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Message:: [QUOTE="johnmilton, post: 24657008, member: 101855"]I have been looking for a Proof Trade Dollar for some time. When I was a dealer, the other dealers always wanted too much. I wanted a piece that had not been dipped. This one is NGC graded PR-64. I bought this one in the recent Heritage sale. It is an 1881, which is a "common date" among Proof Trade Dollars with a Proof only mintage of 960. I have two pictures of this coin, the Heritage Photos and my photos neither captures how it looks in person exactly, but each has their merits. My is "juiced," but it's hard to get the Proof surfaces from my limited equipment. The Heritage photos [ATTACH=full]1571255[/ATTACH] My juiced photos [ATTACH=full]1571258[/ATTACH] These late date Trade Dollars were made after the government determined that the coin posed a threat to the domestic economy. The problem was they were met for trade abroad, mostly Asia, and not here. Extensive use of them in the U.S. economy would have resulted in rapid inflation. The trouble is people put them into domestic circulation, even after the U.S. Government took away their legal tender status. A vicious cycle occurred when they were traded at less than a dollar each, even in numismatic auctions! Slippery employers palmed them off on unsuspecting workers who found out that the coins were not worth a dollar, even though it said "Trade Dollar" on them. Dave Bowers wrote that the coin collectors of the period were not fans of these coins. They didn't sell for strong prices and a fair number of them were spent. Here is the Mint State coin that was included in my type set. [ATTACH=full]1571259[/ATTACH][/QUOTE]

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