1879 Trade Dollar 420 Grains 900 Fine Price
The 1879 Trade Dollar 420 Grains 900 Fine Price is a highly sought-after coin by collectors and investors alike. This particular coin is considered rare due to its low mintage numbers and its historical significance. In this article, we will explore the history of the 1879 Trade Dollar and its current market value.
History of the 1879 Trade Dollar
The 1879 Trade Dollar was minted in response to the growing trade between the United States and Asia. The coin was designed by William Barber and features Lady Liberty on the obverse and an eagle with outstretched wings on the reverse. The coin was made of 90% silver and weighed 420 grains.
The 1879 Trade Dollar had a mintage of only 750,000, which is considered to be low for a U.S. coin. The coin was primarily produced for trade in Asia, but it was also used as currency in the United States.
Despite its intended use for trade, the 1879 Trade Dollar was not well-received in Asia. The weight and fineness of the coin were not standardized, which caused confusion and mistrust among merchants. As a result, the coin was largely unsuccessful in its intended purpose.
Current Market Value
The current market value of the 1879 Trade Dollar 420 Grains 900 Fine Price varies depending on its condition and rarity. A coin in good condition can fetch anywhere from $500-$1000, while a coin in excellent condition can sell for upwards of $10,000.
As with any coin, the value of the 1879 Trade Dollar is largely determined by supply and demand. Due to its low mintage numbers and historical significance, the coin is highly sought-after by collectors and investors alike. This has driven up the price of the coin over the years.
If you are interested in purchasing an 1879 Trade Dollar 420 Grains 900 Fine Price, it is important to do your research and purchase from a reputable dealer. This will ensure that you are getting an authentic coin at a fair price.
Conclusion
The 1879 Trade Dollar 420 Grains 900 Fine Price is a rare and valuable coin that holds a special place in American history. Its low mintage numbers and historical significance make it a highly sought-after coin by collectors and investors alike. If you are interested in purchasing an 1879 Trade Dollar, be sure to do your research and purchase from a reputable dealer.