1878-S Trade & Morgan Silver Dollar PCGS MS62 & MS63 2-pc Set

First And Last American Silver Dollars From 1878

From the moment it was first struck in 1878, the Morgan Silver Dollar saw widespread use in American commerce. But did you know it wasn't the only U.S. silver dollar in circulation at the time? For just six years from 1873 to 1878, the U.S. Mint struck a special silver Trade Dollar. This coin was not meant to circulate here in the United States; but was intended for circulation overseas as a way to establish trade and compete with other major world coins.

Trade Dollars Featured Barber's Seated Liberty

Struck in 27.22 grams of highly pure 90% fine silver, the Trade Dollar was slightly heavier than a Morgan Dollar. It also featured an attractive design created by U.S. Mint Chief Engraver William Barber that depicted Liberty offering an olive branch across the sea while seated next to bales of wheat and other American traded goods. The reverse showed an American Bald Eagle, its wings spread, holding three arrows in its right talon and an olive branch in its left.

Coins That Found Their Way Back To America

While most of these coins were sent to China and the Far East and circulated reasonably well, many made their way back home through American commercial channels. Once home, they never really caught on. Those coins that did return were often damaged by "chop" marks stamped into them by Chinese merchants after their weight and value were verified. They also proved to be a headache for consumers when used for commerce in America where they often traded for less than a dollar. The coins were officially demonetized in 1876 and circulation strikes were discontinued altogether in 1878 with only special Proof versions struck through 1885.

Both Coins In Beautiful Uncirculated Condition

This set features BOTH silver dollars the Morgan Dollar and the Trade Dollar from the same pivotal year of 1878 struck at the famous San Francisco Mint. That's the last year the Trade Dollar was struck for circulation, and the first year of issue for the Morgan Silver Dollar series. Each of these coins were struck in highly pure 90% fine silver and come certified by the Professional Coin Grading Service (PCGS) as authentic and genuine. In fact, PCGS graded the trade dollar as being in Select Uncirculated Mint State-62 (MS62) condition. PCGS graded the first-year Morgan in Choice Uncirculated Mint State-63 (MS63) condition, a quality grade that still exudes a lot of original luster.

Act Quickly; Just ONE Set Is Available!

Both coins come beautifully housed in a deluxe presentation case and accompanied by an authentic 1850–1889 Bank of America Stock Certificate, and a 19th century California newspaper. Most U.S. Silver Dollar collections have a Morgan, a Peace, and a Silver Eagle, but are sadly missing this important piece. Don't let your collection stand incomplete; secure this key-date two-piece Trade and Morgan Silver Dollar Set now because with just one set available, it won't be around for long!

COIN HIGHLIGHTS:

• STRUCK FOR CIRCULATION OVERSEAS – The U.S. Trade dollar was struck from 1873 to 1878 and was intended for circulation overseas as a way to establish trade and compete with other major world coins.
• AMERICA'S MOST POPULAR COIN – The Morgan Silver Dollar–so named for its designer, U.S. Mint Assistant Engraver George T. Morgan–has stood the test of time. Struck from 1878-1904 and again in 1921, it was the coin of America's "Wild West" and jingled in the coin purses of gamblers, gunfighters, soldiers, and dance hall girls.
• STRUCK IN HIGHLY PURE SILVER – Each U.S. Trade Dollar was struck in 27.22 grams of highly pure 90% fine silver–about 1.8% heavier than the Morgan Silver Dollar, which was struck in 26.73 grams of 90% fine silver
• LEGAL-TENDER COINS – While Trade Dollars were demonetized in 1876, they continued to circulate in America, particularly in the West, where they were accepted for less than their one-dollar face value. Morgans were $1 legal tender and circulated widely in the West, where coins were overwhelmingly preferred over paper currency.
• HIGH-GRADE UNCIRCULATED CONDITION – Your 1878-S Silver Trade Dollar has been graded by the Professional Coin Grading Service (PCGS) in Select Uncirculated Mint State-62 (MS62) condition and your 1878-S Morgan Silver Dollar has been graded by PCGS in Choice Uncirculated Mint State-63 (MS63) condition.
• THE CASE OF THE DISAPPEARING MORGANS – While millions of Morgan Silver Dollars were struck from 1878 through 1921, massive silver meltings and the ravages of time have taken their toll. Today coin experts believe that only 15% of all Morgans ever struck remain in existence!

At more than 140 years old, these vintage coins are an important part of America's history. Add the legacy of these fascinating coins to your collection now!