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The finest-known 1885 Trade dollar – among the rarest and most enigmatic issues in all of American coinage – sold for $3,960,000 through Heritage Auctions Thursday evening, Jan. 10, following a winning bid cast by collector Dell Loy Hansen of Logan, Utah.
For the past 50 years or so, one of the most popular series among U.S. numismatists has been the Morgan silver dollar. Struck between 1878 and 1904 (with a final issue in 1921), Morgan dollars have achieved their popularity due to their large size, attractive design, and widespread availability in Mint State grades at relatively low cost (for common dates).