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    1875-S Trade Dollar, MS67
    One Piece Finer at PCGS

    1875-S T$1 MS67 PCGS. CAC. Type Two Reverse. Large S. The S mintmark is really not that large in comparison with the S in GRAINS just above, but the appellation Large S distinguishes it from the Minute S variant. The production of Trade dollars in 1875 San Francisco was a then-record for the series at 4.487 million business strikes, although it would soon be eclipsed by the 1876-S at 5.227 million coins, and then yet again by the 1877-S, a series-record (and immense) mintage of 9.519 million coins.
    Various factors contributed to the large S-mint productions of Trade dollars during this timeframe. The years from 1875 through 1878 were the peak production years of Nevada silver from the fabled Comstock Lode, and much of that silver found its way into domestic and world mints via one medium or another. Germany's switch to the gold standard in 1872 reduced demand and prices for silver, and in 1876 the United States released a long-stored hoard of previously minted silver coinage.
    Mint Director Henry R. Linderman, in his annual report for the Mint's fiscal year ending June 30, 1876, wrote that Germany's switch to the gold standard from a silver one resulted in massive amounts of silver being placed into the marketplace from Germany and other countries. By 1877 the "Free Silver" debate raged domestically in the United States, with Western silver-mining interests advocating the free and unlimited coinage of American silver as a prop to support prices. The movement alarmed European interests, who were concerned that America might adopt a silver standard rather than the gold standard that prevailed in Europe.
    Of course, in the following year, 1878, the Morgan dollar took up where the Trade dollar left off, and the 1878-S enormous coinage of 9.774 million pieces in such light may be viewed as an extension of the earlier Trade dollar S-mint issues.
    The 1875-S is not the largest-mintage Trade dollar, but it is the one most generally available in high Mint State grades, likely due to greater exporting and melting of the 1876-S and 1877-S issues. The present Superb Gem is one of only two pieces at PCGS so certified, although a single MS68 is finer (11/11). Thick mint frost covers both sides of this sharply struck, luminous silver-white piece. A couple of faint luster grazes appear, along with a minor curved mark above the eagle's head. There is a pale golden accent, although most would say the surfaces are basically untoned.(Registry values: N10218)

    Coin Index Numbers: (NGC ID# 2536, PCGS# 7039)

    Weight: 27.22 grams

    Metal: 90% Silver, 10% Copper

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

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    January, 2012
    4th-8th Wednesday-Sunday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 1,982

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