the Trade Dollar in 1883 Lancaster, Pa.

[jeff of pa]

Lancaster daily intelligencer. [volume] (Lancaster, Pa.), 02 July 1883.



https://chroniclingamerica.loc.gov/...ext=&andtext=&dateFilterType=yearRange&page=2

 

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[cudamark]

That's strange that they would do that since it weighs more than a Morgan or Peace dollar.

 

[Megalodon]

I believe the chop marks were the issue. Even the US Treasury refused to redeem chop-marked trade dollars at one time.

 

[cudamark]

Heck, I'll take all you have to sell at $1 each! I'll even go $2 each!

 

[Tuberale]

Don't have my coin books handy. Is that one of the proof-only coins?

 

[trdking]

Heck, I'll take all you have to sell at $1 each! I'll even go $2 each!

Such a giver

 

[Megalodon]

Don't have my coin books handy. Is that one of the proof-only coins?

No. Although legal tender in the US these were issued from 1873-1885 to facilitate trade in Asia and to compete with other foreign dollar-sized silver coins. Merchants in Asia counterstamped the coins with Asian characters called "chop marks". As the coins circulated, they could accumulate a large number of different chop mark characters. Some of these coins, in the course of trade, returned to the US and the presence of the chop marks was not appreciated. Mintages from 1879-1885 were very low.

 

[jeff of pa]

With Chop Marks



Not all Trade Dollars Saw Asian Use.

I'm not sure it was just the Chop Marked Coins they had an issue with.

Though Cool to Me



I Imagine this scared Banks.

Personally I Think it was fear of Expert Counterfeiters
that Caused the issues. My guess they Had to Carefully Scrutinize every single one
they got in. and it upset them.

I Wonder if they Chop marked Fakes Too.
This cold have been an issue too if you can't translate the Marks to know fake or real

 

[Megalodon]

For someone who understands these marks, I think this would be an interesting opportunity for study.

 

[A2coins]

To think of all the hours and gas and money for batteries ect ect I spend trying to find one lol

 

[jeff of pa]

they are out there. but rare.



This one was Found while Doing a 19th Century Cemetery Restoration, for the Catholic Church. using my Sovereign.

Was about a Foot Deep, with a Crumpled Beer can a few inches above..

The head of the Restoration committee Who agreed I Get all coins, They get All relics.
claimed he was certain a relative planted it, Because of the beer can.
But Beer cans don't date to the 19th Century.
Personally I Think it was Coincidence, Since everything I dug that was Cool ,
he was confident,
Belonged to a Relative of his but he did buy it for red book value,
Because of our "Gentleman's Agreement" as he phrased it

 

[Megalodon]

Now that is a rare find! And interesting story about the "agreement".

 

[1235CE]

they are out there. but rare.

View attachment 1746923View attachment 1746924

This one was Found while Doing a 19th Century Cemetery Restoration, for the Catholic Church. using my Sovereign.

Was about a Foot Deep, with a Crumpled Beer can a few inches above..

The head of the Restoration committee Who agreed I Get all coins, They get All relics.
claimed he was certain a relative planted it, Because of the beer can.
But Beer cans don't date to the 19th Century.
Personally I Think it was Coincidence, Since everything I dug that was Cool ,
he was confident,
Belonged to a Relative of his but he did buy it for red book value,
Because of our "Gentleman's Agreement" as he phrased it

Very nice Jeff......was that found in Williamstown, Mass. ?

 

[jeff of pa]

no Pa

 

[l.cutler]

Actually the legal tender status of the Trade Dollar was revoked in 1876. They did circulate to some extent after this but were often only accepted at a lower rate.