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 Replies: 9 / Views: 2,070 |
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Pillar of the Community
United States
1370 Posts |
Finally picked me up a Trade dollar....chop marks yes....but they don't bother me....I guess I look at it as a pedigree so to speak   |
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Moderator
 United States
23522 Posts |
Unlike the TPG's it's difficult for me to assign a Mint State grade to a chopmarked coin, especially one with two different chops meaning it's been physically handled by two different dealer/brokers. No doubt (to me) it's authentic, but I have to call it AU. Barely circulated, but AU. |
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Pillar of the Community
United States
5832 Posts |
I prefer it with the Chopmarks, and I would like to built a collection of Trade dollars just like that. |
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Pillar of the Community
United States
3184 Posts |
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Pillar of the Community
 United States
1370 Posts |
 this is actually my first Trade dollar. And I had planned to pick up something slabbed. That being said, I buy from this guy all the time and if I were to get it checked out and told it was not authentic he'd take it back no questions asked. I'm thinking this is $125 well spent.....hopefully |
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Pillar of the Community
United States
4212 Posts |
Nice. Is that a die-crack uner the "E" in TRADE?
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Pillar of the Community
United States
1370 Posts |
@ fioti. It is this one has a number of things going on with it. I need to take a closer look
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Valued Member
United States
325 Posts |
what's a chop mark? There is also a 1877 Trade dollar on craigslist tampa bay for 250.00 but it's raw and I'm very leery of it. BTW, the OP coin looks great to me. |
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Moderator
United States
23522 Posts |
Quote:
what's a chop mark? Trade dollars were minted for the purpose of circulating in the Orient, as a reliable bullion-style coin in competition with the Spanish issues currently filling the role there. When an Asian assayer or businessman came into possession of them, they would determine their authenticity and then punch their "chop" into the coin by way of verifying the coin was authentic. This coin has two chops on it. The chops were applied by hand, of course, which is why I'm leery about calling chopmarked coins "Uncirculated" as technically they aren't. |
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Bedrock of the Community
United States
14454 Posts |
Quote:what's a chop mark? There is also a 1877 Trade dollar on craigslist tampa bay for 250.00 but it's raw and I'm very leery of it. Quote:
When an Asian assayer or businessman came into possession of them, they would determine their authenticity and then punch their "chop" into the coin by way of verifying the coin was authentic. Just please remember even if a coin has chop marks it can still be be counterfeit as they also copy chop marks on these coins to try and fool the collector. Years ago it was thought if it had chop marks on the coin it was automatically authentic. The counterfeiters caught on to this and they would place chop marks on their counterfeits so they wouldn't be scrutinized like the ones without the chop marks. This makes the ones with chop marks the same as the ones without them, you have to know what to look for before buying one raw. This all being said I do not see one thing on the OP's coin that would make me suspect it being counterfeit |
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Replies: 9 / Views: 2,070 |
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Posted 09/15/2012 01:17 am
