1889 Morgan Silver Dollar. Proof-65 Cameo (PCGS). CAC.，A simply delightful coin with razor sharp striking detail from the rims to the centers. The devices are further characterized by a satiny texture that contrasts markedly with deeply mirrored fields. Delicate golden iridescence clings to the denticles, although the overall appearance is one of silver white brilliance. An exceptionally well produced and preserved survivor from a mintage of 811 Proofs.<p>Our multiple offerings to the contrary in this sale notwithstanding, the 1889 is one of several Proof Morgan dollars that can be challenging to locate with fully struck central high points. The phenomenon of flatly struck Proof silver dollars actually begins with the 1888 and continues through the 1893 issues, and it is the result of inadequate die spacing on the part of Mint employees. Expounding on this subject in the 1993 reference <em>Silver Dollars & Trade Dollars of the United States, A Complete Encyclopedia</em>, Q. David Bowers states: "At the time at the Mint there was a disaffection with collectors, and the production and sale of Proof coins was considered a bother by the Mint personnel, rather than a sales opportunity." This is a an exceptional coin for both the issue and the assigned grade that is worthy of the strongest bids.，PCGS# 87324. NGC ID: 27ZJ.，PCGS Population: 16; 13 finer in this category (Proof-68 Cameo finest).，From the Alexander Collection. Acquired from Stacks, February 7, 1949. Company envelope with provenance notation included.
