February Pre-Long Beach (#67) 01/29/2012 10:00 AM PST CLOSED! Buyers Premium of 17.50% added to each and every lot

Lot 2593 of 5019:
1882 Trade Dollar. NGC PF58  

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Lot closed - Winning bid:$1,250
Description:

1882. NGC graded Proof 58. A slightly circulated example of this proof only year. A total of 1,097 coins struck. By the later-1870s, it became clear to everyone except congressmen that America's Trade Dollar experiment was a failure. Many of these non-monetized coins remained at home instead of circulating abroad, as had been the primary intent. This caused untold grief to workers and small businessmen. Eventually, the wheels of congress began turning: after 1878, only Proofs were struck, exclusively for collectors. And finally, in 1887, our "Coconuts on the Hill" (as H. L. Mencken called these erstwhile DC. gentlemen) put an end to the Trade Dollar experiment.
Estimated Value $900 - 1,000.

Categories: Dollars

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