1872 Trade Dollar Coin 420 Grains 900 Fine
One of the most sought-after coins by collectors and investors alike is the 1872 Trade Dollar Coin. This coin was minted for only five years, from 1873 to 1878, and was used primarily for trade with China and other Asian countries. It weighs 420 grains and is made of 90% silver, which makes it a valuable addition to any coin collection.
History of the 1872 Trade Dollar Coin
The 1872 Trade Dollar Coin was first introduced by the United States Mint in an attempt to compete with the silver dollar coins of other countries, particularly those in the Far East. The coin was intended to be used in trade with China, Japan, and other Asian countries, where silver coins were the preferred currency. However, the coin was not well-received in the United States and was eventually discontinued in 1878.
Design of the 1872 Trade Dollar Coin
The obverse of the 1872 Trade Dollar Coin features a portrait of Liberty wearing a Phrygian cap, which symbolizes freedom. She is surrounded by the words "United States of America" and "In God We Trust." The reverse of the coin features an eagle with outstretched wings, perched on a branch with arrows and an olive branch in its talons. The words "Trade Dollar" and "420 GRAINS 900 FINE" are inscribed on the coin.
Value of the 1872 Trade Dollar Coin
The value of the 1872 Trade Dollar Coin can vary depending on its condition, rarity, and historical significance. As of 2021, a raw, uncirculated 1872 Trade Dollar Coin can sell for anywhere between $1,500 and $5,000. However, a certified, mint-state coin with a high grade can sell for upwards of $50,000.
Conclusion
The 1872 Trade Dollar Coin is a fascinating piece of American history that played an important role in international trade during the late 19th century. Its unique design and limited mintage make it a valuable addition to any coin collection. Whether you're a collector or an investor, the 1872 Trade Dollar Coin is definitely worth considering.