2018 Niue 1 oz Silver Proof British Trade Dollar Restrike
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- Product Details
The original Silver British Trade Dollar was issued at a time when trade in the East needed a medium of payment. The East India Company was linked to the British empire. This beautiful proof coin has a limited mintage of 2,500 coins.
- Mintage of 2,500 coins.
- Contains 1 oz of .999 fine Silver.
- Comes in a box with a certificate of authenticity.
- Obverse: Design based on the early 1900s Silver Trade Dollars. The center of the coin features a standing helmeted Britannia looking to the left with her right hand grasping a trident and her left hand resting on an oval shield, bearing the united cross surrounded by the inscriptions "THE EAST INDIA COMPANY" and "TRADE DOLLAR". The perimeter of the coin has a traditional Chinese scroll-pattern reminiscent of the original Silver Trade Dollars of 1895-1935. A merchant ship under full sail can be seen in the background.
- Reverse: Depicts the right-facing profile of Her Majesty Queen Elizabeth II, the year of issue and the face value. A Chinese scroll-pattern is also featured around the perimeter.
This Silver Proof restrike is a historical coin with a classic design. Add the 2018 Silver British Trade Dollar Restrike coin to your cart today!
It became necessary to produce a special dollar for trading in the British Colony when the price of Silver rose rapidly in value between 1875 and 1895. The Silver price disturbed trading and resulted in a very serious shortage of minted dollars. To overcome the threat of a currency famine, The Royal Prerogative of the English sovereign gave approval in 1894 for the minting of a special British Dollar for general use in Far Eastern Trade.
These coins were given an Eastern look to help ensure acceptance by countries outside of British dominion. They also did not indicate a country of origin on the coin which helped allow them to circulate throughout China where they were readily accepted as a medium of exchange. To indicate that the coin was genuine, Chinese merchants would occasionally stamp the coins with a "chopmark" or "counterstamp" to indicate that the coin was genuine or perhaps to advertise their businesses. Chopmarks do not adversely affect the value of these coins in the secondary marketplace.
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