1875-S T$1 MS (PCGS# 7039)

2012 March 8-11 US Coin Signature Auction - New York #1168

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3567
  • Grade:
    MS66
  • Price:
    $12,075.00
Lot Description
1875-S T$1 MS66 NGC. Type One Reverse. Large S. The 1875-S has the highest mintage in the Trade dollar series, and it is the most available issue in Uncirculated grades. That being said, of the 4.4 million pieces struck the vast majority were either distributed on the West Coast and circulated, or sent to the Orient (this is predictably the most common chopmarked Trade dollar). Today several dozen Gems are known, but above that level there are extraordinarily few examples that qualify for higher grades. In the case of MS66 coins, NGC has only certified six coins with none finer, and PCGS has certified eight pieces in this grade with only three finer (1/12). An uncommonly high grade for the type. The surfaces are highly lustrous and display only wispy field abrasions. Both obverse and reverse display subtle iridescence, a sign of originality, and there is slight deepening of the color at the margins. The strike is the only weakness on this piece. The peripheral stars and head of Liberty are softly detailed, but in the overall scheme of things this is a minor consideration.
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