2018 St. Helena 1 oz Silver British Trade Dollar
The original Silver British Trade Dollar was issued at a time when trade in the East needed a medium of payment. The East India Company was linked to the British empire.
This Silver BU restrike is a historical coin with a classic design. Add the 2018 Silver British Trade Dollar Restrike coin to your cart today!
It became necessary to produce a special dollar for trading in the British Colony when the price of Silver rose rapidly in value between 1875 and 1895. The Silver price disturbed trading and resulted in a very serious shortage of minted dollars. To overcome the threat of a currency famine, The Royal Prerogative of the English sovereign gave approval in 1894 for the minting of a special British Dollar for general use in Far Eastern Trade.
These coins were given an Eastern look to help ensure acceptance by countries outside of British dominion. They also did not indicate a country of origin on the coin which helped allow them to circulate throughout China where they were readily accepted as a medium of exchange. To indicate that the coin was genuine, Chinese merchants would occasionally stamp the coins with a “chopmark” or “counter-stamp” to indicate that the coin was genuine or perhaps to advertise their businesses. Chopmarks do not adversely affect the value of these coins in the secondary marketplace.
The circulation of specialised trade dollars wasn’t only a popular practise in Britain, during the late 1800’s and early 1900’s, it was a practice employed by a host of civilised nations, including France, the United States and Japan. Pay homage to the trade lines which laid the foundation for the lands we know and love so well and expand your holdings with a 1 oz 2018 Saint Helena British Trade Dollar silver coin today.