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The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
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Some of the proof Morgan dollars struck from 1878 through 1904, as well as the limited number of proof-quality strikes in 1921, exhibit cameo contrast in which the devices, inscriptions, and other raised design elements of the coins bear white, frosty surfaces. The degree to which the cameo contrast bears out varies from piece to piece. But the general idea is that so long as the raised surfaces exhibit mostly complete, if even only light, frostiness then it qualifies as a cameo. This is particularly so if the devices and other raised elements on both sides of the same coin exhibit this cameo contrast.
On older proof coinage such as Morgan dollars, cameo proofs are generally much scarcer than typical proofs exhibiting little to no contrast between the devices and the fields. Cameos are thus not only scarcer than ordinary proofs, but they also command a much larger premium. How does one tell the difference between a cameo proofs and a deep cameo? While the nuances of subjectivity sometimes cause a bit of confusion in this department, as it does in most areas of coin grading, most experts agree that a deep cameo must show heavy frosting on the devices of the obverse and reverse with heavy contrast between the devices and the fields.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Book Reference
Designer: George T. Morgan. Weight: 26.73 grams. Composition: .900 silver, .100 copper (net weight .77344 oz. pure silver). Diameter: 38.1 mm. Edge: Reeded. Mints: Philadelphia, New Orleans, Carson City, Denver, San Francisco.
Key to Collecting: Abundant opportunities exist to obtain a single coin for a type. The 1881-S, which at once is the most common Morgan dollar in gem grade and also is one of the sharpest struck, is an obvious candidate. However, it might be fun to add a Carson City coin (such dates as 1882-CC, 1883-CC, and 1884-CC are inexpensive) or one or another of a variety of special interest.
Note: For Morgan-design dollars struck under the 1921 Silver Dollar Coin Anniversary Act, see the end of chapter 19.
Aspects of Striking and Appearance: Striking can vary widely. The best-struck pieces are those made at San Francisco. Check Liberty’s hair above her ear, and, on the reverse, the breast feathers of the eagle. The hair of Liberty might not be completely needlesharp, but it should be close. Once these two points are checked, examine lettering, denticles (usually decent), and other characteristics. Many coins were made from “tired” dies and show graininess or dull surfaces. Eye appeal can vary considerably from deeply rich and frosty to rather flat and insipid.
Proof Coins: Proofs were made of all years in the series. Quality can vary. Especially desired are certain pieces with frosty or “cameo” portraits and devices, often seen in the 1880’s and 1890’s. Many Proofs have been cleaned and thus have hairlines, others are rather dull in appearance. Take your time to select a truly nice one.
Catalog Information
GSID:
74168
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, [Date]
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Proof
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Variety:
1878-1921
Coin Date:
Morgan Dollar
Denomination:
$1
Designation:
PR
Mint Location:
Philadelphia
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
87310
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Coin Value History
Morgan Dollar $1 1878-1921 PR CAM [Type]
Value By Grade
Morgan Dollar $1 1878-1921 PR CAM [Type]
CPG (retail) values
Currency
Grade Range
Grading Authority
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Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| PR69 |
|
$240,000 | $1,234 |
| PR69 | - | $210,000 | $1,234 |
| PR68 |
|
$1,234 | $1,234 |
| PR68 | - | $1,234 | $1,234 |
| PR67 |
|
$1,234 | $1,234 |
| PR67 | - | $1,234 | $1,234 |
| PR66 |
|
$1,234 | $1,234 |
| PR66 | - | $1,234 | $1,234 |
| PR65 |
|
$1,234 | $1,234 |
| PR65 | - | $1,234 | $1,234 |
| PR64 |
|
$1,234 | $1,234 |
| PR64 | - | $1,234 | $1,234 |
| PR63 |
|
$1,234 | $1,234 |
| PR63 | - | $1,234 | $1,234 |
| PR62 |
|
$1,234 | $1,234 |
| PR62 | - | $1,234 | $1,234 |
| PR61 |
|
$1,234 | $1,234 |
| PR61 | - | $1,234 | $1,234 |
| PR60 |
|
$1,234 | $1,234 |
| PR60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
Morgan Dollar $1 1878-1921 PR [Type]
![Morgan Dollar $1 1878-1921 PR [Type]](https://images.greysheet.com/Ctc/Catalog/20201003/auctions_stacksbowers_com_lots_view_1_1dciu-0.20201003221013187.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $900 – $150,000
1878 7TF $1 Reverse of 1878 PR
Worth: $3,150 – $70,000
1878 7TF $1 Reverse of 1879 PR
Worth: $22,000 – $144,000
1878 8TF $1 PR
Worth: $2,420 – $39,600
1878 8TF $1 Presentation Piece, First Die Pair, VAM-9 SP
1878-S $1 Specimen Strike, VAM-58 SP
1878-S $1 Specimen Strike, Long Knock, VAM-60 SP
Worth: $220,000 – $264,000
1879 $1 PR
Worth: $1,100 – $12,000
1879-O $1 PR BM
Worth: $175,000 – $175,000
1880 $1 PR
Worth: $1,100 – $150,000
1881 $1 PR
Worth: $1,100 – $33,000
1881-O $1 PR BM
Worth: $660,000 – $660,000
1882 $1 PR
Worth: $1,100 – $30,000
1883 $1 PR
Worth: $1,100 – $32,000
1883-O $1 PR BM
Worth: $200,000 – $240,000
1881 $1 PR64 Cameo PCGS. ...
$7,320
1882 $1 PR67 Cameo NGC. ...
$19,520
1888 $1 PR62 Cameo PCGS. ...
$9,150
1892 $1 PR66 Cameo PCGS. CAC. ...
$31,720
1893 $1 PR65 Cameo PCGS. ...
$17,690
1897 $1 PR68 Cameo NGC. ...
$30,500
1896 $1 PR63 Cameo NGC. CAC....
$4,440
1880 $1 PR69 Cameo PCGS....
$204,000
1878 7TF $1 Reverse of 1878 PR61 Cameo NGC. ...
$4,560
1884 $1 PR64 Cameo NGC....
$5,640
1889 $1 PR67 Cameo PCGS. ...
$34,160
1882 $1 PR62 Cameo PCGS....
$3,360
1893 $1 PR66 Cameo NGC. ...
$17,080
1895 $1 PR65 Cameo NGC. VAM-2....
$87,000
1890 $1 PR68★ Cameo NGC. CAC....
$87,000
1895 $1 PR63 Cameo PCGS. CAC....
$72,000
1885 $1 PR69 ★ Cameo NGC. ...
$100,625
1896 $1 PR61 Cameo ANACS. ...
$2,640
1884 $1 PR64 Cameo PCGS....
$4,920
1898 $1 PR67 Cameo NGC. ...
$14,640
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