1895 Morgan Dollar (1895 Morgan S$1) NGC PF8. Known as the King of Morgan Dollars, the 1895 Morgan dollar is the rarest and most sought after date of the series. The 1895 Morgan dollar is so rare, that the closest most collectors will ever come to owning one is to print out a photo of the elusive coin. According to U.S. Mint records, there were 12,000 regular circulation Morgan Dollars struck for 1895, and 880 Proof specimens struck.

For decades, Numismatists have wondered where the 12,000 business strike specimens disappeared to. Many suggest that the coins were never minted in the first place and the Mint accounting ledgers are wrong. Some believe that the coins were actually struck, but were melted down for various reasons. Others even believe that the coins were lost at sea in a shipwreck.

The Comstock Lode, one of the greatest silver strikes in history, was discovered in Nevada in the late 1850s. The strike put downward pressure on silver prices worldwide. In 1878 Congress passed the Bland-Allison Act which required the Treasury Department to purchase large amounts of silver, and to strike it as coins. For reasons of economy, the Treasury chose to strike the silver as dollars. Born in Birmingham, England in 1845, George T. Morgan was chosen to design the new dollar coin. Mint Director, Henry P. Linderman, ordered that a head of Liberty be featured on the obverse of the coin and Morgan recruited Philadelphia school teacher Anna Willess Williams to pose for the new design. Morgan dollars were minted from 1878 to 1904 and again for one more year in 1921. Over the course of production, hundreds of millions of the dollar coins were produced. On April 23, 1918 the

Pittman Act was enacted, authorizing the conversion of 270,232,722 standard silver dollars to be converted into bullion. The featured coin is truly in a league of its own, the definition of a rarity. With only 880 examples known to exist, an 1895 Morgan dollar in any grade is absolutely incredible. Graded PF8 by NGC, this coin features even wear and minimal contact marks. Possibly the rarest coin out there, this example would be the perfect fit in anyones collection.