The
only trade dollars to emerge from the Philadelphia Mint in 1878 were Proofs
struck solely for collectors, though coins intended for commerce were still
struck in Carson City and San Francisco. Of the 900 Proof specimens minted in
1878, just 683 were initially sold, leaving 219 examples to be distributed in
1879 for bullion or possibly even face value. As a result, many impaired Proofs
are known today. While it has survived
in great numbers, the vast majority of 1878 Proof trade dollars are in grades
of Proof-64 and below, and feature minor infractions like hairlines and trivial
blemishes.
The gorgeous
Proof-66 (PCGS) example offered in lot 3091 of our March 2017 Baltimore Auction
is among the most pristine survivors. Superlative Gem examples like this piece are
truly exceptional, and PCGS has graded just six coins finer within all
designations combined.
Pewter-grey
and pinkish tones are seen on the devices, enveloped in deep iridescent violet,
sea green, and midnight blue in the fields. The contrast is considerable
between the frosty luster of the devices and the surrounding reflectivity, and both
are entirely undisturbed. A bit of softness is apparent to the most prominent
elements on each side, though the balance of the motifs are sharp and boldly
rendered. This trade dollar only increases in beauty with continued
examination.
This
lovely Proof 1878 trade dollar will be featured among other rarities in our
March 2017 Official Auction of the Whitman Coin & Collectibles Expo,
featuring the Blue Moon Collection and sold in conjunction with the D. Brent
Pogue Collection Part V. View the entire sale or download a catalog pdf at
StacksBowers.com.
