Lot 1211
1882 Trade Dollar. PCGS graded Proof 65 Cameo PQ. CAC Approved. Only 1,097 Proofs struck. A fresh Gem example loaded with impressive coloration, iridescent blue, gleaming and utterly stunning. Nice eye appeal. The reverse contrast between the frosty devices and mirrorlike fields is quite attractive.
In an attempt to obtain the best possible design for the Trade Dollar, Mint Director Linderman used a provision of the Coinage Act of 1873 to hire outside artists. There were several patterns made for the 1873 trade dollar, but in the end Linderman chose one by Chief Engraver William Barber. The adopted design has the familiar figure of a seated Liberty, but in a somewhat different pose from the standard coinage. Most of the 1873 coinage did go to the Orient, as intended in the legislation. By 1874 the ever-declining world price of silver made it advantageous to dump many trade dollars on the American domestic market for whatever they would bring. Finally, after 1878, the Mints ceased striking this design for circulation purposes. Sales of Proofs for collectors did however continue through 1883. Pop 5; 5 finer, 3 in 66, 1 in 67, 1 in 68 (PCGS # 87062) .
Estimated Value $6,500 - 7,500.
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| Realized $10,925 |
