Chopmarked 1804 discovered! READ THE DETAILS!!!!!!!
jadecoin
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Jade Coin Announces Discovery and Acquisition of Famous 1804 Rarity
BY CARO LINUS
August 29, 2003, St. Louis, MO
With the recent $1.2 million sale of the famous Adams-Carter specimen 1804 American Silver dollar still fresh in the minds of numismatists nationwide, it is no surprise that rarities of great magnitude are attracting headline attention. As most coin collectors well know, only 15 specimens of the 1804 dollar are known to exist. In an unprecedented move yesterday, Jade Coin Company of Grand Rapids, MI, announced the discovery and acquisition of another fabled numismatic rarity.
"We are fortunate to have been able to make this amazing acquisition of an 1804," said Dennis Tarrant, President and CEO of Jade Coin Company. "Our acquisition two months ago of the hoard of five holed large-cents caused quite a stir, but our announcement today should really put us on the map."
The 1804 acquired by Jade Coin is the only specimen known to exhibit chopmarks, which are little Chinese characters counterstamped or punched into the suface of coins to confirm their exchange value in the far East. The use of chopmarks confirmed the coin to be genuine and of full silver weight. Prior to today's announcement, no 1804 silver dollars were known to feature chopmarks.
"What really amazed me was the amount of circulation evident on the coin." stated Mr. Tarrant. "By today's standards, this coin would only grade VG (very-good) at best, but we are presently in negotiations with PGCS (Pretty Good Certification Service) in hopes they will certify and encapsulate this coin as genuine, grade notwithstanding. Should they choose to body-bag the coin, we will likely have it certified at Accu-Greed, since the encapsulation technology was originally developed by that firm, and their reputation is well-established.".
The provenance, or origin, of the coin is unknown. It was purchased from the stock of a foreign coin dealer in Shiroh, an ancient trading port in Northern Indo-China. Mr. Tarrant postulates that the coin saw normal circulation activity for many years before being plucked from circulation and set aside as a collectible. Furthermore, although it is accepted that the fifteen previously known 1804 silver dollars were struck posthumously, probably during the 1830's, the Jade Coin specimen is believed to have actually been struck in 1804.
When pressed for what plans lay in store for the discovery coin, Mr. Tarrant seemed reluctant to speculate.
"We're obviously interested in selling the coin, but only if the appropriate profit-margin can be realized." he said. "We paid over $9 US for it, and when you include shipping and handling charges, the total cost is well over fifteen dollars. Plus, once you tack on the charge for certification, I can honestly say that we will need to sell the coin for at least $36.95 just to break even." James Garcia, staff member of the firm's Display Case Windexing department, suggested that the coin may be placed in a major auction. "Our best shot at recouping our investment may be to make sure this coin gets maximum exposure, like in a national auction".
Mr. Garcia also mentioned that so far, neither Hermitage Auctions nor Bowels and Hernia Galleries had returned calls concerning their inquiries. "We were hoping to hear back from their representatives, but we understand both firms are busy preparing catalogs for the upcoming State Quarter Extravaganza in Salt Lick City. If we don't hear something soon, we intend to list this coin on eBay, where it is certain to realize strong value."
Jade Coin asks that all inquiries regarding this coin be directed to their Fictional Resources department. You can view in image of this coin on-line by visiting online at http://www.earlyus.com/temp/1804.jpg.
BY CARO LINUS
August 29, 2003, St. Louis, MO
With the recent $1.2 million sale of the famous Adams-Carter specimen 1804 American Silver dollar still fresh in the minds of numismatists nationwide, it is no surprise that rarities of great magnitude are attracting headline attention. As most coin collectors well know, only 15 specimens of the 1804 dollar are known to exist. In an unprecedented move yesterday, Jade Coin Company of Grand Rapids, MI, announced the discovery and acquisition of another fabled numismatic rarity.
"We are fortunate to have been able to make this amazing acquisition of an 1804," said Dennis Tarrant, President and CEO of Jade Coin Company. "Our acquisition two months ago of the hoard of five holed large-cents caused quite a stir, but our announcement today should really put us on the map."
