Circulated Proof Trade Dollar

I bought this proof Trade Dollar to add to my collection knowing I will never be able to afford the higher graded proofs.I wonder who put in circulation ?

 

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That was a lot of money back then.

Then again, it costs a lot of money today.

So, perhaps all is equal.

 

Yes,back in 1880 someone may not have know it was a proof & spent it @ face value ,sad it got in this condition but @ least it was noticed along the way & pulled out of circulation.

 

It would have been hard to spend it back then, because most people would not accept them. After 1876 the price of silver plummeted, and people could buy them for melt value, sometimes about 80¢, and give to an unknowing person for $1. So Congress revoked their legal tender status.

I know that sounds vague, so if I needed to be corrected or added on to please do so. More than likely it was a pocket piece.

 

Beautiful! :thumb:

Ribbit

 

That would make sense 20 cent profit back then was a good deal.I think British Bankers also bought bulk trade dollars from the mint & hoarded them till the price of silver rose,also many were used by the British in the orient & were chop marked.

 

Now that would be cool to see a chop marked circulated proof.

Very nice coin even without the chop marks.

 

Thanks,got it from Albanese Coins many years ago.About all I could afford from his stock of gems.

 

That's a very interesting piece, and something you sure don't see every day!

 

To me, circulated or impaired proofs are sad and undesirable, but can be decent "hole fillers". These low mintage late-year trade dollars are readily available and reasonably priced IMO.

 

I agree with you ,it is sad to see a proof impaired.They are not cheap though in 45 or higher for the average collector & I wouldn't buy one that wasn't in a reputable holder IMO.

 

I wouldn't buy one that wasn't in a reputable holder IMO.

I wouldn't buy one hat wasn't at least a PF63

 

What is the price of a 1880 PR 63 ?

 

Probably too rich for my blood...

 

Grey Sheet is $2,700.

 

Cool coin!!!

 

Is that DM ? or DCAM ?

 

I like the way that pr45 coin looks. Looks better than the one the local shop has.

 

Huh? I'm not sure what you mean by 'DM'.

PL = Proof-like
DMPL = Deep Mirror Proof-like
Cam = Cameo
DCam = Deep Cameo
And then you have Ultra Cameo

 

I was asking if the gray sheet price you quoted was for a 1880 was for a PR63 DCam,