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Sunday, June 23, 2013

Trade Dollars

The Trade Dollars were not intended to circulate in the United States.  They were intended to be used for payment to the Orient, and differed from circulating dollars by containing slightly more silver, to appease foreign merchants.  They were only minted from 1873 to 1885.  These are not very common, and can command a nice price if in a higher grade.


Be careful.  These can and have been counterfeited.  I have seen one in an online auction with a date not in the range they were minted.  In fact, the date preceded the existence of the United States, so it could not have been any U. S. coin!


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