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Lot
3999

1872 T$1 Trade Dollar, Judd-1221, Pollock-1363, High R.7, PR66 Red and Brown NGC. CAC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 8 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1872 Judd-1221 Trade Dollar Pattern
PR66 Red and Brown
Rare Market Appearance
1872 T$1 Trade Dollar, Judd-1221, Pollock-1363, High R.7, PR66 Red and Brown NGC. CAC.
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 bronze with a reeded edge.

Commentary. Less than half a dozen examples of this Trade dollar pattern are known and this is the first that we have handled. The actual surviving population may be as low as three or four pieces. Nearly a decade has passed since the last market appearance of this pattern variety. Prior to certification of the Newman specimen, NGC and PCGS had each certified a single PR63 Red specimen. The two grading events almost certainly represent a single coin that appeared in a 1994 Bowers and Merena sale as PR63 Red PCGS, and reappeared in a 2003 American Numismatic Rarities sale as PR63 Red NGC.

Physical Description. Lightly mirrored and fully brilliant orange surfaces host delicate blue patina, with 90% of the original mint color remaining. A sharp strike and excellent eye appeal are evident.

Provenance. "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $75; Eric P. Newman Numismatic Education Society.
From The Eric P. Newman Collection. (PCGS# 71493)

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