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Trade Dollar
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Trade Dollars (1873-1885)
The Trade Dollar was in response to other Western powers in Asia circulating large, crown size silver coins like Great Britain, Spain, and France. Trade Dollars were not circulated in the United States but were legal tender. The main reason for this was because Trade Dollars had a slightly higher silver content than the Seated Liberty Dollar and Morgan Dollar which were minted for circulation in America. As had been intended, many Trade Dollars ended up in the orient.
Some of them have oriental chopmarks which were counterstamps from the orient. Many trade dollar coins of the western powers and of the large silver coins from China, Korea, and Japan have these chopmarks. Coins with chopmarks are worth less than those without. The United States Trade Dollar officially was terminated in 1887, and all non-mutilated outstanding Trade Dollars were redeemed by the United States Treasury.
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United States Gold Bureau is a private distributor of Gold, Silver & Platinum coins from the U.S. Mint and is not affiliated with the U.S. Government. Information on this web site is intended for educational purpose only and is not to be used as investment advice or a recommendation to buy sell or trade any asset that requires a licensed broker. As with all investments there is risk and the past performance of a particular asset class does not guarantee any future performance. The United States Gold Bureau, principals and representatives do not guarantee to clients that they will realize a profit or guarantee that losses may not be incurred as a result of following its coin collecting recommendations, or upon liquidation of coins bought from the U.S. Gold Bureau. All content and images are owned by USGB and may not be reproduced without written authorization. Copyright 2013.
