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    Description

    1882 Trade Dollar, PR68 Cameo
    Important Proof-Only Issue
    Finest Certified at PCGS

    1882 T$1 PR68 Cameo PCGS. CAC. A generous mintage of 1,097 proof Trade dollars was achieved in 1882, with the bulk of the production accomplished in the first half of the calendar year. This may indicate the widespread speculation in proof-only Trade dollar issues, which began in 1880 and continued well into 1881, was not quite over. In the 1882 edition of An Illustrated History of the U.S. Mint, author A.M. Smith noted, "Trade dollars of 1879, 1880, 1881 and 1882 are very rare as only a few hundred of each as Proofs for collectors were struck, and command a premium." Smith was a Philadelphia coin dealer who later became a wine merchant and moved to Michigan. He struck a deal with the Mint during the early 1880s, buying up many of the unsold silver and minor proof sets at the end of each year at face value. After his death, hundreds of proof sets from this era surfaced in his estate. The coins were marketed in a number of auctions and private sales by M.H. Bolender and Wayte Raymond from the mid-1930s through the mid-1940s.

    The Mint issued silver proof sets both with and without the Trade dollar in 1882, as evidenced by contemporary auction citations. The sets began appearing at auction at least as early as the Thomas Warner Collection (S.H. & H. Chapman, 6/1884). Lots 3196 and 3197 were both comprised of silver and minor proof sets, with identical descriptions, "1882. Brilliant proof set. Both dollars. 8 pieces." The lots sold for $4.50 and $4.25, both going to "Stone", a pseudonym for prominent collector John G. Mills. The current price realized record for any 1882 Trade dollar belongs to the PR67 Ultra Cameo NGC specimen in lot 878 of the Atlanta Signature (Heritage, 4/2006), which brought $46,000.

    The coin offered here is a magnificent PR68 Cameo example, the single-finest certified at PCGS in any level of contrast designation. The 1882 Trade dollar was not a well-struck issue, and many examples seen show a soft strike on Liberty's head and the upper stars. This delightful specimen shows full radials on all stars and just the slightest softness on Liberty's hair. The other design elements are sharply detailed throughout. The frosty devices contrast boldly with the deeply mirrored fields, producing a stunning cameo effect. The impeccably preserved surfaces are enhanced by shades of low-intensity pale gold toning, with a few hints of electric-blue at the peripheries. Overall visual appeal is terrific. The Registry Set enthusiast will find no suitable replacement for this spectacular coin. Population: 1 in 68 Cameo, 0 finer. CAC: 1 in 68, 0 finer (11/18).
    From The Greensboro Collection, Part VII. (Registry values: N7079)

    Coin Index Numbers: (NGC ID# 27YU, PCGS# 87062)

    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: 21
    Lot Tracking Activity: N/A
    Page Views: 1,076

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