1895 morgan business strike on ebay?

rd5425

Link

I thought there were no business strikes produced in 1895, whats the deal?

MadMarty

Looks like a circulated proof. I guess a VF35 is better than listing a PR35.

ccr

According to Coinfacts the business strikes are believed to be melted down.


1895 - Coinfacts

CLASSICS

there were no business strikes minted.........only proofs.........

braddick

Right. It should be "PR25" not VF25.

Nice looking coin too.

K6AZ

Classics- there were about 12,000 business strikes minted, but the general consensus is that they were melted either shortly after being minted, or during the great Pittman act melt of 1918.

Someone is asleep at the wheel here, and I don't know if it is the seller or NGC but that coin is definitely a circulated proof, and should read PF25, not VF25.

hughesm1

Only sure way to know is to check the diagnostics. If they match (more than likely they will) what is listed in the VAM book, its a proof. If not, either its fake (couldn't be, its slabbed! ) or you've got the one that escaped the melting pot.

ArtR

I have seen several circulated 1895 Proofs graded by NGC. They all carried the PF designation on the holder. The seller is more than likely using the VF25 to draw more lookers to his auction.

Steve27

I would be willing to bet that he's using VF rather than PF, which is why he doesn't show the slab.

BillJones

The coin is definitely a circulated Proof. It's a nice looking coin for the grade and definitely a lot better than some of the chopped up PR-50 examples I've seen for a lot more money. The seller is one of the "good guys" in this business.

morganbarber

I'm sure that someone else will tell us the exact rule, but I thought that the PR designation was no longer used below either AU or XF conditions. The idea of a PR01 is silly.

littlewicher

NGC always designates a proof with a proof prefix, even if it's impaired. I'm not sure about PCGS, though.

kranky

There aren't too many coins that could get into a PR25 holder. Since very few coins exist only in proof, it seems likely that proof coins which circulated down to VF might not be able to be differentiated from their business strike counterparts.

BillJones

When a coin is a Proof only issue, it gets into a Proof holder. If this coin were a business strike, it would be very rare and worth a lot of money. The rule is if you don't known if it's a Proof or a business strike, it get classified as the process that has the lessor value.

banknote1

I an sure that this coin is a circ. proof. But it is a super looking 1895!!!

coinkat

Its a circulated proof. No question about.

CLASSICS

<< <i>Classics- there were about 12,000 business strikes minted, but the general consensus is that they were melted either shortly after being minted, or during the great Pittman act melt of 1918.

Someone is asleep at the wheel here, and I don't know if it is the seller or NGC but that coin is definitely a circulated proof, and should read PF25, not VF25. >>

..............yes you are right they were melted....now only know in proof.

Conder101

Iin an article on the 1895 dollar in the B&M Rare Coin Review, A portion of the 1895 Annual Mint report is quoted which implies that the 12,000 business strikes were actually dated 1894.

BAJJERFAN

Why not ask the seller for a pic of the slab and see what NGC actually put on it?

ah

Sure looks like a circulated proof.

Julian

I am posting on behalf of John Hamrick, the seller of the coin. He is not yet a member but will probably join. I have known him for 35 years and he is an expert numismatist and businessman I have just corresponded by email with him. The NGC holder reads VF 25. He is not trying to deceive anyone.