1880 T$1 Trade PR(PCGS#7060)

The March 2012 Baltimore Auction

Auctioneer

Stack's Bowers

Lot Number

4162

Grade

PR67

Price

18,400

Lot Description

1880 Trade Dollar. Proof-67 (NGC). CAC. OH. A deeply toned Gem Proof of the date. Deep lilac-gray in appearance head-on, but alive with vibrant rose and bold&nbsp;electric blue iridescence in a bright light source. Sharply struck and one of 1,987 Proofs of the date struck, a figure that represents the high-water mark for Proof coinage within the denomination. Among the finest Proofs of the date certified by NGC. If boldly toned 19th century coins are high on your priorities list, you will do well to take a good look at this Gem.<br /> <br /> <strong>Numismatic Reflections by Q. David Bowers</strong><br /> The Proof-only trade dollar dates are fascinating to contemplate. These commenced with the 1878 Philadelphia issue and continued through 1883 (the 1884 and 1885 were secretly made and were not known until later). I recall that when I was at Pennsylvania State University a fine friend became interested in numismatics as he watched me with my dealership. He had a few dollars to invest and I suggested that at the current market of $25 each he buy a bunch of the Proof-only dates of trade dollars, which he did.&nbsp;