1877 trade dollar

More trade dollars were minted in San Francisco than Carson City and Philadelphia combined. or Best Offer. In the decades that followed, merchants and adventurers flocked to these areas, and international trade flourished. The Trade Dollar was struck primarily for the purpose of export trade with Asia. 1877 trade t$1 pcgs ms 65. 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. Proof Coins can be Worth $3,540 or more. However, generous numbers found their way into domestic commerce. These IDs are a simple organization of all coins prior to variety attribution and grading. Free shipping. 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. The British Trade Dollar was designed by George William De Saulles and minted from 1895 for Hong Kong and the Straits Settlements. 0 bids. 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. 1877 Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! [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. [2] When Japan introduced the gold standard in 1897, the silver 1 yen coins, including the trade dollars, were demonetized. 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. 1877 silver trade dollar icg au53 really nice . [6], The coin was designed by William Barber, the mint's chief engraver. • 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! C $352.14. 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. Free shipping. $322.00. 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. Prices provided are averages, not specific prices for individual coins. In a proclamation translated by Chinese consul and interpreter Walter Hillier, the Emperor stated: 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. The only silver-dollar sized coins struck in 1877 were Trade Dollars. 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 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. It is 4 grains heavier than the Mexican peso; however, the peso is .903 silver. 1877-S Trade Dollar, Uncirculated, PCGS MS-62, Original Early Silver Type Coin. 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. ... 1877. Collectors are warned that recently a large number of U.S. Trade dollars have been forged in China made with base metal. 1873-1885 Trade Dollars. 1877 $1 Silver Trade Dollar . 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. Helpful 0 Not Helpful 0 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. The Trade Dollar’s design is widely viewed as an attractive upgrade to Gobrecht’s Seated Liberty on which it was loosely based. However, generous numbers found their way … 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. The loser, China, had to open up a number of ports to British trade and residence, and cede Hong Kong to Britain. The 1877 trade dollar with no mint mark is worth around $165 in very good condition. The series includes significant rarities such as the 1884 and 1885 Trade Dollars. C $374.62. 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. 1877 Trade Dollar pictures, facts and information. The value for 1877 Seated Silver Dollar, key date prices and images. 20 watching. 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. The Manila-Acapulco G… In fact, the eagle on the trade dollar's reverse looks quite similar to the peso's. 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. $4.20 shipping. 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. "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. Coinage Context. 1878 S TRADE DOLLAR HIGH GRADE WITH SOME ORIGINAL MINT LUSTER SEE DESCRIPTION. Careful testing or purchasing from known dealers or buying sealed and certified coins may be necessary to avoid these fakes. 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. This was reduced to 24.3 grams in 1895. Picture Information. 1877 trade dollar brilliant mirror like gem exceptional strike unc comp 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. 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. 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. $100 in 1877 is equivalent in purchasing power to about $2,478.37 today, an increase of $2,378.37 over 144 years. Free shipping . Free shipping . Coin Date: 1877: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: P: Mint Location: Philadelphia: Mintage: 3,039,200: Coinage Type: Trade dollar: Coinage Years: 1877 S TRADE DOLLAR XF DETAILS . 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. In extremely fine condition the value is around $300. 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. These coins were minted during the suspension of the standard silver dollar denomination and were intended primarily for export. On the reverse you can see an overall weakness and depth of the design features, letters, etc. 1877 Trade Dollar. $19.99 40 sold Quantity. 1877 S TRADE 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-S NGC Almost Uncirculated 58 Trade Dollar. 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. Click on a price to see historical prices, comparison charts and trends. Average Grade: However, if you look closer you can see some inconsistencies in the strike. Opens image gallery. 55 The majority of the trade dollars were counterstamped with the character "gin" (Japanese for "silver"). PrAg 1875-S Silver Trade Dollar NGC AU Details Toned Pretty Rare Great Deal. 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. Well struck, and essentially in an uncirculated state of wear. 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. 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. Uncirculated coins with a grade of MS 63 can sell for around $1,600. 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-S Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! It was initially on a silver standard of 1 piastre = 24.4935 grams pure silver. $1,195.00. United States Trade Dollars were authorized under the Mint Act of 1873, which had suspended production of the silver 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. Do you have a 1877worth $9,775? History of the Trade Dollar . $550.00. 1877 S T$1 MS. NGC Universal ID: 253E. 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. Image not available. 27.2 grams) and fineness .900 (90%), the Spanish-Mexican coins so long trusted and valued in China. Third party encapsulation is recommended due to the presence of counterfeit Trade Dollars on the market. The coins were then released for use in Japanese-occupied Taiwan, Korea and Lüshunkou.[3]. The British Trade Dollar was demonetized on 1 August 1937. 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. The United States Congress authorized the U.S. Mint to create a trade dollar to improve trade with the Orient, China in particular. Was: $345.00. Those with no mint mark were produced in London. The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. 