The 1804 acquired by Jade Coin is the only specimen known to exhibit chopmarks, which are little Chinese characters counterstamped or punched into the suface of coins to confirm their exchange value in the far East. The use of chopmarks confirmed the coin to be genuine and of full silver weight. Prior to today's announcement, no 1804 silver dollars were known to feature chopmarks.
"What really amazed me was the amount of circulation evident on the coin." stated Mr. Tarrant. "By today's standards, this coin would only grade VG (very-good) at best, but we are presently in negotiations with PGCS (Pretty Good Certification Service) in hopes they will certify and encapsulate this coin as genuine, grade notwithstanding. Should they choose to body-bag the coin, we will likely have it certified at Accu-Greed, since the encapsulation technology was originally developed by that firm, and their reputation is well-established.".
The provenance, or origin, of the coin is unknown. It was purchased from the stock of a foreign coin dealer in Shiroh, an ancient trading port in Northern Indo-China. Mr. Tarrant postulates that the coin saw normal circulation activity for many years before being plucked from circulation and set aside as a collectible. Furthermore, although it is accepted that the fifteen previously known 1804 silver dollars were struck posthumously, probably during the 1830's, the Jade Coin specimen is believed to have actually been struck in 1804.
When pressed for what plans lay in store for the discovery coin, Mr. Tarrant seemed reluctant to speculate.
"We're obviously interested in selling the coin, but only if the appropriate profit-margin can be realized." he said. "We paid over $9 US for it, and when you include shipping and handling charges, the total cost is well over fifteen dollars. Plus, once you tack on the charge for certification, I can honestly say that we will need to sell the coin for at least $36.95 just to break even." James Garcia, staff member of the firm's Display Case Windexing department, suggested that the coin may be placed in a major auction. "Our best shot at recouping our investment may be to make sure this coin gets maximum exposure, like in a national auction".
Mr. Garcia also mentioned that so far, neither Hermitage Auctions nor Bowels and Hernia Galleries had returned calls concerning their inquiries. "We were hoping to hear back from their representatives, but we understand both firms are busy preparing catalogs for the upcoming State Quarter Extravaganza in Salt Lick City. If we don't hear something soon, we intend to list this coin on eBay, where it is certain to realize strong value."
Jade Coin asks that all inquiries regarding this coin be directed to their Fictional Resources department. You can view in image of this coin on-line by visiting online at http://www.earlyus.com/temp/1804.jpg.
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Comments
Congratulations.
Tom
agentjim, funny that you should mention that. I was thinking the same thing as I am here in my Michigan office working my arse off, while James is playing on the internet all day. OK James, you heard the man, "GET TO WORK!!!!"
Dennis
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
Mike Printz
Larry Whitlow, Ltd.
Web site
Harlan J. Berk, Ltd.
https://hjbltd.com/#!/department/us-coins
09/07/2006
(but a valiant effort...)
K S
I recently saw an AU/UNC Trade Dollar chop-marked on both obverse & reverse for under $100.
Anybody out there have any estimates of what this coin may be worth?? I guess I should have paid attention to the date/mm, but I assumed a common date coin.
It was so heavily "chop marked" that the coin was bent resulting from the blows.
Thanks in advance for letting me know if I should track it down and buy it.
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
Go BIG or GO HOME. ©Bill
Stuart, actually the credit (or blame) goes to James for that story. He's the creative writer at our company. The only thing that I do at Jade Rare Coin is roll wheat cents all day long. James handles the rarities and designs/maintains our web site.
Brian, Jeremy is not off of the hook until he sends me the 1842 Seated Half variety (errant 4) that he cherry picked!
<< <i>So now that you have an 1804 Dollar, is Jeremy off the hook for selling that Stella for $4?
Brian, Jeremy is not off of the hook until he sends me the 1842 Seated Half variety (errant 4) that he cherry picked! >>
I didn't cherrypick it! Don't I have to realize what the coin is for it to be cherrypicked?
I'll probably send it to NGC... then I'm considering what else to do with it...
James---see mail from me 3 days ago