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<p>[QUOTE="usc96, post: 978021, member: 25676"]I've read in several books that:</p><p><br /></p><p>"Even though Trade dollars were heavier than the regular US silver dollar, it was good only for purchases up to $5 in the US. After that, the Trade dollar was worth only its bullion value, which was less than its face value."</p><p><br /></p><p>Now I can follow that - 1) Trade dollars heavier than Morgans; 2) limited to using them 5 at a time ($5) in the US; and 3) trying to spend more than $5 worth of Trade dollars in the US resulted in them being valued at their lesser bullion value. </p><p><br /></p><p>The next sentence in the books I am reading confuses me.</p><p><br /></p><p>"As a result, many of the Trade dollars found their way back to the United States, where they could be spent at a profit." </p><p><br /></p><p>WTF? Why would they make their way back to the US where they would be subject to the three disadvantageous rules above?</p><p><br /></p><p>Thanks in advance for any clarification. :thumb:[/QUOTE]</p><p><br /></p>
[QUOTE="usc96, post: 978021, member: 25676"]I've read in several books that: "Even though Trade dollars were heavier than the regular US silver dollar, it was good only for purchases up to $5 in the US. After that, the Trade dollar was worth only its bullion value, which was less than its face value." Now I can follow that - 1) Trade dollars heavier than Morgans; 2) limited to using them 5 at a time ($5) in the US; and 3) trying to spend more than $5 worth of Trade dollars in the US resulted in them being valued at their lesser bullion value. The next sentence in the books I am reading confuses me. "As a result, many of the Trade dollars found their way back to the United States, where they could be spent at a profit." WTF? Why would they make their way back to the US where they would be subject to the three disadvantageous rules above? Thanks in advance for any clarification. :thumb:[/QUOTE]
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