There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
3826

1878-S T$1 MS67 NGC....

2010 October Stamford Coinfest Signature US Coin Auction #1145

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Oct 28, 2010
Item Activity: 13 Internet/mail/phone bidders
4,814 page views
Location: Marriott Stamford Hotel & Spa
243 Tresser Boulevard
Stamford, CT 06901
Description:
Important MS67 1878-S Trade Dollar, One of
Four Business Strikes for the Type at NGC
1878-S T$1 MS67 NGC. The 1878-S Trade dollar issue marks an important nexus in the history of U.S. silver dollar production. The Trade dollars were on their last legs. The 1878 Carson City and San Francisco Trade dollars would prove to be the last circulation issues; the 1879-1883 were proof-only issues, and the famous 1884 and 1885 proofs were produced under suspicious circumstances not relevant here. In 1878 the Morgan dollars were seeing their initial year of production at those same mints.
The 1876-S through 1878-S Trade dollars were produced in quantities of 5.2 million, 9.5 million (a series record), and 4.2 million coins, respectively--enormous figures for any coin of the era. The 1878-S Morgan dollar took up the reins from the fading series, issued to the extent of 9.8 million pieces.
It is no coincidence that those enormous silver dollar production figures coincide with the peak years of Nevada's fabled Comstock Lode, which from 1876 through 1878 is estimated to have produced silver bullion worth about $36 million each year. The mine's bullion production would slowly dwindle until about 1892, when the "bottom of the barrel" began to be scraped.
The present Superb Gem Mint State business strike is an equally important representative of this historic numismatic era. The rich mint luster is exceptional. Each side is beautifully toned with copper-rose center and irregular daubs of pale blue, interspersed with an occasional brilliant patch. The strike is full, even at the top of the obverse, an area usually incompletely struck. The only mark that will suffice for pedigree purposes is in the field below Liberty's extended arm.
While proof Trade dollars at the PR67 level are neither common nor extremely uncommon, a business strike Trade dollar at the MS67 grade level is a momentous rarity. NGC has certified only four business strikes, including all Trade dollar issues, at that grade level, and this piece is--unsurprisingly--the only 1878-S so certified at NGC (9/10). Opportunities such as this one are fleeting in the world of numismatic auctions; prepared bidders will act accordingly.(Registry values: N10218) (NGC ID# 253G, PCGS# 7048)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
907,911
bidder-members
$973,966,275
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 20 days left to consign to the 2015 January 28 - February 2 Long Beach Expo US Coins Signature Auction - Long Beach!
Learn About Consigning With Us
Regarding the New Make an Offer beta program, just stumbled across this feature in the comic section. All I have to say is: WOW!! This will be a game-changer for you. A brilliant move.
S.,
Wellesley, MA
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 November 14 - 15 Selections from the Eric P. Newman Collection Part V US Coins Signature Auction - New York
2014 November 14 - 15 Selections from the Eric P. Newman Collection Part V US Coins Signature Auction - New York
REALIZED $10,408,819
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED $9,039,261
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,817,724