UNITED STATES: AR dollar, 1877-S, KM-108, Trade issue, PCGS graded XF45. By 1877 trade dollars had become a nuisance in domestic circulation, It appears that the greater part of this issues huge mintage did indeed get shipped to the Far East. Many of these coins were quickly melted and then cast into bars, while others became the source of silver for jewelry pieces. This was particularly true in India, which became the ultimate destination of many trade dollars received in the seaports of China and Southeast Asia.
