I have been trying to find a slabbed Trade dollar with chop marks. Do you guys think this one is too heavy on the chop marks to buy?
ANS did a preso Friday, with Eric Brothers: Long Table 141. Silver Coins and Chopmarked Coins in China, Up to 1873 https://numismatics.org/lt141/ He showed some that were so heavily chopmarked that the center of the coin was missing...
It's always nice to see both sides of a coin. Chopped to pieces, to expensive, and not much eye appeal. Sorry, but I would definitely pass. Thanks for sharing.
The auction history sales price of 384 was seemingly reasonable. But IMO that coins damaged. Not XF40.
I do appreciate a coin with a story. But that one is a bit too storied…. Especially for that price point.
I love chop marks. Never too many. Imagine all the merchant's hands that this has passed through. This is a well-traveled dollar that did its intended job to the fullest. I love the coin! But I do believe that it is overpriced.
It all depends upon what you had to pay for it. I think that the OP coin is massively over priced at $700. I bought this one from the "Boston bid wall dealer" where I bought many of my better coins for $20. It didn't sell on off the board and he blew it out to me. It also has a piece of solder at the top of the edge where someone probably wore for jewelry. It was a junk coin back then. Chop marks have become more acceptable on Trade Dollars over the years, but I think that there needs to be a decent amount of the original design left to bring a good price.
Not that it matters, but the OP piece is desirable, and it would not be a surprise to me to be close to the amount listed. There are many collectors in the Far East of TDs, that will know it also circulated in Korea, not just the China Trade market.
I like the coin - it bears some really nice well formed chop marks - a little pricey though - IMO. Should be easy to verify authenticity @ PGCS.
Yes - especially with all those chops clouding the design. I meant the coin could easily be verified as the actual/authentic piece slab by PCGS.