@gumby1234 said:
Chopmarks are damage to a coin. Even thou some may want to collect them it is a details coin whether the chopmarks are real or not.
All coins not as made are details with damage. Some details are indicative of natural use and others historical. Some are malicious or nefarious. Chop marks are both indicative of natural use and historical.
Oddly enough, the field of collecting chopmarked coins is stronger now than I have ever seen it. I had several for sale at the FUN show and was shocked to learn the kind of premium SOME earn - in a few cases, at multiple times the typical value of the host coin. And counter-inked coins have apparently become a serious niche as well.
The OP coin seems just "damaged" to me, and I don't think PCGS was appropriate in using the term "chopmark" in this particular instance.
I think most date/mm collectors of Morgans would call this damaged, and due to the severity and location, the price they would be willing to pay would be more in line with a grade of Good, or lower. Most of them would likely pass and prefer to spend $4k on an undamaged good. Thats a lot of money to most people for a damaged coin.
The chopmark collectors i know would not consider this chopmarked, as numerous other people have also posted.
I think this falls into an oddity area where the demand is extremely limited, especially due to the price of a 93-S, and you would have to have the exact right buyer to move it, let alone get any premium.
Answers
All coins not as made are details with damage. Some details are indicative of natural use and others historical. Some are malicious or nefarious. Chop marks are both indicative of natural use and historical.
11.5$ Southern Dollars, The little “Big Easy” set
Oddly enough, the field of collecting chopmarked coins is stronger now than I have ever seen it. I had several for sale at the FUN show and was shocked to learn the kind of premium SOME earn - in a few cases, at multiple times the typical value of the host coin. And counter-inked coins have apparently become a serious niche as well.
The OP coin seems just "damaged" to me, and I don't think PCGS was appropriate in using the term "chopmark" in this particular instance.
On the web: http://www.earlyus.com
I think most date/mm collectors of Morgans would call this damaged, and due to the severity and location, the price they would be willing to pay would be more in line with a grade of Good, or lower. Most of them would likely pass and prefer to spend $4k on an undamaged good. Thats a lot of money to most people for a damaged coin.
The chopmark collectors i know would not consider this chopmarked, as numerous other people have also posted.
I think this falls into an oddity area where the demand is extremely limited, especially due to the price of a 93-S, and you would have to have the exact right buyer to move it, let alone get any premium.