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The Arrow on the US trade dollar

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Well, I don't know about the arrows, but the Trade dollar hubs were replaced around 1875 or 1876 for both the obverse and reverse. There are minor design detail differences between the Type I and II hubs. Coins with Type I obverse and Type II reverse exist. Here's more information

http://www.tradedollarnut.com/Home%20Page/Home%20first%20links/Collecting/Varieties.htm

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