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Replies: 25 / Views: 4,358 |
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Moderator
 United States
188952 Posts |
Quote: IMHO, this appears to be a silversmith's touchmark... Very interesting! 
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Pillar of the Community
United States
3848 Posts |
Quote: What makes a chopmark valuable .... say, in comparison to a c/s? Maybe I can answer that question! Coins can be like passports. They are chopmarked when they travel to certain countries. This pinpoints history and guarantees where coins have been. Many people say "If coins could talk..." and chopmarks can do the talking. On the other hand, counterstamps are domestic and are common as a whole. Any person can stamp a coin with their name or business on it. Because of this, there are some counterstamps that hold value for the historical significance, while others are considered damage to a coin. On the other hand, all international chopmarks are significant on a Capped Bust half dollar since only a small handful are known to exist.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves.
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Pillar of the Community
United States
4469 Posts |
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Pillar of the Community
United States
4416 Posts |
Having collected c/s's for about fifty years now, I've owned some chopmarked coins as well. In stark contrast to c/s's, I have yet to find anyone who can give me any specific info on given chopmarks .... even Chinese folks! Take that Bust half above. Can anyone tell me ANY specifics about the marks? How can one tell if it wasn't chopped in California by Chinese nationals living there? Who was the chopper, what was his occupation? I crave details.
The subject coin at least offers the possibility of telling a personal story. I've yet to see a chopmark that did so ....
Edited by ExoGuy 06/06/2025 11:54 pm
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Pillar of the Community
United States
757 Posts |
Quote: The subject coin at least offers the possibility of telling a personal story. I've yet to see a chopmark that did so ....
Maybe so, but they still represent numismatic fascination. Quote: For some collectors chopmarked coins will always be damaged goods, but for others they represent a moment in history. Put me amongst the latter. The History of the Chinese and silver and opium is in a large part of it. The story really starts in 1494 when a Spanish-born pope Alexander VI issued a series of Papal Bulls splitting the world in two between Spain and Portugal to exploit by any means necessary in return for spreading Christianity to all parts of the New World. The 1494 Treaty of Tordesillas was the Bull that sealed and ratified a series of earlier Bulls tho both Empires continued to bicker over the rich's being discovered and exploited. Asia, and most importantly China/Japan, fell within the Portugal sphere tho this was contested by Spain with the argument being constant. At the heart of the matter was the rich trade monopoly of the China/Japan silk trade, which was extremely lucrative for whomever controlled it. The Chinese hated the Japanese, and visa versa, but they loved the metal Japan was rich in which was silver. The Japanese needed silk, which was highly prized for their kimonos. This silk, in effect, also became a highly prized quasi-currency in Japan, being held in such high esteem and value and so richly patterned by Japanese artisans. But it was silver that unlocked the first Asian trading lanes by the then Euro-Empires thru a series of yearly "Black Ships" that plied the waters between China and Japan alternately loaded with gold, silver, and silk. This era also saw the rise of the Jesuit order in the Catholic church because they were the first able to learn how to speak the Asian Languages and made themselves invaluable translators, economists, and even confidants of the rulers of both Japan and China. But at the heart of it all was Japanese silver, which Japan was rich in with the discovery of a very large deposit near the city of "Oda", "which eventually accounted for 1/3'rd of the worlds yearly production". Japns silver was the only currency the Chinese would accept for barter and this was the beginnings of the stories that followed. Including the use of chop marks on coinage.
Edited by Silverskunk 06/08/2025 06:19 am
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Moderator
 United States
188952 Posts |
Thank you for sharing some history with us, Silverskunk. 
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Pillar of the Community
United States
4416 Posts |
@Silverskunk .... Good read on the overall history! That said, chopmarks reveal no "down-to-earth" history about their origin. All they do is tell some vague history about trade. The chopmarks fail to tell us who was doing the trading, where he was located, what he was trading, etc. Sure, chopmarked coins do carry a mystery, but I've yet to see one with a mystery that can be solved. Many a counterstamped coin offers that prospect to a collector, and that's the plus-factor that chopmarks lack .... my take.
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Valued Member
United States
345 Posts |
I didn't see anyone addressing the "value appreciation/depreciation" of this coin. Thoughts ?
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Pillar of the Community
United States
3848 Posts |
Quote: I didn't see anyone addressing the "value appreciation/depreciation" of this coin. Thoughts ?
Are you talking about the OP coin or another mentioned in the thread?
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves.
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Pillar of the Community
United States
4416 Posts |
IMHO, chopmarks and counterstamps never fail to depreciate a coin's base collector value. That said, this damage can ironically raise the overall value of a piece; this, depending upon the history the damage conveys to the eye of a specific beholder.
Obviously, some collectors generally value anonymous chopmarks, ones that convey non-specific history lessons, higher than I. When it comes to counterstamps, those that convey specific history lessons tend to be the most prized by me, intellectually and monetarily so.
Getting back to our OP's coin, its intellectual and monetary value would assuredly be enhanced IF that touchmark could be attributed to a particular silversmith. Then too, if the silversmith was somewhat famous, say Paul Revere for example, the value could soar. Midnight ride, anyone?
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Replies: 25 / Views: 4,358 |