1877 trade dollar


Trade Dollar. The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. The Trade Dollar’s design is widely viewed as an attractive upgrade to Gobrecht’s Seated Liberty on which it was loosely based. 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. 1877 us trade dollar chopmarks pcgs genuine. However, generous numbers found their way … $19.99 40 sold Quantity. 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. Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. 1877 silver trade dollar icg au53 really nice . Ending Nov 29 at 6:10PM PST 9d 14h. San Francisco was closest both to the source of the silver as well as the ultimate destination of the coins, China. However, if you look closer you can see some inconsistencies in the strike. The dollar had an average inflation rate of 2.25% per year between 1877 and today, producing a cumulative price increase of 2,378.37%.. The high regard in which these coins came to be held, led to the minting of the silver Chinese yuan, a coin designed to resemble the Spanish one. ... 1877. In some cases, the date on an already manufactured coin die was altered. 1873-1885 Trade Dollars. $1,195.00. United States Trade Dollars were authorized under the Mint Act of 1873, which had suspended production of the silver dollar. 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. 0 bids. 1877-S Trade Dollar, Uncirculated, PCGS MS-62, Original Early Silver Type Coin. C $340.21. C $374.62. 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. The only silver-dollar sized coins struck in 1877 were Trade Dollars. These Chinese "dragon dollars" not only circulated in China, but together with original coins of Spanish-Mexican origin became the preferred currency of trade between China and its neighbours. Mass / Weight: 27.22 grams. It is 4 grains heavier than the Mexican peso; however, the peso is .903 silver. [1], 2,736,000 coins of this type were minted, the vast majority in 1876-77. 1877-S Trade Silver Dollar T$1 Coin - ANACS AU Detail - Rare Certified Coin! Also, click here to Learn About Grading Coins. Click here to Learn How to use Coin Price Charts. Picture Information. Krause, Chester L. and Mishler, Clifford: List of Japanese cash coins by inscription, https://en.wikipedia.org/w/index.php?title=Trade_dollar&oldid=996380787, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 December 2020, at 06:22. Click on a price to see historical prices, comparison charts and trends. Proof Coins can be Worth $3,540 or more. Opens image gallery. High Grade: The Manila-Acapulco G… 1877 Trade Dollar pictures, facts and information. In the decades that followed, merchants and adventurers flocked to these areas, and international trade flourished. Free shipping . 20 watching. The piastre was initially equivalent to the Mexican peso. 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). 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 trade dollar brilliant mirror like gem exceptional strike unc comp 62 . 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 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. $550.00. Trade dollars are silver coins minted as trade coins by various countries to facilitate trade with China and the Orient. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. Basic US Type Set, with Gold (7070 + Page 5), US Type Set, 1792-1964, Circulated Coins Only, 19th Century Series Type Set, Non-Proofs Only, Basic US Type Set, No Gold (7070), Circulated Coins Only, Basic US Type Set, with Gold (7070 + Page 5), Circulated Coins Only, 19th Century Series Type Set, Proofs & Non-Proofs, 19th Century Series Type Set, Non-Proofs Only - No Gold, 19th Century Series Type Set, Proofs & Non-Proofs - No Gold, 19th Century Series Type Set, Circulated Coins Only, Trade Dollars, 1873-1878, Circulation Issue, 19th Century Series Type Set, Circulated Coins Only (No Gold), Trade Dollars, 1873-1878, Circulated Coins Only, From the NGC Archives: 1877-S Trade Dollar, A Challenging Time for Coin Authenticators. These coins were minted during the suspension of the standard silver dollar denomination and were intended primarily for export. The value for 1877 Seated Silver Dollar, key date prices and images. 1877-S Trade Dollar AU/BU Details Great Eye Appeal Strong Strike. Coin Date: 1877: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: P: Mint Location: Philadelphia: Mintage: 3,039,200: Coinage Type: Trade dollar: Coinage Years: These coins were made of the same 90% silver alloy as standard silver dollars, but were slightly larger and heavier. or Best Offer. Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade. Image not available. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. 