2018 Niue Trade Dollar Gold Proof Coin - East India Company.
This gold proof 1 oz coin is issued by the island nation of Niue, and is part of the East India Company’s five-coin 'Trade Dollar Collection'. The coin has a face value of $250 and comes with presentation box and certificate of authenticity.
It is struck in 24 carat (.9999) fine gold and contains one troy ounce of the precious metal. It has a mintage of just 200 coins.
Following the opening up of trade in China in the wake of the Opium Wars, European and American merchants had flocked to China to purchase Chinese goods. However, Chinese merchants preferred to trade in silver specie in the form of dollars, making silver trade dollar coins very much in demand in the Orient.
During the 1860s, an increase in trade between China and the United States paved the way for a ‘commercial’ US Trade Dollar that could compete with the silver trade coins used by other countries in the Orient. The new coins were struck .900 fine silver and weighed 420 grains (27.2 grammes), and were minted for export from 1873 until 1878. The production of proof trade dollars continued in limited numbers until 1883, however only a few proof examples exist today and are highly prized by collectors as a result.
The obverse features the fourth portrait of Queen Elizabeth II, designed by Ian Rank-Broadley. She is surrounded by an Oriental-style border and features the denomination of 250 dollars.
QUEEN ELIZABETH II · NIUE ISLAND · 250 DOLLARS · 2018 ·
The reverse shows the seated Lady Liberty holding an olive branch, which is inspired by the original US silver trade dollar design by William Barber.
THE EAST INDIA COMPANY · TRADE DOLLAR ·
|Weight / Size||1 Ounce|
|Gold Weight Troy Ounces||1|
|Silver Weight Troy Ounces||0|
|Fineness / Carat||0.9999 / 24|
|Obverse Designer||Ian Rank-Broadley|
|Reverse Designer||William Barber|
|Mint / Brand||East India Company|
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
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