1822 CAPPED BUST 10C MS65

GEM LUSTROUS SURFACES WITH ELECTRIC BLUE PERIHERAL TONING. ONLY ONE COIN GRADE HIGHER AT PCGS.
Grading Service: PCGS
SKU: 139113
Cert Number: 36847577
$110,000.00**
$125,000.00

Earlier in the United States establishment, the government attempted to create and maintain relations with several native tribes, particularly in the south. In order to do so congress passed a series of acts that established trade factories throughout Arkansas along the Mississippi river and later the Missouri River. The first was in the Arkansas Port (1805-1810), the second in Sprada Bayou (1817-1822), and the third moved from its original location along the Mississippi to the more western location of Fort Sulphur (1818-1822). These locations were all a part of the Indian Factory System that the U.S. hoped would keep relations up to par with the Natives as we expanded westward. The catch was Natives found very little value in our monetary system, as their economy had been based on a bartering system for centuries. As a result traders would give Native Americans alcohol in exchange for their trapping abilities and hunting instinct. Unfortunately, thanks to the Trade and Intercourse act of 1802 this was illegal and an amendment was added to the original act by 1822 which enforced stricter policies. This new amendment cracked down on the amount of alcohol that entered Native territory and established check points that allowed traders’ items to be confiscated and searched. This obviously put a significant glitch in the system that hindered the trade factories and general relations. Due to the strenuous effect of these crack downs the amendment ended the Trade Factories all together to avoid further conflict- beside Natives would be removed from the area only a couple years down the road. This new, stricter policy prevented a lot of alcohol from entering the Native Territories but sales were still an issue until 1832 when all sales to Natives were made illegal.

**Source: PCGS Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.