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 Replies: 9 / Views: 4,095 |
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Pillar of the Community
United States
1391 Posts |
There is a Two Cent coin with a small hole drilled in at at the junk bin of my local coin shop for about $3. Should I even bother picking it up? I usually don't see Two Cents around so was just wondering. I don't know a lot about early American coins. |
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Pillar of the Community
United States
3345 Posts |
Depending on the grade, its probably an OK buy, considering its only $3 and if you want a 2c piece go ahead.
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Pillar of the Community
 United States
1888 Posts |
Think: once you own it, will you see the coin you bought, or will you always see the hole?
Sure, 3 bucks is not a lot of money, but low grade 2c coins -unholed- are sort of common in this area. Easy to pick them up for $5-10. If it was me, I'd pass. Just saying.. ..
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Pillar of the Community
United States
1151 Posts |
If it has high grade details, go for it, if not, wait and just buy an un-holed example.
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Moderator
 United States
16679 Posts |
I would pass personally. An original, no problem coin can be had fairly cheap.
Not incredibly rare coins.
swcoin.ecrater.com
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Pillar of the Community
United States
4618 Posts |
If you want to put it on your keyring, buy it. I now have an 1846 large cent, an 1865 3 cent nickel, an 1866 3 cent nickel (I bought both 3 cent coins on ebay this week) and a 1921 Morgan. It's a cheap way to show that you're a collector and sometimes it pays off. I've had people ask about my coins and ask if I could help them with the value of the coins they have and and have even bought a few nice ones to add to my collection. Holded coins aren't what most people are looking for. I search ebay every day for holed, damaged, scratched and bent coins that I can use for rings, jewelry or just something to add to my key-chain. If I saw the 2 cent coin, I might buy it, but I also know that the $3 is gone forever... unless I meet another holed coin collector like me.  If you don't buy it, give me the details and if it sounds like the kind of holed coins I but, I'll send you $5 plus shipping. Just let me know the year, the condition *if it didn't have the hole* and if you'd be willing to ship it to me. I'll even send the cash before you send the coin. If this is not allowed by CCF, don't do it. I love it here and I don't want to cause problems for either of us. ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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Valued Member
United States
136 Posts |
Like Yokozuna said, if you're looking to grab something that serves as more of a novelty item, I'd go for it. However, if you're looking for something to add to a collection, I would personally wait for a better, undamaged example.
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Valued Member
United States
321 Posts |
Buy that bad boy! For only three bucks? Slam dunk if you ask me. And that hole... It has a history. Not just the coin but the hole. Why was it put there? Who put it there? When? Have fun with coin collecting for a change and buy that coin.
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Pillar of the Community
1028 Posts |
 If you ever intend to build a set of 2 cent peices or even if your build a type set, you'll probably decide that a holed coin is not good enough. If you just want a 2 cent piece than it sounds like an okay deal, especially if its better grade. I bet it probably is at least a F/VF for two reasons. It was likely holed when it circulated, and then after the alteration, kept...therefore limiting further wear. Also, a common date holed well worn piece would probably not even be put out anywhere by a dealer. |
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Pillar of the Community
United States
4416 Posts |
If you're on a modest budget, wanting to get your feet wet collecting U.S. coins, why not buy it? What's the downside on a $3 purchase? An old friend of mine once assembled a U.S. type set of holed coins, and he's a coin dealer who found fun in doing that. Do bear in mind though that "unholey" coins tend to be a better investment ...
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Replies: 9 / Views: 4,095 |
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Posted 12/11/2011 5:14 pm
