Reply to Thread

Message:: [QUOTE="Collecting Nut, post: 8512215, member: 74863"]I didn’t mean to imply that the Trade Dollar was a replacement for the Liberty Seated Dollar. My apologies if it seemed that way. The Liberty Seated Dollar was minted from 1840 to 1873. The first type had no motto above the eagle on the reverse and it was minted from 1840 to 1865. The second type had the motto IN God WE TRUST and it was minted from 1866 to 1873. Liberty Seated Dollars were issued for general circulation. In the early 1850s the silver content was worth more than the face value of the coin. The later issues were not seen in circulation but were mainly used for export trade. This continued through 1873. These dollars were issued from 1873 through 1885. It was a circulation coin made for Asia to compete with dollar size coins from other countries. Trade Dollars were legal tender in the US but when silver prices declined, Congress repealed the provision and the Treasury was authorized to limit coinage to export demand. Because the Trade Dollars circulated in the Orient a large number of them are counter stamped with what is known as Chop Marks. Chop Marks are oriental characters that the Orient used to verify the silver content. In 1877 the Treasury redeemed the dollars that were not mutilated. There are several different types of obverse and reverses for the Trade Dollars . Hope this clears it up.[/QUOTE]