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Coins With Holes - Thoughts?

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Rest in Peace
Crazyb0's Avatar
10197 Posts
 Posted 10/19/2017  10:49 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply

Coins-With-Holes---Thoughts?

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ExoGuy's Avatar
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 Posted 10/20/2017  07:10 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
@thq ..... Interesting piece. I've not before seen the like of it, sort of a raised cut-out, creating a 3-D effect. At first glance, I thought it was a belt buckle.
Edited by ExoGuy
10/20/2017 07:12 am
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Andrew99's Avatar
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 Posted 10/24/2017  2:45 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply

Coins-With-Holes---Thoughts?
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krizpe's Avatar
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 Posted 10/26/2017  02:04 am  Show Profile   Bookmark this reply Add krizpe to your friends list Get a Link to this Reply
A few years ago, I picked up a holed 1805/4 Draped Bust Half O-102. Without the hole it is either VG10 or F12. Without the hole, it is an R3.

I paid less than 1/3rd to 1/5th its current PCGS value.

It is cool to look at such a clear overdate. A couple of degrees of freedom away from the magical 1804 date.

I dunno, I find myself gravitating toward details and holed coins. Affordable history. I have an AU Details 1797 Draped Bust 10x6. So cool to see such exquisite detail.

I would like to see PCGS/NGC make more of an effort on the genuine coins.

Anyone else with similar sentiments?

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thq's Avatar
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3343 Posts
 Posted 10/26/2017  08:58 am  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
When these show up in the cull tub they're hard to pass up.
Coins-With-Holes---Thoughts?
Louis the 15th king of France and Navarre. For novelty alone ecus are better than AG Walkers.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
10/26/2017 09:00 am
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ExoGuy's Avatar
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 Posted 10/26/2017  09:08 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
to the CCF, krizpe!



Quote:
Without the hole, it is an R3


I don't see the hole affecting the R-value. It doesn't alter the population.

Regardless of holes, counterstamps, cleaning, or other detractors, I've never ceased interest in studying or appreciating a given coin. Been at it for well over fifty years now, maintaining that outlook.
Edited by ExoGuy
10/26/2017 09:08 am
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BillSnyder's Avatar
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 Posted 10/26/2017  2:31 pm  Show Profile   Bookmark this reply Add BillSnyder to your friends list Get a Link to this Reply
I have many historic holed coins. Here is a 1789 Spanish (Peruvian Mint) proclamation piece for King Carolus IV -

Coins-With-Holes---Thoughts?


Bill
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ExoGuy's Avatar
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4421 Posts
 Posted 10/26/2017  3:30 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Hey Bill .... That's definitely a historic piece, and in 1789, heads were dropping in France.
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krizpe's Avatar
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 Posted 10/26/2017  11:50 pm  Show Profile   Bookmark this reply Add krizpe to your friends list Get a Link to this Reply
Hi Exoguy,

I was reading a note from PCGS that said they did not include "genuine coins" in population numbers, which would then affect the Sheldon Rarity scale. Is that the case?
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ExoGuy's Avatar
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 Posted 10/27/2017  06:58 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Hi krizpe,

Offhand, I doubt that the PCGS, their in-house policy, has any influence over Sheldon ratings. If other CCF members have insight into this question, I'll stand corrected. I was an EAC member for some years and never encountered any such exclusion.
Edited by ExoGuy
10/27/2017 10:13 pm
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 Posted 10/27/2017  9:33 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
I'm going to let out one of the "dirty little secrets" of professional Coin Dealers. There are slabs out there, genuine slabs, that were originally holed coins. Coins that are the output of a very small number of the very best "coin doctors". Coins that were filled in such a way that they are indectable; even under magnification.

How do I know this? I was a buyer for one of these men till he died 7 years, or so, ago. There are very specific guidelines for buying these coins. Not all coins can be "restored". Obiously coins that are only holed on the fields of the reverse and obverse are prime candidates. But even coins that have been holed in the devices can be "restored" though it takes a lot more work. They also had to be either key dates or condition rarities.

I've never witnessed the "restoration" process, though I have seen the aftermath many times. The output is not that high perhaps a dozen coins a year per person. I'm an Engineer and I have some thoughts on this, but I'll keep them to myself. I do keep holed coins, knowing that at sometime in the future "restorations" will become more common.
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Crazyb0's Avatar
10197 Posts
 Posted 10/27/2017  10:33 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Jmkendall, often wondered that. Now that our parents and grandparents are dying off, all these "jewelry coins" are hitting the resale markets in the more recent years. These are lower value, not necessarily rare but could be fixed" rather easily to fool most any collector. it'd be a real coin, but a modified(faked) one at the same time, commanding a higher price than damaged goods. A new venture for those in the shmuck category.
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 Posted 11/05/2017  11:27 am  Show Profile   Bookmark this reply Add steviegetz to your friends list Get a Link to this Reply
Heres the coolest holed coin collection ive seen. If you dont like holed coins after seeing this , your too stuborn! I love holed coins as long as they are original in every other aspect. I was actually trying to chase down the pinetree threepence in this picture for my collection.
Coins-With-Holes---Thoughts?
Valued Member
United States
215 Posts
 Posted 11/05/2017  11:32 am  Show Profile   Bookmark this reply Add steviegetz to your friends list Get a Link to this Reply
Some got cut out in picture above...
Coins-With-Holes---Thoughts?
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