The 1879 trade dollars have value as numismatic coins. Keep reading to learn more about these silver coins.
Type: Trade Dollar
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .7874 oz
Total Weight: 27.22 grams
Current Silver Bullion Value: $19.03
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.
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $19.03 as of October 21, 2021. This melt value is calculated from the current silver spot price of $24.17 per ounce.
The 1879 trade dollar proof coin is worth around $1,250 in extremely fine condition. In uncirculated condition the price is around $3,000 for coins with a PR 63 grade.
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.
The Red Book