Lot 2837
1874 Trade Dollar. NGC graded Proof 64 Cameo. A hint of light golden toning. Only 700 proofs issued. A highly lustrous Trade dollar that has rich golden patina, strong cameo contrast, and a razor sharp strike. Only minimal hairlines found with the aid of a magnifying glass.
Proofs were struck to the extent of 700 coins. In December there were an 50 minted (included in the total given). It was customary in December to strike a few additional pieces to keep on hand until the end of the year. Typically, on January 1st of the following year a small supply of Proofs was in inventory. Sometimes these were wholesaled to Philadelphia and New York dealers for face value. However, on January 9, 1875, 175 unsold Proofs were released for face value and, presumably, went to coin dealers. Some, possibly all, 1874 Proofs have bold, wide rims. Apparently, most were sold as part of 1874 silver Proof sets, and deliveries by months match other silver Proof coins of the year. Pop 12; 6 finer. 5 in 65; 1 in 66.
Estimated Value $4,000 - 4,500.
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| Realized $3,335 |
