$100 in 1877 is equivalent in purchasing power to about $2,478.37 today, an increase of $2,378.37 over 144 years. 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. These so-called trade dollars would approximate in specification, weight 7 mace and 2 candareens (approx. $324.30. San Francisco was closest both to the source of the silver as well as the ultimate destination of the coins, China. 1878 S TRADE DOLLAR HIGH GRADE WITH SOME ORIGINAL MINT LUSTER SEE DESCRIPTION. 1877 S TRADE DOLLAR XF DETAILS . $19.95 shipping. Those with the mint mark "B" were produced at the Bombay Mint; others, marked "C", were struck in Calcutta. As such the specifications of this trade dollar are the same as the US counterpart. Opens image gallery. Prior to that, the Mexican peso had been the primary silver coin used in trading with China. These IDs are a simple organization of all coins prior to variety attribution and grading. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. • 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 1921-B dollar was struck but never released for circulation, and only a limited number of 1934-B and 1935-B coins were released. The Trade Dollar’s design is widely viewed as an attractive upgrade to Gobrecht’s Seated Liberty on which it was loosely based. The British Trade Dollar was designed by George William De Saulles and minted from 1895 for Hong Kong and the Straits Settlements. No major marks. Many Trade dollars have what are called "chopmarks" on them. The only silver-dollar sized coins struck in 1877 were Trade Dollars. Total Graded: In extremely fine condition the value is around $300. These .900 fine silver trade dollars were then circulated throughout China, where they were readily accepted as a medium of exchange. 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. The United States Congress authorized the U.S. Mint to create a trade dollar to improve trade with the Orient, China in particular. Click here to Learn How to use Coin Price … 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. Trade Dollar. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. Low Grade: $4.20 shipping. Also, click here to Learn About Grading Coins. Trade Dollars. 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. However, generous numbers found their way … In uncirculated condition the price is around $900 for coins with an MS 60 grade. $1.00. The 1877 trade dollar with no mint mark is worth around $165 in very good condition. United States Trade Dollars were authorized under the Mint Act of 1873, which had suspended production of the silver dollar. 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. 1875-S Silver Trade Dollar NGC AU Details Toned Pretty Rare Great Deal. 1877 TRADE T$1 PCGS PR 67. 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 coins were then released for use in Japanese-occupied Taiwan, Korea and Lüshunkou.[3]. The mintages ranged from a low of 97,000 to a high of more than 9 million. 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 value for 1877 Seated Silver Dollar, key date prices and images. 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. 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. 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. Helpful 0 Not Helpful 0 As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. $322.00. The Trade Dollar was struck primarily for the purpose of export trade with Asia. The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. "China trade silver dollars" were a direct result of the First (1839–1842) and Second Opium War (1856–1860), which broke out when Chinese authorities tried to stop Britain from smuggling opium into the country. Chinese merchants would stamp the coins in order to verify their correct weight and value.[6]. Free shipping . $4.60 shipping. 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. Deep color over what appear to be very nice surfaces save for some hairlines. The Manila-Acapulco G… 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. Those with no mint mark were produced in London. Image not available. 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. 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. More trade dollars were minted in San Francisco than Carson City and Philadelphia combined. 1753 $419.99. 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. Prices provided are averages, not specific prices for individual coins. Picture Information. In the decades that followed, merchants and adventurers flocked to these areas, and international trade flourished. However, if you look closer you can see some inconsistencies in the strike. 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. 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 loser, China, had to open up a number of ports to British trade and residence, and cede Hong Kong to Britain. 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. On the reverse you can see an overall weakness and depth of the design features, letters, etc. Collectors are warned that recently a large number of U.S. Trade dollars have been forged in China made with base metal. 1877-S NGC Almost Uncirculated 58 Trade Dollar. 1877 S T$1 MS. NGC Universal ID: 253E. 1877-S Trade Dollar AU/BU Details Great Eye Appeal Strong Strike. 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. 1877-S Trade Silver Dollar T$1 Coin - ANACS AU Detail - Rare Certified Coin! Why a dollar today is worth only 4% of a dollar in 1877 Updated: December 12, 2020. The piastre was initially equivalent to the Mexican peso. 0 bids. [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 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). Trade Dollars were struck for circulation for less than five years during the period from July 1873 to April 1878. 0 bids. 33 watching. It was minted of 27.22 g of silver with a fineness of .900 (90%). 1877 Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! It is 4 grains heavier than the Mexican peso; however, the peso is .903 silver. The series includes significant rarities such as the 1884 and 1885 Trade Dollars. Was: $345.00. 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. 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. [1], 2,736,000 coins of this type were minted, the vast majority in 1876-77. 1877 $1 Silver Trade Dollar . 27.2 grams) and fineness .900 (90%), the Spanish-Mexican coins so long trusted and valued in China. Do you have a 1877worth $9,775? However, generous numbers found their way into domestic commerce. Click here to Learn How to use Coin Price Charts. In some cases, the date on an already manufactured coin die was altered. 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. [2] When Japan introduced the gold standard in 1897, the silver 1 yen coins, including the trade dollars, were demonetized. PrAg 55 Mass / Weight: 27.22 grams. 1877 silver trade dollar icg au53 really nice . These IDs are a simple organization of all coins prior to variety attribution and grading. C $352.14. The British Trade Dollar was demonetized on 1 August 1937. But after the Straits dollar was introduced to the Straits Settlements in 1903, it became exclusively a Hong Kong coin produced until 1935. Coinage Context. Third party encapsulation is recommended due to the presence of counterfeit Trade Dollars on the market. Uncirculated coins with a grade of MS 63 can sell for around $1,600. 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. The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. 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. $1,195.00. In fact, the eagle on the trade dollar's reverse looks quite similar to the peso's. C $374.62. Free shipping . Trade dollars are silver coins minted as trade coins by various countries to facilitate trade with China and the Orient. 1877 S TRADE DOLLAR. In the early 1870s, The Treasury Department decided to create a special coin for international commerce. 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). 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