18?3 Indian Penny Tag?

It's a counterstamp, pretty much reduces the coin to just a curiosity.

Given the absence of stops or periods, following the letters, I'm inclined to believe that this creation was for ethnic intent; this, as opposed to someone's initials. It may have once been a watch fob or ornament, perhaps? Why else would someone have gone to the trouble of plaining the coin's reverse?

I concur with Robbudo's estimation of value, being a few bucks.





I'd note that counterstamps very often enhance, rather than reduce the value of host coins, tokens and banknotes. I'd point out, in this case, absent the counterstamp, a holed Indian cent with a plained-down reverse, would be worth far less than a few bucks .... The JEW c/s makes it a somewhat appealing curiosity, eh what?

I'm not quick to dismiss that possibility. Primitive and awkward as the stamping is, someone put serious effort into creating this curious item; this, what with the surface planing and drilling of a tiny, neat hole. Had it been a professional job, performed by a jeweler/engraver, the stamping would have been more precise with matched letters.

While I relish the challenge of trying to identify c/s's, pieces like this typically defy attribution. That said, I still enjoy pondering the puzzle of mavericks like this one .... Might this have been made as a gag gift?

It's 1883 if anyone was wondering.

oh!! I remember, its @chafemasterj . but I think his interest is Lincoln's.