The treasury of the government of Niue, in partnership with the East India Company Bullion Ltd., has released the third coin design as part of their ongoing series entitled “The Trade Dollar Collection.” The series features five of the most popular and sought-after trade pieces issued during the mid-19th into the 20th
The first coin in the series, which was first issued in 2018, was the Proof quality collector coins and bullion quality coins that featured the design of the British Trade dollar, originally issued in 1895. The second coin issued in the latter half of 2018 was the coin featuring the design seen on the Trade dollar first issued from the United States in 1873. The third coin is perhaps the most distinctive, as the reverse side depicts an exceptionally detailed image of the well-known Chinese Trade dollar.
The Trade Dollar Collection is in tribute to the coins that shaped international commerce in various parts of the world. China’s first Trade dollar was often attributed to having been at the initiative of the Empress Dowager Cixi (1835–1908). During the time of her regency (1861–1908) for her son, and later, an adopted son, she ordered the formation of a Western‐style customs service. This directive enabled China to trade more efficiently with the rest of the world. Weights and measures standards were also re-organised, which was especially important to the development of new silver coinage — in time for the release of the “Dragon” Trade dollar.
First issued in 1889, the Chinese silver trade coins were minted in the Province of Kwangtung in a purpose-built Western‐style mint. With equipment procured from Great Britain, coins produced at this facility were machine‐struck and included the depiction of a mythical dragon in traditional style on the obverse. Borrowed from designs seen on similar Japanese and Korean coins, the dragon made its own appearance with a distinctly Chinese approach. Below the ferocious
The reverse side of the latest collector coins includes the classic detailed rendition of a dragon seen on China’s first Trade dollar. The primary design is surrounded by an Eastern symmetrical pattern and beads along with the text EAST INDIA COMPANY TRADE DOLLAR.
The obverse side of the Proof quality collector coins bears the effigy of Her Majesty Queen Elizabeth II created by British sculptor Ian Rank-Broadley. The text around the Queen’s portrait includes the name of the issuing authority, NIUE ISLAND, the denomination of ONE DOLLAR or 250 DOLLARS, and the year of issue date, 2019.
|One dollar||.999 Silver||31.1 g||38.6 mm||Proof||1,888|
|250 dollars||.999 Gold||31.1 g||32 mm||Proof||288|
The silver Proof quality crown coin is encapsulated and housed in an EIC-branded presentation case and is accompanied by a numbered certificate of authenticity.
The one-ounce Proof-struck gold coin is encased in an EIC-branded Perspex frame and is presented in a hardwood custom case, accompanied by a certificate of authenticity.
The five-coin set, when completed, will comprise collector coins representing the Trade dollars from Great Britain, the United States of America, China, France, and Japan. For additional information about these coins and others offered by the government and treasury of Niue, please visit the website of the East India Company.