Lot 994
1880. NGC graded Proof 66. Nice light blue toning. Only 1,987 struck. A more than moderately bright and lively Gem Proof with strong mirror luster in the field and a confident, no-compromises strike at Liberty, the eagle, and the date and legends. Everything you would want from the grade, and probably then some.
The Trade dollars were caused problems in domestic circulation. Because they were not legal tender. their value as silver bullion was below their face value. After circulation mintage ceased in 1878, Proofs only were still made for collectors in 1879-83. Although Proof mintage ceased after 1883, Congress did not repeal the law authorizing Trade dollars until February 1887. No reason for the delay seems to be given for this in the archival records. Pop 42; 22 finer, 2 in 66 Star, 2 in 66+, 17 in 67, 1 in 68.
Estimated Value $8,500 - 9,000.
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