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How Do "Pin Holes" Effect Cheques' Value?

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Harmonica's Avatar
Canada
1118 Posts
 Posted 02/17/2016  5:52 pm Show Profile   Bookmark this topic Add Harmonica to your friends list Get a Link to this Message Number of Subscribers
I am looking over 3 cheques, 2 I am interested in. I have similar examples with no tears. The two I am looking at have little rips in them. Not cancel marks but little pieces of paper that stick up and a hole that lights shines through.

Should I skip them? I know what the guy paid for them and I want to package them into a lot. Historically and geographically interesting but any numismatic value?

Post script: The cheques go for 5-10 with out the pin holes on ebay.
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chequer's Avatar
Canada
4227 Posts
 Posted 02/17/2016  10:07 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
Pinholes as in could have been made by one of these?

https://img1.etsystatic.com/006/0/5...189_nv6h.jpg

Those are quite common on cheques and don't affect value much, unless they're very detracting. As with anything else, a nice, crisp example will bring some sort of premium.
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chequer's Avatar
Canada
4227 Posts
 Posted 02/17/2016  10:09 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
Or, if an actual pin hole, it was common to use a straight pin to attach the cancelled cheque to the invoice or receipt. Not a big problem at all and very common.

edited to add there will often even be rust stains from the pin.
Edited by chequer
02/17/2016 10:10 pm
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Harmonica's Avatar
Canada
1118 Posts
 Posted 02/17/2016  10:17 pm  Show Profile   Bookmark this reply Add Harmonica to your friends list Get a Link to this Reply
Huh! I vaguely remember one of those sitting next to the cash register at the Irving truck stop. Now that I know what caused it I actually like the whole now (weird, eh).

Thanks again Chequer. I have another question in the token forum you may be able to help me with. I am trying to package together some cheques and tokens. My Pelletier book sucks.
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GregAlex's Avatar
United States
822 Posts
 Posted 12/13/2017  4:38 pm  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply
From what I have seen in the collector market, pinholes have little effect on the value of a check (or stock or bond). These were frequently stapled or spindled so it's just part of regular use. What might bring down value is large or numerous punch holes through the vignette or revenue stamp.
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