I got the following 6 Chinese silver dollars circulated with chopmarks Szechuan 1912 one dollar 1920 one dollar 1927 one dollar 1927 one dollar 1934 one dollar 1934 one dollar they all have one or two chopmarks. Would this detract from their value or add? One also has a hammer/sickel chopmarks?? Anyways appreciate any info you can give me.
first what id suggest is that you send them to be authenticated by a grading company ncs or ngs even pcgs... its worth it if they are real cause counterfiets exsist... and unless you get it checked out you may just be handling garbage.. just a thought ohh to answer your question ,, no it wouldnt detract... it would serve as a authentication point .. cause you be able to link it to some event tor persons or group..
The only valid answer is "It depends". There are collectors who avoid chopmarked coins like the plague, considering them damaged goods. To those collectors, the chops detract from value. Other collectors collect chops, and depending on how many, and what style, chops are on the coin, they would add value. Still other collectors give no weight to the presence or absence of chops, so to them the value wouldn't be affected at all.
Hontonal's answer is about as complete as you can get --- "it Depends". Imperfect people, collecting perfect coins, retch at the sight of a disgusting chop mark. Those, motivated by historical considerations, find that they attest to the beauty of the coins history. Then there is the dark-side, the "sub-culture" that specializes in the study of chop marks. To them, the coin is merely the carrier, it's the chop marks that thy are collecting. Just Google: chop marked coins, and you can begin your own bewildering study of this obscure topic. I read with interest, but it's too complex for retention. Have a couple of chop marked Spanish Colonials [one lightly, the other heavily punched] and they create many favorable comments when shown to non-collectors. They were acquired for their historical value and not as precious gems. Normally [whatever that is], one or two chop marks do not devalue a coin by a great amount. Many, and the coin is considered non-collectable. I know of no instance where chop marks have increased the value of a coin. Increased interest, perhaps, but not worth. FYI, our good member, Clinker, posted an article titled -- Trivia: Chop Marks. Posting was on 01-12-2010. By using the search thread, you should be able to locate his informative posting.
I must be old or something. Chop marks used to ALWAYS lower a coins value. They are damage. Yes, I like them too somewhat as I think they make the coin interesting, but I am not going to pay as much for a chopmarked coin, (or circulated, or rim dings, etc), as a perfect specimen. It used to be chops always lowered the value versus unchopped pieces, it just depended on how severe the chop was, where the chop was, etc. Chris P.S. Also notice the difference between chop marks or bankers marks and countermarks. Chop or bankers marks are third party marks, and lower the value of the piece. Countermarks are marks attached by the coining authority to restate or reaffirm a value. Countermarks frequently increase value to a piece, and are graded separately from the original coin.
I was thinking if teletrading them with the NGC with NCS option, or should I just go with NCS since they're altered planchets. I have seen sone of the fakes, I don't believe these are fakes, some of the conditions are too rough. As for if they're MS I would be extremely suspicious.
Any large Chinese silver I believe in todays marketplace should be authenticated if you want to sell them. I for one would not buy anything like this unless I knew the dealer or it was guaranteed genuine. You would be surprised, I have seen a ton of Trade dollars and Chinese dollars with fake chops so that the collector would think they are real. They have been doin this for 20 years, but I see a lot more of it now. Think about it, it costs the counterfeiters $1 at most to make thier fake, ($12 maybe for silver ones). If they apply chops to it so that a buyer will buy it, they still make hefty profits. I am not saying they are not good Cerd, just making you aware they fake chopped dollars as much as unchopped ones.
