The Trade dollar, designed by William Barber, was introduced in 1873 to compete with the Mexican dollar in Asian commerce. At 420 grains it is slightly heavier than a standard silver dollar and was intended mainly for export. The obverse shows Liberty seated on a bale of merchandise facing the sea; the reverse carries an eagle with the weight and fineness (420 GRAINS, 900 FINE) spelled out.
Key facts
- Designed by: William Barber
- Issue dates: 1873–1885
- Composition: 90% silver, 10% copper
- Diameter: 38.1 mm
- Weight: 27.21 grams (420 grains)
- Edge: Reeded
Many Trade dollars that circulated in Asia carry chopmarks — Oriental characters punched by merchants and bankers to vouch for the silver; these are collectible in their own right. Business strikes are available from Fine through About Uncirculated; Mint State coins are scarce and superb examples rare.
The great rarities are the proof-only 1884 (10 known) and 1885 (5 known) — two of the most famous U.S. coins. Key Carson City dates include the 1878-CC and 1875-CC.
We actively buy Trade dollars in every grade, including chopmarked pieces, key CC dates, and Proofs. Send photos for a free, no-obligation offer.