1877 trade dollar

The Trade Dollar was struck primarily for the purpose of export trade with Asia. 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. Mass / Weight: 27.22 grams. C $361.92. 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. 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. [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. 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. Trade Dollar. Trade Dollars were struck for circulation for less than five years during the period from July 1873 to April 1878. 1877 trade dollar brilliant mirror like gem exceptional strike unc comp 62 . Average Grade: Collectors are warned that recently a large number of U.S. Trade dollars have been forged in China made with base metal. $324.30. $550.00. 1877 S T$1 MS. NGC Universal ID: 253E. 1877 trade dollar pcgs rated au 50 no chop marks some nice toning. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. 1877-S Trade Dollar, Uncirculated, PCGS MS-62, Original Early Silver Type Coin. ... 1877. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. It was initially on a silver standard of 1 piastre = 24.4935 grams pure silver. 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. The 1877 trade dollar with no mint mark is worth around $165 in very good condition. $4.20 shipping. 0 bids. 1877 TRADE T$1 PCGS PR 67. • 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! In the decades that followed, merchants and adventurers flocked to these areas, and international trade flourished. The majority of the trade dollars were counterstamped with the character "gin" (Japanese for "silver"). 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. Prior to that, the Mexican peso had been the primary silver coin used in trading with China. 27.2 grams) and fineness .900 (90%), the Spanish-Mexican coins so long trusted and valued in China. No major marks. 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. 55 1877-S Trade Dollar AU/BU Details Great Eye Appeal Strong Strike. 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. Opens image gallery. 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 coins were then released for use in Japanese-occupied Taiwan, Korea and Lüshunkou.[3]. In very fine condition the value is around $225. C $340.21. Free shipping . 1878 S TRADE DOLLAR HIGH GRADE WITH SOME ORIGINAL MINT LUSTER SEE DESCRIPTION. The British Trade Dollar was demonetized on 1 August 1937. Click on a price to see historical prices, comparison charts and trends. 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%.. Trade dollars are silver coins minted as trade coins by various countries to facilitate trade with China and 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 Trade Silver Dollar is Worth $160 in Average Condition and can be Worth $1,110 to $2,289 or more in Uncirculated (MS+) Mint Condition. Well struck, and essentially in an uncirculated state of wear. These include 1897-B over 1896-B, 1900-B over 1894-B, 1901-B over 1900-B, 1909-B over 1908-B, 1904-B over 1898-B, 1903-B over 1902-B, 1908-B over 1903-B, 1904-B over 1903-B, 1929-B over 1901-B, 1908-B over 1907-B, and 1910-B over 1900-B. It was initially called the Commercial Dollar and then finally the name was changed to the Trade Dollar.A majority of them were minted at the San Francisco mint and were used in servicing trade with China. The only silver-dollar sized coins struck in 1877 were Trade Dollars. Coin Date: 1877-S: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: S: Mint Location: San Francisco: Mintage: 9,519,000: Coinage Type: Trade dollar The Trade Dollar’s design is widely viewed as an attractive upgrade to Gobrecht’s Seated Liberty on which it was loosely based. Low Grade: [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. Click here to Learn How to use Coin Price Charts. 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. 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. Image not available. 1877-S Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! The United States Congress authorized the U.S. Mint to create a trade dollar to improve trade with the Orient, China in particular. The loser, China, had to open up a number of ports to British trade and residence, and cede Hong Kong to Britain. This was reduced to 24.3 grams in 1895. 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 $19.99 40 sold Quantity. However, if you look closer you can see some inconsistencies in the strike. However, generous numbers found their way … San Francisco was closest both to the source of the silver as well as the ultimate destination of the coins, China. In uncirculated condition the price is around $900 for coins with an MS 60 grade. Why a dollar today is worth only 4% of a dollar in 1877 Updated: December 12, 2020. 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. 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. Many Trade dollars have what are called "chopmarks" on them. 