Plugged Coin Value? - Coin Community Forum

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Author	Replies: 6 / Views: 1,413
Jim1953 Pillar of the Community United States 2600 Posts	Posted 08/11/2007 8:09 pm Went to an auction today with some very high quality coins. One of which was a 1832 Bust Half in AU condition that had been plugged. My question is how do you put a value on this type of coin. Obviously it is not worth it's full value, but how much would you try and discount it? And, no I did not buy it. It went for $110 with buyers premium. Jim Report this Post to the Staff

Benji Valued Member United States 459 Posts	Posted 08/11/2007 8:22 pm It depends on how well the plug job was done? $110 seems a bit high for any problem 1832. Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 08/11/2007 8:25 pm Those were my thought, Benji. Jim Report this Post to the Staff
t360 Pillar of the Community United States 2703 Posts	Posted 08/11/2007 8:26 pm It depends somewhat on how distracting it is. As a general rule, I don't like plugged coins at all and pass on them. IMHO, as a damaged and repaired coin it loses >70% of its value and has little chance to appreciate in value (hole filler). So I am pretty harsh. Report this Post to the Staff
Ralph Pillar of the Community United States 1582 Posts	Posted 08/12/2007 11:36 am I'm sure you've heard the old expression "NOT WORTH A PLUGGED NICKEL"..... Report this Post to the Staff
Susanlynn9 Forum Mom United States 5877 Posts	Posted 08/12/2007 12:50 pm I have to say that it depends on how well the plugging was done. How distracting is it? What do the rest of the details look like? The other thing to consider is that, if it has a hole, it was probably used as jewelry or something similar and has probably been cleaned as well. I would deduct at least 50% of book value for a plugged coin, possibly more depending upon the overall appearance of the coin. Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 08/12/2007 8:20 pm Thx , guys. My gut feel was the same as yours. Man, though, it was a beaut except for the plug. Jim Report this Post to the Staff
	Replies: 6 / Views: 1,413

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