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Proof Morgan Dollars Featured at Summer FUN

July 16, 2018

     The just completed Summer FUN Sale was hosted by Heritage Auctions and contained some noteworthy coins and collections. One of the highlights was the 1860 O $20 Gold Liberty in NGC MS61 which sold for $168,000; the current Market for this grade is $132,500. This is the finest known example to date and there are no other Mint State certified coins with only a total of 16 certified in AU58.

1860 O $20 Gold MS61 NGC

1860 O $20 Gold MS61 NGC sold for $168,000 at the Heritage Auctions Summer FUN Show U.S. Coins Signature Sale in Orlando, Florida, July 12-15, 2018

     The East End Collection included many high grade Morgan Dollars throughout the nearly complete set. There were some rather noteworthy Proof Morgan Dollars sold from this collection including an 1895 Morgan in NGC PR65 Cameo which brought $78,000. This low mintage rarity was collected early thus the number of coins in high grade is excessive compared to other dates. There are 29 certified in this grade with 4 of those making the CAC grade, and there are 46 coins certified higher than PR65. This is such a popular date that most major auctions will contain at least one up for bid.

1895 Morgan Dollar PR65 Cameo NGC

1895 Morgan Dollar PR65 Cameo NGC sold for $78,000 at the Heritage Auctions Summer FUN Show U.S. Coins Signature Sale in Orlando, Florida, July 12-15, 2018

     The rarely encountered 1921 Chapman Morgan Dollar in NGC PR65 brought a premium bid of $72,000. There were no Proofs officially made for collectors, however, PCGS and NGC have combined to certify 64 in all grades of PR60 through PR67. There are 4 coins certified in PR65 with another 6 coins grading higher. The current Market for the PR65 is $68,500.

1921 Chapman Morgan Dollar PR65 NGC

1921 Chapman Morgan Dollar PR65 NGC sold for $72,000 at the Heritage Auctions Summer FUN Show U.S. Coins Signature Sale in Orlando, Florida, July 12-15, 2018

     Also in this sale was an 1884 S Morgan Dollar in PCGS MS63 that brought $42,000. While there may be over 100 coins certified for this rare date, the number of coins in higher grades is only 29 with a single PCGS MS68 the highest graded. Some other highlights from the Heritage Auctions Summer FUN Sale are listed below.

Date/DenominationGradePrice Realized
1856 Flying Eagle CentPCGS PR65$28,800
1921 S Walking Liberty HalfPCGS MS63$28,800
1880 Morgan DollarNGC PR68 Cameo$22,800
1881 Morgan DollarNGC PR67 Cameo$16,800
1889 CC Morgan DollarNGC MS64$52,800
1805 $2 ˝ Gold Capped BustPCGS MS62+$66,000
1912 $5 Gold IndianPCGS PR65$40,800
1915 S $5 Gold IndianNGC MS64$31,200
1920 S $10 Gold IndianPCGS MS62$75,000
1924 S $20 Gold St. GaudensPCGS MS65$90,000
1915 S $50 Gold Pan-Pac OctagonalPCGS MS62$75,000

     The metals are drifting lower in morning trading with Gold currently at $1,239.30 and Silver at $15.74. Circulated Dollars in VG and better are wholesaling at $22,025 per bag of 1,000. Silver bags are trading at $10,945.










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NumisMedia Weekly Archive
Current News and Analysis of the U.S.
Rare Coin Market