| Blogs > Darter50516 > My Blog |
|
$$$$$$$$$$$  Western traders, including those from the United States, had long sought a variety of Chinese products (including furniture, silk and tea), but found there were few products that China wanted from the West. American trade with China began as early as 1784, relying on North American exports such as furs, sandalwood, and ginseng, but American interest in Chinese products soon outstripped the Chinese appetite for these American exports.  The Chinese long trusted the quality silver content of the Spanish Milled Dollar, However, by the 1860's with fall of the main silver producing areas of the Spanish Empire coupled with increased demand merchants needed assistance from the government.  Trade dollars were silver coins minted as trade coins by The United States to facilitate trade with China and the Orient. They approximated in weight and fineness to the Spanish dollar, which had set the standard for a de facto common currency for trade in the Far East. You can see 420 grains of 900 Fine Silver.  The first trade dollars were struck in 1873, and the majority of the coins were sent to China. Eventually, bullion producers began converting large amounts of silver into trade dollars, causing the coins to make their way into American commercial channels. This caused frustration among those to whom they were given in payment, as the coins were largely maligned and traded for less than one dollar each. In response to their wide distribution in American commerce, the coins were officially demonetized in 1876, but continued to circulate. Production of business strikes ended in 1878, though the mintage of proof coins officially continued until 1883. The trade dollar was re-monetized when the Coinage Act of 1965 was signed into law.  The Mailman finally brought ours today. |
|||
|
Good old E bay took long enough to get it here. Windy and cold here today... don't think it got over 50 F.... 10 C Just a little know piece of historical trivia....
| ||
|
nice coins. i won an auction recently. silver coins as well as silver and gold notes. i read a congressman has introduced a bill to return us to gold standards. no money would be printed unless there is a matching value in gold. maybe not in fort Knox. surely not in Biden's or hunters hands
| ||
|
Bret,I learn something new from your every blog. Thank you for posting this, and I am happy to hear that the mailman finally delivered your precious cargo.
| ||
|
Good old E bay took long enough to get it here. Windy and cold here today... don't think it got over 50 F.... 10 C Just a little know piece of historical trivia....
| ||
|
I am alone tonight after having company for a week. I am treasuring the peace and quiet, and will definitely sleep-in tomorrow.
| ||
|
Bret,I learn something new from your every blog. Thank you for posting this, and I am happy to hear that the mailman finally delivered your precious cargo.
| ||
|
eBay seems to losing credibility on all fronts. They do not seem to be keeping a close eye on their merchants.
| ||
|
I am alone tonight after having company for a week. I am treasuring the peace and quiet, and will definitely sleep-in tomorrow.
| ||
|
ROGER ....... I AM AWAKE YET
| ||
|
I'm surprised you are up this late. Hope you are feeling better.
| ||
|
I'm surprised you are up this late. Hope you are feeling better.
| ||
|
Bella and I are in the lobby on this site right now
| ||
|
Interesting blog ! Glad U r back to normal again ! I missed ur blogs while U were sick ! HUGS
| ||
|
Wish I'd seen this earlier.......... tossing a log in the fireplace then back to bed.
| ||
|
Interesting blog ! Glad U r back to normal again ! I missed ur blogs while U were sick ! HUGS
| ||
|
Good Saturday morning Bret. Welcome to the weekend. Hope you continue to have good harvest weather. Don't work too hard feeding the crew. Huggs.
| ||
|
I did not know this part of Trade in the past. Most I learned about China was reading books by Pearl S. Buck.... That was long ago! Thank you for this interesting Blog. Happiness is when what you think, what you say, what you do are in harmony - M. Gandhi
| ||
|
I did not know this part of Trade in the past. Most I learned about China was reading books by Pearl S. Buck.... That was long ago! Thank you for this interesting Blog.
|
×
×