1876-CC Trade Dollar

Throughout the late 1860’s and early 1870’s, American trade with countries in the Far East, particularly China, was moving along at a steady clip, but things could have been better.

To the dismay of American businessmen, Chinese merchants favored the Mexican peso as their medium of exchange, for it contained slightly more silver than a standard U.S. silver dollar. In order to compete in the region, the Yanks were forced to swap dollars for pesos, usually paying currency broker fees.⁽¹⁾

In 1873, Congress sought to negate the peso's advantage and promote American commerce overseas at the same time by authorizing a new coin called the U.S. Trade Dollar. The Trade Dollar contained 1.8% more silver than the standard dollar.⁽²⁾

In 1876, trade dollar production at Carson City got off to a great start. By the end of April, 509,000 of them had been struck. At that point, manufacturing resources were redirected to the production of dimes, quarters, and half dollars. There were to be no more 1876-CC Trade dollars.⁽³⁾

There are multiple varieties of the 1876-CC involving two distinct reverse dies. Examples with Type 2 reverses are believed to be more common.⁽⁴⁾

As the 1876-CC Trade dollar value trends indicate, prices for grades EF-40 and lower have ascended steadily since 1990. However, in higher grades, we’ve seen mild setbacks since then, so bargain hunters may have an opportunity here (and then hope for a repeat performance of what occurred in higher grades prior to 1990).

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Trendline Avg = 14.43	GOOD

Last updated 6-9-24		Return to Key Date Coin List
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