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Were Holes Or Plugs Ever Collected For Assay Or Taxes?

 
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Pillar of the Community
United States
1699 Posts
 Posted 03/16/2023  11:36 am Show Profile   Bookmark this topic Add mds308 to your friends list Get a Link to this Message
Many years ago, I was told by a coin collector that plugs or holes were made for assay or tax collecting purposes. Was this ever done? I'm saying yes but I need some other input. Thanks for your thoughts, knowledge and opinions.



Pillar of the Community
United States
2030 Posts
 Posted 03/16/2023  12:36 pm  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
That's an interesting question. While I haven't done any research on the subject, I would think that "yes", they would keep the metal. It could be melted down and re-used. I'm curious what others say. Thanks for the question!
Pillar of the Community
United States
760 Posts
 Posted 03/16/2023  4:21 pm  Show Profile   Bookmark this reply Add PlumCrazy814 to your friends list Get a Link to this Reply
I don't recall ever hearing this. I always presumed that the holes were done to make the coins wearable.
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Australia
15073 Posts
 Posted 03/16/2023  9:01 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
No.

Freshly-minted coins put aside for assay (official government testing, such as for Britain's "Trial of the Pyx") would have either been non-destructively tested (i.e. weighed), or would have been tested to destruction (i.e. broken clean in two). What they would not do, is punch a hole in a coin, then release that coin back out into circulation. That holed coin is "damaged" and no longer fit for use, as it no longer contains the specified quantity of silver.

Once in circulation, coins get damaged in all sorts of ways. I suppose back when silver dollars were routinely cut into pieces to make change, a tax collector who didn't have any small change to give back might have requested a larger coin be cut. Can't say I've heard of it happening. And they'd never punch out a little piece to create a holed coin - they'd cut a coin into pie-shaped wedges instead. The round hole would be too difficult to make, compared with a straight cut.

A coin with a hole punched in it has almost always had the hole punched for aesthetic reasons - turning it into a piece of jewellery, most commonly.

Sometimes, if a merchant was certain a coin was counterfeit, they'd nail it to a wall or doorpost, as a way of getting it out of circulation (and to remind themselves to be more careful when accepting coins from customers). The nails used back then were usually square, creating a square hole.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Portugal
52 Posts
 Posted 03/19/2023  1:04 pm  Show Profile   Bookmark this reply Add jecz79 to your friends list Get a Link to this Reply
No mint would release a damaged coin. And people would not accept them

I have heard that in some countries coins were worn on wires. But those in Asia where I saw examples had coins produced with holes.

I early modern europe sometimes coins were used as medallions of the monarch, worn by officials. Then they became jewellery and no one would take them at face value. I have seen some also made into brooches for that. With pins soldered.
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