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 Replies: 25 / Views: 2,729 |
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Pillar of the Community
United States
3755 Posts |
Be interesting to see what it goes for. At best I would say 5 bucks. That hole is a nasty one and really detracts from the coin IMO.
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Moderator
  United States
16679 Posts |
Thanks guys. Yeah, will see where it ends
up. I opted for the 10 day.
Holed coins are by far my personal least favorite problem coin followed by cleaned.
Numismedia puts this @ $124 in F12 problem free :(
swcoin.ecrater.com
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Pillar of the Community
United States
8516 Posts |
I used to hate em too until I finished my good Indians. I was seeing so many that I just one day decided to see what I could do. I just got 5 more dates in the mail today. Really nice condition except for the holes of course. 1.61 each. I absolutely love my Flying Eagles.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Moderator
United States
16679 Posts |
FEC's are my favorite design.
swcoin.ecrater.com
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Valued Member
United States
108 Posts |
Can anyone elaborate on why the "holing" seems commonish? Just curious. It is really cool to me to see collectors filling such a niche PMD folder with coins like these. -Jay |
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Valued Member
United States
108 Posts |
The only thing I can think is they are soil finds with damage/impacts from rocks/etc in the ground?
-Jay
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Moderator
United States
16679 Posts |
This hole is deliberate, and from what I can see, was possibly worn by someone.
Look at the side opposite the jagged hole...it's flat.
swcoin.ecrater.com
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Pillar of the Community
United States
524 Posts |
jarubla, Many of the holed coins are from jewelry but some were also holed because pockets in the 1860's were not very reliable so they holed the coins to string together. I do also remember something about nailing one above a door for good luck.
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Valued Member
United States
108 Posts |
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Pillar of the Community
United States
4416 Posts |
Sometimes, coins were "strung" together for use on watch fobs. I once bought a "string" of Indian cents, each of which had two holes, one at 12 o'clock and one at 6 o'clock (through the dates! - 1870's, too). There were a dozen or so Indians, joined by metal links, with the Indian Heads all facing in the same direction. A birth year or anniversary year may have well been a consideration when it came to drilling a coin. Also, a holed coin might have been used in a magic trick or game. If someone built something, say a toolbox, a coin might be nailed to it for luck. Many years ago, I had occasion to buy a holed large cent that had been pried loose from an old, wooden toolbox. Sad stories, these ... |
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Moderator
United States
16679 Posts |
I have a Braided Hair Large Cent that has three square nail holes across it. Apparently, it was a game of sorts I was told. I will try to get some pics up.
swcoin.ecrater.com
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Pillar of the Community
United States
8516 Posts |
I like the square nail holed ones.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
240 Posts |
I sold an 1889 CC Morgan dollar in Fine 12 with a poorly plugged hole in the center for $235 plus shipping on ebay. So, there is certainly a market for holed/damaged coins. They certainly do not lose all collector value. I value holed coins at 10-25% of unholed value. The higher percentages for the rarer coins. I would think your 1864 L IHC should sell for about $15 since it is a scarce one. |
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Pillar of the Community
United States
2150 Posts |
Ouch! Looks like estimates weren't that far off.
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Bedrock of the Community
13014 Posts |
I dont know how true it is but I've heard some farmers used to nail them up in their barn for good luck
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Replies: 25 / Views: 2,729 |
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First Page
Posted 10/27/2012 4:18 pm