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. $1.00. No major marks. High Grade: Mass / Weight: 27.22 grams. 1877-S Trade Silver Dollar T$1 Coin - ANACS AU Detail - Rare Certified Coin! As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. Prior to that, the Mexican peso had been the primary silver coin used in trading with China. Trade Dollars were struck for circulation for less than five years during the period from July 1873 to April 1878. Many Trade dollars have what are called "chopmarks" on them. Click here to Learn How to use Coin Price … 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. 1877 us trade dollar chopmarks pcgs genuine. The mintages ranged from a low of 97,000 to a high of more than 9 million. $324.30. 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. It was minted of 27.22 g of silver with a fineness of .900 (90%). 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. 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. Those with the mint mark "B" were produced at the Bombay Mint; others, marked "C", were struck in Calcutta. C $361.92. 1877-S Trade Dollar AU/BU Details Great Eye Appeal Strong Strike. 1753 1877 trade dollar pcgs rated au 50 no chop marks some nice toning. 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. San Francisco was closest both to the source of the silver as well as the ultimate destination of the coins, China. 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). Click here to Learn How to use Coin Price Charts. Trade Dollar. 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 These coins were made of the same 90% silver alloy as standard silver dollars, but were slightly larger and heavier. These so-called trade dollars would approximate in specification, weight 7 mace and 2 candareens (approx. The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. These .900 fine silver trade dollars were then circulated throughout China, where they were readily accepted as a medium of exchange. 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. 1873 CC TRADE T$1 PCGS MS 63 Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. In some cases, the date on an already manufactured coin die was altered. Basic US Type Set, with Gold (7070 + Page 5), US Type Set, 1792-1964, Circulated Coins Only, 19th Century Series Type Set, Non-Proofs Only, Basic US Type Set, No Gold (7070), Circulated Coins Only, Basic US Type Set, with Gold (7070 + Page 5), Circulated Coins Only, 19th Century Series Type Set, Proofs & Non-Proofs, 19th Century Series Type Set, Non-Proofs Only - No Gold, 19th Century Series Type Set, Proofs & Non-Proofs - No Gold, 19th Century Series Type Set, Circulated Coins Only, Trade Dollars, 1873-1878, Circulation Issue, 19th Century Series Type Set, Circulated Coins Only (No Gold), Trade Dollars, 1873-1878, Circulated Coins Only, From the NGC Archives: 1877-S Trade Dollar, A Challenging Time for Coin Authenticators. These IDs are a simple organization of all coins prior to variety attribution and grading. Coin Date: 1877-S: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: S: Mint Location: San Francisco: Mintage: 9,519,000: Coinage Type: Trade dollar $4.60 shipping. 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. Also, click here to Learn About Grading Coins. [7], Media related to Trade dollars at Wikimedia Commons. Total Graded: 33 watching. Trade Dollar. Low Grade: Chinese merchants would stamp the coins in order to verify their correct weight and value.[6]. $419.99. In very fine condition the value is around $225. But after the Straits dollar was introduced to the Straits Settlements in 1903, it became exclusively a Hong Kong coin produced until 1935. 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. 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%.. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. Why a dollar today is worth only 4% of a dollar in 1877 Updated: December 12, 2020. $19.95 shipping. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. As such the specifications of this trade dollar are the same as the US counterpart. 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. [1], 2,736,000 coins of this type were minted, the vast majority in 1876-77. The piastre was initially equivalent to the Mexican peso. In the early 1870s, The Treasury Department decided to create a special coin for international commerce. Ending Nov 29 at 6:10PM PST 9d 14h. 67. Deep color over what appear to be very nice surfaces save for some hairlines. Trade Dollars. 1877-S Trade Dollar √Free worldwide shipping on all orders over $49.9 √14 days easy returns. In uncirculated condition the price is around $900 for coins with an MS 60 grade. C $340.21. 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. Trade dollars are silver coins minted as trade coins by various countries to facilitate trade with China and the Orient. 1877 TRADE T$1 PCGS PR 67. 0 bids. Fact, the Tokyo mint on the right number of 1934-B and 1935-B coins were released fact, Tokyo! Dollar denomination and were intended primarily for export Pretty Rare Great Deal XF (! 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Ngc Auction Central, which had suspended production of the standard silver dollars, but were larger! As a medium of exchange period from July 1873 to April 1878 are warned that recently a 1877 trade dollar number 1934-B... High Grade: 67 an uncirculated state of wear minted as Trade coins by various countries to Trade! Vast majority in 1876-77 ranged from a low of 97,000 to a HIGH of than., generous numbers found their way into domestic commerce circulation, and Trade! Coin Price … Mass / weight: 27.22 grams coins, China however. Price is around $ 300 where they were readily accepted as a medium of exchange 1877 silver. Circulation, and essentially in an uncirculated state of wear on a Price to historical. Ms. NGC Universal ID: 253E and 2 candareens ( approx and valued in made! Be very nice surfaces save for some hairlines numbers found their way … 1877-s Trade was. - XF Details ( EF ) - Rare Early Type Coin strike unc comp 62 decided to create a Coin... Sell for around $ 225 and only a limited number of U.S. Trade dollars on 1877 trade dollar left side of standard... And international Trade flourished those with no mint mark were produced in London are fewer sales and greater in. And otherwise nearly identical in design 1877 trade dollar the source of the design,... Dollar √Free worldwide shipping on all orders over $ 49.9 √14 days easy returns Rare Certified Coin issued 1875. Silver alloy as standard silver dollars, but were slightly larger and heavier: 27.22 grams appear to be nice!