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The Coin
Collecting Dictionary
Welcome to the Coin Collecting Dictionary. Here you will find the
terms, definitions, etc. that are unique to our
beloved hobby. Simply click on the letter
below to bring you to all the terms and
definitions for that letter.
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H I J K L
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T
Toning
Over
time, the appearance of the surface of a coin
may change due to exposure to the atmosphere.
This occurs over many, many years. This
"toning" can sometimes be attractive and is
preferred by some collectors. In other
cases, toning can make a coin look downright
ugly. In some cases, unscrupulous folks
will apply
artificial toning to enhance the appearance.
Trade Dollar
The
Coinage Act of 1873 authorized a new
denomination, the silver Trade Dollar.
They weighed 420 grains each and were
specifically made for foreign commerce.
Although through an oversight, they had "legal
tender" status, it was later revoked on July
22nd, 1876. The Trade Dollar continued to
be
produced for trade until the
Bland-Allison Act of February 28, 1878
abolished them. They were then produced
only in Proof officially through 1883 and
then unauthorized by a few mint employees in
1884 and 1885. This coin has been highly
counterfeited, thus fakes are abundant.
Trade
Dollar Recoinage Act
Also
known as the Act of March 3, 1891. Due the
the Trade Dollar Redemption Act (Below), the
Treasury now had millions of
Trade Dollars.
This act called for them to be made into new
silver dollars
Trade
Dollar Redemption Act
The
Act of March 3, 1887, known as the Trade Dollar
Redemption Act, and also called the Act of
February 19, 1887 although March 3rd, 1887 was
the final date on the legislation. This
act allowed holders of
Trade Dollars to turn them in for
Morgan Dollars or other silver coins.
Under this Act, 7,689,036 Trade Dollars, or
about 20% of the entire amount minted, were
redeemed.
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