James Bucki is a nationally-recognized coin collector and also numismatic expert and also author, share his expertise and dedicated training in coin grading, minting errors, and collection techniques. He has actually over 40 years of numismatic and also writing experience, including a monthly magazine column for the American Numismatic Association.
You are watching: 1872 silver trade dollar coin value
The United claims Mint manufactured Trade silver dollars produced from 1873 come 1885. The joined States government intended to concern a coin the would complete with the dollar-sized silver- coins that other nations trading with Asia. Originally, they to be legal tender in the joined States. Still, once silver price declined, conference repealed the provision and authorized the United states Treasury to border coinage production for export only.
Many of these coins were counter-stamped with asian characters, known as chop marks. This were placed on the coins through Chinese sellers that currently verified the authenticity and also fineness the the coin. Therefore, if they saw the coin again, they would certainly not need to test it for its authenticity and also precious steel content.
It is a discussion amongst researchers and numismatists if a counter stamp, or chop mark, ~ above a profession Dollar constitutes a damaged coin. One discussion is the these coins were intended to circulate in foreign countries and it was usual practice for a merchant to location a chop note on it. Therefore, numerous of them room chop marked. Top top the other hand, a chop note was imparted top top the coin after the left the mint and is thus thought about a damaged coin.
background of the profession Dollar
In the at an early stage 1870s, The Treasury Department decided to produce a unique coin for global commerce. It to be initially dubbed the advertisement Dollar and then finally the surname was adjusted to the Trade Dollar. A bulk of them were produced at the san Francisco mint and also were used in servicing trade through China. The denomination denoted top top the coin wasn't as vital as the silver had within the coin. It's the silver content of the coin that gave it value in global commerce.
It was very first minted in 1873 and also the obverse Is draft by cook Engraver wilhelm Barber. That depicts miss Liberty sit on a bale that merchandise encountering to the left. The reverse functions an eagle perched on an olive branch and arrows. Additionally, it had the inscriptions "420 GRAINS. 900 FINE." that indicated to foreign merchants the amount and also fineness that silver contained in the coin.
Most coin collectors only achieve one instance of a profession silver dollarfor their type collection. Progressed numismatists may shot to rally a date-mint arsenal or a an ext affordable day collection. Over the long-term, the market has been reasonably stable. If girlfriend want top dollar for your trade Silver Dollars, you need to sort them and organize them therefore the dealer can easily see what you have.
crucial Dates, Rarities, and Varieties
The complying with Trade silver- dollars in any kind of condition, room worth considerably much more than the usual ones that have actually high mintages. Together such, this coins are typically counterfeit or changed from usual Trade dollars. Therefore, before you begin celebrating her new-found fortune, have actually the coin authenticated by a dependable coin dealer or third-party grading service.
^ = only 10 profession dollars date 1884 and also only 5 trade dollars date 1885 are well-known to exist. These coins are very rare and many fakes and forgeries are well-known to exist.
problem or Grade instances
If your coin is worn and looks similar to the one portrayed in the link below, it is considered acirculated coin.
If her coin looks similar to the one shown in the attach below and has no evidence of wear due to being in circulation, that is considered anuncirculatedcoin.
Mint point out
Trade silver- dollars were developed at three various mints: Philadelphia (no mint mark), Carson City (CC) and San Francisco (S). As portrayed in the snapshot linkbelow, the mint mark is situated on the reverse of the coin, close to the bottom just above the indigenous "TRADE DOLLAR".
profession Silver Dollars median Prices and also Values
when determining the value of a coin, friend must take into consideration if you space buying the coin for your collection or marketing it in order to liquidate your coin. The to buy price (what you can expect to salary to a dealer to purchase the coin) and sell value (what you have the right to expect a dealer to pay to girlfriend if you offer the coin). The very first column list the date and also mint note (see the photograph above) followed by the buy price and the sell value for an median circulated profession Silver Dollar. The following two columns perform the buy price and the sell value for an median uncirculated. These space approximate retail prices and also wholesale values. The actual sell you receive from a specific coin dealer will vary relying on the actual grade that the coin and also a number of other determinants that recognize its worth. The coins noted below that have the "Proof" designation space only available in Proof.
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|Date & Mint||Circ. Buy||Circ. Sell||Unc. Buy||Unc. Sell|
|Date & Mint||Circ. Buy||Circ. Sell||Unc. Buy||Unc. Sell|
|1884 proof *||-||-||$650,000||$460,000|
|1885 evidence *||-||-||$3,000,000||$2,200,000|
|CompleteDate-Mint SetTotal Coins: 25 ^||$10,000.00||$7,000.00||$100,000.00||$75,000.00|
|CompleteDate SetTotal Coins: 14 ^||$5,250.00||$3,750.00||$23,500.00||$17,500.00|
"^" = walk not include the extremely rare 1884 and 1885 issue."-" (dash) = no Applicable or not enough data exist to calculation an average price* = check out the section above "Key Dates, Rarities and also Varieties" for an ext information on this coins.