'World's finest' Morgan dollar sells for $121,643 in Heritage coins auction



2015-06-26 12:09:23

'World's finest' Morgan dollar sells for $121,643 in Heritage coins auction

The sale attracted numismatists from around the world with a selection of notable and rare coins

Heritage's Signature Rare Coin Auction in Houstonlast weekproved to be as spectacular as ever, but duringthe sale on December 2-3 one particular coingarnered the most attention, and it's easy to see why.

The star item of the salewas an incredibly rare1895 Morgan Dollar, rated PR68 Ultra Cameo and one of the most sought-after coins of its type on the market.

After some fierce bidding the coin eventually sold for $121,643, beating its pre-sale estimate of $90,000.

The coin's raritywas due toboth its near perfect condition, withdeeply reflective mirrors and thickly frosted devices,and the fact that only proofs have been verified for the 1895 issue.

 This 1895 Morgan Silver Dollar is one of the finest examples in existence, and sold for an incredible $121,643

Out of 880 proofs struck, just a half-dozen coinswere evergraded PR68 or finer with the Ultra Cameo or Deep Cameo contrast modifier.

Rumours abound of possible circulation-strike survivors but none have materialised, meaning there are only 880 chances for collectors to complete their date set. And withthe coinbeing one of the six finest examples in existence, the competition from collectors across the world was intense.

This sale was another example of how the competition for the rarest and best quality collectibles has intensified over recent years, withmany collectors nowseeing such items as high-end alternative investments.

As we move into 2011, the expansion of developing economies means this competition is certain to intensify as millions of new collectors worldwide look for the very best items. Which can only be good news for the collectibles market.

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