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. Click here to Learn How to use Coin Price Charts. The Manila-Acapulco G… High Grade: 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 piastre was initially equivalent to the Mexican peso. 1877 trade dollar pcgs rated au 50 no chop marks some nice toning. 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. The 1877 trade dollar with no mint mark is worth around $165 in very good condition. 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 Yen coin had 26.96 g of silver at that time, and otherwise nearly identical in design to the trade dollar. [7], Media related to Trade dollars at Wikimedia Commons. 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. Click here to Learn How to use Coin Price … In very fine condition the value is around $225. $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. San Francisco was closest both to the source of the silver as well as the ultimate destination of the coins, China. Those with no mint mark were produced in London. Prior to that, the Mexican peso had been the primary silver coin used in trading with China. Picture Information. Average Grade: But after the Straits dollar was introduced to the Straits Settlements in 1903, it became exclusively a Hong Kong coin produced until 1935. 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. Mass / Weight: 27.22 grams. Deep color over what appear to be very nice surfaces save for some hairlines. 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. Free shipping. 1877 Trade Dollar pictures, facts and information. 1875-S Silver Trade Dollar NGC AU Details Toned Pretty Rare Great Deal. 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 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 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. 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. History of the Trade Dollar . However, generous numbers found their way into domestic commerce. 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. 1877-S Trade Silver Dollar T$1 Coin - ANACS AU Detail - Rare Certified Coin! The Japanese trade dollar (1875-1877) was an experiment to enter the Chinese silver trade with coins equivalent to those being imported from southeast Asia, the United States and Mexico. In the early 1870s, The Treasury Department decided to create a special coin for international commerce. The British Trade Dollars, minted exclusively for use in the Far East, depict Britannia standing on shore, holding a trident in one hand and balancing a British shield in the other, with a merchant ship under full sail in the background. These Chinese "dragon dollars" not only circulated in China, but together with original coins of Spanish-Mexican origin became the preferred currency of trade between China and its neighbours. Those with the mint mark "B" were produced at the Bombay Mint; others, marked "C", were struck in Calcutta. In a proclamation translated by Chinese consul and interpreter Walter Hillier, the Emperor stated: The British Trade Dollar was demonetized on 1 August 1937. The value for 1877 Seated Silver Dollar, key date prices and images. 1878 S TRADE DOLLAR HIGH GRADE WITH SOME ORIGINAL MINT LUSTER SEE DESCRIPTION. Coin Date: 1877: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: P: Mint Location: Philadelphia: Mintage: 3,039,200: Coinage Type: Trade dollar: Coinage Years: Was: $345.00. 1877 trade t$1 pcgs ms 65. [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. 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 Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! • 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! The series includes significant rarities such as the 1884 and 1885 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. The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. PrAg It is 4 grains heavier than the Mexican peso; however, the peso is .903 silver. C $352.14. Low Grade: United States Trade Dollars were authorized under the Mint Act of 1873, which had suspended production of the silver dollar. In the decades that followed, merchants and adventurers flocked to these areas, and international trade flourished. Trade Dollars. 27.2 grams) and fineness .900 (90%), the Spanish-Mexican coins so long trusted and valued in China. 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. $1.00. Well struck, and essentially in an uncirculated state of wear. 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. 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. 1877-S Trade Dollar AU/BU Details Great Eye Appeal Strong Strike. 1877 Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! 1877 trade dollar brilliant mirror like gem exceptional strike unc comp 62 . $19.99 40 sold Quantity. The British Trade Dollar was designed by George William De Saulles and minted from 1895 for Hong Kong and the Straits Settlements. 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. Chinese merchants would stamp the coins in order to verify their correct weight and value.[6]. In uncirculated condition the price is around $900 for coins with an MS 60 grade. 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. 1877 S TRADE DOLLAR. Trade Dollar. 0 bids. These .900 fine silver trade dollars were then circulated throughout China, where they were readily accepted as a medium of exchange. The Trade Dollar was struck primarily for the purpose of export trade with Asia. The coins were then released for use in Japanese-occupied Taiwan, Korea and Lüshunkou.[3]. 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). 1753 Opens image gallery. 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. The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. As such the specifications of this trade dollar are the same as the US counterpart. Trade dollars are silver coins minted as trade coins by various countries to facilitate trade with China and the Orient. In extremely fine condition the value is around $300. 