1875 Trade Dollar
The 1875 is the third issue in the Proof trade dollar series of 1873 to 1883, and it has a mintage of 700 pieces. The delivery comprised coins of both the Type I/I and Type I/II hub combinations; the former is by far the more elusive in numismatic circles. The easiest way to identify the Type I reverse hub is by the presence of a berry on the olive branch directly below the eagle's left talon. Although often overshadowed by their Proof-only counterparts of 1878 to 1883, the early Proof trade dollars such as the 1873, 1874 and 1875 are actually scarcer in today's market, and also more challenging to locate in grades above Proof-64. The Proof 1875 is even more desirable due to its association by date and issuing mint with the low mintage circulation strike 1875, an issue with just 218,200 pieces produced. While gems are a bit more available than the 1873 and 1874, they remain scarce, with most pieces falling into the Choice PR-62 to 64 categories. Cameos are found on 25-30% of the certified pieces.
The example to the left was sold by Stack's Bowers Galleries in the May 2019 Collectors Choice Online Auction, where it realized $7,800.