LOT #4912 |
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1873-S T$1 MS65 PCGS....
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Sold on Jan 4, 2018 for:
$20,400.00
Bid Source: HA.com/Live bidder
Description
1873-S Trade Dollar, MS65
Incredibly Rare This Fine
1873-S T$1 MS65 PCGS. The Trade dollar was designed, struck,
and issued for the sole purpose of export. It replaced the Seated
Liberty (standard) dollar in a sense, as the earlier type was
discontinued in its wake, but the Trade dollar was never intended
to serve in domestic commerce. As the Mint Director stated in the
Annual Report of 1873, "Having been made a legal tender in
limited amounts, it may eventually, if the price of silver relative
to gold falls sufficiently, to some extent enter into home
circulation, but its export value will always be in excess of that
of the subsidiary silver coin, its bullion value or quantity of
pure metal being about 8 1/2 per cent. in excess."The San Francisco Mint struck 703,000 Trade dollars in 1873, the first year of production for the type. Quantities of the issue were exported to China and Japan late in the year, although it would be another year at least before it would be known if the new coin was a success as a trade unit in those regions.
A number of unexported Mint State pieces survive today for collectors, although primarily in grades no finer than MS64. This Gem example is a major rarity and within the Condition Census for the issue. Minor weakness on Liberty's head and the eagle's right (facing) leg contrasts with sharp stars and wing feathers. Shimmering, golden-toned luster is unabraded and yields occasional glimpses of lavender and russet. Eye appeal is outstanding. The coin resides in an old green label holder. Population: 3 in 65, 1 finer (11/17).(Registry values: N4719)
Coin Index Numbers: (NGC ID# 252Y, PCGS# 7033, Greysheet# 7361)
Weight: 27.22 grams
Metal: 90% Silver, 10% Copper
Auction Info
2018 January 3 - 8 FUN US Coins Signature Auction - Tampa #1271 (go to Auction Home page)
Auction Dates
January, 2018
3rd-8th
Wednesday-Monday
Bids + Registered Phone Bidders: 14
Lot Tracking Activity: N/A
Page Views: 460
Buyer's Premium per Lot:
20% of the successful bid per lot.
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