CC Trade Dollar
Jmis
Posts: 112 ✭✭✭
Just purchased an 1874CC Trade Dollar. Witter Coin had a video on Instagram of new items going on there website. So for giggles I checked the price on it and thought it was a great deal for a straight graded CC with chop marks and the CAC sticker. AU58 money in Greysheet is $1700. I purchased the coin for a lot less. It’s everything I wanted in a Trade dollar but don’t understand the low cost. Not that I’m upset, 😂
A friend told me it was because of the chop marks, I said then why did it straight grade plus the green bean?
Thoughts?
9
Comments
Great looking coin, chop marks aren't jarring...
I like it. The chop marks add some character as well as indicate the coin performed its intended function.
they will straight grade trades with chops
The history of chops are interesting and kinda cool…. That being said I don’t know why they straight grade them now? To me it’s post mint damage. Either way it sounds like your happy with the coin and the purchase price so congratulations. Trade dollars are a series that I believe still has room to grow.
Many collectors consider chop marks to be nothing more than mutilations. This probably accounts for the low price. Some participants on this forum like chop marked coins but I would never buy one.
The photo is not great but the coin looks to have been dipped. This could also account for some of the lack of interest.
It wasn’t for lack of interest, I bought the coin within minutes of listing.
Very happy with the coin! Picture was taken from screenshot of a video. TV
The pricing for chop marks is most heavily influenced by eye appeal and more importantly on the nauance if the coin is more well known chopped or Unchopped. There are more 74cc in the world chopped than unchopped survivors so the book value will be lower for chops. Some issues it is Neutral like a 74p while others it is a value add like a 73p or 78cc where most examples are unchopped. Nice pick up and I considered it my self as a fan of the series. Careful my first trade dollar ever was a nicely chopped 74cc that launched me into a decade of specializing.
Here are two scarce die pairs that are choicely chopped
1875 s/cc type 1/1
1875 s type 1/2 micro s
11.5$ Southern Dollars, The little “Big Easy” set
My 1874-CC with chops...
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
Most collectors think circulated Ike’s and bicentennial quarters are worth saving in bulk. The advanced know better
11.5$ Southern Dollars, The little “Big Easy” set
I'd be grateful to have a CC TD with chop marks in my collection. You did good. Peace Roy
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Jmis: From the TV, that looks to be a really nice coin, congratulations on the pick up.
As Crypto said, for most Trade dollars chop marks lower the value. For a few, they are neutral or actually add value.
My icon is a 74-CC in AU-50:
Complete Set of Chopmarked Trade Dollars
Carson City Silver Dollars Complete 1870-1893http://www.pcgs.com/setregistry/showcase.aspx?sc=2722"
This is my 1874 CC Trade dollar with chops.... Cheers, RickO
Further information... It is in an older slab with a blue label... I have no idea what generation that is...Cheers, RickO
In response to your question, yes, PCGS will straight grade chopmarked Trade Dollars (assuming there are no other condition problems with the coin), but they use different PCGS numbers for the chopmarked issues. The 1874-CC with a chop mark uses PCGS No. 87035, but the unmarked version would be slabbed with PCGS No. 7035.
Nice coin, here's my 74-CC without any Chopmarks.
They are NOT straight graded - they are chop mark graded. The designation is part of the grade. For all but a few select coins, the chopmark graded value is much less than a straight graded coin.
Show a real 75-P with a real chop mark not on the mint mark area and all bets are off on value.
Great information, thanks! The Trade dollar bug might of bit me.
You should look at @mbogoman & @DDR sets. Great stuff, there are some real series experts on this board if you want some help.
11.5$ Southern Dollars, The little “Big Easy” set
Congrats on your NP. Witter carries some nice stuff.
"Got a flaming heart, can't get my fill"
Nice coin, jmis! I like my Trades chopped, or unchopped. It's like a garnish.
It is a very virulent bug! There is no vaccine.
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
Great information, thanks! The Trade dollar bug might of bit me.
They are a lot of fun to collect. Prices are all over the place, but you can build a nice collection rather inexpensively. If you are interested, check out the Chopmark Collectors Club as well.
Complete Set of Chopmarked Trade Dollars
Carson City Silver Dollars Complete 1870-1893http://www.pcgs.com/setregistry/showcase.aspx?sc=2722"
I checked out your PCGS set and it’s fantastic! I really like how you went with circulated coins. Now my wheels are turning.
@Jmis : I've been collecting coins for decades and I have had more fun putting together that chopmarked Trade Dollar set than any other series I have collected.
Complete Set of Chopmarked Trade Dollars
Carson City Silver Dollars Complete 1870-1893http://www.pcgs.com/setregistry/showcase.aspx?sc=2722"