Description and Analysis
1880 T$1 PF
Description & Analysis
The speculative frenzy in proof-only trade dollars peaked this year, as nearly 2,000 proofs were sold. The usual press runs of 50-100 coins at a time were replaced with much larger numbers, particularly during the early months of 1880.
This high mintage is reflected in the availability of proofs today. While common within the context of the series, 1000+ survivors is still a relatively small figure as compared to more popular coins of later vintage. Gems are sufficiently available to be attractive to type collectors, and Cameo examples are also fairly plentiful. As with all dates in this series, however, Ultra Cameo coins are rare.
Two obverse dies were utilized for this large mintage, but there presently exists no interest in collecting proofs by varieties.