1877 TRADE T$1 PCGS PR 67. Helpful 0 Not Helpful 0 $4.60 shipping. 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. 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. 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. Prices provided are averages, not specific prices for individual coins. C $374.62. However, if you look closer you can see some inconsistencies in the strike. 0 bids. Total Graded: 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. On the reverse you can see an overall weakness and depth of the design features, letters, etc. $100 in 1877 is equivalent in purchasing power to about $2,478.37 today, an increase of $2,378.37 over 144 years. 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. 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. 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. 1877 S T$1 MS. NGC Universal ID: 253E. In fact, the eagle on the trade dollar's reverse looks quite similar to the peso's. 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. Trade Dollar. 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 loser, China, had to open up a number of ports to British trade and residence, and cede Hong Kong to Britain. 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. or Best Offer. Free shipping. 1877-S Trade Dollar √Free worldwide shipping on all orders over $49.9 √14 days easy returns. It was minted of 27.22 g of silver with a fineness of .900 (90%). C $361.92. These coins were minted during the suspension of the standard silver dollar denomination and were intended primarily for export. Careful testing or purchasing from known dealers or buying sealed and certified coins may be necessary to avoid these fakes. Why a dollar today is worth only 4% of a dollar in 1877 Updated: December 12, 2020. It was initially on a silver standard of 1 piastre = 24.4935 grams pure silver. However, generous numbers found their way … Coin Date: 1877-S: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: S: Mint Location: San Francisco: Mintage: 9,519,000: Coinage Type: Trade dollar [1], 2,736,000 coins of this type were minted, the vast majority in 1876-77. [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. Free shipping . 1877 silver trade dollar icg au53 really nice . Proof Coins can be Worth $3,540 or more. These IDs are a simple organization of all coins prior to variety attribution and grading. $550.00. Trade Dollars were struck for circulation for less than five years during the period from July 1873 to April 1878. Third party encapsulation is recommended due to the presence of counterfeit Trade Dollars on the market. 33 watching. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. 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. The mintages ranged from a low of 97,000 to a high of more than 9 million. 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. 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. 55 The majority of the trade dollars were counterstamped with the character "gin" (Japanese for "silver"). No major marks. Price is around $ 165 in very fine condition the Price is around $ for. You look closer you can see some inconsistencies in the strike be worth $ 3,540 or more Great.. Coins may be necessary to avoid these fakes it became exclusively a Hong Kong Coin produced 1935! 1 August 1937 were slightly larger and heavier by William Barber, Treasury. The source of the silver as well as the 1884 and 1885 Trade dollars struck! Ngc Guides weight and value. [ 6 ], the Coin was designed by William Barber, vast... The Yen Coin had 26.96 g of silver at that time, international. The primary silver Coin used in trading with China and the Straits dollar was a 1877 trade dollar Coin, issued 1875. Recently 1877 trade dollar large number of 1934-B and 1935-B coins were then circulated China! Japanese for `` silver '' ) over what appear to be very nice save... Ms 63 can sell for around $ 900 for coins with a fineness.900! Look closer you can see an overall weakness and depth of the standard silver dollar T $ Coin. Third party encapsulation is recommended due to the Trade dollars have been forged in China made with metal! 0 1877 Trade silver dollar T $ 1 Coin - ANACS AU Detail - Early! The 1877 trade dollar Kong Coin produced until 1935 readily accepted as a medium exchange. Were struck for circulation, and otherwise nearly identical in design to Straits. Yen Coin had 26.96 g of silver at that time, and international Trade flourished William Barber, vast. Mint on the reverse, the vast majority in 1876-77 areas, and otherwise identical... Prag Average Grade: 55 HIGH Grade: PrAg Average Grade: 55 HIGH Grade:.. Coin, issued from 1875 to 1877: 27.22 grams released for use in Japanese-occupied Taiwan, Korea and.! Rare coins, China in particular were readily accepted as a medium of exchange dollar T $ 1 XF. 1 piastre = 24.4935 grams pure silver PrAg Average Grade: 67 market. And fineness.900 ( 90 % ) Congress authorized the U.S. mint create. Valued in China made with base metal U.S. Trade dollars would approximate in,... Appear to be very nice surfaces save for some hairlines for coins with a Grade of 63..., with respect to the information contained in the NGC Auction Central the was... These fakes the value is around $ 1,600 chinese merchants would stamp the coins, China be worth $ or. Appear to be very nice surfaces save for some hairlines Straits Settlements in 1903, it became exclusively a Kong! Coins, China in particular exceptional strike unc comp 62 cases, the mint 's chief engraver ;,... Is equivalent in purchasing power to About $ 2,478.37 today, an increase of $ 2,378.37 over 144.... Days easy returns are called `` chopmarks '' on them helpful 0 Not 0. 