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Broken Coins And Numismatic Value

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Bing's Avatar
United States
4253 Posts
 Posted 02/03/2012  09:57 am Show Profile   Bookmark this topic Add Bing to your friends list Get a Link to this Message Number of Subscribers
At what point does a break in a coin diminish it's worth as a numismatic collectible? I have a few, perhaps 3 or 4 coins, that have chips small enough to leave them desirable to me. I have previously posted my Augustus Bull Denarius, RIC I 167a, but I recently acquired this Faustina I Denarius that also has a small chip. The details in this coin look extremely good so I found it desirable for my collection. However, how much do these chipped coins loose, not in value but in collect-ability?

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Edited by Bing
02/03/2012 1:13 pm
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giano's Avatar
279 Posts
 Posted 02/03/2012  11:03 am  Show Profile   Bookmark this reply Add giano to your friends list Get a Link to this Reply
Hi jw,I know that several people say that coin without a piece are without value or with a very small value,I think that as you say they are good ,and in my opinion they are a piece of history in the same way as others and for me, have the same value and right to enter into collection.

Perhaps you will remember, the restoration work, which I did on this denarius suberate, of ugustus and antonio, but in my case was missing the whole face of antonio.
for your coins, I would leave the way they are, they are beautiful even without a piece.


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DVCollector's Avatar
United States
10045 Posts
 Posted 02/03/2012  12:54 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
I regard ancient coins more as individual artifacts, each with a unique history, than modern coins which are judged against one ideal MS state example. Sure, that Augustus Bull Denarius may be damaged, but I can't think of a better place for that break--it retains every important detail that makes the coin desirable to me.

I hope TPG "slabbing" doesn't get popular for ancients, because I think it's partly responsible for this hair-splitting on grade, populations, and perfect surfaces. Coins are collected for numbers, rather than for their design, history, and individual appeal.

Here is my example of a broken coin, which I feel retains a lot of the design and collector appeal:

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Gil-galad's Avatar
United States
2044 Posts
 Posted 02/03/2012  1:24 pm  Show Profile   Bookmark this reply Add Gil-galad to your friends list Get a Link to this Reply
I really don't know how chips and breaks factor into a price. I have a few coins with "problems", but I enjoy the coins. To some people, the coins somehow look more ancient with various bleaks and other issues. Barring any modern caused issues.

A lot of people seem to desire coins that are in high grade, and are a complete flan. So, it stands to reason to me that well preserved and manufactured coins would command the higher price.
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Bing's Avatar
United States
4253 Posts
 Posted 02/03/2012  1:31 pm  Show Profile   Bookmark this reply Add Bing to your friends list Get a Link to this Reply

Quote:
well preserved and manufactured coins would command the higher price


I'm really not interested in the value as indicated by price. I'm more interested in how other collectors place numismatic value on these broken coins. For me, these three coins I have presented and the one by DVC seem beautiful. I aggressively sought after my three when I saw them, not because the price was right, but because I judged each coin as desirable.
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echizento's Avatar
United States
23731 Posts
 Posted 02/03/2012  1:37 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
I think it depends on the rarity of the coin. A chip or break on a rare coin would be more acceptable and not lessen the value than on a not so rare coin. It also depends on what the collector would accept. The average collector might over look the break and be willing to pay full price, while the purest collector would probably stay away for the coin and wait for a better example.
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jessvc1's Avatar
United States
2596 Posts
 Posted 02/03/2012  7:47 pm  Show Profile   Bookmark this reply Add jessvc1 to your friends list Get a Link to this Reply
Im sure that most collectors will want a discount but I like them. Like DVCollector I consider them ancient artifacts-just like the statues that are broken they have a neat history. Its a good way to pick up some neat coins. I know its kind of wierd but I'm trying to build a chipped set and a holed set with coins to show different varieties.
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United States
1549 Posts
 Posted 02/03/2012  10:14 pm  Show Profile   Bookmark this reply Add dougsmit to your friends list Get a Link to this Reply
I agree with echizento. Most collectors avoid broken coins like the plague. Most would give a home to half an EID MAR denarius. The number of low end collectors that frequent coincommunity outnumbers any group I have known. In coin clubs I have joined over the years I was usually considered a fool who collected junk but I would only collect broken coins if they were both rare and interesting to me for some reason that outweighed their ugliness. It is fine to buy what you want but If I were to take ten randomly selected coins from my collection to an average dealer, I might sell five of them with a 'pass' on the others as not worth their while. A collector of broken coins would more likely sell none. If you do not care about this factor (I don't), there is no problem. Enjoy your coins - even the half coins.

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sel_69l's Avatar
Australia
21788 Posts
 Posted 02/03/2012  10:27 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Ultimately the price at which a coin changes hands will be the result of an agreement.

For a collective opinion, picture it here in the CCF, and ask what we would buy it for.
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Bing's Avatar
United States
4253 Posts
 Posted 02/03/2012  11:22 pm  Show Profile   Bookmark this reply Add Bing to your friends list Get a Link to this Reply

Quote:
For a collective opinion, picture it here in the CCF, and ask what we would buy it for.


That's a good idea if I were looking for a price value. I originally wanted to see what other collectors felt about broken coins like the ones I posted. Coins that still retained the majority of detail that makes the coin desirable in the first place. I think most here do not collect these Ancients for the value in price, but for the value we see in the artifact. The beauty of it if you will. At least that's how I see my collection.

There is also a problem (if one can call it a problem) with asking others on this discussion board to give an opinion on the price of a coin. Most, but not all, are considerate and don't want to offend someone by suggesting a value that the owner might think is too low. I believe most members guess high for that reason.

Oh well. To me the coins posted on this thread are all beautiful artifacts even though they may not be whole.
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