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<p>[QUOTE=&quot;Tom B, post: 1680182, member: 11854&quot;]I think I answered a question just like this a week or two ago about Trade dollars, but will do so again.&nbsp; In today&#039;s market, a Trade dollar with a chop mark, or multiple marks, typically sells for a shade less than an otherwise problem-free coin.&nbsp; That shade less can be quite a bit less if the coin is mutilated or +/- a percentage to a problem-free coin if the chop(s) is/are neat or in non-obvious places.&nbsp; I do not agree that an AU Trade dollar with a chop mark should automatically be worth a problem-free EF.&nbsp; This is a coin-by-coin basis evaluation.</p><p><br /></p><p>The other discussion about PMD with Trade dollars is also interesting.&nbsp; I agree that chop marks are PMD, but <i>not </i> the same as love tokens.&nbsp; The key distinction between the two is that Trade dollars were <i>specifically produced </i> to gain a percentage of the Asian market and the Asian market had a history of placing chop marks on coins.&nbsp; Additionally, the Trade dollar later became the only US coinage to be demonetized after the Asian market largely rejected the pieces and they came back to the US (or never even left the US).&nbsp; Based on the intended use of the Trade dollar and the customs of those it was produced for, the chop mark does not necessarily fit other forms of PMD.&nbsp; Lastly, Trade dollars with chop marks are much more accepted today, in my opinion, because PCGS and NGC will certify them in problem-free holders.&nbsp; If these coins were placed into details holders or were otherwise considered as damaged by PCGS and NGC then they would sell for less in the market.[/QUOTE]</p><p><br /></p>

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