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Very Nice 1874-CC American Silver Trade Dollar Fine Raw (WW495)

$ 211.72

Availability: 100 in stock
  • All returns accepted: Returns Accepted
  • Year: 1874
  • Item must be returned within: 14 Days
  • Coin: Trade Dollars
  • Condition: Fine
  • Grade: Ungraded
  • Mint Location: Carson City
  • Strike Type: Business
  • Circulated/Uncirculated: Circulated
  • Refund will be given as: Money Back
  • Country/Region of Manufacture: United States
  • Certification: Uncertified
  • Composition: Silver
  • Return shipping will be paid by: Buyer
  • Denomination:

    Description

    Specifications:
    Coin
    Trade Dollar
    Year
    1874
    Mint
    CC
    Graded
    No
    Certified By
    Uncertified
    Grade
    Fine
    ZNX
    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.
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