Description and Analysis

Trade Dollars
1878 T$1 PF

Description & Analysis

By 1878, the Trade dollar was on its way out. While the San Francisco Mint struck over 4 million business strike Trade dollars this year, the Philadelphia Mint was busy striking the new Morgan dollar and did not issue any Trade dollars for circulation. Instead, only 900 proofs were struck for collectors. Many of those proofs were tucked away by collectors of the time and have survived until today. In fact, to date, NGC has graded over 300 examples of this issue.