| Author |
Replies: 9 / Views: 7,530 |
|
|
New Member
United States
3 Posts |
Good evening to the coin community! I do want everyone to know that I am a beginner, so my first few posts may be really, well, noob like so my apologies in advance:) I stumbled upon a 1990P Washington quarter that I am sure is damaged, however uniquely so enough that I was hoping for the opinion of the community... Pictures below, thoughts?  
|
|
|
|
Pillar of the Community
United States
3755 Posts |
Somebody took out a LOT of pent up aggression on that poor quarter. 
Edited by smokeriderdon 10/11/2012 11:27 pm
|
|
Bedrock of the Community
13014 Posts |
 The majority of the time post mint damage (damage done by other people) wont bring a premium. Mint errors however can bring large premiums depending what they are. Theres exceptions to every rule, but generally if someone else has done the damage to your coin its worth face value, if its a mint error its worth more
|
|
Rest in Peace
United States
7075 Posts |
 That poor quarter looks like it got dropped on a warehouse floor and then dragged around by a forklift. But I'm just guessing. There's just something about it that looks like it got between metal and concrete. But the 'bullet hole' on the forehead looks too small for forklift damage so....probably some other scenario. Maybe it spent some time in a machine shop. It does make me curious, but there is no way to ever no for sure.
|
|
New Member
 United States
3 Posts |
I am glad I am not the only one that was curious! I personally thought possibly a motorcycle accident was the culprit. I cannot believe how exhilarating coins can be :) I just started 2 weeks ago, got 100 dollars worth of quarters from my credit union (I'm sure ill find out soon enough most likely they are a waste of time, at least from what I have heard ;) ) and I found a 62 Washington on my 9th roll :)
I am also super stoked ( although its worthless I just recently realized :( ) to find a 5 baht coin from my most recent pack of quarters :)
|
|
Pillar of the Community
United States
1227 Posts |
Hey, that 5 baht is not worthless! A lot of us (myself included) collect foreigns. Put yours to the side, and after you've been here a bit, you may find a lively trading for them in the buy/sell/trade section.
|
|
Pillar of the Community
United States
1374 Posts |
Looks like a welder got a hold of it, lol.
|
|
New Member
 United States
3 Posts |
My apologies on that baht :) I was going off of the face value compared to the US dollar, I don't think I will be able to set it aside to trade, I rather fancy it :)
|
|
Rest in Peace
United States
7075 Posts |
Airious I know how you feel.
I love the 'hunt'. It's great fun to search for die varieties and errors.
I found a cent from the Bahamas in my husband's pocket change. I'm keeping it in my 'critter coin' book because it has a starfish on one side. I doubt that I would have ever bought that coin but FINDING it....that's fun!
|
|
Pillar of the Community
United States
2271 Posts |
The coin appears as though it might have been "repaired". A lot of damaged coin and various tokens, medals, and slugs are available for purchase by the pound. Many of these originate at banks where they are scrap buckets or auto recycling plants and anywhere that uses a lot of vending machines or that incinerates a lot of waste. One of the more common sources is municiple parking services. The really good stuff is usually taken out and what's left can be had for a song. After everything is separated out there will always be some damaged coins left. Most of these can be repaired well enough to work in vending machines with a few well placed hammer blows and a few hits with a file or grinder. This isn't my work but it appears to have been intentionally reshaped to pass in circulation. Until pretty recently culls of various types were accumulating in circulation but it appears the FED is finally removing all the misshpaen coinage. There are still a lot culls but not many that are bent, pounded, or otherwise out of their original shape.
It won't be long until they have to start removing some of the old quarters for being too thin. In 1999 they started using 1% thinner strip to forestall this date but some of the oldest quarters don't work in automatic equipment. So far the equipment can be adjusted but eventually adjusting the equipment to accept more coins will result in more slugs being used and they'll be forced to act.
We don't often think about coins circulating in vending machines but every coin makes hunsdreds of trips through these and other automatic equipment like coin counters. Any coin that won't pass through these freely will not actively circulate. Coins like the 1970-D quarter on dime stock with a mintage around 100,000 was completely removed from active circulation in less than a year because they didn't work. You still see them around in high grade because they accidently get back into circulation but they can't circulate before a collector or bank teller removes them. In 1970 a lot of people trying to buy a Coke from a machine would get so frustrated they throw them in the garbage. They were so common I didn't even save them initially but I did learn to always off someone a good quarter when he couldn't get something from a machine. Two times out of three I come out way ahead and the other time I'm out only 25c.
Time don't fly, it bounds and leaps.
|
| |
Replies: 9 / Views: 7,530 |
|