2018 British Trade Dollar St. HELENA 1 oz silver coin
Metal: 999 silver
Mintage: 10,000 pieces worldwide
This is the first coin in the Trade Dollar Series with the East India Company.
A ‘defacto’ currency created to facilitate trade with the Orient, the British Trade Dollar was the first coin to feature a standing Britannia image. Minted as a presentation piece in exceptionally low quantities just as its forerunner.
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.
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 "counterstamp" 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.
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