicate a mintage of 12,000 circulation strikes, experts believe that only 880 Proofs were made in 1895.  The existence of several circulated examples confuses the issue, but those are believed to have been Proofs that were spent inadvertently.  Ownership of this popular rarity is the true measure of completeness for a collection of Morgan Dollars - the 1895 Proof is the only real "stopper" in the series. 

Presumably, Proofs can be told apart from potential circulation strikes by the number of edge "reeds" (the raised "bumps" on the edge of the coin).  Proofs will have 179 "reeds", whereas circulation strikes will have some other number.

PCGS has graded more Proofs of this date than any other, although the number may be inflated due to re-submissions.  A surprising percentage of the coins examined by PCGS have been "spent" Proofs - 87 coins have been certified below Proof-60 (as of June 23, 2010), including one in Proof-06!