1882 T$1 Trade (Proof)

Series: Trade Dollars 1873-1885

PCGS PR67

PCGS PR67

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PCGS PR67

PCGS PR67

PCGS PR67

PCGS PR67

PCGS #:
7062
Designer:
William Barber
Edge:
Reeded
Diameter:
38.10 millimeters
Weight:
27.20 grams
Mintage:
1,097
Mint:
Philadelphia
Metal:
90% Silver, 10% Copper
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 950 R-5.1 11 / 13 11 / 13
60 or Better 875 R-5.2 11 / 13 11 / 13
65 or Better 175 R-7.2 8 / 13 TIE 8 / 13 TIE
Survival Estimate
All Grades 950
60 or Better 875
65 or Better 175
Numismatic Rarity
All Grades R-5.1
60 or Better R-5.2
65 or Better R-7.2
Relative Rarity By Type All Specs in this Type
All Grades 11 / 13
60 or Better 11 / 13
65 or Better 8 / 13 TIE
Relative Rarity By Series All Specs in this Series
All Grades 11 / 13
60 or Better 11 / 13
65 or Better 8 / 13 TIE

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PR67 PCGS grade PCGS #7062 (PR)     67
1 PR67 PCGS grade
1 PR67 PCGS grade
1 PR67 PCGS grade
1 PR67 PCGS grade
1 PR67 PCGS grade
1 PR67 estimated grade
1 PR67 estimated grade
1 PR67 estimated grade
10 PR66 PCGS grade PCGS #7062 (PR)     66
PCGS #7062 (PR)     67 #1 PR67 PCGS grade
#1 PR67 PCGS grade
#1 PR67 PCGS grade
#1 PR67 PCGS grade
#1 PR67 PCGS grade
#1 PR67 PCGS grade
#1 PR67 estimated grade
#1 PR67 estimated grade
#1 PR67 estimated grade
PCGS #7062 (PR)     66 #10 PR66 PCGS grade
Q. David Bowers: The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993):

Coinage Context

Only Proofs minted: For the fifth year in a row, the only trade dollars minted at Philadelphia were Proofs. The mintage figure of 1,097 Proofs was nearly equal to the number (1,100) of silver Proof sets made of other denominations from the dime to the Morgan dollar.

Earlier-dated trade dollars continued to flow into the United States from foreign countries, particularly Europe.

Numismatic Information

Proof data: By year's end 1,097 Proofs had been struck, the third highest Proof mintage in the series, and one of just three Proof production quantities to break the 1,000 mark. Demand for them seems to have been heaviest earlier in the year, as the monthly production figures indicate: January: none; February: 393; March: 277; April: 49; May: 70; June: 23; July: 30; August: 10; September: 20; October: 20; November: 40; and December: 165. There is the possibility that some may have been melted, possibly part of the December mintage.

Availability of Proofs today: Examples are readily available and are very popular due to the overall low mintage figure. Many are flatly struck. Walter H. Breen suggests that this may have been due to a deteriorating hub used to produce the die.

Varieties:

OBVERSE TYPE II, RIBBON ENDS POINT DOWN, 1876-1885
REVERSE TYPE II: NO BERRY BELOW CLAW, 1875-1885

Proofs:

1. Normal issue: Breen-5828. Often seen with flat head and stars, as in 1881. Reverse die also used in 1881, with incomplete leg feathers.

1a. Some specimens seen by the author have pronounced die doubling at the bases of some of the letters in the inscription 420 GRAINS, 900 FINE, particularly evident at FI and E of FINE. This die was also used in 1883.

1b. Another 1882 reverse as the right crossbar extension of the 4 in 420 on the reverse so faint as to be almost non-existent, second L in DOLLAR is normal (not the reverse die used in 1880 with defective second L).

Dies prepared: Obverse: Unknown; Reverse: 3 or more (one of which was leftover from 1881)
Proof mintage: 1,097. Delivery figures by month: January: none; February: 393; March: 277; April: 49;' May: 70; June: 23; July: 30; August: 10; September: 20; October: 20; November: 40; December: 165.

Characteristics of striking: Often lightly struck with flat head and stars.

Commentary

This was a Proof-only issue made for collectors. No business strikes were produced.