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<p>[QUOTE=&quot;Insider, post: 24822893, member: 24314&quot;]No surprise, read on.This is what&#039;s been going on over the years.&nbsp;&nbsp; Chop marked coins were considerd to be damaged, inferior junk.&nbsp;&nbsp; Back then, I cherried an AU S/CC for either $30 or $40 dollars (I don&#039;t remember - it could even have been a little over $20 (I still own it)&nbsp; The coin was in a pyramid pile of at least 150 chopped Trade dollars.</p><p><br /></p><p>At the first TPGS (INSAB) we graded them and added chopmarked.&nbsp; Thus, AU-55, Chopped. It was considered to be &quot;Technical Grading.&quot; Grade the coin for its condition of preservation and add any modifiers that were needed to describe it. Thus a virtually flawless, flashy Morgan dollar with a very flat strike was considered to be a flatly struck gem.&nbsp; It was not worth &quot;gem&quot; money but <b><i><u><span style="color: #b300b3">technical grading had nothing to do with placing a value on a coin.</span></u></i></b></p><p><br /></p><p>Chop marked coins were considered to be damaged and not sutible for grading by the newer services - PCGS and NGC.&nbsp; I don&#039;t remember how ANACS (the second TPGS) handled these coins.&nbsp; Following PCI&#039;s lead, the other TPGS realized that bodybaging a coin and keeping the grading fee was cousing grief.&nbsp; Finally, the other TPGS&#039;s started to grade problem coins.&nbsp; It still took a little while for Chops to be considered OK.&nbsp; When I first started working at ICG we put Choped coins into &quot;detail&quot; slabs.&nbsp; As these coins became popular we now straight grade them and add Chopped to the label.&nbsp; That&#039;s what all the TPGS do now.</p><p><br /></p><p><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie57" alt=":jawdrop:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie46" alt=":facepalm:" unselectable="on" unselectable="on" /> Full circle and ahead of its time <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" /> dept:&nbsp; <b><font size="6"><span style="color: #ff0000">Present day &quot;Detail Grading&quot; (if warrented) is EXACTLY what we did at the first TPGS almost thirty-five years ago! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></span></font></b>[/QUOTE]</p><p><br /></p>

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