Lot 3099
1874 Trade Dollar. PCGS graded Proof 64 Cameo. A sparkling white coin. Only 700 proofs struck. A boldly struck white-surface coin whose high-end depth of detail in the strike complements the equally fresh mint bloom. In light of that, we can also say this piece is as nicely struck as any Gem would be, with extremely full details on both sides. Only a few trace hairlines limit its grade to Proof 64 and not something higher.
Apparently, most of the Proof trade dollars were sold as part of 1874 silver Proof sets, and deliveries by months match other silver Proof coins of the year. Bowers explains further, in the trade dollar section of his silver dollar encyclopedia: "Although 700 may have been distributed to numismatists, the rate of retaining them was not high, and today hundreds of pieces have been lost. These pieces were simply spent for face value, as was also the case for many 1873 Proofs-accounting for the impaired Proofs occasionally seen today. On the numismatic market the 1874 Proof is very undervalued." (PCGS # 87054) .
Estimated Value $4,000 - 5,000.
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| Realized $6,900 |
