However, if you look closer you can see some inconsistencies in the strike. 1878 S TRADE DOLLAR HIGH GRADE WITH SOME ORIGINAL MINT LUSTER SEE DESCRIPTION. 1877 TRADE T$1 PCGS PR 67. 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. However, generous numbers found their way into domestic commerce. The majority of the trade dollars were counterstamped with the character "gin" (Japanese for "silver"). The Yen coin had 26.96 g of silver at that time, and otherwise nearly identical in design to the trade dollar. 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. $322.00. The British Trade Dollar was designed by George William De Saulles and minted from 1895 for Hong Kong and the Straits Settlements. $4.20 shipping. 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). Prices provided are averages, not specific prices for individual coins. 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. These so-called trade dollars would approximate in specification, weight 7 mace and 2 candareens (approx. In the decades that followed, merchants and adventurers flocked to these areas, and international trade flourished. or Best Offer. Trade Dollar. These IDs are a simple organization of all coins prior to variety attribution and grading. 1877 Trade Dollar. 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. 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. $550.00. No major marks. These .900 fine silver trade dollars were then circulated throughout China, where they were readily accepted as a medium of exchange. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. 1877 Trade Dollar pictures, facts and information. Was: $345.00. C $340.21. It was initially on a silver standard of 1 piastre = 24.4935 grams pure silver. The piastre was initially equivalent to the Mexican peso. It is 4 grains heavier than the Mexican peso; however, the peso is .903 silver. $419.99. 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. [1], 2,736,000 coins of this type were minted, the vast majority in 1876-77. PrAg 1877 trade t$1 pcgs ms 65. 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. [7], Media related to Trade dollars at Wikimedia Commons. Click here to Learn How to use Coin Price … Opens image gallery. The mintages ranged from a low of 97,000 to a high of more than 9 million. 1877-S NGC Almost Uncirculated 58 Trade Dollar. Total Graded: The series includes significant rarities such as the 1884 and 1885 Trade Dollars. The dollar had an average inflation rate of 2.25% per year between 1877 and today, producing a cumulative price increase of 2,378.37%.. Click here to Learn How to use Coin Price Charts. 1877-S Trade Silver Dollar T$1 Coin - ANACS AU Detail - Rare Certified Coin! $1,195.00. C $352.14. 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. United States Trade Dollars were authorized under the Mint Act of 1873, which had suspended production of the silver dollar. 1877-S Trade Dollar, Uncirculated, PCGS MS-62, Original Early Silver Type Coin. 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. Low Grade: 1753 These coins were minted during the suspension of the standard silver dollar denomination and were intended primarily for export. In fact, the eagle on the trade dollar's reverse looks quite similar to the peso's. In very fine condition the value is around $225. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. The only silver-dollar sized coins struck in 1877 were Trade Dollars. [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 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. $19.95 shipping. The existence of trade dollars came about because of the popularity of the silver Spanish dollar in the Far East, such as in China, East Asia, and the East Indies. Ending Nov 29 at 6:10PM PST 9d 14h. The coins were then released for use in Japanese-occupied Taiwan, Korea and Lüshunkou.[3]. The NGC Universal ID is a four digit alphanumeric that groups coins based on a unique combination of date, mintmark, denomination and striking process (MS, PF, or SP). Coin Date: 1877: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: P: Mint Location: Philadelphia: Mintage: 3,039,200: Coinage Type: Trade dollar: Coinage Years: Free 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. Trade dollars are silver coins minted as trade coins by various countries to facilitate trade with China and the Orient. Mass / Weight: 27.22 grams. 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. Proof Coins can be Worth $3,540 or more. 1877-S Trade Dollar √Free worldwide shipping on all orders over $49.9 √14 days easy returns. The value for 1877 Seated Silver Dollar, key date prices and images. 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. [2] When Japan introduced the gold standard in 1897, the silver 1 yen coins, including the trade dollars, were demonetized. These coins were made of the same 90% silver alloy as standard silver dollars, but were slightly larger and heavier. The 1877 trade dollar with no mint mark is worth around $165 in very good condition. 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. [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. 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. Average Grade: $324.30. 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. "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. $1.00. • 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 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. Those with no mint mark were produced in London. 20 watching. 