![]() Morgan was an English engraver, who is responsible for designing some very famous coins, especially the Morgan Silver Dollar. The Trade Dollar contains 90% silver and was designed by William Barber. Most Trade Dollars contain "chopmarks," which are stamps put on the coins, in China, to verify their weight and value. The San Francisco, Carson City, and Philadelphia Mints all produced the Trade Dollar but San Francisco minted the highest amount, mainly because of its location being more approximate to China. Countries were impressed by the Spanish Silver Dollar that contained a silver purity that also made trading with China and East Asia simpler. The Seated Liberty Dollar was minted from 1840-1873.Ĭreated to improve trading with China, the Trade Dollar was minted from 1873-1885. During the California Gold Rush, silver became just as valuable as gold and that caused investors to hoard their silver, instead of it being sold to the US Mint. Only the Philadelphia and New Orleans Mints produced the Seated Liberty Dollar and at times, struggled to find enough silver for the dollar. ![]() The Seated Liberty Dollar was the last dollar to be struck, before the Coinage Act of 1873, thus ending the production of the dollar for American commerce. The Draped Bust Dollar has a fineness of 89.2%, due to the Mint Director's desire to keep it in line with the legalized silver amount. This design succeeded the Flowing hair Dollar, that was the actual first US dollar to ever be minted. The Draped Bust Dollar was minted from 1785-1803, then again into the 1850's. Golden Eagle Coins offers a wide selection of Dollars, including Early Bust Dollars, Morgan Silver Dollars, etc. You can track a dollar's life and learn so much about the current events occurring, during the time of its production. It also demanded that "an impression emblematic of liberty" should be prevalent on each US coin minted so that is why Lady Liberty is on all of the US's currency.ĭollars have been used, throughout US history, as a means of currency and investment. This Coinage Act also instituted a decimal system for the coins being produced, requiring coins' to carry their legal tender and specify their metallic fineness and composition on the coin. The Philadelphia Mint was claimed the first US Mint, since it was located in the country's capital at the time. This act came about by the Founding Fathers, who desired to assign the US its own national identity and give it a place among international commerce. ![]() In 1792, the first US Mint facility was established by the Coinage Act of 1792.
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