United States. Trade Dollar 1876

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Current bid
€ 100
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Ugo Leca
Expert
Selected by Ugo Leca

Fifteen years' experience with top coin companies; expert in French and gold coins.

Estimate  € 500 - € 600
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1876 United States Trade Dollar, weighing 27.33 g of 900 fine silver (420 grains), minted for foreign trade and not legal tender in the United States, with 456,150 pieces struck.

AI-assisted summary

Description from the seller

The American dollar was issued in 1873 specifically for trade with China, since it maintained the silver standard unlike other countries. Therefore, it also indicates the silver content in grains: "420 grains 900 FINE."
And although they were not officially released into the US domestic market, they were still legal tender in the United States. However, in 1876, silver fell a lot relative to gold. The coins created for foreign trade were bought for an amount equivalent to 80 cents, brought to the United States and purchased at face value. Therefore, Congress passed a law that abolished their status as legal tender in the United States. This is the only coin minted in the United States in millions of copies with the inscription "UNITED STATES of AMERICA", but it is not a means of payment in its own country.
From 1879 to 1885, these coins were produced in small editions for collectors.
Minting only 456,150 specimens.

The American dollar was issued in 1873 specifically for trade with China, since it maintained the silver standard unlike other countries. Therefore, it also indicates the silver content in grains: "420 grains 900 FINE."
And although they were not officially released into the US domestic market, they were still legal tender in the United States. However, in 1876, silver fell a lot relative to gold. The coins created for foreign trade were bought for an amount equivalent to 80 cents, brought to the United States and purchased at face value. Therefore, Congress passed a law that abolished their status as legal tender in the United States. This is the only coin minted in the United States in millions of copies with the inscription "UNITED STATES of AMERICA", but it is not a means of payment in its own country.
From 1879 to 1885, these coins were produced in small editions for collectors.
Minting only 456,150 specimens.

Details

Era
1400-1900
Over 200 years old
No
Country/province
United States
Year/Period and Variation
1876
Denomination
Trade Dollar
Precious metal
Silver
Condition
Ungraded
Weight
27.33 g
Number of items
1
Theme
History
PortugalVerified
198
Objects sold
88.89%
Private

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