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Chopmarks: Desired history or a ruined coin??
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<p>[QUOTE="Ardatirion, post: 1971430, member: 9204"]The problem here is where you draw the line. The Bank of England countermarks? Sure. What about VOC countermarks, the Dutch East India Company? Are they a sufficient monetary authority? What about more local or regional banks?</p><p><br /></p><p>Now, don't get me wrong, I don't entirely disagree with you. If I had the choice between an 8 Reales that had four or five Chinese chopmarks and an unblemished specimen, you can be sure I'd take the later. Heck, even if it were an "official" countermark, I'd probably prefer the original. </p><p><br /></p><p>I suppose what I should have said is that the difference semantic. What it really comes down to in the marketplace is collectability. Countermarks can be more easily collected because we know who issued them and why. A Bank of England countermark will always sell for more because there are those who specifically seek it out. And a coin with some random "good" chop? No one cares, and few ever will. I bet that Tait & Co piece sells for a nice premium.[/QUOTE]</p><p><br /></p>
[QUOTE="Ardatirion, post: 1971430, member: 9204"]The problem here is where you draw the line. The Bank of England countermarks? Sure. What about VOC countermarks, the Dutch East India Company? Are they a sufficient monetary authority? What about more local or regional banks? Now, don't get me wrong, I don't entirely disagree with you. If I had the choice between an 8 Reales that had four or five Chinese chopmarks and an unblemished specimen, you can be sure I'd take the later. Heck, even if it were an "official" countermark, I'd probably prefer the original. I suppose what I should have said is that the difference semantic. What it really comes down to in the marketplace is collectability. Countermarks can be more easily collected because we know who issued them and why. A Bank of England countermark will always sell for more because there are those who specifically seek it out. And a coin with some random "good" chop? No one cares, and few ever will. I bet that Tait & Co piece sells for a nice premium.[/QUOTE]
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