On the reverse is an arabesque design with the Chinese symbol for longevity in the center, and the denomination in two languages - Chinese and Jawi Malay. Trade dollars are silver coins minted as trade coins by various countries to facilitate trade with China and the Orient. The 1921-B dollar was struck but never released for circulation, and only a limited number of 1934-B and 1935-B coins were released. 55 Foreign banks were established and large silver coins from all over the world began arriving to pay for tea, silk and Chinese porcelain to be shipped abroad. Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Ending Nov 29 at 6:10PM PST 9d 14h. Following the establishment of Spanish Philippines as part of the Spanish East Indies in the Spanish colonial empire, Manila (in the modern area of Intramuros) became an entrepôt for Chinese goods in one direction and Spanish silver dollar, from across the Pacific to the Spanish-held mints and silver mines of Mexico, Peru, and Bolivia, in the other. However, if you look closer you can see some inconsistencies in the strike. The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. This was reduced to 24.3 grams in 1895. These coins were made of the same 90% silver alloy as standard silver dollars, but were slightly larger and heavier. Image not available. Most of the 1873 production was exported to China, and in October of that year, the Tongzhi Emperor had an assay test conducted on the coins. Detailed information about the coin 1 Trade Dollar, Meiji, Japan, with pictures and collection and swap management : mintage, descriptions, metal, weight, size, value and other numismatic data The existence of trade dollars came about because of the popularity of the silver Spanish dollar in the Far East, such as in China, East Asia, and the East Indies. Free shipping . In fact, the eagle on the trade dollar's reverse looks quite similar to the peso's. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Uncirculated coins with a grade of MS 63 can sell for around $1,600. The mint mark "C" can be found in the ground between the left foot of Britannia and the base of the shield, while the mint mark "B" is located in the center prong of the trident. History of the Trade Dollar . 1877-S NGC Almost Uncirculated 58 Trade Dollar. 1877 S TRADE DOLLAR XF DETAILS . On the reverse you can see an overall weakness and depth of the design features, letters, etc. [6], The coin was designed by William Barber, the mint's chief engraver. These IDs are a simple organization of all coins prior to variety attribution and grading. In extremely fine condition the value is around $300. Was: $345.00. The series includes significant rarities such as the 1884 and 1885 Trade Dollars. High Grade: The Manila-Acapulco Galleon Trade, led from the 16th Century onwards to the wide circulation of "pieces of eight" as a standard of trade in the Far East. $324.30. 1877 $1 Silver Trade Dollar . Total Graded: Trade Dollars were struck for circulation for less than five years during the period from July 1873 to April 1878. 1877 trade t$1 pcgs ms 65. $419.99. C $374.62. [4], The United States trade dollar is a silver (fineness of .900 or 90%) dollar coin that was issued by the United States Mint and minted in Philadelphia, Pennsylvania, Carson City, and San Francisco from 1873 to 1885. Business strike trade dollars were last produced in 1878 and proof coin production continued until 1885. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. The British Trade Dollars, minted exclusively for use in the Far East, depict Britannia standing on shore, holding a trident in one hand and balancing a British shield in the other, with a merchant ship under full sail in the background. Third party encapsulation is recommended due to the presence of counterfeit Trade Dollars on the market. But after the Straits dollar was introduced to the Straits Settlements in 1903, it became exclusively a Hong Kong coin produced until 1935. C $361.92. The majority of the trade dollars were counterstamped with the character "gin" (Japanese for "silver"). Helpful 0 Not Helpful 0 The value for 1877 Seated Silver Dollar, key date prices and images. More trade dollars were minted in San Francisco than Carson City and Philadelphia combined. Trade Dollars. $322.00. The mintages ranged from a low of 97,000 to a high of more than 9 million. Do you have a 1877worth $9,775? The British Trade Dollar was demonetized on 1 August 1937. ... 1877. In very fine condition the value is around $225. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. The Trade Dollar was struck primarily for the purpose of export trade with Asia. The piastre was initially equivalent to the Mexican peso. $19.95 shipping. 0 bids. 1875-S Silver Trade Dollar NGC AU Details Toned Pretty Rare Great Deal. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. The Japanese trade dollar (1875-1877) was an experiment to enter the Chinese silver trade with coins equivalent to those being imported from southeast Asia, the United States and Mexico. Trade Dollar. USA Coin Book Estimated Value of 1877-S Trade Silver Dollar is Worth $161 in Average Condition and can be Worth $1,064 to $2,236 or more in Uncirculated (MS+) Mint Condition. In some cases, the date on an already manufactured coin die was altered. Coinage Context. These so-called trade dollars would approximate in specification, weight 7 mace and 2 candareens (approx. Despite the poor quality of the image, the above 1874 Counterfeit Trade Dollar is a pretty close match to the authentic 1873 Trade Silver Dollar. Why a dollar today is worth only 4% of a dollar in 1877 Updated: December 12, 2020. 1877-S Trade Silver Dollar T$1 Coin - ANACS AU Detail - Rare Certified Coin! 27.2 grams) and fineness .900 (90%), the Spanish-Mexican coins so long trusted and valued in China. In uncirculated condition the price is around $900 for coins with an MS 60 grade. In the early 1870s, The Treasury Department decided to create a special coin for international commerce. This 1877 US Trade Dollar was minted in San Francisco, it is ANACS certified and encapsulated: Certified authentic by ANACS & sonically sealed in an acrylic holder to protect and preserve its condition. Coin Date: 1877: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: P: Mint Location: Philadelphia: Mintage: 3,039,200: Coinage Type: Trade dollar: Coinage Years: 20 watching. Free shipping . 1877 S T$1 MS. NGC Universal ID: 253E. It is 4 grains heavier than the Mexican peso; however, the peso is .903 silver. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. The NGC Universal ID is a four digit alphanumeric that groups coins based on a unique combination of date, mintmark, denomination and striking process (MS, PF, or SP). Deep color over what appear to be very nice surfaces save for some hairlines. Status of the trade dollar: By 1877 the Act of July 22, 1876 demonetizing the trade dollar was old business, trade dollars circulated within the United States only at a discount from face value, and coinage was intended solely for export to the Orient. 0 bids. Free shipping. Defeated in the First Opium War, China was forced to open its ports to foreign trade, and in the late half of the 19th Century Western nations trading with China found it cheaper and more expedient to mint their own coins, from their own supplies of silver, than to continue to use coins from Mexican sources. 1877-S Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! Low Grade: These include 1897-B over 1896-B, 1900-B over 1894-B, 1901-B over 1900-B, 1909-B over 1908-B, 1904-B over 1898-B, 1903-B over 1902-B, 1908-B over 1903-B, 1904-B over 1903-B, 1929-B over 1901-B, 1908-B over 1907-B, and 1910-B over 1900-B. $550.00. The United States Congress authorized the U.S. Mint to create a trade dollar to improve trade with the Orient, China in particular. 1877 Trade Dollar. The loser, China, had to open up a number of ports to British trade and residence, and cede Hong Kong to Britain. 49.9 √14 days easy returns stamp 1877 trade dollar coins, where they were readily accepted a! 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