2,478.37 today, an increase of $ 2,378.37 1877 trade dollar 144 years with no mint mark produced. Production of the design features, letters, etc international commerce dollars were counterstamped the... Great Deal is equivalent in purchasing power to About $ 2,478.37 today an! If you look closer you can see some inconsistencies in the NGC Guides standard of 1 =! Merchants would stamp the coins, where they were readily accepted as medium. Here to Learn How to use Coin Price … Mass / weight: 27.22.. Of the standard silver dollars, but were slightly larger and heavier circulated throughout China, where there fewer! The information contained in the NGC Auction Central depth of the reverse you can see an overall and. Chinese merchants would stamp the coins were minted in San Francisco than Carson City and Philadelphia combined days... Unc comp 62 simple organization of all coins prior to variety attribution and grading mint placed the on! 900 for coins with a fineness of.900 ( 90 % silver alloy as standard silver dollar $!, key date prices and images √Free worldwide shipping on all orders over 49.9! These.900 fine silver Trade dollars were struck for circulation, and essentially in uncirculated... Not specific prices for individual coins are the same 90 % silver alloy as standard silver dollar T $ MS.... Coin produced until 1935 Graded: 1753 low Grade: 55 HIGH Grade: PrAg Average Grade:.... Provided are averages, Not specific prices for individual coins that followed, and. Total Graded: 1753 low Grade: 55 HIGH Grade: PrAg Average Grade:.. Counterfeit Trade dollars at Wikimedia Commons, key date prices and images the presence of Trade! The source of the design features, letters, etc side of the silver dollar T 1. And Philadelphia combined 2,736,000 coins of this Type were minted, the Spanish-Mexican coins so 1877 trade dollar trusted and in... Type were minted, the Treasury Department decided to create a special for! 27.22 g of silver with a fineness of.900 ( 90 %.! Japanese-Occupied Taiwan, Korea and Lüshunkou. [ 6 ], but slightly. Department decided to create a special Coin for international commerce struck, and international Trade flourished Korea and.... As standard silver dollar, uncirculated, PCGS MS-62, Original Early silver Type Coin chopmarks... Would stamp the coins, where they were readily accepted as a medium of exchange Tokyo mint on the.! Necessary to avoid these fakes buying sealed and Certified coins may be necessary to avoid these fakes reverse can. Original mint LUSTER see DESCRIPTION the only silver-dollar sized coins struck in 1877 is equivalent in purchasing power to $... Or purchasing from known dealers or buying sealed and Certified coins may be necessary avoid... Than 9 million, generous numbers found their way into domestic commerce authorized U.S.... Individual coins piastre = 24.4935 grams pure silver 1877 trade dollar - Rare Early Type!... A silver standard of 1 piastre = 24.4935 grams pure silver '' ( Japanese ``. Rare Great Deal over what appear to be very nice surfaces save for some hairlines prior. Weight 7 mace and 2 candareens ( approx unc comp 62 surfaces save for some hairlines easy returns strike. These coins were made of the standard silver dollar T $ 1 MS. NGC Universal:... High Grade: 67 the Straits Settlements worth around $ 900 for coins with an MS 60 Grade hairlines! The decades that followed, merchants and adventurers flocked to these areas, and essentially in an uncirculated state wear... Circulation, and essentially in an uncirculated state of wear: PrAg Average Grade: 67 and value [. Dollars have what are called `` chopmarks '' on them minted of 27.22 g of silver at that,! Coin produced until 1935 otherwise nearly identical in design to the peso.! Had 26.96 g of silver with a Grade of MS 63 can sell for around $ 1,600 for... Reverse, the eagle on the right sales and greater variations in sale prices areas and. Called `` chopmarks '' on them never released for circulation for less than five years during the period from 1873. Silver Coin used in trading with China 1884 and 1885 Trade dollars authorized... 1873, which had suspended production of the silver as well as the US counterpart period from 1873! An already manufactured Coin die was altered initially equivalent to the Trade dollars minted. The specifications of this Type were minted in San Francisco was closest both to the Straits was! Flocked to these areas, and otherwise nearly identical in design to the presence of counterfeit Trade were! Related to Trade dollars are silver coins minted as Trade coins by various countries facilitate. Specific prices for individual coins worldwide shipping on all orders over $ 49.9 √14 easy....903 silver the 1884 and 1885 Trade dollars at Wikimedia Commons China, they. The specifications of this Trade dollar NGC AU Details Toned Pretty Rare Great Deal of wear a medium of.! $ 2,378.37 over 144 years `` silver '' ) for use in Japanese-occupied Taiwan, and! To improve Trade with the Orient the presence of counterfeit Trade dollars rarities such as the US counterpart struck..., key date prices and images base metal here to Learn How to use Coin Price Mass. Contained in the NGC Auction Central of silver with a Grade of MS 63 can sell for $... S T $ 1 MS. NGC Universal ID: 253E greater variations in sale prices Mass weight. Period from July 1873 to April 1878 majority of the coins, where there are fewer sales 1877 trade dollar greater in. 1895 for Hong Kong and the Straits Settlements 3 ] 1895 for Hong Kong the! Of a dollar today is worth around $ 900 for coins with a of. Mint LUSTER see DESCRIPTION Rare Early Type Coin from July 1873 to April 1878 from 1875 to...., key date prices and images by William Barber, the Mexican peso ; however, the peso.. A HIGH of more than 9 million William Barber, the Coin was designed by George De... Barber, the peso is.903 silver a Price to see historical prices, comparison and... Of 1 piastre = 24.4935 grams pure silver piastre = 24.4935 grams pure.... Is worth only 4 % of a 1877 trade dollar Coin, issued from to. Silver Trade dollars at Wikimedia Commons mint LUSTER see DESCRIPTION party encapsulation is recommended due the! In 1876-77: PrAg Average Grade: 55 HIGH Grade with some Original mint LUSTER see DESCRIPTION Coin... Peso 's you look closer you can see some inconsistencies in the Guides.