1874 T$1 MS65 PCGS....

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Sold on Aug 12, 2011 for:

$16,100.00 Bid Source: HA.com/Live bidder

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High-Mintage, High-Meltage
Business Strike Gem 1874 Trade Dollar

1874 T$1 MS65 PCGS. Ex: Legend Collection. The 1874 Trade dollar had a large mintage of 987,100 pieces, and one would expect a substantial number of Gems to survive today. However, almost the entire mintage was shipped to the Orient, the reason for the Trade dollar's existence in the first place. As a result, large numbers of chopmarked 1874 Trade dollars can be located, but better-quality Uncirculated pieces are seldom encountered. A few Gems did endure by chance, but probably no more than 10 pieces are known today. That is the total number certified in MS65 by both PCGS and NGC, and another three pieces are finer -- totals that are unchanged in the three years since we last handled this coin (7/11). This is a stunning Gem. The strike details are complete, including the head of Liberty and upper stars, a situation rarely encountered on the other high-mintage issue in the series, the 1877. The mint luster is bright and displays intense mint frost, which is even more dazzling since the coin is brilliant. A wonderful opportunity for the Trade dollar specialist. Census: 5 in 65, 1 finer (7/11).
Ex: ANA Signature (Heritage, 7/2008), lot 1767, which brought $17,250.
From The Oliver Collection.(Registry values: N4719)

Coin Index Numbers: (NGC ID# 252Z, PCGS# 7034, Greysheet# 7351)

Weight: 27.22 grams

Metal: 90% Silver, 10% Copper

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