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1878-P trade dollar (yeah, right...)?
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<p>[QUOTE="Slider, post: 1903130, member: 44205"]Perhaps I'm just being naive, but if it's true that the proof trade dollars didn't sell for much over face value back then, then I think it's entirely plausible that someone with more money than brains picked one up, liked the luster found on a proof, and immediately turned it into jewelry. Mintage numbers wouldn't have been nearly as accessible in 1878 (or 1978, for that matter) as they are now and it's easy to see how a non-collector (and the recipient of the jewelry, assuming it was given away) would be oblivious to the scarcity of the coin. </p><p><br /></p><p>Is it unrealistic to think that some wealthy individual buys one while in the city and then returns to smalltown, USA and asks their local jeweler to dress it up nice, at which point it gets worn and beaten around for a few generations before somebody tosses it in a drawer? </p><p><br /></p><p>If it were me, I'd gamble the money to send it in and see if it were legit, regardless of what the value might be after it was authenticated. I've certainly pi$$ed away a lot more money on a lot less interesting endeavors.[/QUOTE]</p><p><br /></p>
[QUOTE="Slider, post: 1903130, member: 44205"]Perhaps I'm just being naive, but if it's true that the proof trade dollars didn't sell for much over face value back then, then I think it's entirely plausible that someone with more money than brains picked one up, liked the luster found on a proof, and immediately turned it into jewelry. Mintage numbers wouldn't have been nearly as accessible in 1878 (or 1978, for that matter) as they are now and it's easy to see how a non-collector (and the recipient of the jewelry, assuming it was given away) would be oblivious to the scarcity of the coin. Is it unrealistic to think that some wealthy individual buys one while in the city and then returns to smalltown, USA and asks their local jeweler to dress it up nice, at which point it gets worn and beaten around for a few generations before somebody tosses it in a drawer? If it were me, I'd gamble the money to send it in and see if it were legit, regardless of what the value might be after it was authenticated. I've certainly pi$$ed away a lot more money on a lot less interesting endeavors.[/QUOTE]
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1878-P trade dollar (yeah, right...)?
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