Description: CoinUS Trade Silver DollarYear1875-SMintSan FranciscoGraded byPCGSGradeAU 58Type 1 Obverse and ReverseSKU42722426.nsxNotesProduct DetailsThis coin is graded by PCGS. You will receive the pictured coin. You are Buying a 1875-S Trade Dollar graded AU58 by PCGS and CAC Approved. A nice original coin with Type One Obverse and Reverse. This is an excellent coin to add to your collection.Coin Features:Graded AU58 CACCAC VerifiedKnown as a Trade DollarObverse: Liberty Seated on Tread goods facing West. Bearing an Olive BranchReverse: Forward Facing Eagle bearing arrows and an olive branch. weight standards for coin under the Eagle.Trade Dollars (1873-1885) - As the United States spread across the continent merchants on the west coast were increasingly dependent on trade with nations from the Far East. The preferred medium of exchange in the Orient was the Spanish Milled dollar, most of which were at the time produced in the lucrative Potosi Mints. The Seated dollar used domestically in the U.S. was slightly lighter and contained less silver. This difference forced traders to exchange the U.S. species for the Spanish examples at a premium. Eventually Congress created legislation to create a heavier commercial trade instrument and through the Coinage Act of 1873 the Trade Dollar was born. Traders could deposit silver with the Treasury in exchange for the new dollar. The new coin was meant for export only, but found use in the western states where silver dollars were scarce and paper money equivalents were often not accepted. As the price of silver decreased the Trade dollar was discontinued and in the final years the denomination was produced as Proof Examples. The storied past and the elusive nature of this interesting dollar type makes the Trade dollar popular among modern collectors. Many seek the mutilated examples with Chinese chop marks punched into the surface which denoted the coin having been tested by the Asian merchants.
Price: 1104.99 USD
Location: Houston, Texas
End Time: 2024-10-09T17:20:02.000Z
Shipping Cost: 5 USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Certification: PCGS & CAC
Strike Type: Business
Year: 1875
Denomination: T$1
Mint Location: San Francisco
Circulated/Uncirculated: Circulated
Grade: AU 58
Fineness: 0.9
Composition: Silver
Coin: Trade Dollars
Country/Region of Manufacture: United States
