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Holed Coins

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Pillar of the Community
United States
543 Posts
 Posted 04/30/2008  6:15 pm  Show Profile   Bookmark this reply Add jeremymh to your friends list
I stay away from holed coins!
Pillar of the Community
United States
3499 Posts
 Posted 05/02/2008  12:00 am  Show Profile   Bookmark this reply Add Archraz to your friends list
Yes it really is best to avoid holed coins since one does not necessarily know the reason for the holing.
Pillar of the Community
Australia
3831 Posts
 Posted 05/02/2008  06:40 am  Show Profile   Bookmark this reply Add gxseries to your friends list
There are a few holed coins in my collection but these two are pretty scarce in any condition:

1798 poltina (1/2 ruble)
Holed-Coins

1798 polutinnk (1/4 ruble)
Holed-Coins

I bought them at perhaps 20usd and 1 usd respectively. If they weren't holed, I would expect to pay at least a few times more, perhaps even close to hundreds of dollars. For fillers, I personally don't mind. I haven't found any holed examples since then.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Valued Member
United States
174 Posts
 Posted 05/02/2008  2:03 pm  Show Profile   Bookmark this reply Add gussyboy1 to your friends list
Yep, got a bunch of these--my dad had them--I don't think he would have paid $10 for this one--I think he got them at coin swaps. It makes me ill when I look at the dates and how nice it would be to have the coins without the holes!

Image Insert:
Holed-Coins


Thanks!
Gussyboy1
Pillar of the Community
United States
6326 Posts
 Posted 06/26/2008  11:30 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Just thought I'd pull this thread from being buried too soon !..
Edited by eaglefoot
06/26/2008 11:31 am
Valued Member
United States
487 Posts
 Posted 06/27/2008  10:10 am  Show Profile   Bookmark this reply Add scmoore61 to your friends list
Found a nice 1859 IHC in a bunch of wheats the other day with hole. Still worth the 3 cents I paid for it.
Valued Member
United States
487 Posts
 Posted 06/27/2008  10:15 am  Show Profile   Bookmark this reply Add scmoore61 to your friends list
The 2 coin changes that made me ill where a 1895 S Morgan with a hole on ebay and an XF 1895 ? Morgan that someone had ground off the mint mark to try and pass off as 1895. This coin was in a Morgan album and they did a pretty good job of it, you had to look real close to notice. What some people won't do to complete a set.
Pillar of the Community
United States
6326 Posts
 Posted 06/27/2008  11:06 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list

Yup !....that "elusive hole" just eats and eats away at people until they do something rash to fill it !....
Rest in Peace
United States
1501 Posts
 Posted 06/27/2008  1:38 pm  Show Profile   Bookmark this reply Add COINAHOLIC to your friends list
Change the book not the coin!
Valued Member
United States
100 Posts
 Posted 06/27/2008  5:17 pm  Show Profile   Bookmark this reply Add Coinwhiz1776 to your friends list
Well, the fad used to be that people would drill holes in them and wear them on necklaces, bracelets, ankhs, ect. But today it makes me want to break them in two. Once I saw a quarter eagle in great condition for an unbelievably low price, but when I looked closer I noticed that little hole. It made me soooo mad!
Valued Member
United States
240 Posts
 Posted 06/27/2008  11:21 pm  Show Profile   Bookmark this reply Add Dillon to your friends list
I was at an antique store, and the owner was selling foreign coins, that had holes drilled in them, and were in a sort of bracelet thing.
Valued Member
United States
61 Posts
 Posted 06/29/2008  5:29 pm  Show Profile   Bookmark this reply Add mhetz to your friends list
i saw a guy in NYC selling bracelets made of old coins I don't remember the dates or types but they were definitely worth more than the 5 or $10 he was charging for them if they didn't have the holes punched threw...i wanted to punch him.
Pillar of the Community
Canada
1931 Posts
 Posted 06/29/2008  6:56 pm  Show Profile   Bookmark this reply Add malissadawn to your friends list
HI
I could be remembering incorrectly but I am sure I heard somewhere that some coins were used for replacement buttons for soldiers during war times?
Rest in Peace
United States
1729 Posts
 Posted 06/30/2008  10:35 pm  Show Profile   Bookmark this reply Add pls to your friends list
One of the main reasons that I collect coins is to be able to enjoy them as miniature objects of art, little round sculptures, if you will. Personally, I'd never hole a coin, but when I view the 1908-O Barber quarter that I paid some kid a buck for years and years ago ... I can understand the motivation of the person who holed it so it could be worn as a pendant.

On the other hand, I'd NEVER consider an SBA dollar as an object of art. I bet no one EVER found a holed SBA - lol!
Valued Member
United States
429 Posts
 Posted 07/01/2008  11:14 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list
There is a local store that the guy that owns it gets bored and changes old coins into jewelry and money clips. I do not mind if it is a common date and worthless coin but when you start using MS60+ Morgans and Franklin's I get a little upset. The thing that makes me laugh is that he could sell them for more if he did not do this, sometimes I wonder if he knows better and then I come across a $2 1/2 or $5 gold piece on its own. Maybe he just does it with silver so people will buy the gold.
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