Heritage World Coin Auctions
FUN Signature US Coin Sale 1251 4-6 & 8-9 Jan 2017
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Trade Dollars
1877-CC T$1 MS64 PCGS. CAC. By 1877, the Trade dollar had gone from lauded to loathed. With bullion prices in freefall, depositors could exchange 90 cents' worth of silver for a coin inscribed ONE DOLLAR and pocket the difference, despite the government's move to revoke the denomination's legal tender status in July 1876. Western merchants were vocal in expressing their objections to the circulation of Trade dollars and before long, in 1879, the production of business strikes would cease altogether.
From a mintage of 534,000 coins, this piece is one of the few high-end representatives remaining. Splashes of blue, orange, and magenta occur over surfaces that are otherwise silver-gold. Planchet roughness and die erosion tend to be the rule for this issue; fortunately, this near-Gem is free of such characteristics. Well-struck with minor shallowness over the typical areas, this coin retains vibrant luster and spectacular visual appeal.
Ex: Purchased by Eugene Gardner from Legend Numismatics (4/2007); Eugene H. Gardner Collection, Part II (Heritage, 10/2014), lot 98620.
From The Sounder Collection, Part II.
1877-CC T$1 MS64 PCGS. CAC. By 1877, the Trade dollar had gone from lauded to loathed. With bullion prices in freefall, depositors could exchange 90 cents' worth of silver for a coin inscribed ONE DOLLAR and pocket the difference, despite the government's move to revoke the denomination's legal tender status in July 1876. Western merchants were vocal in expressing their objections to the circulation of Trade dollars and before long, in 1879, the production of business strikes would cease altogether.
From a mintage of 534,000 coins, this piece is one of the few high-end representatives remaining. Splashes of blue, orange, and magenta occur over surfaces that are otherwise silver-gold. Planchet roughness and die erosion tend to be the rule for this issue; fortunately, this near-Gem is free of such characteristics. Well-struck with minor shallowness over the typical areas, this coin retains vibrant luster and spectacular visual appeal.
Ex: Purchased by Eugene Gardner from Legend Numismatics (4/2007); Eugene H. Gardner Collection, Part II (Heritage, 10/2014), lot 98620.
From The Sounder Collection, Part II.