1895 Morgan dollars in B&M auction

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  dbldie55 Posts: 7,754 ✭✭✭✭✭

  December 5, 2003 11:11AM

  Too much or too little?

  Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  

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  tradedollarnut Posts: 20,803 ✭✭✭✭✭

  December 5, 2003 12:00PM

  As Dragon recently so astutely pointed out: why is the 1895 so expensive? The Registry is moving collectors away from mixing proofs and circulation strikes and the 1895 as a proof is no more scarce than all the other proofs.
  
  

  Early Dollar Set

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  dbldie55 Posts: 7,754 ✭✭✭✭✭

  December 5, 2003 12:04PM

  There was a hole in my Dansco's, and as far as I know, that is the only coin that would fill it. I am sure that is still the driving motivation. (not to put it in a dansco, but to have a complete date/MM set)

  Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  

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  Dog97 Posts: 7,874 ✭✭✭

  December 6, 2003 4:02AM

  <<<There was a hole in my Dansco's, and as far as I know, that is the only coin that would fill it. I am sure that is still the driving motivation. (not to put it in a dansco, but to have a complete date/MM set)>>>
  That's one thing I haven't figured out dbldie55, is why collectors think they need just 1 Proof to make a complete set of biz strikes.
  
  
  

  Change that we can believe in is that change which is 90% silver.

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  jdimmick Posts: 10,000 ✭✭✭✭✭

  December 6, 2003 4:36AM

  I have never really understood why the 95 proof is so high, as said, its no rarer than some of the other morgan proof's of that era. I dont know what makes people feel that they have to have a Proof 95 to complete a business strike date mint mark set of Morgan's. You dont see this in the other series, yes they trade a little higher, but are usually not consider a part of the set like three centers, liberty nicks etc.
  
  
  However, if a busines strike 95 Morgan ever turns up, then that would be a different story!
  

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  Myriads Posts: 243

  December 6, 2003 9:26AM

  Perhaps more folks are creating mixed MS/Proof date sets like I do again.... Still seems sensible to collect that way to me :-)
  
  Myriads

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  Higashiyama Posts: 2,329 ✭✭✭✭✭

  December 6, 2003 10:07PM

  Dog, regarding "That's one thing I haven't figured out dbldie55, is why collectors think they need just 1 Proof to make a complete set of biz strikes" -- if a Morgan collector is really focusing on business strikes, it is reasonable enough not to want the 1895. But I can fully understand the mystique of the 1895 Morgan, and why a Morgan collector might want all dates/mints, whether or not they are circulation stirkes of proofs. With a mintage of 880, and such broad interest in Morgans, the prices don't seem surprising at all.
  
  There are other examples that are not totally unlike this one. Many type collectors would like to own an 1836 Gobrecht dollar, even though they were struck in proof, and are on the cusp of patterns/presentation pieces/circulation strikes.
  
  
  
  

  Higashiyama

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  hamiltonjh Posts: 1,140

  December 6, 2003 10:16PM

  Higa...which had a mintage of 880?
  I'm not the brightest bulb in the box...draw me a picture?

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  Higashiyama Posts: 2,329 ✭✭✭✭✭

  December 6, 2003 10:31PM

  Hamiltonjh - The 1895 proof Morgan had a mintage of 880. There may have been 12,000 circulation strikes also coined, but none are known, so any Morgan collector who would like an 1895 Philadelphia coin needs to find one of the remaining proof strikes.

  Higashiyama

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