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 Replies: 18 / Views: 2,168 |
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New Member
United States
9 Posts |
I'm new to numismatics, so I'm really curious why somebody would do this to a nice quality Peace dollar. Moved by Forum Mom from Modern US Variety & Error Coins forum to Classic US coins forum. |
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Valued Member
United States
116 Posts |
not understanding the value of them, and ruining them.
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Moderator
 United States
14463 Posts |
I wonder if it was placed in some holder that caused those "clamp marks"  How does the reverse look? |
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New Member
 United States
9 Posts |
Were they trying to make it into something else? It looks like somebody stamped '0's over it, but did a lousy job of it.
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New Member
United States
9 Posts |
Reverse is perfect and it looks like somebody just punched two circles on the dates. I don't think it was a mint error, but I don't know too much about these things.
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Pillar of the Community
United States
571 Posts |
Of course this damage could have occured when the coin was new and only worth a dollar....
Dave
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Moderator
United States
16679 Posts |
It's not a mint error. It was deliberately done, why?...who knows. Non-collectors just don't know and sometimes don't care. The sad part is that this coin is worth melt now basically :-(
swcoin.ecrater.com
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Pillar of the Community
United States
901 Posts |
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Valued Member
United States
275 Posts |
It may have been something someone did to commemorate a birthday or anniversary. If you look back there are many different ways of modifying coins for art, with varied results.
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Pillar of the Community
United States
3253 Posts |
Was it Step 1 in somebody's effort to replace the date with a more valuable one?
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Pillar of the Community
United States
1704 Posts |
Why? Who knows why now but, hopefully whoever did it didn't do this to any other silver dollars. Ed ANA LM-3175 |
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Bedrock of the Community
United States
17884 Posts |
Back in the 1960's the Las Vegas casinos were having problems keeping themselves supplied with silver dollars due to hoarding and the rising price of silver and a lot of them believed it was coin collectors hoarding them.. Several of them had the idea that if the dates were removed people would be much less likely to hoard them and they would remain in use in Vegas. So thousand of dollars had their dates defaced in the hopes that they would stay in use in the casinos. Of course it failed as the coins were still worth more as metal than as coins so they still disappeared into hoards.
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Pillar of the Community
United States
3253 Posts |
Wow! Learn something new every day!
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Pillar of the Community
United States
8904 Posts |
Maybe a stupid question, but isn't it illegal to deface US currency? |
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Pillar of the Community
United States
3253 Posts |
From a website of Uncle Sam's: Quote:
Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both. That's paper money, of course. I don't think the prisons are stacked up with hobo nickel hobos and love token lovers. |
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New Member
United States
9 Posts |
Wow, very interesting discussion. Especially appreciated the casino discussion. I never knew that, but can believe it. Very unfortunate, especially because it was one of the best condition dollars in the whole collection I received.
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Replies: 18 / Views: 2,168 |
Posted 10/15/2012 10:53 pm
