1874-CC Trade Dollar Chop Mark, T$1 PCGS AU 58 Chop Mark
$2,599.99
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$2,499.99
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Product Details: This is a PCGS graded coin. You will receive the coin pictured. You are purchasing an 1874-CC Trade Dollar graded PCGS AU 58 Chop Mark. This beautiful and highly sought after Trade Dollar features a special Chop Mark on its reverse, indicating that it was used during a transaction of international trade, some time after it was minted.
Coin Features:
PCGS graded AU 58 Chop Mark
Known as a Trade Dollar
Obverse:Liberty Seated Facing West on Trade Goods Wearing a Coronet Crown and Bearing an Olive Branch
Reverse:Forward Facing Eagle bearing the Resemblance to a Golden Eagle Similar to coins from Mexico at the time bearing Arrows and an Olive Branch. 420 Grains 900 Fine below Eagle
US Silver Trade Dollars (1873-1885) As the United States spread across the continent merchants on the west coast were increasingly dependent on trade with nations from the Far East. The preferred medium of exchange in the Orient was the Spanish Milled dollar, most of which were at the time produced in the lucrative Potosi Mints. The Seated dollar used domestically in the U.S. was slightly lighter and contained less silver. This difference forced traders to exchange the U.S. species for the Spanish examples at a premium. Eventually Congress created legislation to create a heavier commercial trade instrument and through the Coinage Act of 1873 the Trade Dollar was born. Traders could deposit silver with the Treasury in exchange for the new dollar. The new coin was meant for export only, but found use in the western states where silver dollars were scarce and paper money equivalents were often not accepted. As the price of silver decreased the Trade dollar was discontinued and in the final years the denomination was produced as Proof Examples. The storied past and the elusive nature of this interesting dollar type makes the Trade dollar popular among modern collectors. Many seek the mutilated examples with Chinese chop marks punched into the surface which denoted the coin having been tested by the Asian merchants.
This is an excellent coin to add to your collection.
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