Newp..My first Trade Dollar purchase 1875CC MS 60

[grip]

chopmarked..how did I do,good ,bad or? I know very little about them,and thought $900.00 was a good price.

 

[Old Pueblo]

Nor am I knowledgeable about Trade Dollars, but she looks properly graded.

Just recently learned about Chopped Coins, and how they came to be.

 

From what I can see.... (thumbs u

 

 

 

 

OP

[crypto79-migration]

Can you ever do too bad with a unc details cc coin?

 

That looks very nice and you might get a better grade at pcgs which would double your money. It is a very nice coin with a lot of history behind it.

 

While the 75cc is plentiful chop marked, The price is fair as a unc 75cc is a rare coin that starts at about double that.

 

[mkman123]

Crypto know his trade dollars! Where is the chopmark and I wonder if this could be in a no problem holder as I thought chopmarks are accepted.

[grip]

Can you ever do too bad with a unc details cc coin?

 

That looks very nice and you might get a better grade at pcgs which would double your money. It is a very nice coin with a lot of history behind it.

 

 

 

I feal better already!Thanks.

[TomB]

That coin might be quite attractive for the assigned grade and the chop is in a good place so as not to really harm the design.

[crypto79-migration]

Crypto know his trade dollars! Where is the chopmark and I wonder if this could be in a no problem holder as I thought chopmarks are accepted.

 

 

 

Chop marks are accepted somewhat by the TPG

 

Anacs, icg and Ngc all do detail grade while pcgs does chop mark grades. There isn't really a difference but pcgs coins bring many multiples at auction and retail. I am on vacation and not sure how to work The I pad to post picture but if you look at my showcase at the 73s chop. It was in an ANACS AU50 details holder and is now pcgs au58 chop. I could see th 75cc in a ms 61 holder but I would have to see the skin in hand.

[mkman123]

I think I see the chop now, its underneath the words America. Nice look to it grip!

[grip]

Yes,I had to look for it also,right by the wing tip..And thanks Mike.

[x2rider]

Crypto. As you are the specialist on these .

This question is a bit general. But The trade dollar with a chop mark is surely a circulated piece by definition so how can one ever be graded MS when it is chopped ?

 

[MarkFeld]

Crypto. As you are the specialist on these .

This question is a bit general. But The trade dollar with a chop mark is surely a circulated piece by definition so how can one ever be graded MS when it is chopped ?

 

I'm not Crypto or a Trade Dollar expert. But if, for example, someone took a choice uncirculated Trade Dollar and applied a chopmark to it, it would still be uncirculated, just damaged (too). At least in my opinion.

[Nutmeg Coin]

Reminds me of the "L" and "E" counterstamped Bust quarters, I had one of those earlier in the year. PCGS will not give a number to those, but NGC will, funny reasoning for one vs. the other. I would spend the $25 a coin with PCGS and see what they do. I had a chopmark T$1 get a good grade at PCGS and then sold it through TT. Also, weird, I bought an AU58 T$1 ICG that was obviously doctored, I could not wait to sell it!

[crypto79-migration]

Crypto. As you are the specialist on these .

This question is a bit general. But The trade dollar with a chop mark is surely a circulated piece by definition so how can one ever be graded MS when it is chopped ?

 

 

Yes but most classic coins entered circulation before being set aside or one reason or another. Unc is a state of preservation and not a proclamation of never having entered commercial channels. Really all it means is no high point wear and limited to no impacted luster. Everything else is gravy

[jerseycat10]

Crypto. As you are the specialist on these .

This question is a bit general. But The trade dollar with a chop mark is surely a circulated piece by definition so how can one ever be graded MS when it is chopped ?

 

The term "uncirculated" does not imply the coin ever entered circulation, but rather, has it endured noticeable wear from being in circulation.

 

As such, this coin took as much beating as a coin could take without losing its uncirculated status.

 

Nice coin!

[crypto79-migration]

Crypto. As you are the specialist on these .

This question is a bit general. But The trade dollar with a chop mark is surely a circulated piece by definition so how can one ever be graded MS when it is chopped ?

 

I'm not Crypto or a Trade Dollar expert. But if, for example, someone took a choice uncirculated Trade Dollar and applied a chopmark to it, it would still be uncirculated, just damaged (too). At least in my opinion.

 

 

This is spot on but if you think about it all signs of circulation are technically damage be it rub, bag marks, tarnish or whatever. The only true variable is if the stuff is considered market acceptable and what kind of discount correlates to an example that doesn't have those condition.

 

 

From my experiences the split between people who don't mind them and those who find them to be pure damage is about 50-50. That said the more people get exposed and educated about them the more they accept them IMO

[Walkerfan]

I really like the looks of this Trade Dollar. You should resubmit it. IMHO.

[Nutmeg Coin]

Here is a heavily chop-marked piece I sold: http://www.teletrade.com/coins/lot.asp?auction=3089&lot=1824

 

Talk about damaged!

 

Here is a higher grade example:

 

http://www.teletrade.com/coins/lot.asp?auction=3094&lot=2244

 

This is the editorial from TT on Trade dollars, chopmarked:

 

"Such counter stamps were used by bankers and merchants in the Far East to signal the acceptance of a certain coin as silver or suitable for trade. The American ideal of free trade silver in the Orient was a dismal failure with the Trade Dollar failing to meet the trading quota of the Mexican eight real. The Trade Dollar became a stepping stone of foreign diplomacy during its short time of issue from 1873 to 1885. Many of these coins and those of Mexico found their way to melting pots in China."