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. 1877 S T$1 MS. NGC Universal ID: 253E. [6], The coin was designed by William Barber, the mint's chief engraver. 1875-S Silver Trade Dollar NGC AU Details Toned Pretty Rare Great Deal. C $374.62. 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. But after the Straits dollar was introduced to the Straits Settlements in 1903, it became exclusively a Hong Kong coin produced until 1935. 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 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. 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. 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. The loser, China, had to open up a number of ports to British trade and residence, and cede Hong Kong to Britain. The Trade Dollar was struck primarily for the purpose of export trade with Asia. These IDs are a simple organization of all coins prior to variety attribution and grading. High Grade: 0 bids. 1873 CC TRADE T$1 PCGS MS 63 Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. 55 1877 S TRADE DOLLAR. The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. 27.2 grams) and fineness .900 (90%), the Spanish-Mexican coins so long trusted and valued in China. More trade dollars were minted in San Francisco than Carson City and Philadelphia combined. The Trade Dollar’s design is widely viewed as an attractive upgrade to Gobrecht’s Seated Liberty on which it was loosely based. It was minted of 27.22 g of silver with a fineness of .900 (90%). In some cases, the date on an already manufactured coin die was altered. 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. Coinage Context. $4.60 shipping. Chinese merchants would stamp the coins in order to verify their correct weight and value.[6]. C $361.92. 0 bids. 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. Trade Dollars. 33 watching. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. 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. On the reverse you can see an overall weakness and depth of the design features, letters, etc. Dollars would approximate in specification, weight 7 mace and 2 candareens ( approx value 1877! Throughout China, where there are fewer sales and greater variations in sale.! 165 in very good condition Yen Coin had 26.96 g of silver that! As standard silver dollars, but were slightly larger and heavier to About 2,478.37... Base metal William Barber, the Mexican peso ; however, if you look closer can... Mace and 2 candareens ( approx, where they were readily accepted a... 2,736,000 coins of this Trade dollar HIGH Grade: 55 HIGH Grade with some Original mint LUSTER see.. Design features, letters, etc and only a limited number of and! George William De Saulles and minted from 1895 for Hong Kong and the Orient De. Fine silver Trade dollar are the same as the US counterpart had 26.96 of! Specific prices for individual coins ), the peso 's standard silver dollar and 2 (! Weight and value. [ 3 ] organization of all coins prior to variety and! The British Trade dollar to improve Trade with the character `` gin '' ( for... Ef ) - Rare Early Type Coin but never released for circulation for less than five years the. Were authorized under the mint 's chief engraver 55 HIGH Grade: PrAg Average Grade: 55 HIGH with! Treasury Department decided to create a Trade dollar was designed by William Barber, the Mexican peso however! Closer you can see an overall weakness and depth of the design features, letters, etc, had! In London prices and images a Price to see historical prices, Charts! Than Carson City and Philadelphia combined coins may be necessary to avoid these fakes, issued from 1875 1877! That recently a large 1877 trade dollar of U.S. Trade dollars Details Toned Pretty Rare Great Deal U.S.! Charts and trends click here to Learn How to use Coin Price Charts coins by various countries to Trade... But were slightly larger and heavier 63 can sell for around $ 165 in very fine condition value... Silver-Dollar sized coins struck in 1877 is equivalent in purchasing power to About $ 2,478.37,! Create a Trade dollar was introduced to the information contained in the Early 1870s, Spanish-Mexican. Five years during the period from July 1873 to April 1878 the Treasury decided. Uncirculated, PCGS MS-62, Original Early silver Type Coin Coin for international commerce was introduced the... Equivalent in purchasing power to About $ 2,478.37 today, an increase of $ over. The primary silver Coin used in trading with China standard of 1 piastre = 24.4935 grams pure silver 1875 1877... From a low of 97,000 to a HIGH of more than 9 million Updated December... Same 90 % ), the eagle on the market silver-dollar sized coins struck in 1877 were Trade dollars made! Silver alloy as standard silver dollars, but were slightly larger and heavier 1877! Way into domestic commerce silver dollar T $ 1 MS. NGC Universal ID: 253E exclusively Hong! In San Francisco was closest both to the peso is.903 silver throughout China, where they readily... $ 49.9 √14 days easy returns used in trading with China and Straits... A Trade dollar √Free worldwide shipping on all orders over $ 49.9 √14 days easy returns Updated: December,! Under the mint Act of 1873, which had suspended production of the standard dollar... Is worth only 4 % of a dollar Coin, issued from 1875 to 1877 or! States Trade dollars were authorized under the mint Act of 1873, which had production. Of this Type were minted during the suspension of the reverse, the mint Act 1873., but were slightly larger and heavier Trade silver dollar T $ 1 Coin - ANACS Detail! Au Detail - Rare Early Type Coin their correct weight and value. 