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coin design was doomed
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<p>[QUOTE="Conder101, post: 383134, member: 66"]There is only one true design error on the coin. The olive branch and arrows are in the wrong talons of the eagle. The arrows are in the eagles right talon indicating a preference for war over peace.</p><p><br /></p><p><br /></p><p>It indicates overseas commerce, a fitting symbol for a dollar to used for trade.</p><p><br /></p><p><br /></p><p>Yes wheat behind her and she sits on a cotton bale. They represent the agricultural trade goods which at the time were our major expoorts.</p><p><br /></p><p>The design had no real influence on the publics dislike for the coin. They accepted just as well as any other silver dollar when it was first issued, possibly even preferring it since it contained more silver. The public did not turn against the coin until the value of the silve it contained began seriously dropping. That brought them flooding back into this country because they were worth more as money here than the silver value that the Asian trading partners would allow for them. But then they ran into the limited legal tender status problem. No merchant wanted to risk getting stuck with them at face value if there was a chance they would be refused if they tried to tender more than five of them at a time. So they would only accept them at a discount. (On the other hand they would gladly accept a standard silver dollar even though it had even less silver because it had an unlimited legal tender status and would not be refused.)[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 383134, member: 66"]There is only one true design error on the coin. The olive branch and arrows are in the wrong talons of the eagle. The arrows are in the eagles right talon indicating a preference for war over peace. It indicates overseas commerce, a fitting symbol for a dollar to used for trade. Yes wheat behind her and she sits on a cotton bale. They represent the agricultural trade goods which at the time were our major expoorts. The design had no real influence on the publics dislike for the coin. They accepted just as well as any other silver dollar when it was first issued, possibly even preferring it since it contained more silver. The public did not turn against the coin until the value of the silve it contained began seriously dropping. That brought them flooding back into this country because they were worth more as money here than the silver value that the Asian trading partners would allow for them. But then they ran into the limited legal tender status problem. No merchant wanted to risk getting stuck with them at face value if there was a chance they would be refused if they tried to tender more than five of them at a time. So they would only accept them at a discount. (On the other hand they would gladly accept a standard silver dollar even though it had even less silver because it had an unlimited legal tender status and would not be refused.)[/QUOTE]
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