Description: The only U.S. dollar ever minted in aluminum. Only TWO minted, both 1885's, this being the single finest. NOTE: Imagine how much money this prestigious oddity would sheet for were it properly listed, among regular issue Morgan dollars with its unique aluminum status revealed, instead of in the obscure pattern section that Morgan dollar collectors will never even see. Ironically, the coin is not even a true pattern and is actually a legal tender Morgan dollar as per expert Q. David Bowers. β FUN FACTS β The only U.S. dollar ever minted in aluminum. Only TWO minted, both 1885's, this being the single finest. The five-mintage 1885 Trade dollar CU's for $3.5 million in this grade. A 1974-S penny minted on an extremely common Nepal aluminum coin realized nearly $200,000 at auction (click the sixth image). But that was an ERROR struck on a plentiful foreign coin, not a rare U.S. proof coin deliberately minted in aluminum, as this two-mintage aluminum Morgan dollar is. In our opinion, that penny was worth $600 before it auctioned, a value based on the amount for which a similar proof cent-on-foreign planchet coin had sold. Aluminum was the most valuable metal for a few decades of the 19th Century, worth considerably more than gold, platinum, and silver COMBINED. A normal, legal tender Morgan dollar minted with the actual dies that struck regular issue silver dollars except minted with what was the most prestigious and valuable precious metal for a portion of the 1800's. People see the Judd number (Judd-1750) and run for the hills. Yet, this off-metal die trial is not even a true pattern, as per researcher Q. David Bowers. Again, it is a real, legal tender Morgan dollar but made of aluminum, by far the most valuable metal for part of the 19th Century. The CU (PCGS Price Guide) value is based on auction prices. But nobody knew what this coin was when they bid; they just saw a Judd number (Judd-1750) and thus falsely assumed that it was just another boring pattern. Absurdly undervalued in the price sheets. Again, two minted versus five of the 1885 Trade dollar, which CU's for $3.5 million in this grade. We have been advised that the other specimen (an NGC PR64) is in firm hands, so this Pop Top PR65 may be the only specimen available for decades to come. Not to be confused with numerous experimental aluminum Morgan dollars with unusual designs, this is the ONLY aluminum Morgan dollar with the ADOPTED design. The actual mintage is merely two. The population reports are inflated with resubmissions and crossovers of the same coins (check all photos for proof). Only two UNIQUE coins actually exist, both included with the two aluminum proof sets issued by the U.S. Mint.. The #1 favorite coin of our firm's owner. Too much emphasis is placed on price guide values. For instance, a common date Mercury dime auctioned for $364,250 in 2019 versus its then-$4,750 PCGS Price Guide value (click the fifth image). A coin is worth what somebody will pay for it, not what a biased price guide editor says. This principle also apples to other collectibles, including paper money: a $20 bill with an overprinted banana seal was supposedly worth $10,000, its sheet value due to its 2004 auction price. Yet, it auctioned for a staggering $396,000 in 2021. Member of prestigious CDN Exchange (aka Greysheet aka Coinplex) since 2011 and one of its top five bidders in dollar volume. Fewer than 300 members worldwide. Click our username to see our other credentials at the top of our homepage. βΆNOTE: Five day return privilege.
Price: 1000000 USD
Location: Philadelphia, Pennsylvania
End Time: 2024-10-02T19:30:14.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
All returns accepted: ReturnsNotAccepted
Circulated/Uncirculated: Uncirculated
Denomination: $1
Coin: Morgan
Composition: Aluminum
Year: 1885
Strike Type: Proof
Mint Location: Philadelphia
Certification: PCGS