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Handsome Circulated Proof 1894 Morgan Dollar Featured in Session 6 of our 2017 ANA World’s Fair of Money Auction

By James McCartney, Numismatist & Cataloger

Author: James McCartney / Wednesday, August 02, 2017 / Categories: United States Coin of the Week

Among the treasures featured in the Internet-Only sessions of our 2017 ANA World’s Fair of Money Auction is an attractive, circulated Proof 1894 Morgan dollar certified VF-35 (NGC) offered in lot 4194. The 1894 Morgan dollar is a perpetually desirable date in both circulation-strike and Proof formats.  The Philadelphia Mint struck just 110,000 examples for commerce, the lowest P-Mint circulation issue in the entire series. Most of these coins remained in storage until the 1950s and 1960s, prompting earlier collectors to seek Proof specimens to fill the holes in their cabinets. Though the Mint struck 972 Proof examples in 1894, demand for this date has historically outpaced supply at all grade levels.  

The majority of Proof specimens exhibit Choice preservation, while many have been misguidedly impaired by cleaning and polishing over the years. Others, like the present delightful example, have slipped into commerce where they gently circulated for a number of years, in this case gathering a problem-free patina.

The surfaces of this piece are largely dove-gray with areas of pewter and gold hues. The design elements are exceptionally bold, worn across the highest points but otherwise well-defined. A few scattered marks are visible in the fields but the complexion remains overall smooth. This piece offers both strong eye appeal and technical quality for collectors seeking a wholesome example of this desirable Proof issue. 

This Proof 1894 Morgan dollar will be featured in Session 6 of our August 2017 ANA Auction, which will begin at 9:00 AM PT on Tuesday, August 8. Contact us today at 1-800-458-4646 or email [email protected] to secure your copy of this exciting catalog!