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Lot
1828

1872 T$1 Commercial Dollar, Judd-1219, Pollock-1360, Low R.7, PR62 NGC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 7, 2009
Item Activity: 5 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Pleasing 1872 Commercial Dollar
Judd-1219, PR62
1872 T$1 Commercial Dollar, Judd-1219, Pollock-1360, Low R.7, PR62 NGC.
Design.
The obverse is the regular design for the Seated Liberty dollar. The reverse has a laurel wreath with UNITED STATES OF AMERICA around. The wreath stems are tied by a bow and intertwined with a ribbon inscribed GOD OUR TRUST. Inside, COMMERCIAL and DOLLAR are separated by a cornucopia with 420 GRS / 900 FINE on two lines below. Struck in silver with a reeded edge.

Commentary.
Approximately a dozen examples of this Commercial dollar pattern are known. The Commercial dollar patterns and Trade dollar patterns were prepared in anticipation of a coin to compete with the Mexican peso in international trade. Finally, Congress decided on the Trade dollar in 1873. NGC Census: 1 in PR62, 2 finer. PCGS Population: 2 in PR62, 1 finer (12/08).

Physical Description.
The deeply toned silver surfaces exhibit reflective fields beneath golden-brown, pale blue, and iridescent toning. Slight central weakness is noted, and the surfaces show the usual minor hairlines and tiny contact marks.

Provenance.
Ex: Bowers and Ruddy (11/1977), lot 3270.
From The Lemus Collection, Queller Family Collection Part Two.
(PCGS# 61490)

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