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<p>[QUOTE=&quot;Analyst, post: 2544174, member: 29854&quot;]<i>Condor101: &lt;&lt; But with silver falling in price around late 1874 or 1875 the face value of the coin exceeded the silver value and they were now worth more as a dollar in the US than as silver in China. At that point they started coming back home and entering circulation.&gt;&gt;</i></p><p><br /></p><p>Many trade dollars continued to circulate in the Orient even then. A formula for optimal allocation of trade dollars by merchants would include estimates of the values of goods that could be purchased by merchants who were already in the Orient with trade dollars &#039;in hand,&#039; or the gains to be made by bringing trade dollars to the Orient even after silver bullion values fell, assuming here that bullion values fell as Condor says.</p><p><br /></p><p>Presumably, the importing of goods from China to the U.S. was very profitable for many merchants Besides if a trade dollar became subsidiary coinage &lt;&lt;around late 1874 or 1875&gt;&gt;, half dimes, dimes, quarters and half dollars would have been subsidiary to a much greater extent. An Uncirculated trade dollar weighs 420 grains while an 1874-75 &#039;With Arrows&#039; dime weighs 38.5 grains (385 grains per dollar) and a half dollar, 192.9 grains. There would have been more of a motive to spend U.S. coins of other silver denominations, rather than trade dollars, in the U.S. during that time period.</p><p><br /></p><p><i>Mainebill: &lt;&lt;I think even a damaged 78-cc will go over that ...&gt;&gt;</i></p><p><br /></p><p>Did you read the article? I said, <i>&lt;&lt;My research suggests that it might be almost impossible to buy an 1878-CC for less than $500, even an awful one. Warren Mills disagrees.&gt;&gt;</i></p><p><br /></p><p>Warren has decades of experience as a leading coin dealer and he has handled a fair number of 1878-CC Trade Dollars. His point of view on this matter is worth considering.</p><p><br /></p><p><b><a href="http://www.coinweek.com/featured-news/classic-u-s-coins-for-less-than-500-each-part-7-trade-dollars/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinweek.com/featured-news/classic-u-s-coins-for-less-than-500-each-part-7-trade-dollars/" rel="nofollow"> Classic U.S. Coins for less than $500 each, Part 7: Trade Dollars</a></b></p><p><br /></p><p><i>Mainebill: &lt;&lt;actually at my target grades it will probably average over $3k a coin. I&#039;d like the common dates in 63-4 and Proofs in the same range. The tougher CC mints I&#039;m shooting for AU and better ... &gt;&gt;</i></p><p><br /></p><p>Of course, I am not disputing the point that Mainebill may know what he is doing. My article is aimed mostly at people who are considering starting a set of Trade Dollars or are unsure as to what to collect. It is part of a long series of articles on collecting classis U.S. coins for less than $500 each.</p><p><br /></p><p>The latest installment in this series was published on Wednesday. As I said in another thread, ever since my grandmother started giving Barber dimes to me when I was five years old, I have been very fond of them. It is not difficult to complete a set of business strike Barber dimes, almost all in the VF to AU range, with many AU grade coins costing less than $90 each.</p><p><br /></p><p><a href="http://www.coinweek.com/us-coins/barber-coinage-2/classic-u-s-coins-less-500-part-24-barber-dimes/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinweek.com/us-coins/barber-coinage-2/classic-u-s-coins-less-500-part-24-barber-dimes/" rel="nofollow">Classic U.S. Coins for Less than $500 Each, Part 24: Barber Dimes</a>[/QUOTE]</p><p><br /></p>

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