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Holed Coin Question

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mwm9214's Avatar
United States
17 Posts
 Posted 06/30/2014  1:58 pm Show Profile   Bookmark this topic Add mwm9214 to your friends list Get a Link to this Message Number of Subscribers
I came across an 1860 3cs today that had five holes in it. I have found explanations online for one or two holes but not five. There is a hole at each of the four cardinal directions and one in the center. The explanation the coin owner gave me was that in that time period someone would line up the holes with landmarks and figure out where they were. Has anyone else heard this before? Or maybe another explanation. Also how negatively would this affect the value?
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shadowtrooper78's Avatar
United States
1370 Posts
 Posted 06/30/2014  2:29 pm  Show Profile   Bookmark this reply Add shadowtrooper78 to your friends list Get a Link to this Reply
I can't really comment on the reason why that would be done....however I tend to value holed coins (unless they are key dates) not much more than melt.
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 06/30/2014  2:56 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
They did have the coin with the holes in it on "The Goonies" that was used as a 'map'

Who knows if anyone ever actually did that
Edited by ASLAN TVorlon
06/30/2014 2:56 pm
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ExoGuy's Avatar
United States
4416 Posts
 Posted 06/30/2014  3:08 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Welcome to the CCF, mwm9214. I've seen a lot of exonumia in my days but never before a trime with so many holes! Can you post a pic? Are they in some geometric arrangement?

Perhaps, it was used as a pattern of sorts by a jeweler or some other artisan? I doubt that someone would willy-nilly drill so many holes in such a small coin without having some specific purpose in mind. Nowadays, it's relegated to being an on-the-cheap "hole-filler" for a budding numismatist.
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aiglet7's Avatar
Canada
695 Posts
 Posted 06/30/2014  3:19 pm  Show Profile   Bookmark this reply Add aiglet7 to your friends list Get a Link to this Reply
Perhaps you have already found this site but, if not, you will find some interesting ideas as to why holes were drilled in coins:-

http://www.treasurenet.com/forums/c...s-coins.html
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ExoGuy's Avatar
United States
4416 Posts
 Posted 06/30/2014  3:36 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Interesting thread, aiglet7. Thanks for posting. Some of the holey causes are logical, but others seem whimsical. Then too, many a hole was probably made for no reason at all.

Superstition, involving the nailing of a holed coin, usually a copper, seems to date back many years. There's at least one such thread about such "witch" coins on the CCF.
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mwm9214's Avatar
United States
17 Posts
 Posted 06/30/2014  3:40 pm  Show Profile   Bookmark this reply Add mwm9214 to your friends list Get a Link to this Reply
Here are some pictures of said coin.



Holed-Coin-Question

Holed-Coin-Question
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allranger's Avatar
United States
1391 Posts
 Posted 06/30/2014  3:43 pm  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply
aiglet7: There are people with many interesting ideas on that forum. I'd take most of it with a large dose of skepticism. If you want to have some fun, post a picture of any old rock in the treasure hunting part of the forum and see what people say.
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cipster's Avatar
United States
2362 Posts
 Posted 06/30/2014  5:50 pm  Show Profile   Bookmark this reply Add cipster to your friends list Get a Link to this Reply
mwm9214

CCF is a great forum and the members are a diverse group. Some like myself aren't collectors of holed coins and would only pay melt. However we have an active group of collectors of holed coins. Often the value gets down to the historical significance or rarity of the holed coin. As others indicated many holed coins were mindlessly mutilated for no reason.
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