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1876 Trade Dollar - Lowball PO-1

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nickelsearcher's Avatar
United States
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 Posted 02/04/2018  07:02 am Show Profile   Bookmark this topic Add nickelsearcher to your friends list Get a Link to this Message Number of Subscribers
I have not hid the fact that I'm a fan of honestly circulated coins ... the history behind their use as agent of commerce is fascinating to me.

In the pursuit of that numismatic interest, I occasionally come across examples outside of my main series collecting interests ... such as this lowball 1876 Trade dollar which in hand has original surfaces and I judge to be PO01.

1876 Trade dollar - PO01 (Raw)

1876-Trade-Dollar---Lowball-PO-1

Weight is 25.76 grams and the coin is non-magnetic. I've never seen an image of a well worn Trade dollar so am curious about the fact that the date remains remarkably clear.

Thoughts?
Take a look at my other hobby ... http://www.jk-dk.art
Edited by nickelsearcher
02/04/2018 07:03 am
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kanga's Avatar
United States
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 Posted 02/04/2018  08:43 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I'll agree with the PO-01.
Original surfaces?
For me that would require an "in hand" look.
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chesterb's Avatar
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 Posted 02/04/2018  09:06 am  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
That is really an awesome coin! I like lowball coins too. The ones that have original color and surfaces have a charm about them. I think this is a PO-1. I compared to photograde and their examples all had strong dates as well so it must be how the coin wears. I was a little worried as the portrait is pretty well defined like the FR-2 coin but the rest of it is so worn that I think it gets that 01 grade. Really nice find...congrats!
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Coinfrog's Avatar
United States
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 Posted 02/04/2018  09:55 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree P-01. Remarkable example, congrats.
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Ploopy's Avatar
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 Posted 02/04/2018  10:52 am  Show Profile   Bookmark this reply Add Ploopy to your friends list Get a Link to this Reply
Did you get this from ebay? I remember seeing one and I debated bidding on it.
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numismatic student's Avatar
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 Posted 02/04/2018  11:04 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
This being a Trade dollar, I don't know where this acquired this much "honest" wear. These clearly didn't circulate much and the high silver content made it against anyone's interest to spend. You'd be losing money each time. Looks more like buffing wheel "wear" to me, perhaps to shave the coin down to the weight of a regular silver dollar.
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Edited by numismatic student
02/04/2018 11:05 am
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SilverDollar2017's Avatar
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 Posted 02/04/2018  11:37 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
Did you get this on ebay? I actually was watching the item, but I prefer a higher grade example, so I didn't participate in the auction. It was actually listed as a Seated half dollar, and sold for $78.

I'm not sure if all that wear is "honest". It may have been made by some sort of machine to imitate the look of a PO-1.
Edited by SilverDollar2017
02/04/2018 11:38 am
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moxking's Avatar
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 Posted 02/04/2018  1:55 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
I respect coins that did their duty, but I've never pursued them myself. A big part of coin fun is getting to pick what you like from the plethora of choices.
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nickelsearcher's Avatar
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 Posted 02/04/2018  4:36 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Appreciate the kind comments on the coin ... and the contrarian views are always useful as a form of calibration.

I did not read any opinions of 'counterfeit' (so far) ... which is good. This Trade dollar as I shared above is outside my usual lowball series interest.

Several of you politely expressed your concerns this may be a manufactured lowball by some form of mechanical means ...

The only counter to that opinion without TPG certification results are my bona fide as a successful lowball collector with several PCGS certified sets.

I am the collector (and current owner) of the PCGS registry lowball #1 sets of Barber halves and Walkers ... I'm #2 in lowball Peace dollars and #3 in my true passion of circulated silver commemorative.

My current lowball collection includes 83 PCGS PO01 certified examples ... the vast majority of which I had certified from raw coins. I have never had PCGS 'detail' a lowball for mechanical abrasion.

All that said ...

I have the coin in hand ... and those photographs are mine.

With the experience as a lowball collector noted above, the coin was not mechanically manipulated to achieve it's current condition ... that would be obvious to my eye.


Quote:
I don't know where this acquired this much "honest" wear.


I'm going with pocket piece. How do you suppose the certified lowball Ike's are created? They certainly did not circulate. The relatively bright surfaces lend credence to this assumption.


Quote:
Did you get this on ebay?


Does it matter?

I'm confident enough in my judgement of lowball coins that this example will eventually make it's way to PCGS for their views ... I'll update the thread whenever those results are back.

Please keep the comments/opinions coming.
Take a look at my other hobby ... http://www.jk-dk.art
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Coconutjoe's Avatar
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1475 Posts
 Posted 02/04/2018  4:41 pm  Show Profile   Bookmark this reply Add Coconutjoe to your friends list Get a Link to this Reply
Very interesting piece

Keep us posted.
Valued Member
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 Posted 02/04/2018  4:47 pm  Show Profile   Bookmark this reply Add Dlangs56 to your friends list Get a Link to this Reply
I'm guessing pocket piece for the last 140 years. Nice coin!
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chesterb's Avatar
United States
1261 Posts
 Posted 02/04/2018  7:05 pm  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
Awesome nickelsearcher! I have a 1921 Peace lowball in my collection that I always wanted an opinion on whether it's Fr-2 or Po-1. I may create a new topic for your opinion so be on the lookout for it!
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SilverDollar2017's Avatar
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 Posted 02/04/2018  7:12 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply

Quote:
Does it matter?


It doesn't. Just wondering if it was the same one I saw.

Would be nice to have it in a PCGS PO01 holder...a great addition to a lowball collection.
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Joseph7420's Avatar
Canada
11922 Posts
 Posted 02/04/2018  8:50 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list Get a Link to this Reply
It looks like a PO-1 to me.
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52Raymo's Avatar
United States
8517 Posts
 Posted 02/04/2018  9:47 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Sweet piece !
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edweather's Avatar
United States
7375 Posts
 Posted 02/04/2018  11:32 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Looks legit to me, don't see these that often, nice pick up.
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