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Lot
1829

1872 T$1 Trade Dollar, Judd-1220, Pollock-1362, High R.7, PR64 NGC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 7, 2009
Item Activity: 8 Internet/mail/phone bidders
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Location:

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

Description:
1872 'Indian Princess' Trade Dollar
Pattern in Silver, Judd-1220
PR64, High R.7
1872 T$1 Trade Dollar, Judd-1220, Pollock-1362, High R.7, PR64 NGC.
Design.
The obverse is the William Barber adaptation of Longacre's Indian Princess design. She faces left, with 13 stars each around and on the flag, a large globe inscribed LIBERTY in raised letters, date 1872 below. The reverse is the first Trade dollar pattern, copying the Commercial dollar patterns. A wreath with UNITED STATES OF AMERICA at upper rim, and inside TRADE / DOLLAR / (bar ornament) / 420 GRAINS. 900 FINE / (bar ornament). IN GOD WE TRUST is on the ribbon of the wreath. Struck in silver with a reeded edge.

Commentary.
With the explicit inscriptions spelling out a precise metric weight in silver, these Trade dollar patterns not only foreshadow the regular-issue Trade dollars that would debut in 1873, but also some of the other attempts at international coinage, such as the Bickford patterns, the goloid metric dollars, and the stella coinage. The difference in the Trade dollars and the other coinage proposals, however, was that the former were targeted specifically for trade in the Orient, while the latter, in attempting to be "all things to all people," ended up satisfying none of the specific requirements for an international currency.

Physical Description.
The mostly untoned silver-white surfaces offer just a slight blush of gold on some of the device high points, and there is considerable field-device contrast, although uncredited by NGC. Some light contact evidence and hairlining in the fields explains the grade, but this coin is still commendable in its appeal. Saul Teichman estimates that a half-dozen are known. NGC Census: one PR64, one PR65. PCGS Population: one each in PR62, PR63, PR65 (10/08).

Provenance.
Ex: Americana Sale (Stack's, 1/2005), lot 3043.
From The Lemus Collection, Queller Family Collection Part Two. (PCGS# 61492)

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