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1876 Trade Dollar

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Pillar of the Community

United States
3156 Posts
 Posted 05/13/2013  8:27 pm Show Profile   Bookmark this topic Add jerryc39 to your friends list Get a Link to this Message Number of Subscribers
Picked this coin up for junk silver price of $18.50. Not sure what happened to the coin to make it this odd color. Details look fairly sharp though. Do you think this coin is worth more than melt? Thanks Jerry [URL="http://s1274.photobucket.com/user/jerryc39/media/007_zpsb4d74032.jpg.html]1876-Trade-Dollar[/URL] [URL="http://s1274.photobucket.com/user/jerryc39/media/008_zpsdf999257.jpg.html]1876-Trade-Dollar[/URL]
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Dave H's Avatar
United States
1436 Posts
 Posted 05/13/2013  9:24 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
If real, it may have been buried, then cleaned. How much does it weigh?
New Member
bustcoin's Avatar
United States
10 Posts
 Posted 05/13/2013  9:40 pm  Show Profile   Bookmark this reply Add bustcoin to your friends list Get a Link to this Reply
Not a series I am big in to, but the S mint mark appears a lot smaller than it should be.
I would have major doubts as to the authenticity, but if it is bad, $18.50 would be a cheap lesson.
__________________________________
Edit:
I was able to find one with a similar size, different position mintmark. Without knowing the weight and inspecting in hand, it will be hard to determine.

But to answer one of your questions, if genuine, it is worth a fair amount more than melt.

But like I said, not my series, but I have my doubts.
Edited by bustcoin
05/13/2013 9:45 pm
Valued Member
slowaltima's Avatar
United States
203 Posts
 Posted 05/13/2013  10:36 pm  Show Profile   Bookmark this reply Add slowaltima to your friends list Get a Link to this Reply
If its too good to be real, then it probably isn't. I'm by no means an expert on the series, but it looks odd. Everything looks right, but the coloring is way off. Please test this coin with a magnet. Also, what is the weight of it? You will also want to measure the coin.
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 05/13/2013  10:41 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
Well, I am pretty sure that is fake. For a Trade to be worth only melt it would have to be either an AG or worse coin, or a fake. Money aside.

The MM is way too small IMO as mentioned. The arrowheads are wrong. The leaves on the olive branch above Fine are wrong.

On the obverse the details above/in front of her feet do not look right nor does her hand.

I could be way off, but I don't think so.
Pillar of the Community
United States
3156 Posts
 Posted 05/13/2013  11:00 pm  Show Profile   Bookmark this reply Add jerryc39 to your friends list Get a Link to this Reply
it weighed 27 grams at the jewelry store. Since I was not sure if it was silver and was butt ugly I let them polish it with a cloth. Here is how it looks now. [URL="http://s1274.photobucket.com/user/jerryc39/media/019_zpsc9dc6cfb.jpg.html]1876-Trade-Dollar[/URL] [URL="http://s1274.photobucket.com/user/jerryc39/media/008_zpsdf999257.jpg.html]1876-Trade-Dollar[/URL]
Pillar of the Community
United States
3156 Posts
 Posted 05/13/2013  11:18 pm  Show Profile   Bookmark this reply Add jerryc39 to your friends list Get a Link to this Reply
wrong reverse. [URL="http://s1274.photobucket.com/user/jerryc39/media/008_zpsdf999257.jpg.html]1876-Trade-Dollar[/URL]
Pillar of the Community
United States
3156 Posts
 Posted 05/13/2013  11:21 pm  Show Profile   Bookmark this reply Add jerryc39 to your friends list Get a Link to this Reply
try this again [URL="http://s1274.photobucket.com/user/jerryc39/media/021_zpsa093a1d0.jpg.html]1876-Trade-Dollar[/URL]
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 05/13/2013  11:55 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
Though it could be fake, I lean towards genuine mostly because I see more evidence to support it being genuine than counterfeit. Assuming it is genuine, $18.50 is a bargain with something comparable possibly worth $120-130. Unfortunately, it may have been worth slightly more before the polishing. It appears to be recovering from a prior cleaning which is likely why it was toned somewhat unattractively.
Pillar of the Community
United States
3156 Posts
 Posted 05/14/2013  12:55 am  Show Profile   Bookmark this reply Add jerryc39 to your friends list Get a Link to this Reply
I knew polishing it with that cloth was not the ideal thing to do but that color it was before made me wonder if was even silver! The pics here are not very good. The coin is not that shiny. The flash on the camera makes it look worse than it is. Thanks for your reply.
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Sweden
729 Posts
 Posted 05/14/2013  02:37 am  Show Profile   Bookmark this reply Add epikur to your friends list Get a Link to this Reply
I can't believe a professional jewelry store that deals with coins clean coins just like that. Did they suggest it or came up with the idea? there are better ways to determine if the metal is silver than to polish it and see if it looks like silver.
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Airw0lf's Avatar
United States
178 Posts
 Posted 05/14/2013  06:52 am  Show Profile   Bookmark this reply Add Airw0lf to your friends list Get a Link to this Reply
cleaned just with a cloth , like polishing jewelry , wow ... I assume that jeweler have no idea about coins...
nice coin jerryc39 ...
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Moe145's Avatar
United States
8904 Posts
 Posted 05/14/2013  08:12 am  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply
That didn't work out very well.
Pillar of the Community
United States
3156 Posts
 Posted 05/14/2013  08:43 am  Show Profile   Bookmark this reply Add jerryc39 to your friends list Get a Link to this Reply
the coin was in a lot of silver dollars and halves. Bought for 18,5 times face. Some of the coins I got from the same guy I sold to my local coin store for twice what I paid for junk. I will likely do the same with these coins. The Trade dollar is not as shiny as my bad pics make it look. It has some scratches and dings in it and the rims are a bit rough. The coin did not look like silver initially so I was a bit unsure about it. I am going to find out today if it is real or not and how much it is worth. The local guy used to grade at PCGS so he should know. Jerry
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supgog's Avatar
Israel
2420 Posts
 Posted 05/14/2013  10:30 am  Show Profile   Bookmark this reply Add supgog to your friends list Get a Link to this Reply
Every authentic Trade dollar is worth at least twice melt, unless completely unrecognizable, holed or otherwise badly abused.
If it is indeed authentic, that's a great buy, otherwise, that's a lesson learned :).
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slowaltima's Avatar
United States
203 Posts
 Posted 05/14/2013  4:03 pm  Show Profile   Bookmark this reply Add slowaltima to your friends list Get a Link to this Reply
They did a number on that with polishing it. I almost prefer to odd coloration of the original surfaces to the polished look. I am still on the fence for authenticity, but if authentic, it lost a lot of value. It may very well have been a ground find while metal detecting, possibly sitting next to something iron that left the rust stains. Nothing screams fake to me.
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