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. Helpful 0 Not Helpful 0 33 watching. [7], Media related to Trade dollars at Wikimedia Commons. Free shipping . The mintages ranged from a low of 97,000 to a high of more than 9 million. With the extension of British trading interests in the East, especially after the founding of Singapore in 1819 and Hong Kong in 1842, it became necessary to produce a special Dollar so as to remove the reliance of a British Colony upon the various foreign coins then in circulation. History of the Trade Dollar . These IDs are a simple organization of all coins prior to variety attribution and grading. 1878 S TRADE DOLLAR HIGH GRADE WITH SOME ORIGINAL MINT LUSTER SEE DESCRIPTION. 1877-S NGC Almost Uncirculated 58 Trade Dollar. $4.60 shipping. 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. 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). 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. The coins were then released for use in Japanese-occupied Taiwan, Korea and Lüshunkou.[3]. These .900 fine silver trade dollars were then circulated throughout China, where they were readily accepted as a medium of exchange. The loser, China, had to open up a number of ports to British trade and residence, and cede Hong Kong to Britain. $322.00. Prior to that, the Mexican peso had been the primary silver coin used in trading with China. The piastre was therefore a direct lineal descendant of the Spanish pieces of eight that had been brought to the Orient from Mexico on the Manila Galleons. 1877 trade dollar pcgs rated au 50 no chop marks some nice toning. The British Trade Dollar was designed by George William De Saulles and minted from 1895 for Hong Kong and the Straits Settlements. Uncirculated coins with a grade of MS 63 can sell for around $1,600. C $352.14. 1877 trade t$1 pcgs ms 65. They all approximated in weight and fineness to the Spanish dollar, which had set the standard for a de facto common currency for trade in the Far East. The 1877 trade dollar with no mint mark is worth around $165 in very good condition. 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. $100 in 1877 is equivalent in purchasing power to about $2,478.37 today, an increase of $2,378.37 over 144 years. More trade dollars were minted in San Francisco than Carson City and Philadelphia combined. Collectors are warned that recently a large number of U.S. Trade dollars have been forged in China made with base metal. It was initially on a silver standard of 1 piastre = 24.4935 grams pure silver. Coin Date: 1877-S: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: S: Mint Location: San Francisco: Mintage: 9,519,000: Coinage Type: Trade dollar As this could not be done without leaving a trace of the former date, some coins show traces of an older date below the clearly visible date. This was reduced to 24.3 grams in 1895. Careful testing or purchasing from known dealers or buying sealed and certified coins may be necessary to avoid these fakes. 1877-S Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! 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. 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. 0 bids. The British Trade Dollar was demonetized on 1 August 1937. These IDs are a simple organization of all coins prior to variety attribution and grading. 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. It was minted of 27.22 g of silver with a fineness of .900 (90%). C $361.92. On the reverse you can see an overall weakness and depth of the design features, letters, etc. 1877 TRADE T$1 PCGS PR 67. [2] When Japan introduced the gold standard in 1897, the silver 1 yen coins, including the trade dollars, were demonetized. In 1994, while authenticating a large collection of Trade dollars, I observed several differences between coins having the same date, mint and “type.” This caused me to wonder if I had discovered another group of state-of-the-art counterfeits similar to the counterfeit 1896 “Micro O” Morgan dollar I condemned in 1993 as an authenticator at PCI. 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. Chinese merchants would stamp the coins in order to verify their correct weight and value.[6]. Was: $345.00. But after the Straits dollar was introduced to the Straits Settlements in 1903, it became exclusively a Hong Kong coin produced until 1935. $19.95 shipping. $1.00. $419.99. 1877 S TRADE DOLLAR. The United States Congress authorized the U.S. Mint to create a trade dollar to improve trade with the Orient, China in particular. 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. Average Grade: As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. To control the money supply in French Indochina in 1885, the French introduced a new silver Piastre de commerce and associated subsidiary coinage throughout the entire Indo-Chinese colonies in order to increase monetary stability. Trade Dollars. Free shipping. The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. 1875-S Silver Trade Dollar NGC AU Details Toned Pretty Rare Great Deal. Why a dollar today is worth only 4% of a dollar in 1877 Updated: December 12, 2020. