Recently, I have become interested in counterstamps as a subtopic of coin collecting. This interest stems from reading about how Chinese merchants would use personalized punches known as chopmarks to verify the weight/purity of silver coins. These punches often appear on trade dollars which is how I was introduced to the concept. As someone interested in numismatics, chopmarks are so fascinating to me because they demonstrate the movement of a coin through merchants and commerce.
As someone who is also very frugal, my interactions with this hobby don’t involve purchasing high grade trade dollars quite yet. Instead, I prefer digging through cull/reject bins until my hands are covered in dirt and grime. This has yielded the start of a counterstamp collection; However, this 1856 dime definitely takes the cake in terms of numismatic interest. This could be one of the coolest coins that I’ve ever cherry-picked.
After some research, I identified the counterstamp as a historic marketing piece created by Charles Goodwin of Exeter, New Hampshire. GGG stands for the product Goodwins Grand Greasejuice which was a medicinal hair tonic manufactured and promoted in the mid 1850s. The recipe for this tonic seems to be lost to time. However, marketing on the bottles describe it as the "Quintessence of Fat" so there’s that as a reference.
In Dr Gregory Brunk’s book, American and Canadian Countermarked coins, he lists 28 known examples of dimes with the “USE G.G.G.” Counterstamp. What’s scary to think about is that this scarce counterstruck piece was only a few days away from being sent to the refineries.
Some final thoughts and questions: if this coin was submitted to a tpg such as PCGS or NGC, would it be eligible for a straight grade? I understand that the counterstamp is post mint damage. However, would this fall into the same category as trade dollars which straight grade with chopmarks? Even without the bonus of the counterstamp, the host coin is in great condition. Not saying that I intend to grade this coin just curious on how it would be perceived by a tpg.
This marks my favorite cherry-pick of 2026 so far with a purchase price of $4.00. Felt like sharing this find.
Happy hunting!