The 1884 trade dollars have value as numismatic coins. Keep reading to learn more about these coins.

Specifications

Type: Trade Dollar
Year: 1884
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .7874 oz
Total Weight: 27.22 grams
Current Silver Bullion Value: $13.54

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 1884 trade dollar with no mint mark as a proof coin. No other trade dollar series were minted for this year.

Series Location Quantity Minted
1884 Proof Philadelphia 10

Value

This coin is worth a lot more than its weight in silver. But just for reference, the silver melt value for this coin is $13.54 as of May 24, 2020. This melt value is calculated from the current silver spot price of $17.19 per ounce.

The 1884 trade dollar is worth around $600,000 in PR 63 condition. In January 2019, one of these coins in PR-66 condition sold for $1,140,000 at auction.

Grading System

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