The Trade dollar was not produced in business-strike format after 1878, but the Philadelphia Mint coined a limited number of proof coins every year to satisfy collector demand. This led to a short-lived speculation in Trade dollars that crested early in 1880, leading to a series-record proof mintage of 1,987 pieces that year. By 1881, the demand had dropped off considerably, and only 960 proof Trade dollars were struck. In addition to the smaller mintage, the 1881 issue was plagued by poor workmanship, and most examples seen show areas of flatness on Liberty’s head and the upper stars, due to improper spacing of the dies. One of the reverse dies was lapped, resulting in a loss of detail in the eagle’s feathers. Few examples show the desirable Cameo effect. This particular survivor is color-free, with clear, deeply reflective mirrors and loads of eye-appeal.
The NGC population is 11 with 3 graded higher.
Offered at $19,620 (ACH, Bank Wire, add 3.5% for Major CC & PayPal)
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