LOT #4673 |
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1873 T$1 MS65+ PCGS....
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Sold on Aug 7, 2014 for:
$11,750.00
Bid Source: Internet bidder
Description
1873 Trade Dollar, MS65+
Brilliant First-Year Gem
1873 T$1 MS65+ PCGS. The Coinage Act of February 12, 1873,
commonly known as "The Crime of '73," abolished the Seated dollar
and introduced a Trade dollar composed of .900 silver and weighing
420 grains. The new coins were intended to circulate in Asia,
though they were legal tender domestically and circulated until the
price of silver dropped below face value. Depositors could exchange
bullion for Trade dollars at will but could only receive subsidiary
silver coins had the bullion been been obtained as a by-product of
gold mining.The Philadelphia Mint produced a 396,635 dollars in 1873 (nearly all of which were shipped to China) and the issue remains moderately available today. Nevertheless, PCGS has seen only 10 examples in MS65 (1 in MS65+) and five finer (7/14). Frosty mint luster abounds over the brilliant surfaces of this carefully preserved Gem. The devices are sharply detail on each side and only a few insignificant ticks prevent an even higher grade. The eye appeal is enviable.(Registry values: N4719)
Coin Index Numbers: (NGC ID# 252W, PCGS# 7031, GSID# 7349)
Metal: 90% Silver, 10% Copper
Weight: 27.22 grams
ASW: 0.78764oz
Mintage: 396,600
Auction Info
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago #1208 (go to Auction Home page)
Auction Dates
August, 2014
5th-9th
Tuesday-Saturday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 810
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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