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 Replies: 10 / Views: 2,644 |
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Pillar of the Community
United States
5208 Posts |
Is it just me or do most holed coins seem to be of the Seated Liberty variety? I have others all the way up to modern clad coins that are holed but most I have come across seem to be the Seated. On a side not of the holed coins I have come across the only ones that seem to be plugged are also Seated coins. I guess the more holed would equal more plugged but I wonder if laws were stricter in the era of the Seated coinage. I assume most coins were holed to "steal" the silver and the reason why silver coins have a reeded or lettered edge was to prevent shaving. Maybe being caught with the hot potato holed coin could mean you were labeled the "silver thief" where as getting caught with a plugged coin you could blame on someone else and say you got it in change and didn't notice. Anyone have any factual basis to any of my theories? I assume most of the holing for illicit purposed would have been done during economic downturn times. |
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Pillar of the Community
Canada
5417 Posts |
Wild theories  They were actually holed to put in jewellery; not at the time they were minted but decades after as antique showpieces. Reeded or lettered edges were made to stop counterfeiting of coins because it was very hard (near impossible) at the time for anyone outside of the mint to make a lettered edge. Seated Liberty coins are holed because they were the last series to be made before the Morgans and during the early 1900's when times were good and people had money to blow, they would buy these antique pieces. Even then the old capped bust issues were over 70 years old and expensive, besides the seated liberty design looked much nicer. Hope this helped. Edited by zxcccxz
03/27/2014 12:10 am
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Pillar of the Community
United States
8517 Posts |
I see an awful lot of holed Indian cents and have a bunch myself. I was seeing so many that I thought it would be fun to do an entire set along with the flying eagles so I did. One of my most fun sets to do and it didn't cost much. Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
9792 Posts |
As far as holed and plugged or repaired coins, I tend to see more Bust coinage done, over the years. Wildest holed piece I've ever seen was an 1864 small motto uncirculated, sold on ebay, and I made a post about here on CCF after loosing that auction. https://goccf.com/t/163589Now that was a real shame to have holed, especially with all that red mint luster still present!  "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
174 Posts |
I have several holed Half Dimes. My dad used to tell me they were often put on a thin chain and worn as jewelry. How can an individual figure the value of such coins when you can make out the dates etc but that darn hole disfigures the coin. The price on the coin protector is what my dad paid for it, but I have a feeling he paid way too much! Thanks Gussyboy1  |
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Bedrock of the Community
United States
12437 Posts |
I just picked up a holed 20c piece a few days ago at my local shop's bid board, that can be a tough one to find with a hole and the price was right at $15. I eventually plan to start a 7070 holed type set after I obtain the last few coins for my primary type set.
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Pillar of the Community
United States
4337 Posts |
I guess I can't stop showing my one and only holed coin since it's a thousand dollars problem free but went for $23 on ebay summer of 2012...I still can't believe what' I paid for an UNC bust coin I enjoyed the OPs theory better than the factual nature of why coins were holed. I suspect mine was jewelry for a rich guys gal https://goccf.com/t/124643&SearchTerms=1834 |
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Valued Member
United States
301 Posts |
I metal detect alot ( helps aquire alot of silver weight) and have found quite a few holed Barber dimes and so have other members of our forum. Also alot of mods/engravings on the barbers. I think it was easier to smooth and engrave the reverso on those and Seated dimes..... |
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Bedrock of the Community
Australia
21788 Posts |
It is very easy to find small 19th century U.S. silver, up to dime size that is holed, or holed and plugged.
They are always disappointing to own, but I keep them anyway. I usually get them from dealers' $5 or $10 junk boxes.
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Pillar of the Community
United States
4409 Posts |
I have a holed Seated quarter somewhere in a 2x2 holder. Mom and I went to an auction over 10 years ago. It was in a lot with 2 1875-S 20 cent pieces. I can't remember what we paid for the lot but it wasn't very much. -MV |
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Pillar of the Community
United States
865 Posts |
I feel like holed coins were mainly used for jewelry. It would take a lot of hole punching to get a good amount of silver. I think if people just wanted it for the silver content, they would have just melted the whole coin.
I have quite a few holed coins in my collection. It's a good way to get expensive coins on the cheap.
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Replies: 10 / Views: 2,644 |
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Posted 03/26/2014 9:07 pm
