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1858 Penny! That I Have (& Now Worthless-Why?!?!)

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 Posted 03/01/2018  12:27 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
I'd just nail it to my front door for luck.



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 Posted 03/01/2018  2:18 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
to the Community!

Your post was moved to the appropriate forum for the proper attention.
Pillar of the Community
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 Posted 03/01/2018  6:27 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list

Quote:
I'd just nail it to my front door for luck.


I'm thinking if my wife caught me nailing coins to our wooden doors my luck would run out!!
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 Posted 03/01/2018  6:29 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list
Your first post is showing the same image twice. Your picture file names need to be unique, otherwise we only see the last one uploaded.
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 Posted 03/01/2018  6:47 pm  Show Profile   Bookmark this reply Add stoneman227 to your friends list
In colonial and post colonial times coins were often holed so they could be kept on a string for safe keeping. Lacking a wallet , purse or pocket , a string would be the safe alternative.
I have always wanted to find a holed coin with my medal detector.
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 Posted 03/01/2018  6:58 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
No wallet, purse or pocket, but we do have a drill.
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 Posted 03/01/2018  7:17 pm  Show Profile   Bookmark this reply Add Sherriexanne3 to your friends list
Yeah, my man already regrets teaching me how to use the drill & bits..because of the fact I started hanging up alot of things...the door idea- I think he would permanently lock up his tools! Ha but thank you guys!
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 Posted 03/01/2018  7:20 pm  Show Profile   Bookmark this reply Add Sherriexanne3 to your friends list
& I realised I did post the same one sided image, but by that point I had to already fix this & that from rules I did not know about yet thst I left it. If anyone wants to see the other side-by-side ill post it, it is in really good condition actually without the hole..
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 Posted 03/01/2018  7:26 pm  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list
Instead of posting a correction or addition, please read this CCF FAQ about editing your post the next time:
https://www.coincommunity.com/forum/faq.asp#edit

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 Posted 03/01/2018  8:26 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
Not only were holed pennies used as jewelry and lucky door charms, they also found uses as gears, washers, shims, and for the large cents, pie crimpers and leather embossers.

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 Posted 03/05/2018  5:05 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list
@Sherriexanne3 .... Consider the likelihood that, had your cent NOT been holed, its path in history might well have been altered, and it would never have found its way into your possession. That said, I've seen a great many coins in far worse condition than yours! Given that the hole in that 1858 cent is centered, I'd consider the possibility of giving it it to a jeweler for mounting in a ring. he could polish it and insert a birthstone or diamond.

Here are a few damaged coins from my collection that, IMHO, appear far more damaged than our OP's coin ...


1858-Penny!-That-I-Have-&-Now-Worthless-Why?!?!
1858-Penny!-That-I-Have-&-Now-Worthless-Why?!?!
1858-Penny!-That-I-Have-&-Now-Worthless-Why?!?!
1858-Penny!-That-I-Have-&-Now-Worthless-Why?!?!
1858-Penny!-That-I-Have-&-Now-Worthless-Why?!?!


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 Posted 03/05/2018  5:29 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Here are a few damaged coins from my collection that, IMHO, appear far more damaged than our OP's coin ...
Nice examples.
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 Posted 03/05/2018  7:59 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list

Quote:
Someone tell me why this would even happen or want this to happen?!?


Coins have long been damaged for any number of reasons; this, whether logically or illogically so. Given that the hole on our OP's 1858 cent is well-centered, I suspect that this "damage" was purposeful. I strongly suspect that it was performed by a machinist; this, perhaps in order to test the strength of a drill bit on this hard, copper-nickel coin. Or, he may simply have been testing his ability to punch a center hole?

If there was no hole on our OP's coin, I suspect it would be worth maybe $25-$30 in such low grade. Below is a high grade 1857 FE Cent that would likely be worth $150 or so without the counterstamp. I've studied this one many times without feeling ill. One of the rarest coins ever sold, the Brasher Doubloon that realized $4.5 Million, was counterstamped or "damaged" in effect.


1858-Penny!-That-I-Have-&-Now-Worthless-Why?!?!
1858-Penny!-That-I-Have-&-Now-Worthless-Why?!?!

Counterstamping sometimes increases the value of a coin and sometimes decreases the value. There are even some coins of which a hole increases the value thereof .... so-called "holey dollars." But, that's another story!
Edited by ExoGuy
03/05/2018 8:00 pm
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 Posted 03/05/2018  10:03 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Not to long ago there was a post about all the things people do and have done to coins.
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 Posted 03/06/2018  11:30 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Not to long ago there was a post about all the things people do and have done to coins.
This one?

http://goccf.com/t/284217
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