1876 Proof Trade Dollar

Coin Details

Auction Record

$26,450 GEM BR PR 11-12-2001 Stack's

Description

The 1876 Proof Trade Dollar is a proof dollar struck at the Philadelphia Mint, part of the Trade Dollars 1873-1885 series. With a mintage of 1,150, this is an extremely rare issue — the lowest mintage among 4 mint variants, representing only less than 1% of total production. The obverse features Liberty seated facing left, holding an olive branch extended to the viewer, with a sheaf of wheat behind and the reverse displays an eagle perched on a bale of goods, with an olive branch and three arrows. Congress revoked the Trade Dollar's legal tender status for domestic transactions, stranding millions of coins in American circulation at below face value. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $11K. Struck in 90% silver, 10% copper, weighing 27.2 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #7056.