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I Have Bid On This 1875 CC Trade Dollar... How High Should I Go?

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Author Previous TopicReplies: 16 / Views: 1,726Next Topic Page 2 of 2
Rest in Peace
United States
10625 Posts
 Posted 11/20/2019  12:13 pm  Show Profile   Bookmark this reply Add dave700x to your friends list

Quote:
I find chopmarked trades as ugly as can be, therefore I have never even considered buying one


We share the same opinion. The $500+ bid is already higher than I would consider paying for this. Heck, I'm not even sure how one would set a fair value for something like this...
Bedrock of the Community
United States
11898 Posts
 Posted 11/20/2019  12:19 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list
Coin looks cleaned to me. I like chopped Trade dollars but this one is excessively chopped, obscuring the obverse design. I would stop bidding and look for a better looking example.
Valued Member
United States
303 Posts
 Posted 11/20/2019  12:20 pm  Show Profile   Bookmark this reply Add mrulon to your friends list
I looked at previous sold... they go higher than that.... I like chop marks... shows to me it was part of the history... but to each his own. At this price you are looking at either chop mark or cleaned. or both
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United States
6514 Posts
 Posted 11/20/2019  12:27 pm  Show Profile   Bookmark this reply Add chafemasterj to your friends list
I don't mind chop marked Trade dollars. My example in my 7070 has a single well placed one that doesn't take away from the coin (imo). But the example up for auction seems to have so many that it feels cluttered. I'd hang on to my cash and find a better example. (again imo)
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
Valued Member
United States
303 Posts
 Posted 11/20/2019  12:35 pm  Show Profile   Bookmark this reply Add mrulon to your friends list
here is one slight higher grade no chop marks .but $200 more still early in bidding
https://coins.ha.com/itm/trade-doll...ction-120115
Valued Member
United States
303 Posts
 Posted 11/20/2019  12:36 pm  Show Profile   Bookmark this reply Add mrulon to your friends list
and another on 76 instead of 75 lower grade chop marked....

https://coins.ha.com/itm/trade-doll...ction-120115
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United States
18687 Posts
 Posted 11/20/2019  1:22 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list
at full retail for an AU53 you are looking at close to $1000. I don't collect what I consider damaged coins so I don't know how much that would affect the value. I'm sure there are collectors out for this type of thing but I cant see it trading at anywhere near that valuation
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United States
2023 Posts
 Posted 11/20/2019  1:59 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list
One chop mark is too many for me. This, well, there could well be a market for it, but resale would be something I would definitely consider at this price point. Depends on how much you like it and how much you (or your heirs) might be willing to lose.
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United States
4469 Posts
 Posted 11/20/2019  2:04 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list
I would put the price range from $500 to $600. There are chop mark collectors of Trade dollar. If the coin in question has a chop mark that two collectors want, it could drive up the price. Collect what you want and enjoy your chop marks.
Valued Member
United States
303 Posts
 Posted 11/20/2019  2:18 pm  Show Profile   Bookmark this reply Add mrulon to your friends list
thank you all so far, I am interesting in hearing more points of view, At $500-$600 and willing to hold a few years I would be overly surprised that I would loss money. Coins that look very much like this sell for $750 or more. I don't want to push the high end, but I know there are people like me who like the look of a "used" coin.
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United States
6514 Posts
 Posted 11/20/2019  2:32 pm  Show Profile   Bookmark this reply Add chafemasterj to your friends list
Talk about a lot of chopmarks. Found this on ebay:

2F392416011642

This seller is putting a premium on the fact that it has so many.
The obverse is totally obliterated from all the stamping done on the reverse.
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
Edited by chafemasterj
11/20/2019 2:36 pm
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 Posted 11/20/2019  3:23 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
Its ugly in my opinion, I would skip.
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United States
94367 Posts
 Posted 11/20/2019  3:38 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
I fail to see the appeal of these either, but it's a big world out there.
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United States
2797 Posts
 Posted 11/20/2019  4:02 pm  Show Profile   Bookmark this reply Add SeatedNut to your friends list

Quote:
I looked at previous sold... they go higher than that.... I like chop marks... shows to me it was part of the history... but to each his own. At this price you are looking at either chop mark or cleaned. or both


Sounds like you have answered your own question. If you intend to keep it and not expect appreciation in value for a future flip, then by all means get what you like and what you can afford.
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United States
36841 Posts
 Posted 11/20/2019  4:10 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
I am a big fan of chop marked TD's. But this one has far too many, so much so that the coin looks bent. Not one I'd buy.
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