The 1879 Trade Dollar 420 Grains 900 Fine is a rare coin that holds significant historical and monetary value. The coin was minted in the United States during a time when trade with Asia was booming.
The History of the 1879 Trade Dollar
The Trade Dollar was first produced in 1873 as a result of the Coinage Act, which authorized the creation of a new silver dollar. This new coin was intended for use in international trade with Asia, and it was minted with a higher silver content than the regular silver dollar.In 1879, the Trade Dollar was produced with a weight of 420 grains and a fineness of 900, which means that it was made up of 90% silver and 10% copper. This particular coin was produced at the Philadelphia Mint.
Design of the 1879 Trade Dollar
The obverse of the 1879 Trade Dollar features a depiction of Lady Liberty seated with a shield and an olive branch in one hand and a bundle of arrows in the other. The reverse of the coin features an eagle with wings spread, clutching arrows and an olive branch in its talons.
Value of the 1879 Trade Dollar
The value of the 1879 Trade Dollar can vary greatly depending on its condition and rarity. As of August 2021, the value of a circulated 1879 Trade Dollar can range from $200 to $300. However, a coin in excellent condition can be worth upwards of $5,000.
Rarity of the 1879 Trade Dollar
The 1879 Trade Dollar is considered a rare coin due to its limited mintage. Only 874,500 coins were produced in 1879, which is a relatively small number compared to other coins from the time period.
The Importance of Grading
When it comes to determining the value of a coin, grading is crucial. Grading refers to the process of determining the condition of a coin based on its wear and tear. Coins that are in excellent condition will be worth more than those that are heavily worn.
Grading Scale
Coins are graded on a scale from 1 to 70, with 70 being a perfect coin with no wear at all. A coin that is graded as a 1 will be heavily worn and barely recognizable, while a coin that is graded as a 70 will be in perfect condition.
Factors That Affect Value
In addition to grading, there are several other factors that can affect the value of a coin. These include the rarity of the coin, the demand for the coin, and the historical significance of the coin.
Investing in Coins
Investing in coins can be a lucrative way to diversify your portfolio. However, it is important to do your research and understand the factors that affect the value of a coin before making any investments.
Conclusion
The 1879 Trade Dollar 420 Grains 900 Fine is a rare and valuable coin that holds significant historical and monetary value. Its limited mintage and unique design make it a highly sought-after coin among collectors and investors alike. If you are interested in investing in coins, be sure to do your research and consult with a professional before making any purchases.
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