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The distributor of the coin, National Collector's Mint, advertises the item as "legally authorized government issue" and marks the coin with the valuation of "One Dollar". This is seen as being a deliberate attempt to mislead American consumers into believing it is a legal tender coin produced by the United States Mint and is worth one U.S. dollar.
The United States trade dollar was a dollar coin minted by the United States Mint to compete with other large silver trade coins that were already popular in East Asia. The idea first came about in the 1860s, when the price of silver began to decline due to increased mining in the western United States .
Other trade coins were the so-called silver trade dollars used by Mexico and the USA to buy South American or Chinese goods relatively cheaply. These countries mostly had a currency based on the silver standard or even a paper currency, and domestically set the value of silver too high even though the world market price of silver had long been ...
If "good" coins have a face value below that of their metallic content, individuals may be motivated to melt them down and sell the metal for its higher intrinsic value, even if such destruction is illegal. The 1965 United States half-dollar coins contained 40% silver; in previous years these coins were 90% silver (.900, or one nine fine). With ...
The Liberty Dollar "base value" was created by Bernard von NotHaus. As of 2009, the base value of the Liberty Dollar was $20 Liberty Dollars to one ounce of silver. [13] At the time the Liberty Dollar operation was closed, one ounce Liberty Dollar gold pieces were denominated $1,000 with a maximum charge of 10% over spot price with membership.
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The basic obverse design of the Seated Liberty coinage consisted of the figure of Liberty clad in a flowing dress and seated upon a rock. [3] In her left hand, she holds a Liberty pole surmounted by a Phrygian cap, [2] which had been a pre-eminent symbol of freedom during the movement of Neoclassicism (and traces its roots back to Ancient Greece and Rome).
Half Eagle, a 1795 coin with a face value of two dollars; Coronet large cent, an 1816 coin with a face value of 0.01 dollars; Liberty Head double eagle, an 1850 coin with a face value of 20 dollars; Liberty Head nickel, an 1883 coin with a face value of 0.05 dollars; Standing Liberty quarter, a 1916 coin with a face value of 0.25 dollars