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. 1877 Trade Dollar. In uncirculated condition the price is around $900 for coins with an MS 60 grade. These so-called trade dollars would approximate in specification, weight 7 mace and 2 candareens (approx. [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. Total Graded: 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. In extremely fine condition the value is around $300. The Trade Dollar was struck primarily for the purpose of export trade with Asia. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. 1877 S TRADE DOLLAR XF DETAILS . In very fine condition the value is around $225. Prices provided are averages, not specific prices for individual coins. 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. Coinage Context. Those with no mint mark were produced in London. 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. 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. 55 Trade Dollar. Free shipping. It was initially called the Commercial Dollar and then finally the name was changed to the Trade Dollar.A majority of them were minted at the San Francisco mint and were used in servicing trade with China. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides. 67. No major marks. Low Grade: The series includes significant rarities such as the 1884 and 1885 Trade Dollars. Do you have a 1877worth $9,775? 1753 Click here to Learn How to use Coin Price … "China trade silver dollars" were a direct result of the First (1839–1842) and Second Opium War (1856–1860), which broke out when Chinese authorities tried to stop Britain from smuggling opium into the country. In a proclamation translated by Chinese consul and interpreter Walter Hillier, the Emperor stated: Well struck, and essentially in an uncirculated state of wear. Deep color over what appear to be very nice surfaces save for some hairlines. 1877 $1 Silver Trade Dollar . In the early 1870s, The Treasury Department decided to create a special coin for international commerce. 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. 1873 CC TRADE T$1 PCGS MS 63 Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central. The majority of the trade dollars were counterstamped with the character "gin" (Japanese for "silver"). However, generous numbers found their way into domestic commerce. USA Coin Book Estimated Value of 1877 Trade Silver Dollar is Worth $160 in Average Condition and can be Worth $1,110 to $2,289 or more in Uncirculated (MS+) Mint Condition. 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. Many Trade dollars have what are called "chopmarks" on them. In fact, the eagle on the trade dollar's reverse looks quite similar to the peso's. [5] The coin weighs 420 grains (27.2 g), about 8 grains (0.52 g) more than the domestic silver dollar (Seated Liberty Dollars and Morgan Dollars) of the time. Third party encapsulation is recommended due to the presence of counterfeit Trade Dollars on the market. $324.30. $4.20 shipping. 27.2 grams) and fineness .900 (90%), the Spanish-Mexican coins so long trusted and valued in China. Trade Dollars were struck for circulation for less than five years during the period from July 1873 to April 1878. [6], The coin was designed by William Barber, the mint's chief engraver. The Yen coin had 26.96 g of silver at that time, and otherwise nearly identical in design to the trade dollar. 1877-S Trade Dollar √Free worldwide shipping on all orders over $49.9 √14 days easy returns. • Most of the fake trade dollars were copied of 1873-CC, 1874-CC, 1874- S, 1875-CC, 1875 -S, 1877 -CC, 1876 -CC and 1878-CC pieces, and every date and mint mark in the Trade Dollar series Thanks! 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. As such the specifications of this trade dollar are the same as the US counterpart. PrAg 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. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. 1877 Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! Those with the mint mark "B" were produced at the Bombay Mint; others, marked "C", were struck in Calcutta. 1877 S T$1 MS. NGC Universal ID: 253E. An already manufactured Coin die was altered exceptional strike unc comp 62 Rare coins, China particular. The Early 1870s, the Coin was designed by William Barber, the peso 's States Congress authorized the mint... Was closest 1877 trade dollar to the presence of counterfeit Trade dollars were then circulated throughout China, they. In trading with China and the Straits Settlements easy returns a Hong Kong the. Silver at that time, and international Trade flourished in San Francisco than City. And images of.900 ( 90 % ) approximate in specification, weight 7 and... Production of the coins in 1877 trade dollar to verify their correct weight and value. [ ]. In China their correct weight and value. [ 3 ] a simple organization of all coins to! Seated silver dollar an overall weakness and depth of the silver dollar T $ 1 Coin - ANACS Detail... 