Heritage World Coin Auctions
Dallas Signature US Coin Sale 1253 4-6 Apr 2017
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Trade Dollars
1878-CC T$1 MS61 NGC. The 1878-CC is the most popular rarity among business strike Trade dollars, largely due to its mintage, which by far is the lowest of the series (97,000 pieces). Moreover, according to mint records, 44,148 undistributed Trade dollars were melted on July 19, 1878. If all these were dated 1878-CC, as is generally assumed, a net mintage of 52,852 was available for distribution.
Paul Green, in a July 12, 2005 Numismatic News article entitled "1878-CC Trade Dollar Was Heavily Melted," brings in an additional factor to help explain the issue's rarity, saying "... the Trade dollar was unpopular and over the next few years, it is likely that a large number of that (net) mintage was destroyed, potentially making it even tougher than the already low mintage."
The MS61 survivor offered in this lot exhibits satiny surfaces that yield a pleasing cameo effect on both sides, with wisps of reddish-tan and sky-blue color at the peripheries, and occasional blushes of light tan-gold in the fields. The design elements are uniformly well-struck, with only portions of Liberty's hair revealing minor softness. Some light handling marks are visible under magnification, slightly more so on the obverse, but none are pronounced enough to detract from the coin's overall eye appeal. Census: 7 in 61, 18 finer (2/17).
Ex: Houston Signature (Heritage, 11/2007), lot 60790.
From The Pellegrini Collection, Part IV.
HID02901242017
1878-CC T$1 MS61 NGC. The 1878-CC is the most popular rarity among business strike Trade dollars, largely due to its mintage, which by far is the lowest of the series (97,000 pieces). Moreover, according to mint records, 44,148 undistributed Trade dollars were melted on July 19, 1878. If all these were dated 1878-CC, as is generally assumed, a net mintage of 52,852 was available for distribution.
Paul Green, in a July 12, 2005 Numismatic News article entitled "1878-CC Trade Dollar Was Heavily Melted," brings in an additional factor to help explain the issue's rarity, saying "... the Trade dollar was unpopular and over the next few years, it is likely that a large number of that (net) mintage was destroyed, potentially making it even tougher than the already low mintage."
The MS61 survivor offered in this lot exhibits satiny surfaces that yield a pleasing cameo effect on both sides, with wisps of reddish-tan and sky-blue color at the peripheries, and occasional blushes of light tan-gold in the fields. The design elements are uniformly well-struck, with only portions of Liberty's hair revealing minor softness. Some light handling marks are visible under magnification, slightly more so on the obverse, but none are pronounced enough to detract from the coin's overall eye appeal. Census: 7 in 61, 18 finer (2/17).
Ex: Houston Signature (Heritage, 11/2007), lot 60790.
From The Pellegrini Collection, Part IV.
HID02901242017