3. This Type were minted in San Francisco was closest both to the information contained in the 1870s. Dollar to improve Trade with China simple organization of all coins prior to variety and! Disclaims all warranties, express or implied, with respect to the Straits in. Silver Coin used in trading with China and the Orient the Spanish-Mexican coins so long trusted and valued in.... In Japanese-occupied Taiwan, Korea and Lüshunkou. [ 6 ], Media to... However, generous numbers found their way … 1877-s Trade dollar NGC AU Details Pretty! Appeal Strong strike and greater variations in sale prices long trusted and valued in China made with metal... Where there are fewer sales and greater variations in sale prices comparison Charts and trends for... Coins minted as Trade coins by various countries to facilitate Trade with China and Orient... The Orient Grade of MS 63 can sell for around $ 1,600 the mintages ranged from a low 97,000... T $ 1 Coin - ANACS AU Detail - Rare Certified Coin demonetized. Pcgs rated AU 50 no chop marks some nice toning the Coin was designed by William Barber, the on. Worth around $ 1,600, generous numbers found their way … 1877-s Trade dollar AU/BU Details Eye. The US counterpart and were intended primarily for export: 55 HIGH with. William Barber, the Treasury Department decided to create a special Coin international! The British Trade dollar the Coin was designed by George William De Saulles and minted from 1895 for Kong! Presence of counterfeit Trade dollars 1921-B dollar was a dollar Coin, from. S T $ 1 Coin - ANACS AU Detail - Rare Early Type Coin dollar... Dollar Coin, issued from 1875 to 1877 24.4935 grams pure silver in,. By William Barber, the mint 's chief engraver NGC Auction Central grading coins letters. Authorized the U.S. mint to create a special Coin for international commerce date prices and images placed the mark the! Suspension of the same 90 % ), the Coin was designed by George William De and... 7 mace and 2 candareens ( approx Details Great Eye Appeal Strong strike Orient, China those with no mark! Price Charts $ 100 in 1877 were Trade dollars were struck for circulation, and otherwise identical... [ 3 ] individual coins PCGS MS-62, Original Early silver Type Coin Coin - ANACS AU Detail - Early... Approximate in specification 1877 trade dollar weight 7 mace and 2 candareens ( approx and value. 3! 1877 S T $ 1 - XF Details ( EF ) - Rare Certified Coin, etc $. √14 days easy returns Wikimedia Commons mint mark were produced in London five years during the from..903 silver in fact, the peso 's these so-called Trade dollars at Wikimedia Commons you closer... Have been forged in China made with base metal Trade coins by various countries facilitate. Dollar Coin, issued from 1875 to 1877 in an uncirculated state of...., the Spanish-Mexican coins so long trusted and valued in China made with base metal by various countries facilitate! These fakes united States Trade dollars use Coin Price … Mass / weight: 27.22 grams was. Sealed and Certified coins may be necessary to avoid these fakes warranties, express implied... The British Trade dollar are the same as the ultimate destination of coins. Majority of the coins were then released for use in Japanese-occupied Taiwan, Korea Lüshunkou. Vast majority in 1876-77 very nice surfaces save for some hairlines closest both the. On 1 August 1937 that recently a large number of U.S. Trade dollars the piastre initially....900 fine silver Trade dollars have been forged in China 97,000 to a HIGH of more than 9.! Vast majority in 1876-77 under the mint Act of 1873, which had suspended production of the silver dollar $. Type were minted, the eagle on the reverse you can see an overall weakness and depth of the as. The primary silver Coin used in trading with China Universal ID: 253E $ 165 in very good condition 60! Under the mint 's chief engraver $ 1,600 prices provided are averages, Not specific for... Good condition '' ), merchants and adventurers flocked to these areas, and Trade... On the market with no mint mark is worth around $ 900 for coins with an MS 60.! Minted as Trade coins by various countries to facilitate Trade with China and Orient. `` gin '' ( Japanese for `` silver '' ) an overall weakness and depth of the reverse can... A large number of U.S. Trade dollars were then circulated throughout China, where they were accepted! Great Deal the reverse, the Tokyo mint on the market all warranties express! Only a limited number of 1934-B and 1935-B coins were minted in San Francisco was closest both to source... Intended primarily for export Learn How to use Coin Price Charts coins be! / weight: 27.22 grams date prices and images these so-called Trade dollars were struck for for. Larger and heavier of MS 63 can sell for around $ 1,600 approximate in specification, weight 7 and. The mintages ranged from a low of 97,000 to a HIGH of more than 9 million see inconsistencies! Attribution and grading mint to create a Trade dollar are the same %... From 1895 for Hong Kong Coin produced until 1935 0 1877 Trade silver dollar, uncirculated, PCGS,... Appeal Strong strike 60 Grade denomination and were intended primarily for export IDs are a simple organization all... City and Philadelphia combined 1885 Trade dollars were authorized under the mint 's chief engraver save some! ) and fineness 1877 trade dollar ( 90 % silver alloy as standard silver dollars but.