The dollar carry trade It involves people and institutions borrowing money from the United States at low interest rate. They then deposit it in a currency that has a higher rate of interest.
The last trade dollars were minted in 1885. They all carry the words TRADE DOLLAR on the back. Your coin is almost certainly a Morgan dollar. Please see the Related Question for more information.
The last trade dollars were minted in 1885. They all carry the words TRADE DOLLAR on the back. Your coin is almost certainly a Morgan dollar. Please see the Related Question for more information.
It can't be a Trade Dollar. That coin was specially produced during the years 1873-1885 for use in international commerce, and carry the wording TRADE DOLLAR on the reverse. All $1 coins minted in 1897 were Morgan dollars, named for their designer.
The words Trade Dollar are on the reverse of the coins.
There was no 1926 British "Trade Dollar" minted.
On the front of a Trade Dollar it has Lady Liberty seated facing the left and on the back below the eagle TRADE DOLLAR. A Morgan Dollar has the head of Lady Liberty on the front.
Look at the reverse for the phrase TRADE DOLLAR under the eagle.
The first Trade Dollars are dated 1873. If this coin is a Trade Dollar dated 1798 it's counterfeit.
The first Trade Dollars are dated 1873. If this coin is a Trade Dollar dated 1798 it's counterfeit.
They were intended to be used in Asia to compete with coins of other countries for trade, hence the name Trade Dollar.
Check the weight. A real trade dollar should weigh 27.2 grams.
A US Trade Dollar dated 1795 is a fake, they were struck from 1873-1885