1874 P Trade Dollar- XF Details with Choice Cabinet Toning

Description: This 1874 Trade Dollar is a rare find for any collector. The coin is made of silver, has a denomination of $1, and was struck in Business style in Philadelphia. It has circulated in the past and shows some signs of wear, but it still holds its value as a unique addition to any collection. The coin has not been certified but has been stored with care and has developed beautiful cabinet toning. This piece is a must-have for any serious coin collector and a great addition to any numismatic collection. 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: 775 USD

Location: Palm Beach Gardens, Florida

End Time: 2024-11-07T00:21:48.000Z

Shipping Cost: 0 USD