Lot 3120
1878-S Trade Dollar. PCGS graded MS-63. Untoned. An accurately graded MS63 which has the blush of snow on its crisp white surfaces, fields and devices glistening with full, frosty textured luster and only a few light marks or hairlines putting a roadblock in the way of a higher grade. Production halt delayed: By February 22, 1878, when Secretary of the Treasury John Sherman halted trade dollar mintage, the San Francisco Mint had already made 1,695,819 pieces. This branch did not end production until early April; by then the total was 4,162,000, nearly a record production (the fourth highest in the series).
By the time that the last 1878-S trade dollar fell from the dies, coins of this denomination valued at over $36 million had been produced, a munificent sum in those days, although peanuts in today's trillion-dollar world; just the same, that was an amount over four times greater than all of the silver dollars that had been coined from 1794 until the denomination was suspended in 1873. Of course, hundreds of thousands of Trade dollars were later returned to the Treasury and melted. Pop 86; 107 finer. (PCGS # 7048) .
Estimated Value $1,800 - 1,900.
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| Realized $1,955 |
