PCGS: The Standard for the Rare Coin Industry

1885 T$1 Trade (Proof)

Series: Trade Dollars 1873-1885

Ex Eliasberg Collection<BR>PR65 PCGS estimated grade<BR>Image courtesy of <a href="http://www.stacksbowers.com" target="_blank">Stack’s/Bowers</a>

Ex Eliasberg Collection
PR65 PCGS estimated grade
Image courtesy of Stack’s/Bowers

PCGS #:
7065
Designer:
William Barber
Edge:
Reeded
Diameter:
38.10 millimeters
Weight:
27.20 grams
Mintage:
5
Mint:
Philadelphia
Metal:
90% Silver, 10% Copper
Major Varieties

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 Learn More

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
Survival Estimate
All Grades 3
60 or Better 3
65 or Better
Numismatic Rarity
All Grades R-9.8
60 or Better R-9.8
65 or Better R-10.1
Relative Rarity By Type All Specs in this Type
All Grades 1 / 13
60 or Better 1 / 13
65 or Better 1 / 13
Relative Rarity By Series All Specs in this Series
All Grades 1 / 13
60 or Better 1 / 13
65 or Better 1 / 13

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PR63 Estimated grade Adams
2 PR62 PCGS grade Farouk-Norweb
3 PR60 estimated grade Olsen-Young-French
#1 PR63 Estimated grade
Adams
#2 PR62 PCGS grade
Farouk-Norweb
#3 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.