BEHIND THE CRAFT
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Behind the Craft - US Trade Dollar

Trade Dollars were introduced in the 15th Century when the ‘Spanish Dollar’ became a standardised currency in international trade. Worth eight Spanish Reales, these Spanish Dollars were the original “pieces of eight”!

By the 19th Century the Mexican peso had followed the Spanish Dollar as a key currency in trade with China, where it was preferred to the $US due to its higher silver content.

This meant US businesses had to convert their dollars into pesos in order to trade with China, losing money in commission fees each time, a problem that was resolved in 1873 with the introduction of the US Trade Dollar.

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US Trade Dollar 2023 1oz Gold Proof Coin

ONLY 100 COINS WORLDWIDE

The East India Company’s series of ‘Modern’ Trade Dollars continues with a 2023 reimagination of the historic United States Trade Dollar.

The East India Company - Collections

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150 years after the original coin’s release the 2023 US Trade Dollar features a design by Chiara Principe, whose beautiful Lady Liberty reflects the modern diversity of the United States. Liberty’s hair tumbles freely over one shoulder to become clouds against which flies an eagle, the proud and independent symbol of the USA, with an outline of North America in the background.
• Our exclusive ‘Modern Trade Dollar’ series continues
• Strictly limited edition of just 100 coins worldwide
• One ounce of gleaming 999.9 fine gold
• Stunning contemporary ‘Lady Liberty’ design by Chiara Principe
• Struck to our finest Proof quality finish
• Bespoke presentation case and storytelling booklet

Product Detail

150 years after the original coin’s release the 2023 US Trade Dollar features a design by Chiara Principe, whose beautiful Lady Liberty reflects the modern diversity of the United States. Liberty’s hair tumbles freely over one shoulder to become clouds against which flies an eagle, the proud and independent symbol of the USA, with an outline of North America in the background.
• Our exclusive ‘Modern Trade Dollar’ series continues
• Strictly limited edition of just 100 coins worldwide
• One ounce of gleaming 999.9 fine gold
• Stunning contemporary ‘Lady Liberty’ design by Chiara Principe
• Struck to our finest Proof quality finish
• Bespoke presentation case and storytelling booklet

Specification

  • Alloy

    Fine Gold - 999.9Au

  • Denomination

    £5

  • Weight

    1oz

  • Authority

    St Helena

  • Diameter

    32mm

  • Edge

    Milled

  • Issue limit

    100

  • Total Mintage

    100

Stories

History of the US Trade Dollar

United States Trade Dollars were introduced in the Coinage Act of 1873. Primarily struck for use in export trade with China they were also legal tender within the US for payments up to $5 and many found their way back into the domestic market.

However, due to an increase in mining in the US the price of silver soon dropped below the face value of the coin, leading many banks and businesses to refuse to accept them and the Trade Dollar’s domestic legal tender status to be revoked in 1876.
Production continued the following year purely for export purposes but, in 1878, minting of the circulating-standard coin ceased altogether, although a number of collector-issue Proof quality coins were struck until 1885.

To this day the Trade Dollar remains the only US coin ever to be demonetized. This left many US citizens holding silver coins that they had no chance of spending, a hardship which was eased in 1887 when people were given a one-off six-month window to redeem their US Trade Dollars at face value.

The 2023 ‘Modern’ US Trade Dollar pays tribute to its historic predecessor with a new design by celebrated artist Chiara Principe struck in one ounce of fine gold, every fine detail emphasised by our highest Proof quality finish.

The design sets Lady Liberty, a symbol of freedom and diversity, against a backdrop of a simple globe to represent the coin’s role in international trade, upon which stands a map of North America outlined from the flag of the United States.

  • FAQ

    What is the difference between maximum mintage and issue limit?
    Maximum mintage is the total number of individuals coins which will be struck, this includes coins presented is sets. The Issue limit refers to the number of coins which will be sold in the specific presentation.

    What if the maximum mintage and issue limit is the same?
    This means the coin will only be available in the presentation shown and will not be issued in any other way.

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  • Delivery & Returns

    UK Standard Delivery: £9.95
    See our delivery page for more information and overseas delivery.

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