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Counterstamped Coins

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Pillar of the Community

United States
3156 Posts
 Posted 04/16/2013  10:45 pm Show Profile   Bookmark this topic Add jerryc39 to your friends list Get a Link to this Message Number of Subscribers
I was wondering if a coin has been counterstamped does this drastically reduce its collector value? Thanks Jerry
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Dasaki's Avatar
United States
500 Posts
 Posted 04/16/2013  11:20 pm  Show Profile   Bookmark this reply Add Dasaki to your friends list Get a Link to this Reply
It counts as damage, so I would assume, unless someone collects counter-stamped coins in particular, that it would reduce value, yes.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/16/2013  11:20 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
As a general rule, yes. Some certain few counterstamps are known, and those tend to have a little collector value of their own, but that's rare.
Pillar of the Community
United States
3156 Posts
 Posted 04/17/2013  12:15 am  Show Profile   Bookmark this reply Add jerryc39 to your friends list Get a Link to this Reply
bought some silver half dollars for bullion value and the coin in question was a seated liberty half with the letters W.T.S.K stamped on obverse. 1876 year. not a bad grade except for counterstamp.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 04/17/2013  3:21 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
Depends whether we're talking official counterstamps or not. Clearly coins with someone's initials on will generally have limited appeal. Counterstamps advertising a company do have some collector interest from specialists. And coins that have been stamped officially to show that they are acceptable for circulation can command very decent prices.

An example of the latter are the Spanish 8 Real pieces that were counterstamped by the Bank of England to pass as crowns. They were needed because of the shortage of silver in Britain during the reign of George III.
Edited by Tom Goodheart
04/17/2013 3:23 pm
Pillar of the Community
United States
3156 Posts
 Posted 04/17/2013  8:31 pm  Show Profile   Bookmark this reply Add jerryc39 to your friends list Get a Link to this Reply
I have no clue as to what wtsk is short for. no luck in the search
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