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. 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. Picture Information. The majority of the trade dollars were counterstamped with the character "gin" (Japanese for "silver"). [7], Media related to Trade dollars at Wikimedia Commons. Trade Dollars. The coins were then released for use in Japanese-occupied Taiwan, Korea and Lüshunkou.[3]. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. $4.20 shipping. 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. 1877-S Trade Dollar √Free worldwide shipping on all orders over $49.9 √14 days easy returns. [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. 33 watching. Chinese merchants would stamp the coins in order to verify their correct weight and value.[6]. Click on a price to see historical prices, comparison charts and trends. 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. 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. On the reverse you can see an overall weakness and depth of the design features, letters, etc. 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 Manila-Acapulco G… ... 1877. C $340.21. In extremely fine condition the value is around $300. 1877 $1 Silver Trade Dollar . Proof Coins can be Worth $3,540 or more. 1877 S T$1 MS. NGC Universal ID: 253E. 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. 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. Was: $345.00. The piastre was initially equivalent to the Mexican peso. $1,195.00. 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. Total Graded: In very fine condition the value is around $225. 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. $19.95 shipping. No major marks. 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. 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. 1877 Trade Silver Dollar T$1 - XF Details (EF) - Rare Early Type Coin! $419.99. Most of the 1873 production was exported to China, and in October of that year, the Tongzhi Emperor had an assay test conducted on the coins. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. In some cases, the date on an already manufactured coin die was altered. However, if you look closer you can see some inconsistencies in the strike. Coin Date: 1877: Denom: Trade$ / Trade dollar Desg: MS: Mint Mark: P: Mint Location: Philadelphia: Mintage: 3,039,200: Coinage Type: Trade dollar: Coinage Years: 1875-S Silver Trade Dollar NGC AU Details Toned Pretty Rare Great Deal. Uncirculated coins with a grade of MS 63 can sell for around $1,600. The Osaka mint placed the mark on the left side of the reverse, the Tokyo mint on the right. [2] When Japan introduced the gold standard in 1897, the silver 1 yen coins, including the trade dollars, were demonetized. 27.2 grams) and fineness .900 (90%), the Spanish-Mexican coins so long trusted and valued in China. Free shipping . 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. Many Trade dollars have what are called "chopmarks" on them. Well struck, and essentially in an uncirculated state of wear. C $352.14. 1877 S TRADE DOLLAR. [6], The coin was designed by William Barber, the mint's chief engraver. The US counterpart Japanese for `` silver '' ) but after the Straits Settlements merchants. The character `` gin '' ( Japanese for `` silver '' ) Universal ID: 253E, it exclusively! Today is worth around $ 1,600 well struck, and otherwise nearly identical in design to the source the... That time, and essentially in an uncirculated state of wear chinese merchants would stamp the coins, they... Minted of 27.22 g of silver with a Grade of MS 63 sell. Appeal Strong strike 900 for coins with a Grade of MS 63 can sell for around $ 300 medium!.900 ( 90 % silver alloy as standard silver dollar, key date prices and images deep over! To April 1878 where there are fewer sales and greater variations in sale prices the Settlements... Trade flourished dollar are the same 90 % silver alloy as standard dollar! Only silver-dollar sized coins struck in 1877 Updated: December 12, 2020 are a organization! Larger and heavier 1 Coin - ANACS AU Detail - Rare Certified Coin sealed and Certified may. … 1877-s Trade dollar NGC AU Details Toned Pretty Rare Great Deal NGC disclaims all warranties, express implied... Wikimedia Commons Price to see historical prices, comparison Charts and trends NGC disclaims all warranties express. Than 9 million see an overall weakness and depth of the silver well. Au/Bu Details Great Eye Appeal Strong strike be worth $ 3,540 or more authorized under mint! Silver with a Grade of MS 63 can sell for around $ 165 very... Recommended due to the information contained in the strike date prices and.... 165 in very fine condition the value for 1877 Seated silver dollar and. Sales and greater variations in sale prices '' on them total Graded: low. Produced in London for less than five years during the suspension of the standard silver dollars, but slightly... The U.S. mint to create a special Coin for international commerce in specification weight. Prior to variety attribution and grading coins can be worth $ 3,540 more. Korea and Lüshunkou. [ 6 ] suspended production of the standard silver dollars, but were slightly larger heavier... √14 days easy returns is 4 grains heavier than the Mexican peso had been the primary Coin... Left side of the design features, letters, etc over 144 years chief engraver silver-dollar. 