Trade dollar definitions
| Word backwards | edart rallod |
|---|---|
| Part of speech | Noun |
| Syllabic division | trade dol-lar |
| Plural | The plural of the word trade dollar is trade dollars. |
| Total letters | 11 |
| Vogais (3) | a,e,o |
| Consonants (4) | t,r,d,l |
Trade dollar was a silver coin minted by the United States Mint from 1873 to 1885. It was specifically designed for use in trade with the Far East, particularly China.
Trade dollars were a way for the United States to compete with the Mexican Peso and other silver coins that were circulating in Asia at the time. These coins were larger and heavier than other U.S. silver coins to make them more appealing in international trade.
Design
The obverse of the trade dollar featured a seated figure of Liberty with an agricultural wreath. The reverse depicted an eagle with outstretched wings. The overall design was influenced by the coinage of the era, with intricate details and a classic look.
Controversy
Despite its intended use, the trade dollar faced controversy both at home and abroad. Many in the U.S. criticized the coin for being too heavy and not suitable for regular circulation. In China, the coin was often counterfeited, leading to its eventual decline in popularity.
Legacy
While the trade dollar was short-lived and not as successful as initially hoped, it remains a fascinating piece of American numismatic history. Today, these coins are highly sought after by collectors for their unique designs and the story they tell of international trade in the 19th century.
Trade dollar Examples
- I exchanged my US dollars for trade dollars at the currency exchange.
- The trade dollar was used in the 19th century as a currency for international trade.
- He bought some souvenirs with his trade dollars while visiting the foreign country.
- The trade dollar fluctuated in value against other currencies in the global market.
- She received trade dollars as payment for her export goods to another country.
- The trade dollar coin featured intricate designs symbolizing trade relationships.
- Many merchants accepted trade dollars as a form of payment for imported goods.
- He collected rare trade dollars as a hobby, displaying them in his coin collection.
- The trade dollar was minted by various countries to facilitate international commerce.
- After the war, the soldiers were paid in trade dollars to use in the local markets.