1877-S Trade dollar. Two questions.

Discussion in 'US Coins Forum' started by Stevearino, Oct 19, 2019.

  1. Stevearino

    Stevearino Supporter! Supporter

    I have had this trade dollar for about 55 years, bought for under $30 from an electrician who collected coins in our Northern Minnesota small town. I've read on CT that even years (decades) ago these were counterfeited. So, here are my two questions:

    1. Is there anything that would lead you to question its authenticity?

    2. What grade would you give it (ignoring the chop marks)? It appears AU58-MS60 to me in hand.

    Steve fullsizeoutput_11d1.jpeg fullsizeoutput_11d0.jpeg
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. Stevearino

    Stevearino Supporter! Supporter

    Mainebill likes this.
  4. Kentucky

    Kentucky Supporter! Supporter

    I want to know too.
    Stevearino likes this.
  5. Mainebill

    Mainebill Wild Bill

    No. I don’t question it. I don’t know what’s going of at 3-5 o clock on the reverse. Some type of rim damage it looks like. I believe it’s been cleaned probably just a dip 1877 p is one of the most common dates. I’d grade it au 55 for sharpness
    Spark1951, Penna_Boy and Stevearino like this.
  6. Mainebill

    Mainebill Wild Bill

    Stevearino likes this.
  7. ksparrow

    ksparrow Coin Hoarder

    Looks genuine to me. Several obv chops which could easily lead to rim damage or flattening if the coin was on a hard surface when marked. To me, looks MS.
    Derek2200 and Stevearino like this.
  8. Islander80-83

    Islander80-83 Well-Known Member

    Are chop marks considered damage?
    Collecting Nut and Stevearino like this.
  9. ksparrow

    ksparrow Coin Hoarder

    depends on who you ask. PCGS will give them a numeric grade. I don't know about NGC. Opinions vary among collectors.
    chascat, Stevearino and Islander80-83 like this.
  10. C-B-D

    C-B-D Well-Known Member

    Genuine MS60 detail. Chopped. Beautiful!
    Stevearino likes this.
  11. Stevearino

    Stevearino Supporter! Supporter

    Thank you, guys, for your opinions which I trust far more than mine. It is one of only three or four coins of any value that I managed to save from my teenage collecting years. College, grad school, kids, homes, trips to Norway, moving 15 times...all took their toll on my collection. I thought $26 or $30 (not sure exactly) was a lot to pay for a dollar back then.

  12. Mainebill

    Mainebill Wild Bill

    I believe ngc will give them a numeric grade. Personally I prefer pcgs. They are stricter on trade dollars I had a coin I clearly thought ms that I couldn’t get any better than 58 on. Cac will approve the rare chopped trade I personally don’t have any with chopmarks but that is a part of their history. You know this one went across the ocean and back to China
    Spark1951 and Stevearino like this.
  13. chascat

    chascat Well-Known Member

    AU58 chop marks...nice solid coin!
    Stevearino and Spark1951 like this.
  14. micbraun

    micbraun coindiccted

    No they don’t. I prefer NGC, they’re clearly ahead of PCGS in many ways... e.g. they don’t straight grade damaged coins ;-)

  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yes but they also add to the history of the coin. Character is added.
    Islander80-83 and Stevearino like this.
  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    That's a nice Trade Dollar @Stevearino! Looks lightly cleaned a long time ago. I would say a strong XF-40/AU-50. You should be pleased to have that in your collection. That one obverse chop mark that is deep is close enough to the rim to cause a flattening of the rim on the reverse.
    Stevearino likes this.
  17. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes? Supporter

    I consider them damage and will not buy a chopped coin.

    Many others consider them an interesting part of the coin's history, and collect them. They are in the same category as shipwreck effect coins, in my opinion - some people love them, some people consider them damaged.

    As for the OP's coin, I see nothing to make me question it's authenticity. I would call it AU-details, chopmarked.
  18. Islander80-83

    Islander80-83 Well-Known Member

    It's not mine. A little something that makes you go hmmmmm...

    Screen Shot 2019-10-20 at 4.07.02 PM.png
    Stevearino and Collecting Nut like this.
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    Too bad that's not yours. It's a lovely coin.
    Stevearino and Islander80-83 like this.
  20. Islander80-83

    Islander80-83 Well-Known Member

    Stevearino likes this.
  21. Kentucky

    Kentucky Supporter! Supporter

    Here's the coin from that slab, do you suppose the scratches had any thing to do with the "details" grade?
    Screenshot 2019-10-20 at 2.01.50 PM.png
Draft saved Draft deleted

Share This Page