How is a chop-marked coin different from any other mutilated coin? If they don’t grade coins with chisel marks, why should the grade coins with bent chisel marks?
Although I have chop marked Trade Dollars, and find them interesting, that one does not look good to me. If truly in a PCGS slab (and not a counterfeit), than likely authentic, but different than others I have seen. Will have to check Rose's book for those. Cheers, RickO
<< <i>How is a chop-marked coin different from any other mutilated coin? If they don’t grade coins with chisel marks, why should the grade coins with bent chisel marks? >>
Excellent Question which I'm sure the answer would be that folks collect these coins for their historical value. Beside's, these coins were not intended for circulation within the Continental US anyway.
From my perspective, every coin, whether damaged or not, should receive a grade with the "damage" so noted. Call it details or whatever, just stick a grade on it and adjust your guarantee's accordingly since some folks don't really mind this stuff.
Come to think of it, some grading companies don't really seem to mind this stuff if the coin has a big enough provenance.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
<< <i>How is a chop-marked coin different from any other mutilated coin? If they don’t grade coins with chisel marks, why should the grade coins with bent chisel marks? >>
Because that's a part of what they were intended for. Yes, technically they are damaged, but Trade Dollars are an exception to the damage rule. They were used for trade with the orient (China) and abroad. Chinese merchants marked them so when they saw them again, they would know they were authentic. The chop marks were a means of authentication, and since it was a part of their purpose in commerce, chop marked Trade Dollars are not treated as damaged by TGPs.
Best regards, Dwayne F. Sessom Ebay ID: V-Nickel-Coins
<< <i>How is a chop-marked coin different from any other mutilated coin? If they don’t grade coins with chisel marks, why should the grade coins with bent chisel marks? >>
Chop marks on Trade Dollars are almost like adjustment marks on early U.S. coins. They have come to be considered “part of the territory” because Chinese merchants placed them on the coins in fairly large numbers as “certification.”
BUT like adjustment marked early coins, Trade Dollars with a lot of obvious chop marks might get a grade, but selling them for reasonable prices relative to that grade is tough. A chop marked Trade Dollar is a wonderful piece of history, but don’t bet the ranch on them if you are looking sell them for a good price.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
<< <i>From my perspective, every coin, whether damaged or not, should receive a grade with the "damage" so noted. Call it details or whatever, just stick a grade on it and adjust your guarantee's accordingly since some folks don't really mind this stuff.
Comments
Pgcs cert is ok
Barcode is correct
No matching coin in the Heritage auction archives.
bob
<< <i>How is a chop-marked coin different from any other mutilated coin? If they don’t grade coins with chisel marks, why should the grade coins with bent chisel marks? >>
Excellent Question which I'm sure the answer would be that folks collect these coins for their historical value.
Beside's, these coins were not intended for circulation within the Continental US anyway.
From my perspective, every coin, whether damaged or not, should receive a grade with the "damage" so noted. Call it details or whatever, just stick a grade on it and adjust your guarantee's accordingly since some folks don't really mind this stuff.
Come to think of it, some grading companies don't really seem to mind this stuff if the coin has a big enough provenance.
The name is LEE!
<< <i>does anyone else think fake slab? >>
the slab looks fake to me.
<< <i>looks like a fake slab to me to. seems like seller is trying to hide something by not showing all of the slab. be careful >>
He showed a corner and a side. That's enough view for me to say real.
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>How is a chop-marked coin different from any other mutilated coin? If they don’t grade coins with chisel marks, why should the grade coins with bent chisel marks? >>
Because that's a part of what they were intended for. Yes, technically they are damaged, but Trade Dollars are an exception to the damage rule. They were used for trade with the orient (China) and abroad. Chinese merchants marked them so when they saw them again, they would know they were authentic. The chop marks were a means of authentication, and since it was a part of their purpose in commerce, chop marked Trade Dollars are not treated as damaged by TGPs.
Dwayne F. Sessom
Ebay ID: V-Nickel-Coins
Ahhhh...love the practical cynicism!
<< <i>How is a chop-marked coin different from any other mutilated coin? If they don’t grade coins with chisel marks, why should the grade coins with bent chisel marks? >>
Chop marks on Trade Dollars are almost like adjustment marks on early U.S. coins. They have come to be considered “part of the territory” because Chinese merchants placed them on the coins in fairly large numbers as “certification.”
BUT like adjustment marked early coins, Trade Dollars with a lot of obvious chop marks might get a grade, but selling them for reasonable prices relative to that grade is tough. A chop marked Trade Dollar is a wonderful piece of history, but don’t bet the ranch on them if you are looking sell them for a good price.
<< <i>I vote lousy images. >>
Other than that, real.
Do the Chinese make fake slabs for <$250 coins???
Are the words "Chop Mark" in the same relative location on the labels? This one seems to be closer to the left as compared to the "1875-S."
Dunno.
Link
Edited to add......looks like a hijacked account...
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<< <i>From my perspective, every coin, whether damaged or not, should receive a grade with the "damage" so noted. Call it details or whatever, just stick a grade on it and adjust your guarantee's accordingly since some folks don't really mind this stuff.