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1877-S Trade Dollar Chopped

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 Posted 11/30/2016  10:30 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list
Trying to load a better pic of the obverse and a rotated reverse which I think was ok -- I hope...

1877-S-Trade-Dollar-Chopped
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
Bedrock of the Community
United States
12057 Posts
 Posted 12/01/2016  12:42 am  Show Profile   Bookmark this reply Add paralyse to your friends list

Quote:
Not true. They still sell for roughly half of an unchopped specimen.


This may be changing now that PCGS no longer considers chop marks a details grade, but a full grade descriptor, and has, in fact, created Chop Marks registry sets.



Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Bedrock of the Community
United States
11902 Posts
 Posted 12/01/2016  12:52 am  Show Profile   Bookmark this reply Add numismatic student to your friends list
I bought this coin about 10 years ago from Harlan Berk in downtown Chicago. He even invited me into his office which is cavernous and filled with huge oil paintings and antiquities. That was an experience like walking into Stack's for the first time.
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
Pillar of the Community
United States
6370 Posts
 Posted 12/01/2016  09:00 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
I grade this coin as AU details, cleaned.

I find the chopmark at 9:00 on the obverse quite fascinating. It is the reverse of a Wu Zhu coin with rays pointing from the hole ("4 que"). Though use of this symbol was to invoke the good ol' days of hard money, the design has a more-mythical story behind it. Wu Zhus of this design were cast in the late Eastern Han Dynasty (25-225 AD), Three Kingdoms Period (225-316 AD), and the North-and-South Dynasties Period (316-581 AD). These were times of political and economic instability in China. So it is said that the sides of the square inner rim represented the four walls of a city, and the rays represented the wealth flowing out of the said city.

Here is an example of the coin I am talking about:

1877-S-Trade-Dollar-Chopped
Edited by TypeCoin971793
12/01/2016 09:01 am
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United States
11902 Posts
 Posted 12/01/2016  09:46 am  Show Profile   Bookmark this reply Add numismatic student to your friends list
Thank you for sharing your very interesting knowledge in this area. It is surprising where the study of US coinage takes us.
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
Bedrock of the Community
United States
11902 Posts
 Posted 12/02/2016  12:36 am  Show Profile   Bookmark this reply Add numismatic student to your friends list
Rotating coins.

1877-S-Trade-Dollar-Chopped

1877-S-Trade-Dollar-Chopped
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
Bedrock of the Community
United States
11902 Posts
 Posted 12/04/2016  11:07 am  Show Profile   Bookmark this reply Add numismatic student to your friends list

Quote:
This may be changing now that PCGS no longer considers chop marks a details grade, but a full grade descriptor, and has, in fact, created Chop Marks registry sets.


I have some mixed feelings about this. I have always loved chop marks as they confirm that the coin traveled to the Far East, and adds to the provenance of the coin when it was used in commerce. However, eventually certain chop marks will come to be more desirable than others and invariably those will be faked to enhance value. Whereas previously the chops didn't add value, and therefore there was no financial incentive to chop them, that situation seems likely to reverse. PCGS, through this change may be causing many original Trade dollar specimens to be defaced with fake chop marks.

The law of unintended consequences is always at work.
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
Edited by numismatic student
12/04/2016 11:10 am
Bedrock of the Community
United States
12057 Posts
 Posted 12/04/2016  12:10 pm  Show Profile   Bookmark this reply Add paralyse to your friends list

Quote:
I have some mixed feelings about this. I have always loved chop marks as they confirm that the coin traveled to the Far East, and adds to the provenance of the coin when it was used in commerce. However, eventually certain chop marks will come to be more desirable than others and invariably those will be faked to enhance value. Whereas previously the chops didn't add value, and therefore there was no financial incentive to chop them, that situation seems likely to reverse. PCGS, through this change may be causing many original Trade dollar specimens to be defaced with fake chop marks.

The law of unintended consequences is always at work.


I wouldn't worry too much. It's still a niche market within a niche market. The vast majority of mainstream collectors still do not consider chop-marked Trade dollars as anything other than defaced coins, albeit ones with an interesting history, much like counterstamps.
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Bedrock of the Community
United States
11902 Posts
 Posted 12/08/2016  11:42 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list
It's not perfect, but I think I was able to capture a much better image of the surface of this coin. Let me know if you have any thoughts. Thanks!

1877-S-Trade-Dollar-Chopped
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
Pillar of the Community
United States
2125 Posts
 Posted 12/09/2016  9:54 pm  Show Profile   Bookmark this reply Add bandsdean to your friends list
Cleaned AU-55 detail. I need one of these for my collection!
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 Posted 09/29/2017  4:35 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list


In the spirit of beating a dead horse () for which there appears to be an icon, I received some coins back from a TPG submission so updating some old threads. Thanks for all your help!

1877-S-Trade-Dollar-Chopped
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
Edited by numismatic student
09/29/2017 4:36 pm
Bedrock of the Community
United States
94367 Posts
 Posted 09/29/2017  4:44 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Way to go!
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 Posted 09/29/2017  5:56 pm  Show Profile   Bookmark this reply Add Beefer518 to your friends list
Nice skating on the cleaning!
Bedrock of the Community
United States
11902 Posts
 Posted 09/29/2017  6:23 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list
I admit that I also didn't think this was going to straight grade. Not crying about it though.
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
Bedrock of the Community
United States
94367 Posts
 Posted 09/29/2017  6:28 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
I didn't even consider a straight grade when I posted!
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