1878 S Trade Dollar - NGC AU Details

Description: This 1878 S Trade Dollar is a beautiful addition to any coin collection. With a grade of AU Details and certification from NGC, it has a choice appearance that is sure to impress. Minted in San Francisco and composed of 0.9 fineness silver, this coin features a business strike type and has circulated throughout its lifetime. The dollar denomination and coin type make it a valuable piece for any collector of US coins. Its country of origin is the United States and it is a part of the Trade Dollars (1873-85) category, as well as the Dollars and Coins: US categories. Add this stunning silver coin to your collection today. NGC AU Details. The United States Trade Dollar was a silver coin minted primarily for trade with East Asia in the late 19th century. It was authorized by the Coinage Act of 1873 and was intended to compete with other trade coins, particularly the Mexican peso, which was widely accepted in the Far East.Here are some key points about the United States Trade Dollar coinage:Design: The obverse of the coin featured a seated Liberty figure while the reverse depicted a wreath encircling the denomination. The design was created by William Barber, who was the Chief Engraver of the United States Mint at the time.Specifications: The Trade Dollar was larger and heavier than the standard U.S. silver dollar. It contained 420 grains (27.2 grams) of silver, compared to the 412.5 grains (26.7 grams) in the standard silver dollar.Purpose: The primary purpose of the Trade Dollar was to facilitate trade with China and other Asian countries. American merchants used the coins to purchase goods, particularly tea, silk, and other commodities.Legal Tender: While the Trade Dollar was primarily intended for use in foreign trade, it was also legal tender within the United States. However, it was not widely circulated domestically and was mainly used in the West Coast states where trade with Asia was more prevalent.Decline: The Trade Dollar faced several challenges during its circulation. Counterfeiting was a significant issue, and there were concerns about its impact on the domestic silver supply. Additionally, the demonetization of silver in the United States under the Coinage Act of 1873 led to a decline in demand for the coin. By the mid-1870s, the U.S. government ceased minting Trade Dollars for circulation.Collectibility: Despite its relatively short period of circulation, the Trade Dollar is highly collectible today. Many numismatists are drawn to its historical significance, unique design, and relatively low mintage numbers compared to other U.S. coins of the era.Overall, the United States Trade Dollar remains an interesting and sought-after piece of American numismatic history, representing a time when the United States sought to expand its economic influence in the global marketplace.

Price: 895 USD

Location: Palm Beach Gardens, Florida

End Time: 2024-08-06T23:37:41.000Z

Shipping Cost: 0 USD