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1878 S Trade Dollar - ANACS VF 20 Detail (Extra Fine) - Scratched

1878 S Trade Dollar - ANACS VF 20 Detail (Extra Fine) - Scratched
1878 S Trade Dollar - ANACS VF 20 Detail (Extra Fine) - Scratched1878 S Trade Dollar - ANACS VF 20 Detail (Extra Fine) - Scratched

$160.00


Product Specifications
DesignersWilliam Barber
Weight27.22 Grams
Diameter38.1 mm
Composition90% Silver , 10% Copper
Mintage3,039,200

Product Description

This coin was issued for circulation in Asia to compete with dollar-sized coins of other countries.  They were legal tender in the United States, but when silver prices declined, Congress repealed the provision and authorized the Treasury to limit coinage export demand.  Many pieces that circulated in the Orient were couterstamped with oriental characters, known as chop marks.  In 1887, the Treasury dedeemed trade dollars that were not damaged.  The law authorizing trade dollars was repealed in February 1887.


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