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The United States trade dollar was a dollar coin minted by the United States Mint to compete with other large silver trade coins that were already popular in East Asia.The idea first came about in the 1860s, when the price of silver began to decline due to increased mining in the western United States.
The Seated Liberty dollar was a dollar coin struck by the United States Mint from 1840 to 1873 and designed by its chief engraver, Christian Gobrecht.It was the last silver coin of that denomination to be struck before passage of the Coinage Act of 1873, which temporarily ended production of the silver dollar for American commerce.
1866 No Motto Silver Dollar United States Wolfson, Jay, Delp ANR January 2005 $1,207,500 1804 Class III Silver Dollar United States Carter, Flannagan Bowers Merena July 2003 $1,200,000 1911 Hsüan-t'ung Dollar Pattern PR-63 China Heritage Auctions December 2021 $1,175,000 1792 Birch Cent J-4 Pattern United States
The Seated Liberty portrait designs appeared on most regular-issue silver United States coinage from 1836 through 1891. The denominations which featured the Goddess of Liberty in a Seated Liberty design included the half dime , the dime , the quarter , the half dollar , and until 1873 the silver dollar .
Business strike trade dollars were last produced in 1878 and proof coin production continued until 1885. [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. It is 4 grains heavier than the Mexican peso; however, the peso is .903 silver. [6]
From 1853 onward, trade with Asia was typically done with Mexican coins that kept their weight and purity in the 19th century. This ended in 1874 when the price of silver dropped so that a silver dollar had less than $1.00 worth of silver in it (because of huge amounts of silver coming from the Nevada Comstock Lode mines). By 1876, all silver ...
The dearth of pre-1857 copper coins were addressed by counterfeit two-cuarto coins (worth 1/80th of a peso) made by Igorot copper miners in the Cordilleras. In 1897 Spain brought over 1-peso silver coins as well as 5 and 10 centimos de peseta to be accepted by Filipinos as 1 and 2 centimos de peso.
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