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 Replies: 18 / Views: 1,218 |
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Bedrock of the Community
 United States
18680 Posts |
i seriously doubt anyone counterfeiting this would chop it up like it is pretty slim as the value is pretty much gone other than a hole filler. I think Earle42 nailed it when assessing value on any coin with damage. this one, however, is quite extensive. i'd call it XF details ( PMD) a slabbed XF40/45 straight goes for about $400. personally I would not consider this one collectable. A damaged coin could be as low as 20% of retail. I found one with similar damage that sold for $75 |
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Pillar of the Community
Portugal
655 Posts |
The pair of rim cuts could have been testing if it was genuine silver. The others look just damage. I think unrelated.
Looks still nice to me. I say collectable.
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Valued Member
 United States
113 Posts |
I think you are under-estimating the current market for Trade dollars. Trade dollars in lower grades than this with graffiti and holes in them sell for $200. This coin is far more collectable than those would be. If you can identify it as a Trade dollar it's $150+ right now. My guess is this coin would sell for $225-250 given time. Of course it's true every collector has different biases about coin condition. For example I would never buy a coin that had a hole in it or obvious graffiti, but I do buy coins that have been plugged or are a little beaten up. On display in a capsule you don't really see the damage so much, you mostly just see a crisp beautiful Trade dollar. Which is why it's my keeper for now. I do appreciate you taking a look at it though.  Edited by Bdlc
10/23/2025 09:47 am
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Bedrock of the Community
United States
36782 Posts |
Even if genuine it would be a hard coin to sell.
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Pillar of the Community
United States
2281 Posts |
I don't even want this coin for $99.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Pillar of the Community
United States
886 Posts |
To each his own. I'd buy a coin with a hole in it or graffiti on it for the right price. I was looking at an 1870-CC Seated dollar with a date, 1/10/93, scratched into it rather large and aggressively. I'd consider buying it for about 15-20% of the $2K asking price. |
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Bedrock of the Community
 United States
25338 Posts |
If you're happy with it, that's all that matters.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
Taiwan
606 Posts |
If you like the coin as a $99.99 OBO that is all that matters. I see this as a win-win situation as you were happy
to snag the coin and I am sure he was happy with the sale.
Edited by Everest
10/24/2025 5:05 pm
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Moderator
United States
188770 Posts |
Quote:
If you're happy with it, that's all that matters.  |
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Bedrock of the Community
United States
10563 Posts |
I don't have a Trade dollar - I'd buy it all day long for $99.  |
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Moderator
United States
188770 Posts |
Quote:I don't have a Trade dollar - I'd buy it all day long for $99. Everyone needs one. I got lucky with mine, bought from a CCF member. |
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Valued Member
United States
113 Posts |
It is interesting how the opinion on that coin varies so widely among the community. I'm sure many here are very high-end collectors and that coin would just be throw-away trash to them. But it is good to see there are some, like me, who have to try and own rare coins on a very limited budget. I have to make sacrifices in the condition I will tolerate in order to have coins I consider rare on my desk.
Having said that I've been on the prowl for a Fugio for months but can't find one that is in decent enough condition for what I can afford, $500. I'd be thrilled to get a Fugio in worse condition than that TD, much worse and even holed. But every device and diagnostic is visible on that TD, and this damage to me is far less distracting and destructive than chopmarks. That's a win for me for under $100.
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Bedrock of the Community
United States
11896 Posts |
For collectors it is a tough choice, deciding how to spend a limited budget. I think that I collect on the higher but not the highest end. I still have a budget and constraints.
People approach how to build a collection differently. This approach should suit your goals, preferences and budget. Sometimes you meet people that try to impose their preferences on you and tell you that their way is the only correct way and the best way to do things. Sometimes they tell you these things because they care about you and don't want you to repeat their mistakes, and sometimes they tell you this because it is the only experience they have had under their specific set of circumstances.
It looks like you have a strong sense of your goals and preferences, so just do you. There is an art to learning and growing within a community and it involves taking in what is useful and discarding what is not so useful, preferably with grace. Learning to do this over time, people used to call it growing up or maturing into something. This can happen at any age and that is the fun of collecting imho.
Nice coin BTW and I can see what attracted you to this purchase.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
Taiwan
606 Posts |
Well said numismatic student. Bdic: Numismatically speaking your coin is not beautiful or rare. Referring to it as such is a misnomer. I am in a similar situation as I am putting together a set of Japanese Trade dollars from 1870-1897 that are chopmarked with a Gin counterstamp. These coins are covered with Chops and considered downright ugly and damaged by some of my fellow collectors and I agree but to me each Chop tells a story and that is interesting to me. When I look at your coin I think what was going on in San Francisco in 1878 (anti Chinese race riots) or the Nation. The Bland-Allison act was passed which led to the minting of Morgan dollars. There are so many different ways to approach and enjoy this hobby. You have the ticket and you are the conductor. |
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Valued Member
United States
113 Posts |
Everest: I agree with the perspective. I do see how someone might make a collecting career out of the chop-marks of the Trade dollars of the time. It would be a fascinating rabbit hole to be going down I'm sure. I am going to continue to feel my TD is both rare, beautiful, and unique. It was just trying to find someone who could appreciate it's pain, it's my rescue TD. |
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Posted 10/23/2025 09:02 am
