1875-s trade, price guide vs. cert.

steveben

the price guide lists it's sisters almost twice what the pcgs certification number this one below lists. what? does anyone know why?



this coin has a grayish-purple luster that cannot be fully appreciated with still photos (especially mine).

comments welcome...

123cents

If you are asking why a 1875 Philadelphia Trade Dollar lists twice as much as a 1875's is because the mintage for the 1875 is much lower. For every 50 1875's you see for sell you might see one 1875.

tradedollarnut

Probably because of the chopmark. An 'MS63' is almost always worth more than an 'MS63 Chopmarked' - they are two distinctly different grades. Probably about a $500 coin, I'd say

steveben

sorry, what i mean is, why does pcgs coinfacts say the price for an 1875-s ms62 is ~1300 and this coin's certification is ms62 with a value of ~800. why the discrepancy? usually they match.

steveben

<< <i>Probably because of the chopmark. An 'MS63' is almost always worth more than an 'MS63 Chopmarked' - they are two distinctly different grades. Probably about a $500 coin, I'd say >>



so, it's the chop mark? i didn't know that. thanks

LanceNewmanOCC

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the first thing we as viewers would need to do is verify the cert ourselves with that estimated value and then compare it to the pcgs price guide, just for auditing purposes

i would have but didn't see the cert number listed for this coin to be able to look one up and am too lazy to go searching for a cert from another slabbed coin ;-)
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then an opinion may be offered
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stealer

<< <i>Probably because of the chopmark. An 'MS63' is almost always worth more than an 'MS63 Chopmarked' - they are two distinctly different grades. Probably about a $500 coin, I'd say >>


I'd take that for $500 if it's an MS63.

Fairly lustrous, better than most other lower grade MS's out there.

JMO

coindeuce

<< <i>Probably because of the chopmark. An 'MS63' is almost always worth more than an 'MS63 Chopmarked' - they are two distinctly different grades. Probably about a $500 coin, I'd say >>



Gee, thanks for sharing that TDN. I still think my PCGS-62 w/chopmarks is worth more than that.

TennesseeDave

Pcgs does not show a price for Chopmarked Trade dollars in the cert. verification to my knowledge,therefore they are worth whatever someone is willing to pay(as are all coins) I have sold one 75-s that was Pcgs AU-58 chopmarked for $375 and a 76-S AU-58 chopmarked for $425.So I would expect the coin shown in the OP to bring around $750/800 if its a 62. Just my opinion.

stealer

Past couple 63/chopped brought well over $1000 albeit the most recent was CAC'ed and has great luster.

steveben

coinfacts says an ms62 is 1360.

my cert value is 800.

i bought this coin saturday at a coin show in hickory nc from a dealer named david hall for 1450.

prior to the show, i wanted a trade dollar that was in good condition, with a chop mark and nice eye appeal for around 1000-1200. i had read about the coin's history and i liked the idea of adding one to my collection that had "been there and back." i did some research and knew there were common dates that could fit my criteria.

when i got to the show, i saw this coin and liked the look of it. i used coinfacts mobile to look up the price for that date and grade. i failed to look at the certification number, as i normally do. he looked at the gray sheet before quoting me a price. i knew it was a high price, but i wanted the coin and that was the best he could do.

i researched ebay, the red book, coinfacts, etc. nowhere is there a discussion about chop marks affecting the value one way or another. in fact, i have spoken to 4 dealers, including david, that told me they also like the history of the coin and prefer chop marks, as long as there aren't more than three and they don't take away from look of the coin. i thought it was just a variety that some liked and others didn't but that an ms62 is an ms62. wrong!

guess i failed when i failed to look up the cert#, and by digging deeper on chop marks.

oh well, i still like the coin.

lkeigwin

When checking the PCGS price for an already graded coin it is always easier and faster to just do a cert look-up. Coinfacts doesn't list a price for a chop marked '75-S. I suppose you've already figured this out.
Lance.

crypto79

Is it a MS62 or MS63? it is a 63 you are not too buried in the coin and you do have a very nice coin so it should come out it the wash. As for Chop marks on the common type coins or the ones that or more common with chops than without(77cc) it takes away from the value starting about 25% for choice & limited number of chops
74cc,74s,75cc,75s,76s,77cc,77s

For the coins that are simi keys in their own right or scarce with chops the value starts even for chop vs unchopped and gets lower as the number of chops/abuse goes up or eye appeal goes down.
73cc,73s,74p,75s/cc,76p,76cc,77p,78s

For the coins that are rare chopped the price starts much much higher and gets to about even if they are too ugly
73p,75p,78cc

The 3 most common by far are the 75s,76s,77s and they coins should be avoided as they will see the wildest spreads between buy/sell

tradedollarnut

For the coins that are rare chopped the price starts much much higher ... 73p,75p,78cc


The problem with this statement is that a chop can be put on a coin at any time.

tradedollarnut

i bought this coin saturday at a coin show in hickory nc from a dealer named david hall for 1450

you got ripped off. With a little patience you could find one for half of that

steveben

thanks. i appreciate the information.