LOT #98623 |
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1877 T$1 PR66 PCGS. CAC. Breen-5808....
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Sold on Oct 27, 2014 for:
$16,450.00
Bid Source: Internet bidder
Description
1877 Trade Dollar, PR66
Scarcer Heavy Date Variety
1877 T$1 PR66 PCGS. CAC. Breen-5808. Dusky violet and blue
toning blankets carefully preserved surfaces. The design elements
are boldly defined, as expected for a proof, with sharp detail on
the stars, leaves, and feathers. Overall, this Premium Gem proof
demonstrates splendid eye appeal.Variety: Breen-5808, Heavy Date. The date appears slightly doubled, particularly on the 1 and 8. This variety occurs on just a small number of proofs.
Population Data (7/14): PCGS reports five grading events in PR66 with two finer (both 67). NGC shows six PR66 (one PR66 ★ ) and three finer.
Heritage Commentary: Effects of the sluggish economy clearly influenced Mint production totals in 1877; no three cent or Shield nickel business strikes were issued, and only 852,500 Indian Head cents were struck (and possibly far fewer, due to "recoinage"). However, the Philadelphia facility did produce a generous number of Trade dollars to be exported for commercial trade (more than 3 million coins), plus 510 proofs (a figure disputed by Bowers to be underreported by roughly 200 specimens). Proofs surviving as fine as this one, however, are conditionally rare.
Provenance: Joel O. Cheek Collection (Stack's, 5/2002), lot 383.(Registry values: N4719)
Coin Index Numbers: (NGC ID# 27YN, PCGS# 7057, Greysheet# 7401)
Weight: 27.22 grams
Metal: 90% Silver, 10% Copper
Auction Info
2014 October 27 The Eugene H. Gardner Collection II US Coins Signature Auction - New York #1214 (go to Auction Home page)
Auction Dates
October, 2014
27th
Monday
Bids + Registered Phone Bidders: 16
Lot Tracking Activity: N/A
Page Views: 743
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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