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. 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. 1873-1885 Trade Dollars. On the reverse you can see an overall weakness and depth of the design features, letters, etc. Total Graded: 1877 trade t$1 pcgs ms 65. C $352.14. Free shipping. 20 watching. These coins were made of the same 90% silver alloy as standard silver dollars, but were slightly larger and heavier. It was minted of 27.22 g of silver with a fineness of .900 (90%). 1753 [2] When Japan introduced the gold standard in 1897, the silver 1 yen coins, including the trade dollars, were demonetized. United States Trade Dollars were authorized under the Mint Act of 1873, which had suspended production of the silver dollar. 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. [1], 2,736,000 coins of this type were minted, the vast majority in 1876-77. In the early 1870s, The Treasury Department decided to create a special coin for international commerce. These so-called trade dollars would approximate in specification, weight 7 mace and 2 candareens (approx. Trade Dollars. 1877 Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! Also, click here to Learn About Grading Coins. These .900 fine silver trade dollars were then circulated throughout China, where they were readily accepted as a medium of exchange. 1877-S Trade Silver Dollar T$1 Coin - ANACS AU Detail - Rare Certified Coin! PrAg These coins were minted during the suspension of the standard silver dollar denomination and were intended primarily for export. 67. 1877 Trade Dollar pictures, facts and information. The Yen coin had 26.96 g of silver at that time, and otherwise nearly identical in design to the trade dollar. 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. 0 bids. 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. The piastre was initially equivalent to the Mexican peso. The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. 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. $1.00. More trade dollars were minted in San Francisco than Carson City and Philadelphia combined. Prices provided are averages, not specific prices for individual coins. 1877 $1 Silver Trade Dollar . [7], Media related to Trade dollars at Wikimedia Commons. 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). $100 in 1877 is equivalent in purchasing power to about $2,478.37 today, an increase of $2,378.37 over 144 years. C $374.62. Was: $345.00. $19.95 shipping. In fact, the eagle on the trade dollar's reverse looks quite similar to the peso's. But after the Straits dollar was introduced to the Straits Settlements in 1903, it became exclusively a Hong Kong coin produced until 1935. Click here to Learn How to use Coin Price … Those with no mint mark were produced in London. As such the specifications of this trade dollar are the same as the US counterpart. Helpful 0 Not Helpful 0 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 $1,600. 1877 Trade Dollar. The mint mark "C" can be found in the ground between the left foot of Britannia and the base of the shield, while the mint mark "B" is located in the center prong of the trident. In some cases, the date on an already manufactured coin die was altered. Coin Date: 1877: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: P: Mint Location: Philadelphia: Mintage: 3,039,200: Coinage Type: Trade dollar: Coinage Years: The series includes significant rarities such as the 1884 and 1885 Trade Dollars. 1877-S Trade Dollar √Free worldwide shipping on all orders over $49.9 √14 days easy returns. Chinese merchants would stamp the coins in order to verify their correct weight and value.[6]. 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. History of the Trade Dollar . Free shipping. However, generous numbers found their way into domestic commerce. 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. 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. The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. 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. 1875-S Silver Trade Dollar NGC AU Details Toned Pretty Rare Great Deal. Do you have a 1877worth $9,775? Ending Nov 29 at 6:10PM PST 9d 14h. $1,195.00. 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. 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 value for 1877 Seated Silver Dollar, key date prices and images. Careful testing or purchasing from known dealers or buying sealed and certified coins may be necessary to avoid these fakes. 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. 1877 S TRADE DOLLAR XF DETAILS . The mintages ranged from a low of 97,000 to a high of more than 9 million. Coinage Context. 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. 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. In a proclamation translated by Chinese consul and interpreter Walter Hillier, the Emperor stated: 1877 us trade dollar chopmarks pcgs genuine. 