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    Description

    1878-S Trade Dollar, MS68
    The Only One Graded

    1878-S T$1 MS68 PCGS. CAC. The Coinage Act of 1873, known as the Crime of '73, established the Trade dollar and discontinued the Standard silver dollar, bearing the Seated Liberty design. These 420 grain dollars were intended to compete with the Mexican 8 Reales or peso for trade in the Orient. At the same time, they remained legal tender in the United States until 1876. Production of circulation strike coins continued in Philadelphia through 1877, and at Carson City and San Francisco through 1878. Production of circulation strike Trade dollars was halted in 1878 with passage of the Bland-Allison Act that restored the Standard silver dollar and required the government to purchase substantial quantities of the precious metal every month.

    As the closest Mint to Asia, the bulk of Trade dollar production occurred in San Francisco where more than 4.1 million of these coins were struck in 1878 alone. The California Mint struck more than 26 million Trade dollars during the six years from 1873 to 1878. Despite the large mintage of 1878-S Trade dollars, few survive in top grades.

    This incredible Trade dollar is a pristine Superb Gem with satin mint luster that shines through its thick teal, rose, and gold toning, generating an incredible cartwheel effect. The surfaces are pristine and virtually mark free.

    PCGS has certified three Trade dollars as MS68 (11/18), and that population is unchanged since this piece last appeared in a public auction over 13 years ago. The other two MS68 examples are 1875 and 1875-S. The finest Trade dollars that NGC has examined are two pieces that grade MS67. This impressive Superb Gem is destined for a top Registry collection of Trade dollars.
    Ex: Bowers and Merena (1/2005), lot 706; Bowers and Merena (7/2005), lot 730.
    From The Greensboro Collection, Part VII. (Registry values: N1)

    Coin Index Numbers: (NGC ID# 253G, PCGS# 7048)

    Weight: 27.22 grams

    Metal: 90% Silver, 10% Copper


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

    View all of [The Greensboro Collection, Part VII ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 17
    Lot Tracking Activity: N/A
    Page Views: 1,435

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