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 Replies: 19 / Views: 1,987 |
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Pillar of the Community
 United States
6116 Posts |
Thank you all for the kind comments but especially Smallcentguy! That's definitely the N, and looking at the coin there also seems to be a matching die gouge just below the lower lip. I'd say you nailed it, and quickly. Much appreciate the help as putting a date on this one seemed possible and now looks nailed down.
Merry Christmas to all and may the new year bring many new finds.
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Bedrock of the Community
Australia
21788 Posts |
Pity about the hole, but I would have been very happy to include it in my collection, anyway, irrespective of the date and variety, due to the gross error.
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Pillar of the Community
United States
6116 Posts |
I've been trying to estimate the value of this coin. Figured it wasn't much with the drill hole, but in general I have failed to find anything even similar online either sold or for sale. Would an error like this be considered rare for that era in Canada? Starting to think this might be worth more than I was thinking but am still in the dark for any kind of price range. It's not actually going up for sale, but since I don't collect Canada coins at some point it will end up getting sold or traded and having some broad idea of value would be helpful. Any guesses?
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Pillar of the Community
Canada
5324 Posts |
This would have been a really cool error with a nice large cap, but someone tried to make it a medal or something, most error guys would stay away from holed errors. Sure someone would pay a small premium for this unit.
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Pillar of the Community
Canada
1505 Posts |
I would easily pay a small premium for it. Not a fan of holed coins, buy this kind of strike is pretty neat and assuming quite rare.
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Bedrock of the Community
Australia
21788 Posts |
Probably impossible to find a sold price for a similar coin on ebay. If you don't intend to sell it, the value it may have is of little importance - similar to a typical museum policy. In the situation of a paucity of value information, it gets down to what the owner may think it could be worth. To my way of thinking, I would value a similar error silver coin such as this, at perhaps 20% of the value of a similar non holed coin. But that is just me. When it comes to holed Maundy coins, US Half Dimes, and Three Cent Silver coins, I have a collection of about 20. In this case, none are error coins, and as such, I would value them at about $5 each, or even less. Most probably, all of them were holed for jewelry purposes. |
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Pillar of the Community
United States
6116 Posts |
Oddly I was also thinking about maybe 80% of straight value. A 25% off center on a similarly dated US 25 cent coin would run about $2000 or so, but I just have no idea if Canadian errors have a similar value. From the few off centers I could find they are priced well above a similar error on a US coin. It is not impossible this is one of the strongest off centers known for that series. That's why I'm asking here, as I only have questions and all my google images searches are not finding any of these.
But value does have something to do with whether I will be selling it. A value of $600 and it'll go to PCGS to get slabbed and sold at auction. A value of $125 and I just stick it in a 2x2 and hold it until someone is looking to make a trade and finds it interesting. I'm happy keeping it around, as I like it, but if enough value I'd likely put it on the market as not really part of what I collect.
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Bedrock of the Community
Australia
21788 Posts |
Off center strikes for modern base metal coins are not nearly as scarce as silver off center strikes of many decades ago.
I have two silver off center strike Australian Shillings shillings about as extreme as the Canadian 25 Cents pictured here, but I do not know how the value would compare between them.
I have seen similar examples of Australian Shillings at public auction, where they have sold for around AU$ 200 each or thereabouts.
If my coins had been holed they would be valued at less than AU$50 or so, IMO.
Because I have no intention of selling my coins, the value of them to me is largely academic.
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Pillar of the Community
Canada
1984 Posts |
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Pillar of the Community
United States
6116 Posts |
Thanks again, as that is all very helpful. Lovely set of coins in those links and the prices they sold for were also quite helpful. It does seem as if errors like these from the early dates are quite rare, and while the error is quite readily apparent, slabbing it is required for most major auction houses to sell it, which is why I would think about doing that. But it's rotten expensive so not something done without some forethought.
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Moderator
 Canada
10460 Posts |
As an error collector myself, a holed coin is something I'd never buy. For example, I sold this one for about 15% of what it's value would be without the hole. My guess is you might get $200 to $350 for it. It all really depends how bad someone wants it.  "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
5324 Posts |
This coin is still holed, your own dealer gave it to you as a package, Heritage has error specialist, send them a pic and you will have an estimate of it"s value
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Pillar of the Community
United States
6116 Posts |
Thanks for the input! Good to hear from folks who collect such things and have experience with holed coins as well. That 5 cent coin is pretty similar to the posted coin, and your value estimate is greatly appreciated. As it costs $65 for PCGS to grade an error coin, and I have no other world error coins, this would have to go in by itself and accrue all the other fees as well. I am guessing it would cost roughly $100 to slab it. My thought was that it would have to push about $400 in value to be worth doing that, although just by being in a PCGS slab the value goes up slightly. Unsure this one will be worth doing that at this point, but it's at least not out of the question.
Again, thank you all for your thoughts and comments.
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Pillar of the Community
 Canada
5591 Posts |
A coin usually has to be worth (or actually SELL for) about $200 to make it worthwhile to slab. PCGS may not even grade it due to the hole. An error collector knows what it is so try to sell it to one of them, and save the cert, ship and insurance costs.
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Pillar of the Community
United States
6116 Posts |
In many ways, that is good advice.
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Replies: 19 / Views: 1,987 |
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Posted 12/25/2022 6:20 pm