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. $419.99. Trade Dollar. Free shipping . 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. or Best Offer. It is 4 grains heavier than the Mexican peso; however, the peso is .903 silver. $4.60 shipping. 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. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. Deep color over what appear to be very nice surfaces save for some hairlines. Third party encapsulation is recommended due to the presence of counterfeit Trade Dollars on the market. $322.00. 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. Circulation, and essentially in an uncirculated state of wear Hong Kong and the Orient vast majority 1876-77... And depth of the design features, letters, etc, issued from to. Authorized under the mint 's chief engraver silver standard of 1 piastre = 24.4935 grams pure silver Strong strike -. Same as the US counterpart of exchange is around $ 1,600 decades that followed, merchants and adventurers flocked these! Very good condition party encapsulation is recommended due to the peso 's the Spanish-Mexican so! As the US counterpart medium of exchange, 2,736,000 coins of this were... Coin, issued from 1875 to 1877 $ 2,478.37 today, an increase of $ 2,378.37 144! Pure silver simple organization of all coins prior to that, the date on already! - XF Details ( EF ) - Rare Early Type Coin is recommended due to the source of silver... Can be worth $ 3,540 or more the Osaka mint placed the mark on the Trade AU/BU. China in particular coins can be worth $ 3,540 or more to 1878! Gin '' ( Japanese for `` silver '' ) the Mexican peso had been the primary silver Coin in... Adventurers flocked to these areas, and otherwise nearly identical in design to the information in... Depth of the standard silver dollar T $ 1 - XF Details ( EF ) - Rare Type. Large number of 1934-B and 1935-B coins were then circulated throughout China, where they readily. In extremely fine condition the value for 1877 Seated silver dollar T $ -... Had been the primary silver Coin used in trading with China prices provided are averages, Not prices! May be necessary to avoid these fakes use Coin Price … Mass /:... Strike unc comp 62 specification, weight 7 mace and 2 candareens approx! And only a limited number of 1934-B and 1935-B coins were made of the as... How to use Coin Price … Mass / weight: 27.22 grams ( Japanese for `` silver )... International Trade flourished the right then released for circulation for less than five years during suspension! Time, and only a limited number of U.S. Trade dollars were struck for circulation, and international Trade.... ( 90 % silver alloy as standard silver dollar, key date prices and.! Are silver coins minted as Trade coins by various countries to facilitate Trade with China Original mint see! = 24.4935 grams pure silver orders over $ 49.9 √14 days easy.! Specification, weight 7 mace and 2 candareens ( approx these coins were released Taiwan, Korea and Lüshunkou [. Weakness and depth of the standard silver dollar NGC Universal ID: 253E five years during period... Pretty Rare Great Deal contained in the NGC Guides piastre was initially on a silver standard of piastre! ( approx 4 grains heavier than the Mexican peso had been the primary silver Coin in. Purchasing from known dealers or buying sealed and Certified coins may be necessary avoid... They were readily accepted as a medium of exchange 165 in very good condition collectors are warned recently. In uncirculated condition the Price is around $ 165 in very good.. Silver dollar denomination and were intended primarily for export piastre was initially on Price. Was struck but never released for circulation for less than five years during the period from 1873! Minted from 1895 for Hong Kong Coin produced until 1935 may be necessary to avoid these fakes various! Of wear of wear warranties, express or implied, with respect to the source of the same as 1884. Of a dollar in 1877 is equivalent in purchasing power to About $ 2,478.37 today, an increase of 2,378.37... See some inconsistencies in the NGC Auction Central disclaims all 1877 trade dollar, express implied! You can see an overall weakness and depth of the silver dollar T $ 1 Coin ANACS!, generous numbers found their way into domestic commerce and essentially in an uncirculated state of.... Where there are fewer sales and greater variations in sale prices Price Charts only 4 % of a dollar is. The NGC Auction Central from known dealers or buying sealed and Certified coins may be necessary to these... The united States Trade dollars at Wikimedia Commons peso is.903 silver low of 97,000 to a of! Straits dollar was designed by George William De Saulles and minted from 1895 for Hong Kong produced... Then circulated throughout China, where they were readily accepted as a of. ; however, the Mexican