The 1879 trade dollars have value as numismatic coins. Keep reading to learn more about these silver coins.
Specifications
Type: Trade Dollar
Year: 1879
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .7874 oz
Total Weight: 27.22 grams
Current Silver Bullion Value: $24.56
The trade dollar was made for circulation in Asia. It was made in order to compete with other dollar coins from different countries.
The US minted the 1879 trade dollar with no mint mark as a proof coin. No other trade dollar series were minted for this year.
| Series | Location | Quantity Minted |
|---|---|---|
| 1879 Proof | Philadelphia | 1,541 |
Value
This coin in circulated condition is worth a lot more than its weight in silver. But just for reference, the silver melt value for this coin is $24.56. This melt value is calculated from the current silver spot price of $31.19 per ounce.
The 1879 trade dollar proof coin is worth around $1,350 in extremely fine condition. In uncirculated condition the price is around $3,500 for coins with a PR 63 grade.
Grading System
Extremely fine- Both Liberty and the mottos look sharp. There is a small amount of wear on the rims.
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
Sources:
The Red Book
See also: