Was at a BM today when a lady came in with a mercury set in an old album including the key 1916 d. Dealer looked at it and told her it was altered and he would give her xxx for everything which would have been xxx+++ if the 16d had been legit. She was disappointed and claimed she had had it since the 60s. After he handed it back to her he asked her if I could have a look at it and she was ok with it. Lots going on in that small little mint mark area, but was cool to see what the dealer saw. Definitely damage all around the d which wasn't shaped quite right and at a weird angle.
Was a no sale and after she left, dealer said he thought she knew it was fake and after listening to their conversation I kinda think he was right.
Hard to say but I wouldn't doubt there are a lot of altered coins sitting in people's coin books all across America. Certainly by 1960 this coin was recognized as a coin "worth" altering.
I would think that by the late 1930's it was recognized as worth altering... Coin boards caused date/ mintmark collecting to get very popular in the 1930's
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