| Author |
 Replies: 10 / Views: 4,282 |
|
|
Pillar of the Community
United States
7840 Posts |
I have been looking for a certified Trade dollar for a couple of weeks, and noticed that the TOP III TPG (used to) give Details for Chop Marked Trade dollars. But I see that PCGS gives actual grades now ( http://www.pcgs.com/Articles/Detail/3776) for these historical beauties. Do you think they would regrade these with today's standards or be more selective? If I remember correctly, ANACS used to give MS-60 (no matter how well struck it was) Details if the coin was uncirculated, but had other issues. Here is an example of an older ANACS slab with the Details label, but no mentioning of other issues;  I wish I had a better image, but my network server at work is very picky about websites. Image of a more recent PCGS graded Trade dollar with Chop Marks. Edited by oih82w8
12/29/2011 7:44 pm
|
|
|
|
Pillar of the Community
United States
5825 Posts |
I would also like to get started in a collection of these also, but am afraid to buy it raw, glad PCGS is grading it accordingly.
|
|
New Member
Mexico
22 Posts |
I think your question shoud be directed to PCGS. I have had an issue with both PCGS and NGC about the grading of coins with Chopmarks. PCGS grades Trade dollars with chops as any normal Trade dollar without chops. NGC does not, they give it a Details grade as with any other coin they grade. Yet, PCGS will only Details grade a non Trade dollar coin that has chops. I suppose their reason is that the Trade dollars were issued for Oriental trade. The Mexico Balance Scale Peso, issued around the same period of time, will only get a PCGS Details grade for chopmarks; the same as the popular 8 Reales coins of the same period. The Mexico coins were used extensively in the Oriental trade; in fact they were the preferred coin in the Orient and for that reason the US suspended minting the Trade dollar. I have several MS Balance Scale Pesos with chops that NGC will only grade as AU Details, CHOPMARKS. They won't give them a BU grade. |
|
Bedrock of the Community
United States
14454 Posts |
PCGS has always graded Trade dollars with chop marks on them,. they just put on the label that they have "chop marks" just like the one you show above. PCGS never put details grade on chop marked Trade dollars. The others always have but PCGS would slab these even before they had their Genuine slabs and would send other coins back to the sender in a body bag (no slab at all) |
|
Pillar of the Community
United States
684 Posts |
Chops are graffiti. Any TPG acknowledgement is a plus. There used to be a group that studied these. Interested if anyone had information on eight reales chops society. I have dozens. |
|
Rest in Peace
United States
9104 Posts |
Quote:
I have several MS Balance Scale Pesos with chops that NGC will only grade as AU Details, CHOPMARKS. They won't give them a BU grade. Since grading is based on the appearance of circulation (usually wear), I don't see how a coin with a chopmark (indicating a 10,000+ mile trip and handling by whoever marked it) could ever grade higher than AU. |
|
Pillar of the Community
United States
1302 Posts |
I agree with biggfredd. It is post mint damage. Although for this series, I find them a plus. I think the problem lies with the term MS... the 62 grade is probably fair. AU-62.
|
|
Rest in Peace
United States
9104 Posts |
au58 is closer to being ms63 than ms60-2.
|
|
Pillar of the Community
United States
1302 Posts |
|
|
Bedrock of the Community
United States
17884 Posts |
Quote:
Since grading is based on the appearance of circulation (usually wear), I don't see how a coin with a chopmark (indicating a 10,000+ mile trip and handling by whoever marked it) could ever grade higher than AU. Because grading is based on wear, not appearance. No wear,looks like crud = MS. Appears spectacular but has a hint of wear = AU. The definition of MS is "No wear" not "Looks nice". |
|
Pillar of the Community
United States
2295 Posts |
 Quote:
I think the problem lies with the term MS... the 62 grade is probably fair. AU-62. And with an AU grade, it can't go above 59. |
| |
Replies: 10 / Views: 4,282 |
|
Posted 01/09/2012 3:52 pm
