1880 Proof Trade Dollar

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The 1880 proof trade dollar from the Legend Collection of Proof Trade Dollars.  This coin is graded PCGS PF66 and has a population of thirty with only five higher.

 

Mintage

1,987 Proofs

 

Coinage Context

No business strikes made: As in all years 1879-1885, the only trade dollars made were Proofs. This year set a record for Proof trade dollar mintage.

 

Trade dollars continue their reverse flow: During 1880 trade dollars of earlier dates continued to come back to the United States, primarily through the London and other European markets.

 

 

Numismatic Information

Proof coinage sets record: The popular speculation in Proof-only trade dollars continued and peaked in March 1880, as the following delivery figures indicate: January, none, February 488, March 777, April 201, May 58, June 50, July 20, August 25, September 30, October 27, November 40, and December 271. By year’s end some 1,987 Proofs had left the coining press, a record for the denomination.

 

Availability of Proofs today: Most of the Proofs still exist, perhaps 1,300 to 1,700 of the 1,987 coined. They are readily available in various grades from Proof-60 to Proof-65 or better. Very occasionally a worn example, such as an Extremely Fine coin (technically graded Proof-40 or 45), will come on the market—a piece which was spent by some numismatist who could not wait for his investment to mature (actually, any profits went to the next generation of owners).

 

 

Varieties:

OBVERSE TYPE II, RIBBON ENDS POINT DOWN, 1876-1885

REVERSE TYPE II: NO BERRY BELOW CLAW, 1875-1885

 

Proofs:

1. With top of 1 in date below G of GOD. Crossbar of 4 in 420 is perfect (compare to No. 2 below).

 

2. With top of 1 in date below GO of GOD. The reverse of some specimens has these characteristics: No projection or right side to crossbar of 4 in 420 (but a tiny dot-like remnant is visible); lower right serif of first L in DOLLAR is flat on the top (as normal), but the second L has a rounded top (abnormal). This is the variety most often seen.

 

 

1880 TRADE DOLLAR: MARKET VALUES

 

Click Here for Current Values

 

Year

Imp. P.

Proof

1880

---

$1.25

1885

---

1.50

1890

$1.10

1.25

1895

1.10

1.25

1900

1.10

1.25

1905

1.10

1.25

1910

1.25

1.50

1915

1.25

1.50

1920

1.40

1.75

1925

1.75

2.00

1930

2.00

2.25

1935

2.50

3.00

1940

3.00

5.00

1945

5.50

11.00

1950

7.00

15.00

1955

13.00

27.50

1960

30.00

60.00

1965

120.00

250.00

1970

170.00

350.00

1975

475.00

1250.00

1980

850.00

2500.00

1985

1250.00

3200.00

 

 

Year

Imp. P.

P-60

P-63

P-64

P-65

1986

$1000

$1260

$2400

$5000

$9050

1987

950

1100

2600

3600

9400

1988

950

1100

2900

5250

10000

1989

1025

1350

3200

6200

14200

1990

875

1200

2400

5250

9750

1991

900

1250

1700

2900

7300

1992

900

1250

2000

3250

6750

1993

         

1994

         

1995

         

 

 

 

SUMMARY OF CHARACTERISTICS

1880

PROOFS:

Enabling legislation: Act of February 12, 1873

 

Business strike mintage: None

 

Designer: William Barber

 

Weight: 420 grains

 

Composition: .900 silver, .100 copper

Melt-down (silver value) in year minted: $0.9019

 

Dies prepared: Obverse: at least 2; Reverse: at least 2

 

Proof mintage: 1,987; Delivery figures by month: January: none; February: 488; March: 777; April: 201; May: 58; June: 50; July: 20; August: 25; September: 30; October: 27; November: 40; December: 271.

 

Characteristics of striking: Usually seen with areas of lightness, particularly at the top of the obverse—the stars and the head of Miss Liberty.

 

Approximate population Proof-65 or better: 212+/- (URS-9)

 

Approximate population Proof-64: 322+/- (URS-10)

 

Approximate population Proof-63: 312+/- (URS-10)

 

Approximate population Proof-60 to 62: 345+/- (URS-10)

 

 

COMMENTARY: The 1880 trade dollar is a Proof-only issue made for collectors. No business strikes were produced. 1880 had the highest Proof mintage of any date of the trade dollar denomination.