Imagine a single 135K Morgan Silver Dollar being worth a fortune! That’s the current bid for a rare silver dollar up for auction. This silver dollar is not your average coin—it has special qualities that make it extremely valuable. Collectors love these details, which add tons of value to the coin. If your silver dollar has a similar look or design, it might also be worth a lot more than its face value.
Why This 135K Morgan Silver Dollar Is So Special
The silver dollar in question is a rare 1895 Morgan Dollar. It’s currently up for sale at Heritage Auctions, with the highest bid sitting at $135,000—and the auction still has 13 days left, meaning the price could go up even more.
So, why is this coin worth so much? The answer is in its “proof strike.” Proof coins are special coins made for collectors, not for regular use. These coins have amazing detail and a mirror-like shine that regular coins don’t have. They’re made with polished blanks and stamped multiple times to make sure the design looks sharp and clear.
Unique Features of the 1895 Morgan Dollar
This silver dollar has several unique features that make it valuable:
- Deep Cameo Effect: This coin has a deep cameo effect, where the frosted image of Lady Liberty on the front (or “obverse”) stands out against a shiny, mirror-like background.
- High Sheldon Scale Grade: The coin is graded at 67 on the Sheldon scale, where the highest grade is 70. This means the coin is in nearly perfect condition.
- Rare Key Date: This coin was minted in 1895, one of the rarest years for Morgan Dollars. Only 880 proof versions of this coin were made, making it extremely rare and desirable among collectors.
The Value of a “Proof Strike”
Proof coins are made with extra care. They have high-quality details, and the images stand out sharply because they’re stamped with a specially polished die multiple times. The frosted design on Lady Liberty’s face looks almost 3D against the shiny background, making these coins very attractive to collectors.
Only a small number of proof coins are made each year, and they’re not meant for everyday use. This 1895 Morgan Dollar is one of only 880 proof coins from that year, and because of its unique look and limited quantity, it’s become incredibly valuable.
Table of Key Information
| Feature | Details |
|---|---|
| Year of Coin | 1895 |
| Current Bid Price | $135,000 |
| Proof Coin Production | Only 880 coins produced |
| Special Features | Deep Cameo effect, frosted image, shiny back |
| Grading Score | 67 (Sheldon Scale) |
Conclusion
The 1895 Morgan Dollar is a collector’s dream with its deep cameo effect, near-perfect grade, and rare year of production. Because of these unique features, the current bid has reached $135,000 and might go even higher. Collectors are always on the lookout for these rare details that can turn an ordinary-looking coin into a valuable treasure. Whether it’s a silver dollar, a Lincoln penny with a “red” color, or a unique design on a dime, these rare qualities can make coins worth thousands of dollars.
FAQ’s
Why is this silver dollar worth so much?
It’s a proof coin with a rare date (1895), deep cameo effect, and near-perfect grade.
What is the deep cameo effect?
This is when the coin’s design has a frosted look against a shiny, mirror-like background.
How many proof 1895 Morgan Dollars were made?
Only 880 proof coins were made in 1895, making them rare and valuable.