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 Replies: 12 / Views: 1,018 |
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Valued Member
United States
86 Posts |
Are Trade dollars that bear chop marks considered mutilated and or damaged? And would any of the grading services grade them without such a designation? |
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Valued Member
Canada
363 Posts |
I was just reading something about that recently... http://goccf.com/t/457725&whichpage=1There have been several discussions on your subject over the years...the search function of this site will easily connect you to these great threads for your learning pleasure..happy collecting! |
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Pillar of the Community
United States
4468 Posts |
Quote:Are Trade dollars that bear chop marks considered mutilated and or damaged? And would any of the grading services grade them without such a designation? It depends on the grading company or collector to determine if chop marks are mutilation or damage. PCGS will straight grade chop marks with the chop mark noted on the holder. NGC details the chop marks. ANACS details the chop marks. CACG will straight grade the chop marks. |
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Pillar of the Community
United States
4233 Posts |
An interesting tidbit related to this is that PCGS and NGC both straight grade the 1935 Canadian "JOP" dollars as a variety despite it being a jeweler's counterstamp. It's really the same thing as a chop mark. I don't know what ANACS does with these. Collector demand overrules a "damaged" grade I guess.
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Bedrock of the Community
United States
36638 Posts |
Chop marks are collatable. I just disagree with the TPG's that give an MS designation to a chop marked coin. |
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Bedrock of the Community
 United States
25004 Posts |
Quote:I just disagree with the TPG's that give an MS designation to a chop marked coin. I'm right there with you, IndianGoldEagle. If a coin has chopmarks, it has circulated into a banker's or someone's hands long enough for it to be chopped. Inordinately fascinated by bits of metal with strange markings and figures
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Bedrock of the Community
United States
94367 Posts |
Agree! What could be more obvious?
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Pillar of the Community
Taiwan
606 Posts |
I think it would be obvious that Trade dollars could receive a MS designation if they show no wear and have complete luster. PCGS, NGC,CACG & ANACS all use the MS designation on Chop marked Trade dollars. It is a misnomer that Trade dollars are straight graded. Bruce Morelan (aka tradedollarnut) explains You can blame me for the numerical grades - David Hall saw my collection and said we can grade those - do you think we should? I said yeah and here we are. The numerical grade takes the remaining details of the coin into account while ignoring the basic chops. But let me correct one misconception- they are NOT straight graded. They are assigned a numerical grade and designated 'chopmarked'. No straight grade as the designation is part of the grade. Edited by Everest
02/14/2024 09:23 am
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Pillar of the Community
United States
4233 Posts |
If they are not considered straight graded by PCGS, perhaps we can agree that PCGS treats them differently than any other "details" coin.
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Pillar of the Community
United States
1694 Posts |
I try to avoid damaged coins in general but I had always wanted one of these so picked on up yesterday . Price was right
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Moderator
United States
187729 Posts |
Quote:
I try to avoid damaged coins in general but I had always wanted one of these so picked on up yesterday . Price was right Very nice!  |
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Pillar of the Community
United States
3343 Posts |
I have a shiny heavily chopped one in a belt buckle. The coin details are almost completely gone. It served its historic purpose in trade.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Moderator
United States
187729 Posts |
Quote:
I have a shiny heavily chopped one in a belt buckle. A good use for one.  |
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Replies: 12 / Views: 1,018 |
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Posted 02/04/2024 12:48 pm
