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<p>[QUOTE=&quot;Michael K, post: 2874366, member: 78298&quot;]The first trade dollars were struck in 1873, and the majority of the coins were sent to China. Eventually, bullion producers began converting large amounts of silver into trade dollars, causing the coins to make their way into American commercial channels. This caused frustration among those to whom they were given in payment, as the coins were largely maligned and traded for less than one dollar each. In response to their wide distribution in American commerce, the coins were officially <a href="https://en.wikipedia.org/wiki/Demonetisation#Demonetisation" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Demonetisation#Demonetisation" rel="nofollow">demonetized</a> in 1876, but continued to circulate. Production of <a href="https://en.wikipedia.org/wiki/Business_strike" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Business_strike" rel="nofollow">business strikes</a> ended in 1878, though the mintage of <a href="https://en.wikipedia.org/wiki/Proof_coin" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Proof_coin" rel="nofollow">proof coins</a> officially continued until 1883. The trade dollar was <a href="https://en.wikipedia.org/wiki/Monetization" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Monetization" rel="nofollow">re-monetized</a> when the <a href="https://en.wikipedia.org/wiki/Coinage_Act_of_1965" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Coinage_Act_of_1965" rel="nofollow">Coinage Act of 1965</a> was signed into law.[/QUOTE]</p><p><br /></p>

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