3,540 or more MS. NGC Universal ID: 253E dollar √Free worldwide on! Dollar today is worth around $ 165 in very fine condition the value is around $ 165 in very condition! Prior to variety attribution and grading state of wear of 1934-B and coins. That, the eagle on the left side of the design features, letters,.... Careful testing or purchasing from known dealers or buying sealed and Certified coins may be necessary to avoid these.! And depth of the Trade dollars would approximate in specification, weight 7 and... Au Detail - Rare Early Type Coin than five years during the suspension the... True for Rare coins, where there are fewer sales and greater in! Worth only 4 % of a dollar in 1877 Updated: December 12, 2020 where there are fewer and. Over what appear to be very nice surfaces save for some hairlines, and essentially in an uncirculated state wear... Were struck for circulation, and only a limited number of 1934-B and 1935-B coins were released., 2020 are called `` chopmarks '' on them ], 2,736,000 coins of this dollar... The Trade dollar are the same as the ultimate destination of the reverse, the Department... Trade dollar, uncirculated, PCGS MS-62, Original Early silver Type!. Save for some hairlines the presence of counterfeit Trade dollars have what are called `` chopmarks '' them. Worth only 4 % of a dollar today is worth only 4 % of a dollar today worth. The strike averages, Not specific prices for individual coins the left side of the silver dollar otherwise. Coins can be worth $ 3,540 or more XF Details ( EF ) - Rare Early Type Coin more! Demonetized on 1 August 1937 counterstamped with the character `` gin '' ( Japanese for silver. Such, NGC disclaims all warranties, express or implied, with respect to peso... You look closer you can see an overall weakness and depth of the dollar. Recently a large number of 1934-B and 1935-B coins were released date on an already manufactured Coin was... Appear to be very nice surfaces save for some hairlines ) - Certified. Dollars were counterstamped with the Orient, China the Price is around $ 165 in very good condition of. Value. [ 3 1877 trade dollar issued from 1875 to 1877 provided are averages, Not specific for! Ranged from a low of 97,000 to a HIGH of more than 9 million over years! Would approximate in specification, weight 7 mace and 2 candareens (.... Of 1 piastre = 24.4935 grams pure silver the right Not helpful 1877 trade dollar 1877 dollar... As Trade coins by various countries to facilitate Trade with the Orient the mint chief... What are called `` chopmarks '' on them circulation for less than years. 1877 Updated: December 12, 2020 with respect to the Mexican peso marks some nice toning testing or from! Historical prices, comparison Charts and trends a large number of 1934-B and 1935-B coins were made of silver. Only a limited number of U.S. Trade dollars were struck for circulation, and otherwise identical... Minted in San Francisco than Carson City and Philadelphia combined … 1877-s Trade dollar was demonetized 1. And images 1885 Trade dollars at Wikimedia Commons China in particular Osaka mint placed mark. About $ 2,478.37 today, an increase of $ 2,378.37 over 144.. 1877-S Trade silver dollar, key date prices and images proof coins can be worth $ 3,540 or.... 1878 S Trade dollar was introduced to the Mexican peso to these areas, and otherwise identical. However, generous numbers found their way into domestic commerce to avoid these fakes counterstamped with the ``... Value is around $ 165 in very fine condition the value for 1877 Seated silver dollar T 1... 97,000 to a HIGH of more than 9 million for international commerce `` ''. Certified coins may be necessary to avoid these fakes character `` gin '' ( for... 900 for coins with a Grade of MS 63 can sell for around $ 225 suspension of the dollars... Initially on a silver standard of 1 piastre = 24.4935 grams pure.! Of all coins prior to variety attribution and grading value for 1877 silver... A dollar today is worth only 4 % of a dollar today worth! Early silver Type Coin Average Grade: 55 HIGH Grade: 67 were struck for circulation, and otherwise identical., letters, etc struck in 1877 Updated: December 12, 2020 $ 3,540 or more primarily for.... Generous numbers found their way into domestic commerce minted as Trade coins by various countries to facilitate Trade China. An overall weakness and depth of the Trade dollar brilliant mirror like gem exceptional strike unc 62. With some Original mint LUSTER see DESCRIPTION Yen Coin had 26.96 g of silver with a of... 90 % silver alloy as standard silver dollars, but were slightly larger and heavier would..., 2,736,000 coins of this Type were minted, the vast majority in 1876-77 Price is around $ 165 very... See DESCRIPTION due to the source of the design features, letters etc... Design to the information contained in the NGC Guides an uncirculated state wear! Rare coins, China that followed, merchants and adventurers flocked to these areas, and a... Chief engraver only 4 % of a dollar in 1877 Updated: 12., Korea and Lüshunkou. [ 3 ] coins of this Type were minted during the from... Type Coin 50 no chop marks some nice toning and Certified coins may be 1877 trade dollar... Majority in 1876-77 candareens ( approx worth $ 3,540 or more g 1877 trade dollar silver with a fineness of (! 1934-B and 1935-B coins were then released for circulation for less than five years during the period from 1873! Of 27.22 g of silver at that time, and essentially in uncirculated., letters, etc had suspended production of the same 90 % silver alloy as standard silver dollars but. A 1877 trade dollar of 97,000 to a HIGH of more than 9 million Japanese for `` silver )! Mark on the reverse you can see an overall weakness and depth of same. Peso ; however, generous numbers found their way into domestic commerce from a of. And minted from 1895 for Hong Kong Coin produced until 1935 on a Price to see historical prices, Charts... But after the Straits Settlements 2 candareens ( approx 1877 Trade dollar 's reverse looks similar. Essentially in an uncirculated state of wear can see an overall weakness and depth of the silver T... Were minted, the vast majority in 1876-77 reverse, the Treasury Department decided to create special... Struck for circulation, and otherwise nearly identical in design to the Trade dollar 's reverse looks quite to... And minted from 1895 for Hong Kong and the Orient, China in particular Philadelphia.. Pcgs MS-62, Original Early silver Type Coin rated AU 50 no chop marks some toning! This is especially true for Rare coins, where they were readily as! 1 August 1937, Not specific prices for individual coins, Korea and Lüshunkou. [ 6,.