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 Replies: 21 / Views: 3,143 |
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Pillar of the Community
 United States
1666 Posts |
Thanks SuperDave!
If your well crafted assumption is correct then it fits with my own opinion. That being that the hole reduces the value of the details grade by half. You say F-15 details? Fair enough. I couldn't decide between F or VF.
Edited by Numismat
07/20/2008 02:45 am
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Pillar of the Community
United States
3234 Posts |
Actually, grade is almost meaningless for damaged coins. You just have to price it. I have a very difficult time trying to do this with similar coins. I once sold an 1877 Indian cent (a few years ago) for $75 that looked like a Mack truck ran over it and then dragged it along the asphalt for a few miles. Personally, I don't want to own any damaged coin, no matter what the "grade" or price. It's just too distracting. For instance, that 1869, for me, would be a lot more attractive as a problem-free AG than as a holed AU. Edited by Prethen
07/20/2008 10:14 am
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Pillar of the Community
United States
2049 Posts |
Quote:
Personally, I don't want to own any damaged coin, no matter what the "grade" or price. It's just too distracting. For instance, that 1869, for me, would be a lot more attractive as a problem-free AG than as a holed AU. I second this. If I get holed coins, I try to move them out of my collection regardless if I need them to fill a set or not. |
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Pillar of the Community
United States
1666 Posts |
I would typically get rid of holed and damaged coins. But with the rarity here, I just don't know. Probably will keep it for a while.
Edited by Numismat
07/20/2008 4:09 pm
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Pillar of the Community
United States
1130 Posts |
I have 1 repaired coin in my collection. It was well done and quite deceptive to the untrained eye (like me when I bought it).
I decided to keep it since it wasn't a distraction and probably several hundreds less than a same coin with original surfaces.
I have since had it certified by ANACS.
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Pillar of the Community
United States
1415 Posts |
1sikevo,
Is the slab marked repaired?
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Pillar of the Community
United States
1130 Posts |
Yes, it's marked on the slab.
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Pillar of the Community
United States
1666 Posts |
It's a good thing that ANACS will even grade a repaired or damaged coin.
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Valued Member
United States
131 Posts |
I noticed that in the upcoming U.S Coin Auction by Heritage at the Baltimore show, they are offering an 1820 North West Brass Token that was graded by PCGS as Fine 12 which is holed at 12 o'clock. Heritage says most of these coins were so holed, but it makes you wonder just how PCGS makes its decisions on whether to grade or not.
It's also interesting that the hole in your coin is right at one of the thir stars on the obverse. Maybe someone wanting to make a political statement....
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Pillar of the Community
United States
1666 Posts |
Hi Groganking,
I actually figured that spot would be the least intrusive. A hole anywhere else would certainly affect the legends and/or the portraits on either side.
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Bedrock of the Community
United States
14454 Posts |
I have seen people build a whole 7070 album out of holed coins only, which was pretty impressive when you think about it so people do buy holed coins for their collection and some people would never be able to afford certain coins in certain dates if there werent problems with the coin
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Pillar of the Community
United States
615 Posts |
I love the Seated coins. I would keep it. I still say nice coin. -SWUSC |
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Valued Member
Philippines
107 Posts |
the coin has been formerly owned by a boy   just kidding.. got many like of those coins here in the Philippines.. USPI coins which were holed to be used as a necklace especially in the provinces where jewelers are a rarity.. little boys love them heavy coins dangling in their neck as it was just like a "anting-anting" anting-anting = lucky charm |
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Pillar of the Community
United States
1666 Posts |
Thanks for that bit of cultural insight! =)
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Pillar of the Community
United States
1582 Posts |
Hole or no hole, it's still a scarce coin, and worth keeping. If it's your intention to sell the coin at a later date, I think it would be a good idea to send it off to ANACS to have it graded and slabbed - somebody, somewhere down the road will want it.
Coin Calues has it listed at $600. in F-12, so you can factor in the hole, and still come up with a nice price for your coin.
Ralph
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Replies: 21 / Views: 3,143 |
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Posted 07/20/2008 10:13 am
