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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.
However, this did not stop unscrupulous persons from buying trade dollars at bullion value, and using them for payment as $1 to unsuspecting workers and merchants. Production of the trade dollar was officially discontinued for business strikes in 1878, and thereafter from 1879 to 1885, produced only as proof examples of the coin.
The Maui Trade Dollar is a cupro-nickel (75% copper 25% nickel alloy) trade token 1 mm larger diameter than a traditional United States silver dollar. They are a commonly sought after collector's item , often exchanged or traded in order to complete the sets dating from the 1992 issue.
Estimated value: $50-$100. ... “They are out there, lightly used in bank vaults, just waiting for people to ask for a roll or two of dollar coins to take out and spend,” DeLorey says ...
Trade Dollar United States Granberg, Brand, Eliasberg Heritage Auctions: January 2019 $1,140,000 1776 Continental Dollar VF-35 United States Heritage Auctions April 2021 $1,121,250 1811 C-1 H1C United States Hall, Brand, Newman, Tett Goldberg January 2014 $1,105,375 66-70 AD AR shekel from Arwad (24mm, 13.34 gm, 10h) Roman Empire Jewish War
As a way of honoring more presidents, the U.S. Mint began issuing Presidential Dollar coins in the 2000s. Most are worth about face value, but a couple are valued in six figures due to errors .
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