Voyageur dollar Voyageur dollar The Voyageur Dollar was a coin of Canada struck for circulation from 1935 through 1986. Until 1968, the coin was composed of 80% silver. A smaller, nickel version for general circulation was struck from 1968 through 1986. In 1987, the coin was replaced by the loonie. However, like all of Canada's discontinued coins, the voyageur dollar coins remain legal tender. In 1911, after lengthy debate, the first Canadian silver dollar was struck. Only two remain, one in a museum, the other in private hands, and recently auctioned for $1.4 million. In 1935, a commemorative silver dollar was struck
Trade dollar (United States coin) decline and the intrinsic value of the coins fell below one dollar, bullion depositors began having their silver struck as trade dollars and selling them wholesale to be distributed throughout the country. Bullion producers opted to coin their silver into trade dollars because the Coinage Act of 1873 specified that silver brought to the Mint could only be struck as such or cast into bars. Congress considered raising the five-dollar legal tender limit on trade dollars, but instead passed a bill that officially demonetized the trade dollar on July 22, 1876; the Secretary of the Treasury was directed by the