Question About Chop Marked Trade Dollars

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Author	Replies: 8 / Views: 2,222
dma110 New Member United States 28 Posts	Posted 12/20/2012 8:22 pm I'm looking at Trade dollars for my type set. I'm thinking about getting one with chop marks as I believe that shows the coin was used in the China trade. Value wise does that make any difference. I just feel chop marked coins would have more character. But does is do anything for the value of the coin. Any advice would be appreciated Thanks Dennis Report this Post to the Staff

Jimjumper Valued Member United States 331 Posts	Posted 12/20/2012 8:29 pm Chopmarks generally lessen the value of the coin because it is considered damage. But, a lot of collectors like chop marks for the very reason you describe. There is even a Chopmark club that specializes in collecting them. I have both and prefer the chopmarked ones and they are also cheaper. If you go with chopmarks for a 7070 album make sure they haven't been chopmarked so aggressively they won't fit in the album. Report this Post to the Staff
dma110 New Member United States 28 Posts	Posted 12/20/2012 9:25 pm Thanks for the info. Not using a 7070 album so no worrys on that point Report this Post to the Staff
matthewvincent Pillar of the Community United States 3486 Posts	Posted 12/21/2012 09:21 am Jimjumper, Would you recommend Dennis get a chopped mark dollar with the chops in the field(s) rather than on the devices and lettering? To my thinking, that would be an ideal goal. Both the history and an intact design together. Report this Post to the Staff
Jimjumper Valued Member United States 331 Posts	Posted 12/21/2012 09:58 am I think that is a great idea! Of course, I've also been a strong proponent of "1 coin is never enough" so I think maybe one of each would even be better. LOL! I would also be very cautious about making sure the coins are authentic. The Chinese have been faking these coins for years and have gotten very good at them. They will even make custom dates and proofs on demand. Report this Post to the Staff
dma110 New Member United States 28 Posts	Posted 12/21/2012 12:17 pm Matthewvincent That's a great idea. Pick one with chop marks in field. Might take more time to find the right one, but a lot of fun of this hobby is the thrill of the ch ASE Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36741 Posts	Posted 12/21/2012 2:01 pm dma I also decided to go with a chop marked dollar for my type set. As you stated, it shows the coin actually circulated in the orient making it far more interesting. The chop mark does reduce the cash value of the coin but actually adds historical value. Report this Post to the Staff
Tom B Valued Member United States 168 Posts	Posted 12/21/2012 2:24 pm Chopmarks generally will lower the value of a Trade dollar. However, you should also be aware of fake chopmarks placed upon counterfeit coins to make them easier to sell. Report this Post to the Staff
Ron_CA Valued Member United States 207 Posts	Posted 12/24/2012 12:42 pm I was 50/50 on this and just bought a 78s without chop marks for my 7070. Maybe I will buy another one with chop marks because I agree they tell a cool story. Report this Post to the Staff
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