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<p>[QUOTE="John Johnson, post: 3152829, member: 96020"]First, I apologize for the poor images. I'm still working on improving my coin photography skills. This is an 1877 Trade Dollar I bought at a coin show in Huntsville, Alabama some time in the early 90s, '93 or '94, I think. At that time the Red Book value for this coin in EF45 was $150, but I bought it for $85. I didn't have a trade dollar in my collection yet, and to this day it is still the only one I have. But that's not what I'm posting for.</p><p><br /></p><p>I got the coin for a low price because it was marked damaged. You might think I still paid too much, but in this case I'm not so sure. The damage is chop marks, which to me add interest in the coin. I know that at some time this coin has been used in trade with at least two different Chinese merchant ships, and I wonder where in the world it has been and how it finally ended up in a coin dealer's hands. I know as a collector I love to see a mint state coin, but are there times when a damaged coin might be more appealing, like a chopped coin like this one, or maybe a hobo nickel?</p><p><br /></p><p>One other question. This was the first graded coin I ever bought and is still the only one I have graded by PCI. I usually choose PCGS, but does anyone have an opinion about the PCI grading service?[/QUOTE]</p><p><br /></p>
[QUOTE="John Johnson, post: 3152829, member: 96020"]First, I apologize for the poor images. I'm still working on improving my coin photography skills. This is an 1877 Trade Dollar I bought at a coin show in Huntsville, Alabama some time in the early 90s, '93 or '94, I think. At that time the Red Book value for this coin in EF45 was $150, but I bought it for $85. I didn't have a trade dollar in my collection yet, and to this day it is still the only one I have. But that's not what I'm posting for. I got the coin for a low price because it was marked damaged. You might think I still paid too much, but in this case I'm not so sure. The damage is chop marks, which to me add interest in the coin. I know that at some time this coin has been used in trade with at least two different Chinese merchant ships, and I wonder where in the world it has been and how it finally ended up in a coin dealer's hands. I know as a collector I love to see a mint state coin, but are there times when a damaged coin might be more appealing, like a chopped coin like this one, or maybe a hobo nickel? One other question. This was the first graded coin I ever bought and is still the only one I have graded by PCI. I usually choose PCGS, but does anyone have an opinion about the PCI grading service?[/QUOTE]
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