The 1874 trade dollars have value as numismatic coins. Keep reading to learn more about these coins.

1874 Trade Dollar

Specifications

Type: Trade Dollar
Year: 1874
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .7874 oz
Total Weight: 27.22 grams
Current Silver Bullion Value: $19.83

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 1874 trade dollar with no mint mark and also the 1874 CC trade dollar and 1874 S trade dollar. The mint mark, when present, can be found on the reverse side of the coin above the letter D in the word "DOLLAR".

Series Location Quantity Minted
1874 Philadelphia 987,100
1874 CC Carson City 1,373,200
1874 S San Francisco 2,549,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $19.83 as of October 21, 2020. This melt value is calculated from the current silver spot price of $25.19 per ounce.

The 1874 trade dollar with no mint mark is worth around $170 in very good condition. In very fine condition the value is around $225. In extremely fine condition the value is around $350. In uncirculated condition the price is around $1,200 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $2,400.

The 1874 CC trade dollar is worth around $300 in very good condition. In very fine condition the value is around $525. In extremely fine condition the value is around $700. In uncirculated condition the price is around $2,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $5,000.

The 1874 S trade dollar is worth around $170 in very good condition. In very fine condition the value is around $200. In extremely fine condition the value is around $250. In uncirculated condition the price is around $900 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $2,000.

Proof coins with no mint mark are available and they are each valued at around $3,000 in PR 63 condition. There were 700 proof coins minted.

Grading System

Very good- Roughly half of the mottos "IN GOD WE TRUST" and "E PLURIBUS UNUM" are legible. The rims of the coin are distinct.

Very fine- Most of the details on Liberty's dress are visible. Most of the details on the wheat sheaf are intact.

Extremely fine- Both Liberty and the mottos look sharp. There is a small amount of wear on the rims.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.

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:

1873 Trade Dollar