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Message:: [QUOTE="Publius2, post: 5237005, member: 105571"][USER=89213]@Inspector43[/USER] reminded me that I didn't actually address the OP's question.  IMO, the chop marked Trade Dollar market is a small niche market where the value of something is entirely determined by the unique and particular desires of a very small set of collectors.  What they want cannot really be determined by any kind of "market analysis" since there is not a big enough market to determine "market values".   So, you ask "... should there be a severe discount".  From what? I would counterpoint.  You ask "...should there be a premium for too many chops?"  Again, from what?  I suggest the only way to get a feel for this kind of thing is to research auction sites which is where the unique, niche, and rare stuff is usually sold.  Since this is being offered on eBay, I would guess the seller does not believe he can get any kind of premium or even a hearing at Heritage or Great Collections and has resorted to selling it on eBay where he can use the usual deceptive superlatives to cloud the mind.  And that's assuming it's an honest coin. So, here's my question to you:  "Are you really interested in buying this particular coin or just chop marked Trade Dollars in general or was your question academic?"[/QUOTE]