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SERIES:
Trade Dollars 1873-1885
LEVEL:
Year, MintMark, & Major Variety
1885 T$1 Trade (Proof)
Ex Eliasberg Collection
PR65 PCGS estimated grade
Image courtesy of
Stack’s/Bowers
PCGS #:
7065
Diameter:
38.10 millimeters
Designer:
William Barber
Weight:
27.20 grams
Edge:
Reeded
Mintage:
5
Metal Content:
90% Silver, 10% Copper
Auction Record:
$1,006,250 • NGC PR62 • 11-28-2004 • David Lawrence RC
Show All Related Coins and Varieties
Hide All Related Coins and Varieties
Major Varieties
1885 T$1 Trade
1885 T$1 Trade, CA
Show Plus Grades
60
1,450,000
60
61
1,750,000
05/03 ST
$920,000
61
62
2,000,000
1
11/04 DL
$1,006,250
62
63
-
63
63+
2,200,000
63+
65
3,750,000
65
Price Guide
PCGS Population
Auction Results - PCGS Graded
Auction Results - NGC Graded
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 (
Explain
)
Grades
Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades
3
R-9.8
1 / 13
1 / 13
60 or Better
3
R-9.8
1 / 13
1 / 13
65 or Better
0
R-10.1
1 / 13
1 / 13
Condition Census (
Explain
)
Pos
Grade
Thumbnail
Pedigree and History
1
PR65 PCGS Estimated grade
Atwater-Eliasberg-Legend
2
PR63 Estimated grade
Adams
3
PR62 PCGS grade
Farouk-Norweb
4
PR61 PCGS grade
Granberg-Green-Carter-Worrell-Lipton-Hall/Simmons
5
PR60 estimated grade
Olsen-Young-French
Condition Census (
Explain
)
Show fewer rows
Pos
Grade
Thumbnail
Pedigree and History
1
PR65 PCGS Estimated grade
Atwater-Eliasberg-Legend
2
PR63 Estimated grade
Adams
3
PR62 PCGS grade
Farouk-Norweb
4
PR61 PCGS grade
Granberg-Green-Carter-Worrell-Lipton-Hall/Simmons
5
PR60 estimated grade
Olsen-Young-French
Ron Guth
:
A complete roster of all five known examples (with assistance from P. Scott Rubin):
The Granberg Specimen
William Idler
John Hasletine
H.O. Granberg Collection
B. Max Mehl 7/1913:392, $1,140
Unknown intermediaries
Col. E.H.R. Green
B.G. Johnson
Jack Roe
B. Max Mehl 6/1945:628, $1,275
Jerome Kern Collection
B. Max Mehl 5/1950:897, $1,450
Amon Carter, Jr. Collection
Stack's 1/1984:441, $110,000
Kevin Lipton
Superior 8/1984:192, $90,750
Fred Fredericks
Hoffecker Collection
Superior 2/1987:1446B, $96,250
Euguene Worrell Collection
Superior 9/1993:1325, $242,000
Rudoplh Collection
Stack's 5/2003:2175, $920,000
Louis Eliasberg Specimen
Atwater
Collection
B. Max Mehl 6/1946:378, $1,450
Louis Eliasberg Collection
Stack's/Bowers & Merena 4/1997:$907,500
Jay Parrino
Purchased in a private transaction in late 1999 for $1,500,000 by Legend Numismatics
Sold privately in January 2006 by Heritage Galleries for a reported $3.3 million
Adolphe Menjou Specimen
B.G. Johnson
R. Green
Clint Hester
B. Max Mehl's 6/1950:897, $1,350, billed as the Adolphe Menjou Collection, but really not
Ben Stack
W.G. Baldenhofer Collection
Stack's 11/1955:1040, $4,000
Private Collection
Julian Leidman/Mike Brownlee/Hugh Sconyers
Jim Halperin at
New England
Rare Coin Galleries c. 1974, $115,000
John Kamin
Private Collection
King Farouk Specimen
King Farouk Collection
Sotheby's 2/1954:1680, $1,665
Ambassador R. Henry and Mrs. Emery May Norweb
Bowers & Merena 3/1988:1848, $121,000
Dan Drykerman (American Coin Portfolios)
Private
New York
Collection
Sold privately by Bowers & Merena in 1992
New York Private Collection
Richmond
Collection
David Lawrence 11/2004, $1,006,250
Fred Olsen Specimen
Fred Olsen Collection
B. Max Mehl's 11/1944:1767, $1,150
George Ewalt
Stack's 11/1965, $11,000
Leo Young
RARCOA's session of Auction'80:1626, $110,000
Julian Leidman c. 1980, $125,000
Mike Follett
Private Collection
RARCOA's session of Auction '84:1810, $96,250
John Rowe III
L.R. French Collection
Stack's 1/1989, $104,500
Charles Barasch (International Coins & Currency) c. 1992
Private Northeast Collection
P. Scott Rubin
: The 1885 Trade Dollar is one of the rarest issues in all U.S. coinage. The total mintage is only five Proof examples. All five coins are known today, but the 1885 Trade Dollar was not known to exist until almost twenty-five years after its striking. To some, this gave the impression that these five coins were not made in the year of issue, but were made later for collectors as an additional year-ending design of the Trade Dollar series. Research by Carl Carlson in the papers of Charles Barber, the coins' designer, proved that both the 1884 and 1885 Trade Dollars were in fact produced in the years they were dated.
The first year that an example of the 1885 Trade Dollar appeared at auction was 1913, but it was not until 1954 that the last of these five coins appeared. During that time period, the coin never sold for more than $1,600. By the 1980’s, 1885 Trade Dollars were selling for six figures, and in its last public auction appearance in 2004, the same coin that was the last of the five to appear at auction (The King Farouk specimen) sold for over a million dollars. In 2006, Heritage Galleries sold the Atwater specimen in a private sale for a reported $3,300,000 and the 1885 Trade Dollar will surely bring more the next time one of these five coins becomes publicly available.
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