1895 SILVER DOLLAR
PCGS No: 7330, 87330, 97330
Mintage:
Circulation strikes: 12,000 (experts believe these were all
melted down...the circulated examples that are known appear to be worn Proofs)
Proofs: 880+
Designer: George T. Morgan
Diameter: 38.1 millimeters
Metal Content:
Silver  90%
Copper  10%
Weight: 26.73 grams
Edge: Reeded
Mintmark: None (for Philadelphia,
Pennsylvania) below the center of the wreath on the reverse
Notes:
Called the "King of Morgan
Dollars", the 1895 is one of the most desirable and soughtafter
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 resubmissions. A surprising percentage of the
coins examined by PCGS have been "spent" Proofs  68 coins
have been certified below Proof60. The finest 1895 Silver
Dollars graded by PCGS are a single PR68, 4 PR67 Cameos, and a single
PR68 Deep Cameo.

Images courtesy of Superior
Galleries
Significant
examples:
NGC Proof68 (illustrated
above)
 Superior 1/2005:904
PCGS PR67, Superb!
 Superior Galleries 10/2000:3715,
$41,400.00
PCGS Proof66
 Bowers & Merena 07/2002:516, $50,600.00
Recent appearances:
PCGS Proof64

Bowers and Merena 10/2000:1577, $33,350.00
NGC Proof64
 Bowers & Merena 06/2001:1139, $25,875.00
"Choice Brilliant
Proof"
 Stack's 12/2003:644, $24,150.00
PCGS Proof62
 Superior 6/1988:5435
 Superior 05/3084,
$24,150.00
PCGS Proof62

Heritage 08/2000:6413, $1,063.75
PCGS Proof61
 Jeff Hosford
 Heritage 08/2000:6412, $18,975.00
Sources and/or
recommended reading:
"The PCGS Population Report, April 2003" by The
Professional Coin Grading Service
"Walter Breen's
Complete Encyclopedia of U.S. and Colonial Coins" by Walter
Breen
"Walter Breen's
Encyclopedia of United States and Colonial Proof Coins
17221977" by Walter Breen
