How is this worth $50?

Hello everyone!

I just wanted to ask your opinions on this:

https://www.ebay.com/itm/1876-Silve...=item2f24685560:g:uJsAAOSw0odbyI0h:rk:12:pf:0

It's a trade dollar, but you can hardly tell it's a trade dollar from the front by the tremendous amount of chop marks on it. Wouldn't it just be worth silver melt in this terrible condition?

 

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Ebay is not a good indicator of price, what a person lists doesn't relate to the actual price of the coin at all. Some people may just like chopmarks, and some people may just want a trade dollar as a pocket piece.

 

It's got 1 bid so far, so it's worth $50 to someone. Not to me, but someone.

 

Those chop marks look like they are Chinese. Even though it is in the usa, I would steer in all ways.

 

Trade dollars were destined to eastern markets, Chinese countermarks are extremely common on authentic trade dollars.

 

Wow! That is in sad shape.

 

Very interesting conversation piece

 

1876 and 1876 CC are rare. The 1876-S is not, I can't see the S.
There is damage on the reverse. Maybe it is so chop marked as to
obscure a counterfeit. It "looks" like silver, so I assume it's an 1876-S.
It's listed as 1876 which would indicate Philly and 11.5x rarer than the S.

 

Michael K- Even if it is a rare mintage, I don't think that matters in this terrible of a condition.

 

Topped out at $91.

 

I think it's cool personally would make for an interesting pocket piece IMO

 

+1