1884 T$1 PR67 PCGS. The history of the United States ...
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Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
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For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
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This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
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Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
Heritage retains 10% (minimum $40 per lot) of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $6) per lot. Please see #2 in our Terms & Conditions.
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Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
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- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
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- With pre-approved credit application
All traditional sales policies still apply. Due to the nature of the business and market volatility, there is no return privilege once you have confirmed your sale, and penalties can be incurred on cancelled orders.
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Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
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- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
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- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
Production of business strike Trade Dollars ceased in 1878, but proofs continued to be available on an individual basis from the Mint for $1.25. Most of the known 1884 Trade Dollars surfaced in 1908, having originated with William Idler. It has been assumed since that these mysterious rarities (both the 1884 and 1885) were a "nighttime operation;" that is, specimens that were clandestinely produced after hours using hubs and punches available in the die cutter's workroom. However, in June, 1988 Carl Carlson of Stack's revealed in the Sprinkle catalog new information he had gleaned from A.W. Stroub's Die Record Book. Carlson's write-up is in-depth and convincing, and we refer anyone interested in this lot to refer to his article on page 26 of the Sprinkle catalog. The upshot of his research is that the 1884 Trade Dollars were, in fact, proper coins that were properly struck under proper authority. The effect of such information is that it adds legitimacy to this issue, a date that has lived under a clandestine cloud for nearly a century. Because the ten coins struck were properly prepared and properly receipted within the Mint, the 1884 Trade Dollar is a legitimate issue and the next logical date extension of the proof-only issues of 1879-83.
As mentioned, William Idler is responsible for distributing most of the known 1884 Trade Dollars early last century. A roster of known specimens is as follows:
1) The Dunham/Starr specimen (offered here), the Finest Known. Ex. mint official, probably Col. A. Louden Snowden; William Idler; Capt. John W. Haseltine; unknown; William Forrester Dunham and sold with his collection to B. Max Mehl in 1939; Mehl's inventory; Mehl's 1941 sale of the William Forrester Dunham Collection, lot 1150, $315; Floyd T. Starr; Stack's sale of the Starr Collection, October 21, 1992, lot 844; Goldberg's California Sale, lot 1784, where it had been certified by both NGC (#900003-011) and PCGS as PR67 and realized $510,600.
2) The Newcomer/Carter coin (as above, Snowden, Idler, Haseltine) Waldo Newcomer to Colonel E. H. R. Green; B. G. Johnson around 1943; B. Max Mehl Jack Roe sale, June 12, 1945, lot 627; B. Max Mehl Jerome Kern sale, May 23, 1950, lot 896; Stack's Amon G. Carter, Jr. sale, January 18, 1984, lot 440.
3) The Atwater/Eliasberg coin Snowden; Idler; Haseltine; B. Max Mehl Atwater sale, June 11, 1946, lot 377 to the Eliasberg Collection; Bowers and Merena Galleries, April 1997, lot 2353.
4) The Menjou/Wolfson coin as above, Abe Kosoff Adolphe Menjou sale, June 15, 1950, lot 2040; Stack's Farish-Baldenhofer sale, November 11, 1955, lot 1039; Stack's Fairbanks sale, December 10, 1960, lot 698; Stack's Samuel Wolfson sale, May 3, 1963, lot 1541; Abner Kreisberg/ Carlson-Shipkey sale, November 8, 1976, lot 426; Bowers and Merena's Arnold-Romisa sale, September 17, 1984, lot 2342; Stack's French Family sale, January 18, 1989, lot 201.
5) The Farouk/Norweb coin as above, Sotheby's Palace Collections sale, February 1954, lot 1679; Bowers and Merena Norweb II sale, March 24, 1988, lot 1847; Heritage Silverman Collection. April 25, 2002, certified PCGS PR63, where it realized $138,000.
6) The Marks/Herstal coin as above, Virgil M. Brand estate; Bowers and Ruddy RCR 15; Bowers and Ruddy Stanislaw Herstal sale, February 7, 1974, lot 734.
7) The 1976 ANA coin as above, Stack's sale, as part of a complete proof set of the year.
8) The Neil/Pelletreau coin as above, B. Max Mehl, Will Neil sale June 17, 1947, lot 296; Stack's Robert Pelletreau sale, March 6, 1959, lot 1054; NERCA/NENA Convention sale, November 7, 1975, lot 635; Hanks & Associates, April 20, 1985 sale, lot 351; RARCOA auction '89, lot 327; Superior Auction '90, lot 1163.
9) The Olsen/Ewalt coin as above, B. Max Mehl/ Fred E. Olsen sale, November 7, 1944, lot 997; Stack's George S. Ewalt sale, November 22, 1965, lot 42, Stacks' Dr. C.L. Emmons sale, September 19, 1969, lot 814, Ivy ANA Convention sale., August 18, 1980, lot 1809; RARCOA Auction '84, lot 1809; Superior L.W. Hoffecker sale, February 8, 1987, lot 1446A; Goldberg's Kardatzke sale, February 2000, lot 1470.
10) The Colonel Green/Kelly coin Colonel E. H. R. Green estate; B.G. Johnson; James Kelly (1943-44) Frank Sprinkle; Stack's Frank Sprinkle sale, June 21, 1988, lot 461; RARCOA Auction '90, lot 845.
Of the pedigreed examples of the 1884 Trade Dollar, only the Eliasberg coin could possibly rival the quality of this magnificent specimen. Once described by B. Max Mehl as a "beautiful perfect brilliant proof," the surfaces acquired over the next half century concentric layers of toning dominated by varying amounts of electric-blue iridescence at the borders that frames interior shades of golden-rose and steel-gray.
A truly unique opportunity to obtain an American numismatic classic, the single finest specimen from only a handful of known 1884 Proof Trade Dollars. (#7064) (NGC ID# 27YW, PCGS# 7064)
Service and Handling Description: Coin/Currency (view shipping information)