1874 T$1 PR(PCGS#7054)

1874 T$1 PR (PCGS#7054)

Spring 2026 Showcase Auction U.S. Coins

Lot Description: An especially vivid example of both the type and issue, this rich-looking Proof exhibits blended reddish-apricot, antique gold and olive-blue iridescence to dominant antique copper patina. Fully struck with semi-reflective qualities evident in the fields as the surfaces rotate under a light. The 1874 is the second issue in the Proof trade dollar series, produced to the extent of 700 pieces. It was typical for the era that, at the turn of the year, several unsold Proofs from the preceding year's delivery were still on hand at the Philadelphia Mint. While these coins were usually wholesaled to Philadelphia and New York coin dealers at face value, on January 9, 1875, the Mint made the curious move of releasing some 175 unsold Proof trade dollars into circulation. While some of these coins may have found their way into the stocks of contemporary dealers, many Proof 1874 trade dollars were lost. The same set of circumstances also affected the first year 1873 and, indeed, these two issues are the rarest and most underrated Proof trade dollars of the 1873 to 1883 era. Clearly this visually appealing coin in PCGS Proof-64 represents a significant find for the astute numismatist.