Do chop marks alter the value of a coin?
If you like coins, medals and tokens with ship motives follow my new instagram account with regular updates numisnautiker Mark Joined: Both a counter mark and done by official bodies?
I really can't see what the difference is. Well we are on chopmarks here, which on trade dollars or Mexican pesos is fairly common that Chinese tradesman chopped a mark on these coins when trading. These chopmarks have nothing to do with official government marks.
It was banks that chopped the dollars to prove authenticity I read that's why. It seems strange to have a chop mark on my coin. It's only a copper 4 soldi. Not a silver or gold coin like most of the coins you find chop marks. I'm guessing it's not Chinese chopmarks on your 4 soldi, some chopmarks show signatures, names, initials of people. Then there are also some that have some kind of advertising on them, usually with the name of a shop.
These would reduce the value as they are not really sought after. Yes Mark you're right - it's banks and traders that put their marks on these coins, but as I said nothing officially made by the government. Ah right, I thought that the banks would have been suffice to be official. I might get some punches and do some coins since I'm a tradesman. Here we go, I've got some scans of it now.. What do you think? Are you sure is a chop mark? The chop marks are found in silver coins circulated between Chinese dealers, and this one is copper.
Perhaps it's a defect in the metal, a lamination. Under the 6 there is oxide. The mark may be a cleaning with acid. There are chopmarks on European Copper coins but this seems to be more of a struck error. If you like coins, medals and tokens with ship motives follow my new instagram account with regular updates numisnautiker neilithic Joined: It's hard to tell from the scan but the mark certainly looks like a punch rather than a mintage error.
Have you any example of European copper with chopmark? I've never seen one. Yeah, it's really odd. I can't find a good reason for it. I guess we'll never know. Perhaps it's just a person with an ego, wanting everyone to know that they touched that coin. In fact that's not a bad idea. I'm going to get my own made up and punch every single coin I touch from now on. I have found an interesting article on chop marks here: I have a coin with what I think has a chop mark. Can anyone confirm if this is indeed a chop mark it was not listed in the above article?
Not really, this and really my pfennig are countermarked. Chops are generally Chinese, Japanese or Malayan characters. Pristine surfaces and "booming" luster, which is rarely encountered, sets this coin apart, both in quality and value. Without a doubt is a special year to the collecting community. Your coin is easily marketed to a large collector base. Take your time judging the condition of your silver dollar it is critical to accurately determining value. Although a certain degree of subjectivity is involved, by following the images and descriptions you get a good idea of the process.
Degrees of wear are categorized into "grades" representing the different values on the chart above. A Peace silver dollar in "uncirculated" condition is a scarce and valuable coin.
No wear to the surfaces is what sets this coin apart. Additionally, original mint luster is still present on the surfaces. To confirm the uncirculated condition, hold your coin at an angle to a light source, when tilted side to side "luster" rotates over the designs. Liberty's cheek and hair are the highest parts of the design and even a short time in circulation removes the delicate luster leaving these areas dull.
Only very light wear is acceptable for this grade and limited to the very highest parts of the design. A distinct fullness with rounded features to the hair must remain. The tie of hair at the back is still bold with only minimal merging of detail. Wear has smoothed and reduced metal over all parts of design.
If reduction of design is not to severe your coin is in "fine" condition. Detail within the hair is still visible, major strands are still separated, although the finer strands have merged. Liberty's cheek and neck now displays a few areas of flatness. On the reverse the feathers of the eagle lack detail with only three lines separating the different layers of wing feathers. Wide areas of heavy wear is evident, and a merging of the hairline with the neck, designates your coin as "good" condition.
Although "good" is a comparatively low grade, Peace silver dollars both the Philadelphia and San Francisco issues are collectible. On the reverse, the eagle is well outlined, however most feather detail is now missing. Coin Values Discovery finds Old coins retain a strong collector following.
Additionally within each series are rare date and mintmark combinations. Revisit your box of old coins, today's value charts show a steady increase. Peace Dollar Values Today's Strong Market Values of your Peace silver dollars are influenced by both an active collector market and as a silver bullion coin.
Your coins are very liquid and easily sold for strong prices. Determine from the chart, all the dates and mints highly valued by collectors, and current bullion value of the ones moving with the silver market. Rising silver prices, increasing demand from both collectors and rare coin dealers requires a second look at your box of old coins.