2018 British Trade Dollar 1oz Silver Proof Coin
In 1895 the British Trade Dollar was introduced following the need for British Merchants to trade freely in the Orient without having to rely on the supply of foreign silver coins.
A British coin with an eastern feel, the British Trade Dollar was minted exclusively for use in the Far East. It depicted, for the first time on a coin, a helmet-wearing Britannia holding a trident and the British shield with a merchant ship in the background.
These silver coins were issued to the same specification as the famous Spanish Dollar – the international trade coin of the time and most trusted silver coin in the Orient trade. The need for a coin unrelated to a foreign country’s mint or silver supplies, which could be minted on demand allowed British Merchants to take advantage of the silk, porcelain spice and tea trade in the Orient which flourished at the end of the First Opium War. The British Trade Dollar was just the second coin minted by the British purely for international trade, after the ‘Portcullis Money’ or Testern silver coin of 1601, issued by Queen Elizabeth I for The East India Companies first voyage to the East.
Issuing Authority: Niue
Denomination: ONE DOLLAR
Issue Limit – 2,500 coins
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The Trade Dollar Collection
The East India Company’s New Trade Dollar Collection consist of five new coin designs celebrating the infamous defacto Trade Dollar currency of the Orient. Silver Trade Dollars were introduced by countries across the world to provide silver to merchants to exchange for Chinese tea, silks and porcelains as they raced to the Orient in the late 1800’s.
The Trade Dollar Collection consists of five beautifully designed coins, each inspired by the original trade dollar designs of the Britain, America, France, Japan and China. Planned for release at regular intervals over the next two years, each coin is minted to exceptionally low issue limits and are expected to be one of the most highly prized collections of the modern coinage era.