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    Description

    1878 Trade Dollar, PR66
    Proof-Only Philadelphia Striking

    1878 T$1 PR66 PCGS. When issued, 1878 Trade dollar proofs were available from the Mint for $1.75 each in paper money, or for $1.50 each in silver. Still, 219 pieces remained unsold at the end of the year from a mintage of 900 pieces. Rather than melting the excess proofs, the Mint distributed them at bullion value -- likely to favored coin dealers. This stunning, deeply toned example must have spent decades carefully preserved in a Kraft envelope. Rotation under a light reveals nearly perfect mirrored fields that are concentrically toned in shades of sea-green, blue, and pale-rose hues. Iridescent colors play alongside the primary shades, while the strike is razor-sharp throughout both sides. Housed in a previous generation green label holder. Population: 13 in 66 (1 in 66+), 1 finer (6/18).(Registry values: N4719) (NGC ID# 27YP, PCGS# 7058)

    Weight: 27.22 grams

    Metal: 90% Silver, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    July, 2018
    12th-15th Thursday-Sunday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 495

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    Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
    The Estate of David M. Faraday ,
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