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 Replies: 19 / Views: 2,030 |
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Pillar of the Community
United States
4471 Posts |
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Pillar of the Community
United States
4233 Posts |
Listing: https://www.ebay.com/itm/275781469254Examples like this make me question why. If it was done to give it their stamp of approval, after so many merchants already did so, what was the point of adding another one? Advertising? |
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Pillar of the Community
United States
4471 Posts |
Quote:
Examples like this make me question why. If it was done to give it their stamp of approval, after so many merchants already did so, what was the point of adding another one? Advertising? The chop mark was done to detect counterfeit metal. They used a punch and a hammer to imprint their stamp on the coin. When the punch was hit, they could feel the resistance of different type of metals, and they could see fresh silver where their stamp was placed. The amount of chop marks could be their lack of trust and their stamp of approval. |
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Pillar of the Community
United States
4233 Posts |
@Slider23 I understand that, but in this case the most recent merchant didn't trust 20+ previous merchants who already did that. I find it curious.
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Pillar of the Community
United States
4471 Posts |
I had read that counterfeits of silver were a problem for the Chinese merchants. I would not be surprised if different types of counterfeit silver coins were in circulation with chop marks.
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Pillar of the Community
United States
4471 Posts |
The 1874 S TD was a date that was well traveled in China and is readily available with chop marks. The chop marks on this date do not add any premium and might be a negative in value. The ebay asking price is about double on where I would value the coin. Pass, unless you can get a substantial discount off the asking price. |
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Pillar of the Community
2224 Posts |
What do you think? Do you like &  ? Too many for me. |
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Pillar of the Community
United States
5838 Posts |
 I'm looking to replace this one I have in my type set. |
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Valued Member
United States
125 Posts |
I like 0 chop marks on my Trade dollars. I always pass when I see those. But, some folks like the Chinese trade history. |
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Bedrock of the Community
 United States
25628 Posts |
An unobtrusive chopmark adds a certain panache to a Trade dollar. It demonstrates that it's been there and back, which IMHO accentuates the history of the coin. Inordinately fascinated by bits of metal with strange markings and figures
Edited by HondoB
06/16/2023 6:15 pm
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Moderator
United States
98107 Posts |
chop marks are ok, but within reason - the coin above is not within reason (far too many and distracting.)
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Moderator
United States
15537 Posts |
No, I do not like it. Way too many chops for my eye to enjoy.
Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
United States
3343 Posts |
I like it. It did its job. The Trade dollars were created to export excess silver from the Comstock. When attempts were made to use them domestically they were shunned by merchants and circulated at a heavy discount. They were also used to cheat workers out of their pay. For years I had no interest in these coins. But recently I became interested in them for their history. https://www.numismaticnews.net/amp/...its-own-tune"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
06/18/2023 11:33 am
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Valued Member
United States
125 Posts |
i think 1 chop mark is too many on a Trade dollar. I understand the historical interest in them but ive just never liked them. |
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Pillar of the Community
United States
3755 Posts |
I am in the minority. I rather like that one. However, I absolutely would NOT pay that price. I dont consider the chops to warrant a huge premium. A 74 S in XF is valued at 450 on CoinWorld. I might go 475, but thats it. |
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Posted 06/11/2023 11:51 am