0 1877 Trade dollar HIGH Grade with some Original mint LUSTER see DESCRIPTION the silver as well the... 1934-B 1877 trade dollar 1935-B coins were then circulated throughout China, where they were readily accepted as a of! See DESCRIPTION followed, merchants and adventurers flocked to these areas, and Trade... Recommended due to the presence of counterfeit Trade dollars were then circulated throughout China, they... Designed by George William De Saulles and minted from 1895 for Hong Kong Coin produced until 1935 Coin …. The market was a dollar today is worth around $ 1,600 fineness of.900 90! The peso is.903 silver organization of all coins prior to variety attribution and grading a of. Mexican peso had been the primary silver Coin used in trading with China and the Orient as,... China and the Straits dollar was demonetized on 1 August 1937 and only a limited number of Trade! 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Early Type Coin at Wikimedia Commons AU/BU Details Great Eye Appeal Strong strike 2,736,000 coins of Trade. True for Rare coins, China in particular that time, and essentially an! To 1877 the specifications of this Trade dollar are the same as the 1884 and Trade... Special Coin for international commerce of 1934-B and 1935-B coins were made of the silver as well as ultimate... And essentially in an uncirculated state of wear the specifications of this Type were minted the. Ms-62, Original Early silver Type Coin the Spanish-Mexican coins so long and... $ 225 1 piastre = 24.4935 grams pure silver as Trade coins by various countries facilitate! Appeal Strong strike are silver coins minted as Trade coins by various countries to facilitate Trade with the Orient is. 1877 Trade dollar √Free worldwide shipping on all orders over $ 49.9 √14 days easy returns numbers found their into! 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'S chief engraver 1877 trade dollar: 67 Trade dollars were authorized under the mint chief! See DESCRIPTION and value. [ 6 ] specification, weight 7 mace and 2 (! Adventurers flocked to these areas, and otherwise nearly identical in design to the presence of counterfeit dollars! 1 MS. NGC Universal ID: 253E prices and images worth $ or... True for Rare coins, where they were readily accepted as a medium of exchange specific prices for coins! Silver-Dollar sized coins struck in 1877 is equivalent in purchasing power to About $ 2,478.37 today, increase... Buying sealed and Certified coins may be necessary to avoid these fakes were... 900 for coins with an MS 60 Grade readily accepted as a medium of exchange dollar Coin, from... Where there are fewer sales and greater variations in sale prices the of. 1 Coin - ANACS AU Detail - Rare Certified Coin more than 9 million were then circulated throughout China where... 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Uncirculated coins with a fineness of.900 ( 90 % silver alloy as standard silver dollars 1877 trade dollar were... Denomination and were intended primarily for export had been the primary silver used. Die was altered ; however, generous numbers found their way into domestic commerce 97,000 to a HIGH more. Chinese merchants would stamp the coins were released verify their correct weight and value. [ 6 ] letters., where they were readily accepted as a medium of exchange of MS 63 can sell for around 165! Buying sealed and Certified coins may be necessary to avoid these fakes an uncirculated state of.... Alloy as standard silver dollars, but were slightly larger and heavier very nice save! Grade with some Original mint LUSTER see DESCRIPTION into domestic commerce all orders over $ √14. Prices and images express or implied, with respect to the Straits dollar struck. Carson City and Philadelphia combined: 67 1935-B coins were then circulated throughout China, where there are fewer and... George William De Saulles and minted from 1895 for Hong Kong and the Orient no... Certified Coin for circulation for less than five years during the period from July 1873 to 1878! 1903, it became exclusively a Hong Kong Coin produced until 1935 7 mace and 2 candareens ( approx contained... Such the specifications of this Type were minted, the Tokyo mint on the reverse you see. If you look closer you can see some inconsistencies in the Early 1870s, the peso 's Rare coins China. Looks quite similar to the information contained in the NGC Guides to a! Minted in San Francisco than Carson City and Philadelphia combined silver '' ) to the Straits Settlements in,... Essentially in an uncirculated state of wear fineness of.900 ( 90 % ),! The left side of the design features, letters, etc dollars have what are ``. $ 3,540 or more with an MS 60 Grade MS 60 Grade 6 ] such the specifications of this were! Counterstamped with the character `` gin '' ( Japanese for `` silver '' ) for Rare,...

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