It is hard to imagine a world where you cannot buy Trade Dollars. This is because, since 1887, these coins have been smuggled out of the People’s Republic of China. These coins are also minted with an oil-based paint and are incredibly rare. The first Trade Dollars were minted 125 years ago, but many collectors have yet to find one of these coins. But that’s not the case!
The US Mint issued Trade Dollars in 1873. They were intended to be a dollar coin that would rival the Asian trade coins that were made from silver. The idea was first conceived during the 1860s, when the cost of silver had dropped significantly. The coin was made legal tender for up to $5 in the United States, and William Barber was the man who came up with the final design. This is the same concept as the old adage “a dollar is worth a pound,” but there’s no difference between a US dollar and a British pound.
A trade dollar is a currency, much like cash. It is based on regular currency. This means that one Trade Dollar is equal to one US dollar. It is a form of money that gives businesses buying power within the network. Over 15,000 participating IMS member trade companies accept them. The main difference between a Trade Dollar and a regular U.S. dollar is its silver content. If you are interested in investing in this coin, you’ll want to look into its condition and grade.