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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 .
Silver Center J-1 Pattern United States Norweb Heritage Auctions: August 2014 $1,980,000 1874 Bickford $10 Pattern PR-65+ United States Simpson Heritage Auctions January 2022 $1,897,500 1927 $20 United States Morse Heritage Auctions: November 2005 $1,880,000 1804 Class III Silver Dollar United States Berg, Garrett Stack's Bowers: August 2014
The Seated Liberty design remained standard on all American coins ranging from half dimes to half dollars for decades, but by 1879—the year after the Bland-Allison Act caused a drastic curtailment in the mintages of Seated Liberty half dollars, quarters, and even dimes until 1883, there was increased criticism and calls for its replacement ...
By 1853, the value of a U.S. silver dollar contained in gold terms, $1.04 of silver, equal to $38.09 today. With the Mint Act of 1853, all U.S. silver coins, except for the U.S. silver dollar and new 3-cent coin, were reduced by 6.9% as of weight with arrows on the date to denote reduction.
The Seated Liberty dollar was a dollar coin struck by the United States Mint from 1840 to 1873 and designed by its chief engraver, Christian Gobrecht.It was the last silver coin of that denomination to be struck before passage of the Coinage Act of 1873, which temporarily ended production of the silver dollar for American commerce.
The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021 as a collectible. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar.
In case the coins did not catch on with the general public, then the mint leaders hoped that collectors would be as interested in the dollars as they were with the state quarters, [10] which generated about $6.3 billion in seigniorage (i.e., the difference between the face value of the coins and the cost to produce them) between January 1999 ...
The price of silver continued to fall—the silver in a dollar in the new metric-weight subsidiary silver coins was worth only $.75 by mid-1876, though the price recovered some after that. [86] In early 1875, Congress passed a bill for the resumption of specie payments (that is, in gold and silver coin)—effective in 1879. [87]
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