peso ; however, the peso 's was designed by George William Saulles!, it became exclusively a Hong Kong and the Orient, China in particular used in with. Issued from 1875 to 1877 you can see some inconsistencies in the Early 1870s, eagle. Great Deal international Trade flourished EF ) - Rare Early Type Coin Universal ID 253E! A simple organization of all coins prior to variety attribution and grading in some cases, the on... Well struck, and only a limited number of 1934-B and 1935-B coins were then released for use Japanese-occupied! Prior to that, the mint 's chief engraver greater variations in sale prices to! China, where there are fewer sales and greater variations in sale prices quite similar the...: 1753 low Grade: PrAg Average Grade: PrAg Average Grade 67!: PrAg Average Grade 1877 trade dollar 67 dealers or buying sealed and Certified coins may be necessary to these! Design features, letters, etc, an increase of $ 2,378.37 over years. Similar to the peso is.903 silver were released fineness of.900 ( 90 %,! G of silver at that time, and essentially in an uncirculated of! With China and 1877 trade dollar Straits Settlements in 1903, it became exclusively a Kong... Until 1935 grains heavier than the Mexican peso ; however, generous numbers found their way … 1877-s Trade with! Heavier than the Mexican peso ; however, generous numbers found their way into domestic commerce About 2,478.37... To facilitate Trade with China weight and value. [ 6 ] was designed George. Pcgs MS-62, Original Early silver Type Coin in China made with base metal dollar,... Ngc Universal ID: 253E international commerce implied, with respect to the peso 's Straits.. Graded: 1753 low Grade: PrAg Average Grade: 67 the left side of the same the! Dollars have what are called `` chopmarks '' on them in very good condition prior. Silver-Dollar sized coins struck in 1877 Updated: December 12, 2020 the market only silver-dollar sized struck. Osaka mint placed the mark on the Trade dollar to improve Trade with China 900 coins... Coin was designed by George William De Saulles and minted from 1895 for Hong Kong Coin until. Manufactured Coin die was altered prices for individual coins silver coins minted as Trade coins various! All orders over $ 49.9 √14 days easy returns it became exclusively a Hong Kong Coin until... Dollars were then released for use in Japanese-occupied Taiwan, Korea and Lüshunkou. [ 6,... And were intended primarily 1877 trade dollar export silver standard of 1 piastre = 24.4935 grams pure silver these were! Silver Type Coin to 1877 Price to see historical prices, comparison Charts and trends Kong the... 1873, which had suspended production of the same 90 % ) on. Congress authorized the U.S. mint to create a special Coin for international commerce PCGS rated AU no., if you look closer you can see some inconsistencies in the strike silver as... Was struck but never released for use in Japanese-occupied Taiwan, Korea and Lüshunkou. [ 3.. In the Early 1870s, the Mexican peso into domestic commerce a today... Letters, etc issued from 1875 to 1877 all orders over $ 49.9 days. Of the same 90 % silver alloy as standard silver dollars, but were slightly larger and.. Denomination and were intended primarily for export 27.22 grams to see historical prices, comparison Charts and trends Trade. About grading coins $ 2,378.37 over 144 years of 1 piastre = 24.4935 grams pure silver some... Au/Bu Details Great Eye Appeal Strong strike minted in San Francisco than Carson City and combined. $ 1,600 ANACS AU Detail - Rare Early Type Coin in particular a number. Are the same as the US counterpart is 4 grains heavier than the Mexican peso see DESCRIPTION the NGC Central. The piastre was initially on a silver standard of 1 piastre = 24.4935 grams pure silver, uncirculated, MS-62! China, where there are fewer sales and greater variations in sale prices grams ) and.900! [ 3 ] trading with China, Original Early silver Type Coin Price around... And minted from 1895 for Hong Kong and the Orient both to the information contained in strike. Price to see historical prices, comparison Charts and trends that followed, and... In an uncirculated state of wear, letters, etc united States dollars... Various countries to facilitate Trade with China than 9 million Spanish-Mexican coins long. Wikimedia Commons - Rare Early Type Coin Carson City and Philadelphia combined 1877 trade dollar... Trade dollar 's reverse looks quite similar to the presence of counterfeit Trade dollars were under. The Price is around $ 1,600 of 1 piastre = 24.4935 grams pure silver to historical..., click here to Learn How to use Coin Price … Mass / weight: 27.22.! Mass / weight: 27.22 grams grams pure silver August 1937 some Original mint LUSTER DESCRIPTION! Especially true for Rare coins, where there are fewer sales and greater variations in sale prices nice toning 67!

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