The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. C $361.92. 27.2 grams) and fineness .900 (90%), the Spanish-Mexican coins so long trusted and valued in China. 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. Free shipping. However, if you look closer you can see some inconsistencies in the strike. 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 Dollar. 67. History of the Trade Dollar . 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 piastre was initially equivalent to the Mexican peso. $550.00. 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. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. Why a dollar today is worth only 4% of a dollar in 1877 Updated: December 12, 2020. Click on a price to see historical prices, comparison charts and trends. 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. The Yen coin had 26.96 g of silver at that time, and otherwise nearly identical in design to the 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. 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. 1877-S NGC Almost Uncirculated 58 Trade Dollar. 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. 1877 S T$1 MS. NGC Universal ID: 253E. The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. 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. In the decades that followed, merchants and adventurers flocked to these areas, and international trade flourished. PrAg In the early 1870s, The Treasury Department decided to create a special coin for international commerce. The coins were then released for use in Japanese-occupied Taiwan, Korea and Lüshunkou.[3]. ... 1877. 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. As such the specifications of this trade dollar are the same as the US counterpart. Proof Coins can be Worth $3,540 or more. 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. 1877-S Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! 1877 trade t$1 pcgs ms 65. United States Trade Dollars were authorized under the Mint Act of 1873, which had suspended production of the silver dollar. 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). 1877 trade dollar brilliant mirror like gem exceptional strike unc comp 62 . Trade dollars are silver coins minted as trade coins by various countries to facilitate trade with China and the Orient. "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. This was reduced to 24.3 grams in 1895. 1877 silver trade dollar icg au53 really nice . 55 $19.95 shipping. Ending Nov 29 at 6:10PM PST 9d 14h. C $340.21. Free shipping. Also, click here to Learn About Grading Coins. Low Grade: C $374.62. However, generous numbers found their way into domestic commerce. Well struck, and essentially in an uncirculated state of wear. The 1877 trade dollar with no mint mark is worth around $165 in very good condition. On the reverse you can see an overall weakness and depth of the design features, letters, etc. 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). 20 watching. 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. 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. No major marks. C $352.14. $19.99 40 sold Quantity. 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. [2] When Japan introduced the gold standard in 1897, the silver 1 yen coins, including the trade dollars, were demonetized. $100 in 1877 is equivalent in purchasing power to about $2,478.37 today, an increase of $2,378.37 over 144 years. 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. However, generous numbers found their way … These .900 fine silver trade dollars were then circulated throughout China, where they were readily accepted as a medium of exchange. But after the Straits dollar was introduced to the Straits Settlements in 1903, it became exclusively a Hong Kong coin produced until 1935. $4.60 shipping. The Manila-Acapulco G… 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. 1877-S Trade Dollar, Uncirculated, PCGS MS-62, Original Early Silver Type Coin. 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. 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. Free shipping . Many Trade dollars have what are called "chopmarks" on them. 1877 trade dollar pcgs rated au 50 no chop marks some nice toning. These coins were minted during the suspension of the standard silver dollar denomination and were intended primarily for export. 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. The United States Congress authorized the U.S. Mint to create a trade dollar to improve trade with the Orient, China in particular. $324.30. 1753 It was initially on a silver standard of 1 piastre = 24.4935 grams pure silver. The 1921-B dollar was struck but never released for circulation, and only a limited number of 1934-B and 1935-B coins were released. Coin Date: 1877: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: P: Mint Location: Philadelphia: Mintage: 3,039,200: Coinage Type: Trade dollar: Coinage Years: 0 bids. These IDs are a simple organization of all coins prior to variety attribution and grading. Prior to that, the Mexican peso had been the primary silver coin used in trading with China. 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. • 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! 1875-S Silver Trade Dollar NGC AU Details Toned Pretty Rare Great Deal. 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. In a proclamation translated by Chinese consul and interpreter Walter Hillier, the Emperor stated: Free shipping . The Trade Dollar was struck primarily for the purpose of export trade with Asia. Prices provided are averages, not specific prices for individual coins. $419.99. 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. High Grade: Uncirculated coins with a grade of MS 63 can sell for around $1,600. 1877 S TRADE DOLLAR XF DETAILS . 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. The only silver-dollar sized coins struck in 1877 were Trade Dollars. In fact, the eagle on the trade dollar's reverse looks quite similar to the peso's. Coinage Context. Trade Dollars. The Trade Dollar’s design is widely viewed as an attractive upgrade to Gobrecht’s Seated Liberty on which it was loosely based. Collectors are warned that recently a large number of U.S. Trade dollars have been forged in China made with base metal. 1877 $1 Silver Trade Dollar . Click here to Learn How to use Coin Price … [7], Media related to Trade dollars at Wikimedia Commons. Chinese merchants would stamp the coins in order to verify their correct weight and value.[6]. Trade Dollars were struck for circulation for less than five years during the period from July 1873 to April 1878. 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. It was minted of 27.22 g of silver with a fineness of .900 (90%). San Francisco was closest both to the source of the silver as well as the ultimate destination of the coins, China. 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%.. [6], The coin was designed by William Barber, the mint's chief engraver. 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