Mint struck a special silver Trade Dollar. This coin was not meant to circulate in the United States; but was intended for circulation overseas as a way to establish trade and compete with other major world coins.Struck in 27.2 grams of 90% fine silver, the Trade Dollar is about 1.8% heavier than a Morgan Silver Dollar. It also featured an attractive design created by U. Mint Chief Engraver William Barber that depicted Liberty offering an olive branch across the sea while seated next to bales of wheat and other American traded goods. The reverse showed an American Bald Eagle, its wings spread, holding three arrows in its right talon and an olive branch in its left. While most of these coins were sent to China and the Far East and circulated reasonably well, many made their way back home through American commercial channels.
Once home, they never really caught on. Those coins that did return were often damaged by chop marks stamped into them by Chinese merchants after their weight and value were verified. They also proved to be a headache for consumers when used for commerce in America where they often traded for less than a dollar. The coins were officially demonetized in 1876 and circulation strikes were discontinued altogether in 1878 with only special Proof versions struck through 1885. Silver Dollar collections have a Morgan, a Peace, and a Silver Eagle, but are sadly missing this important piece.
At more than 140 years old, these vintage coins are an important part of America's history. Add the legacy of this fascinating coin to your collection now before our limited supply dries up! This item is in the category "Coins\Coins\North & Central America\US\Dollars".
The seller is "1993ben" and is located in this country: AU. This item can be shipped worldwide.