TRADE DOLLAR Meaning and
Definition
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A trade dollar refers to a specific type of currency that is issued by a government, typically in the form of a coin, and is primarily meant for international trade. Unlike regular domestic currency, trade dollars are intended to be used in foreign markets and have a specific value that is typically set in relation to a specified benchmark, such as gold or silver.
Historically, trade dollars were used in various countries, including the United States, China, and Japan, during the late 19th and early 20th centuries. In the United States, for instance, trade dollars were minted between 1873 and 1885 and were primarily used to facilitate trade with countries in East Asia, particularly China.
Trade dollars generally have a higher silver content compared to regular coins of the same denomination. Thus, they are often considered more valuable in terms of their bullion content. However, trade dollars are not legal tender within the issuing country. Instead, their value derives from their acceptance in international trade and the relative value of the precious metal they contain.
Today, while trade dollars are no longer actively in circulation, collectors and investors often seek them out for their historical significance and numismatic value. These coins serve as artifacts of a bygone era, showcasing the economic and trade relationships between countries at the time of their issuance, making them valuable additions to coin collections.
Common Misspellings for TRADE DOLLAR
- rrade dollar
- frade dollar
- grade dollar
- yrade dollar
- 6rade dollar
- 5rade dollar
- teade dollar
- tdade dollar
- tfade dollar
- ttade dollar
- t5ade dollar
- t4ade dollar
- trzde dollar
- trsde dollar
- trwde dollar
- trqde dollar
- trase dollar
- traxe dollar
- trace dollar
- trafe dollar
Etymology of TRADE DOLLAR
The word "trade dollar" has a straightforward etymology. It is composed of two parts: "trade" and "dollar".
"Trade" refers to the commercial activity of buying and selling goods or services. It stems from the Middle English word "trade" or "traden" and the Old English word "tradian", both of which mean "path, track, course, or way".
"Dollar" originated from the German word "Thaler" or "Taler", which was a silver coin used in Europe, especially in the German-speaking region, dating back to the 15th century. The term "Thaler" was derived from "Joachimsthaler", coined from the silver mined in the Joachimsthal (Joachim's Valley) region of Bohemia (now part of the Czech Republic). The first thalers were minted in Joachimsthal in 1518.
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