This is a PCGS graded coin and you will receive the pictured coin. You are Buying a 1877 Trade Dollar $1 graded Proof 65 CAM by PCGS. This Gem coin offers a degree of quality that is extremely rare among Cameo-designated proofs. The coin has fully struck design elements with contrasting mirrored fields, giving each side a pleasing cameo appearance. Original toning blankets the well-preserved surfaces in hues of ocean-blue and sea-green. No major marks are present and overall eye appeal is excellent. Cameo examples of the proof 1877 Trade dollar represent only a small portion of the surviving population. Most such pieces also grade no finer than PR64.
This is an excellent coins to add to your collection.
Coin Features:
PCGS graded PR65 CAM
Known as a US Silver Trade Dollar
Attractive Toning
Minted mostly for trade with China and conformed to a similar standard of Mexico 8R Silver
Obverse: Liberty Seated Facing West bearing an olive branch. Around Rim 13 Stars. Motto In god we trust.
Reverse: Forward Facing Eagle Bearing Arrows and Olive Branch. Around Rim United States of America Trade Dollar. Motto E Pluribus Unum. 420 grains 900 fine.
Trade Dollars (1873-1885) - As the United States spread across the continent merchants on the west coast were increasingly dependent on trade with nations from the Far East. The preferred medium of exchange in the Orient was the Spanish Milled dollar, most of which were at the time produced in the lucrative Potosi Mints. The Seated dollar used domestically in the U.S. was slightly lighter and contained less silver. This difference forced traders to exchange the U.S. species for the Spanish examples at a premium. Eventually Congress created legislation to create a heavier commercial trade instrument and through the Coinage Act of 1873 the Trade Dollar was born. Traders could deposit silver with the Treasury in exchange for the new dollar. The new coin was meant for export only, but found use in the western states where silver dollars were scarce and paper money equivalents were often not accepted. As the price of silver decreased the Trade dollar was discontinued and in the final years the denomination was produced as Proof Examples. The storied past and the elusive nature of this interesting dollar type makes the Trade dollar popular among modern collectors. Many seek the mutilated examples with Chinese chop marks punched into the surface which denoted the coin having been tested by the Asian merchants.
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