1857-O Half With Plugged Hole - Coin Community Forum

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Author	Replies: 7 / Views: 1,372
CSOTUS Pillar of the Community 1153 Posts	Posted 09/14/2013 11:08 pm Was wondering about when a coin has a hole..does it completely ruin the value? The coin in the link has good details, but I was wondering what the hole would do for value? Does it drop it to melt or G-4 or not effect it at all? http://www.ebay.com/itm/1857-O-Seat...em565b0b3365 Thanks Report this Post to the Staff

SsuperDdave Moderator United States 23522 Posts	Posted 09/14/2013 11:33 pm It doesn't "completely ruin" the value, but it definitely gives the value a good whack. This particular issue apparently circulated a lot; its' relatively high mintage of 818,000 isn't reflected in auction record quantities and they're an absolute Condition Rarity in Mint State. I'm thinking the asking price is fair for both seller and buyer. Figure on it also having been brushed, though. Report this Post to the Staff
Joe2007 Pillar of the Community United States 3843 Posts	Posted 09/14/2013 11:40 pm I think that different types of collectors answer this question differently. Some collectors and dealers(perhaps the majority)may feel that this coin is only worth melt because of it being a common date for the series, circulated, and crudely plugged coin. Personally I feel that this coin is a neat piece of history but I wouldn't buy it for anywhere close to what this ebay seller is asking. Edited by Joe2007 09/14/2013 11:42 pm Report this Post to the Staff
justin3651 Pillar of the Community United States 621 Posts	Posted 09/15/2013 01:15 am The failed punchmark on the head or whatever it is personally kills a lot of the value for me personally. others might see things differently of course. if you like it and want to buy it they do have make an offer up so that means they are willing to take less than the full $39, i'd start low and try to get it for $25-$30 if I was you. Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 09/15/2013 08:18 am IMO it's a space filler and AT BEST shouldn't got for more than $10-12. That's just a bit more than melt. Report this Post to the Staff
Moe145 Pillar of the Community United States 8904 Posts	Posted 09/15/2013 4:23 pm That's about the worst place for a hole. And a "double" hole hurts even more. I, personally, would pass on this one at any price. Report this Post to the Staff
GR58 Bedrock of the Community United States 11951 Posts	Posted 09/15/2013 9:23 pm Only way I would buy that coin, would be at melt. Then I would have her melted, she is in to much pain and should be put down. Report this Post to the Staff
CSOTUS Pillar of the Community 1153 Posts	Posted 09/15/2013 9:34 pm It's like looking at a train wreck, I know I shouldn't look but it's so hard to stop. Thanks for all the input guys. Report this Post to the Staff
	Replies: 7 / Views: 1,372

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