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Trade dollars were struck from 1873 through 1885 and specifically intended to circulate in Asia alongside other similarly sized silver coins from other nations. Trade dollars were legal tender in the United States, but their status as freely circulating legal-tender coins was modified over the years as silver prices and other economic factors influenced the situation.
William Barber designed the Trade dollar, which portrays a seated Miss Liberty on the obverse and an eagle on the reverse. Often, circulated Trade dollars are found with various Asian merchant marks, which are colloquially referred to as ?chop marks? by many in the coin realm.
The most common Trade dollars are those from the mid 1870s. In 1879, the United States Mint began striking Trade dollars only in proof, and these issues are quite scarce, with the 1885 as the rarest with a mintage of just 5 pieces. While dealers and collectors should be wary of encountering forged examples of any coin, Trade dollars are especially notorious for being counterfeited. Raw specimens of any date and grade should be scrutinized carefully before purchase.
Obverse Description
Lady Liberty is seated on a stone wall, facing left, with an olive branch in her extended right hand and a ribbon bearing the word LIBERTY in her resting left hand. IN GOD WE TRUST us carved into the base and her seat is otherwise adorned with a bundle of wheat. 13 stars adorn the periphery with the date at the lower middle.
Reverse Description
An eagle is centered in the design with the weight of the coin listed below as "420 GRAINS. 900 FINE." The words UNITED STATES OF AMERICA and TRADE DOLLAR adorn the top and bottom periphery with a ribbon stating the motto E PLURIBUS UNUM above the eagle's head. The mint mark (if any) is positioned below the eagle and weight text, above the "E D" of TRADE DOLLAR.
Book Reference
Designer: William Barber. Weight: 27.22 grams. Composition: .900 silver, .100 copper (net weight .7874 oz. pure silver). Diameter: 38.1 mm. Edge: Reeded. Mints: Philadelphia, Carson City, San Francisco.
Key to Collecting: Circulated trade dollars are relatively common, with typical grades being EF and AU. Many have been cleaned, often with abrasive substances. Many have Chinese chopmarks, considered in this instance to be an advantage (although a deduction is typically made from the price) rather than an impairment, as these are marks of commerce. Mint State coins are fairly scarce, particularly if unimpaired, and are mostly in grades from MS-60 to MS-62 or MS-63. Truly choice examples as well as gems are in the distinct minority.
Aspects of Striking and Appearance: Most trade dollars were made in strictly utilitarian fashion. Weaknesses are often seen, including on Liberty, her hair details, and the obverse stars. On the reverse the eagle should be checked, particularly the lower areas including the feathers on the legs.
Proof Coins: Most Proofs on the market are dated from 1878 through 1883, these being the pieces most cherished by numismatists in the early days (in view of the Proof-only status of these years). There was a market speculation in Proofs in late 1879 and early 1880, resulting in the extraordinary production of 1,987 Proofs for the latter year. Today Proofs are on the market in all states of preservation, and some care must be taken to select a choice one.
Catalog Information
GSID:
72403
Designer:
William Barber
Obverse Designer:
William Barber
Obverse Lettering:
LIBERTY,[Date]
Reverse Designer:
William Barber
Reverse Lettering:
420 GRAINS. 900 FINE.UNITED STATES OF AMERICA, TRADE DOLLAR, E PLURIBUS UNUM
Fineness:
0.9
Weight (gr):
27.22 gr
Weight (oz):
0.8751 oz
Precious Metal Weight:
0.7874 oz
Strike Type:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Variety:
1873-1878
Coin Date:
Trade Dollar
Denomination:
Trade$
Designation:
MS
Coinage Type:
Trade dollar
Coinage Years:
1873-1885
Composition:
90% silver; 10% copper
PCGS #:
7030
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Coin Value History
Trade Dollar Trade$ 1873-1878 MS [Type]
Value By Grade
Trade Dollar Trade$ 1873-1878 MS [Type]
CPG (retail) values
Currency
Grade Range
Grading Authority
Sort by
Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS68 |
|
$259,000 | $1,234 |
| MS68 | - | $216,000 | $1,234 |
| MS67 |
|
$1,234 | $1,234 |
| MS67 | - | $1,234 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
| AG2 |
|
$1,234 | $1,234 |
| AG2 | - | $1,234 | $1,234 |
| P1 |
|
$1,234 | $1,234 |
| P1 | - | $1,234 | $1,234 |
1873 Trade$ MS
Worth: $63 – $125,000
1873 Trade$ Chopmarked MS
Worth: $850 – $12,000
1873-CC Trade$ MS
Worth: $220 – $300,000
1873-CC Trade$ Chopmarked MS
Worth: $1,280 – $9,600
1873-S Trade$ MS
Worth: $80 – $75,000
1873-S Trade$ Chopmarked MS
Worth: $360 – $10,200
1874 Trade$ MS
Worth: $50 – $137,500
1874 Trade$ Chopmarked MS
Worth: $680 – $7,200
1874 Trade$ No Period SP
Worth: $20,000 – $24,000
1874-CC Trade$ MS
Worth: $100 – $150,000
1874-CC Trade$ Chopmarked MS
Worth: $480 – $6,720
1874-S Trade$ MS
Worth: $48 – $18,000
1874-S Trade$ Chopmarked MS
Worth: $140 – $2,880
1875 Trade$ MS
Worth: $100 – $250,000
1875 Trade$ Chopmarked MS
Worth: $6,000 – $24,000
1877 T$1 MS62 PCGS. PCGS Population: 91 in 62, 189 finer (9/26). CDN: $1,375 Whsle. Bid for NGC/PCGS MS62. Mintage 3,039,7...
