Quote:
Originally Posted by Undertoad
... 1895 and similar, Morgan Dollars. He had bought in eight of them. ...
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The 1895 is a
rare key to the series and would be worth tens of thousands of dollars even in the condition you describe (circulated proof). Fakes are abundant. That date always raises a red flag for a raw (uncertified/unauthenticated) example. Even if it was a an 1895-O or 1895-S, it would still be worth several times and perhaps many times melt value. It doesn't make sense that anyone would send it to the smelter.
Were you just using the 1895 date to illustrate the time period of those coins; or, was there actually one with that date?