Lot 3126
1881 Trade Dollar. NGC graded Proof 67 Cameo. A blazing white gem. Great eye appeal. Pop 8; 1 in 68; 2 in 68 Star. Swirling frosty luster on the devices is rounded by mirror glow in the fields, and comprises only one out this coin's list of memorable features. Both the peripheries and the central reverse are detailed and close to 100% crisp for their sharpness of strike, which is a forceful reminder in a Proof coin this year that it is quality that counts.
No business strikes made: As in all years 1879-1883, the only trade dollars made were Proofs. This year set a record for Proof trade dollar mintage on top of the earlier record set in 1879. During 1880 trade dollars of earlier dates continued to come back to the United States, primarily through the London and other European markets. But because of the increased speculation that we wrote about in the description of the 1879 trade dollar, Proof coinage continued to set a record: The popular speculation in Proof-only trade dollars continued and appears to have peaked in early 1880, as the following delivery figures indicate: January: none;' February: 488; March: 777; April: 201; May: 58; June: 50; July: 20; August: 25; September: 30; October: 27; November: 40; and December: 271. By year's end some 1,987 Proofs had left the coining press, a record for the denomination. Most of the 1880-dated Proofs still exist, perhaps 1,300 to 1,700 of the 1,987 coined. They are readily available in various grades from Proof-60 to Proof-64, but seldom seen in such superb quality as this lovely Cameo Proof 67!
Estimated Value $15,000 - 19,000.
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