Home U.S. Coin Forum

Extra! Hong Kong Daily Press, Apr.18, 1874, Trade Dollar In China –Success!- Demand Exceeds Supply!

JCH22JCH22 Posts: 170 ✭✭✭
edited September 16, 2024 9:00PM in U.S. Coin Forum


Comments

  • johnny9434johnny9434 Posts: 28,328 ✭✭✭✭✭

    way cool, nice find as well

  • WillieBoyd2WillieBoyd2 Posts: 5,134 ✭✭✭✭✭

    Here's the article text:

    THE AMERICAN TRADE DOLLAR IN CHINA
    Hong Kong, Saturday, 18th April 1874

    The demand for the new American trade
    dollar for export to China continues to increase,
    227,000 dols. of that coin having been shipped
    from San Francisco from the 1st to the 16th
    Feb., against the coinage at the mint in that
    city during the same time of 167,000 dols., the
    demand being in excess of the supply. The
    successful introduction of this coin into China
    is, according to the New York Herald, working
    important changes. San Francisco merchants
    and bankers have instructed their correspondents
    in Mexico to send them gold instead of
    Mexican dollars as heretofore. Within a few
    days a deposit of gold leaf made in Hongkong,
    weighing 1,200 oz., was made at the San Francisco
    Mint, and indicates the displacement of
    English and American gold coins now in China
    by the trade dollar. The Director of the Mint
    at Washington is of opinion that if the appropriations
    were sufficient to run the mints to
    their full capacity, without which the existing
    demand cannot be met, and the gold coinage
    charge abrogated, the bullion and coinage
    operations of the United States, which have
    been very largely increased during the past ten
    months, would be still further and permanently
    augmented, and would be followed by many
    advantages to the public interests. --
    Pall Mall Gazette

    :)

    https://www.brianrxm.com
    The Mysterious Egyptian Magic Coin
    Coins in Movies
    Coins on Television

  • Manifest_DestinyManifest_Destiny Posts: 6,896 ✭✭✭✭✭

    You've posted some cool articles lately. Good stuff!

  • goldengolden Posts: 9,598 ✭✭✭✭✭

    Very cool article.

  • JCH22JCH22 Posts: 170 ✭✭✭
    edited September 17, 2024 2:47PM

    .

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file