$1,586
1877-S T$1 MS61 NGC. CDN: $1,060 Whsle. Bid for NGC/PCGS MS61. Mintage 9,519,000. ...
$1,342
1877 T$1 VF25 PCGS. PCGS Population: 69 in 25, 1246 finer (9/26). CDN: $315 Whsle. Bid for NGC/PCGS VF25. Mintage 3,039,71...
$354
1875-CC T$1 Type One Reverse VF35 PCGS. JK-13, HA-24, R.2. Large CC. CDN: $700 Whsle. Bid for NGC/PCGS VF35. Mintage 1,573,...
$1,068
1875-CC T$1 Type One Reverse -- Scratched, Cleaned -- ANACS Details. AU50 Details. HA-41, R.6. Large CC. Mintage 1,573,700....
$439
1875-CC T$1 Type Two Reverse Fine 12 NGC. JK-21, HA-25, R.4. Large CC. CDN: $360 Whsle. Bid for NGC/PCGS Fine 12. Mintage 1...
$671
1874-CC T$1 MS63 PCGS. K-9, HA-4, R.4. Breen-5786. ...
$7,930
1877-CC T$1 -- Corroded, Scratched, Cleaned -- ANACS Details. XF40 Details. JK-10, HA-13, R.3. Mintage 534,000. ...
$732
1878-S T$1 XF45 PCGS. CDN: $435 Whsle. Bid for NGC/PCGS XF45. Mintage 4,162,000. ...
$512
1878-S T$1 Good 6 ANACS. Housed in a small-sized holder. Mintage 4,162,000. ...
$268
1875-S T$1 Type One Reverse -- Damaged, Cleaned -- ANACS Details. AU58 Details. Mintage 4,487,000. ...
$415
1876-CC Trade Dollar. AU Details--Cleaned (PCGS).
$75
1874-CC T$1 JK-6, HA-15, R.1, MS64 NGC. ...
$18,300
1873 T$1 AU55 PCGS. PCGS Population: 36 in 55, 212 finer (12/25). CDN: $675 Whsle. Bid for NGC/PCGS AU55. Mintage 396,600....
$1,129
1874-S T$1 -- Damaged, Cleaned -- ANACS Details. VF30 Details. Mintage 2,549,000. ...
$216
1874 T$1 -- Environmental Damage -- ANACS Details. AU53 Details. Mintage 987,100....
$564
1877-S T$1 VG8 PCGS. PCGS Population: 15 in 8, 3359 finer (11/25). CDN: $170 Whsle. Bid for NGC/PCGS VG8 . Mintage 9,519,00...
$234
1877 T$1 VF20 PCGS. PCGS Population: 33 in 20, 1273 finer (10/25). CDN: $265 Whsle. Bid for NGC/PCGS VF20. Mintage 3,039,71...
$325
1878-S T$1 Trade AG3 PCGS. PCGS Population: 5 in 3, 2529 finer (10/25). CDN: $100 Whsle. Bid for NGC/PCGS AG3 . Mintage 4,1...
$174
1878-S T$1 -- Cleaned -- CACG Details. Unc. Mintage 4,162,000. ...
$660
Greysheet News
Prominent Collector Dell Loy Hansen Submitting His Historical Collection Of U.S. Coins To CAC Grading
8/8/2024
American Numismatic Association's Largest Coin Show, August 6-10 In Chicago
Dazzling rarities, free educational opportunities, family fun and more await at the Donald E. Stephens Convention Center
7/25/2024
United States Mint Unveils Designs For The 2025 United States Marine Corps 250th Anniversary Commemorative Coin Program
The designs will be featured on a $5 gold coin, a $1 silver coin, and a half dollar clad coin.
7/23/2024
Events
Knoxville Coin and Currency Show - TN
Location: Rothchild Catering & Conference Center
Saturday, August 1, 2026
