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 Replies: 21 / Views: 2,492 |
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Pillar of the Community
Canada
5417 Posts |
I think it will grade AU-Details, if graded. As Xavier mentioned, there are professionals who repair holes in coins, and a well done job on a coin like could improve the value 25% OR MORE.
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New Member
 United States
9 Posts |
How much does it cost to fill a hole? And where would I go to get that done? Would it actually improve the value of the coin, or would a buyer "appreciate" the coin its is current form vs having a filled hole?
If I fill the hole, does the grading change? Sorry for all the questions, just want to be sure I take the right approach to getting the max value out of this.
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Pillar of the Community
United States
6370 Posts |
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Bedrock of the Community
Canada
11922 Posts |
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Pillar of the Community
United States
8137 Posts |
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Pillar of the Community
United States
2589 Posts |
As it stands right now, a third party grading company like PCGS, NGC, ANACS, ect would not grade your coin because it is wholed. However they will grade coins with filled holes, which is why as zxcccxz stated above your coins value will jump if the whole is filled. There was a guy who ran a website that focused on repairing holed coins, can't remember the name of the site though. Any jeweler worth his salt should be able to at least fill the whole with gold or a goldish looking alloy at a worthwhile cost. If you can find someone who re-engraves the detail, that would also increase the premium but might not be cost effective.
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Pillar of the Community
United States
7644 Posts |
I would imagine that a small hole like that, on a small coin like that is very difficult to repair. The metal has to be heated up to be workable and the correct fineness of gold has to be used to fill in the hole. It then has to be smoothed and have the missing details reingraved. You probably will lose any mint luster that is currently on the coin.
Can it be done? Probably.
Is it expensive? Ya never know till you send it in for an estimate.
If you search "coin repair service" online you should be able to find people that do this type of work. The guy that did one for me a long time ago lived in Kentucky. I was happy with the results.
Good luck!
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Pillar of the Community
United States
2589 Posts |
As I said above, there are varying degrees of repair that can be done to make the coin "gradeable". The most basic repair, simply filling in the hole without any smoothing, tooling, or reengraving should not be to expensive nor difficult to repair.
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New Member
United States
9 Posts |
Thanks all. So consensus is that it's worth it, assuming the price to fill the hole is not excessive?
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Moderator
 United States
23522 Posts |
I dunno; this whole premise of coins with filled holes being somehow intrinsically more valuable than coins with open holes is news to me. At least the hole is contemporary. Still a Details coin either way.
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Valued Member
Canada
79 Posts |
The strike is quite nice for gold, I think it would be AU Details. Really unfortunate, because the coin is such a small one, that it almost seems pointless to hang it on a chain.
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Bedrock of the Community
Australia
21788 Posts |
Repairing the hole will not improve the value. The repair will always be found.
It's resaleability may well be increased.
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Pillar of the Community
Canada
5417 Posts |
Quote:
Repairing the hole will not improve the value. The repair will always be found.
It's resaleability may well be increased. I disagree. Obviously, any grading company worth their salt will find that the coin has been plugged. However, the point isn't to conceal the hole from the graders/buyers. The point is to make the coin more desirable. Even if it is a holed coin, it will look much better professionally plugged. There are different levels of problem coins, the worse the problem, the more the price is affected, which is why a lightly cleaned coin that has retoned will not reduce the value nearly as much as a harshly cleaned/polished coin. In the same way, by having the coin plugged/re-engraved and making it look less damaged, the price will go up. Obviously, it will never be as valuable as a problem-free coin, but a holed coin that will normally bring 25%-30% of FMV may now bring 50%-60% of FMV. I also agree with your point that it's much easier to sell a plugged coin than a holed coin. After all, the price of a coin is strongly influenced by it's eye-appeal. Now, since this coin isn't worth tens of thousands of dollars outright, it's left to be seen whether the cost of having it professionally plugged/re-engraved is worthwhile. You can only know this one you ask for an estimate from someone who does this kind of work. Edited by zxcccxz
06/15/2015 2:44 pm
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Pillar of the Community
United States
2589 Posts |
As I stated before, holed coins are considered by TPG's to be ungradable, plugged coins are gradable and therefore bring better prices at market. |
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Pillar of the Community
United States
589 Posts |
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Replies: 21 / Views: 2,492 |
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Posted 06/13/2015 1:44 pm
