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 Replies: 14 / Views: 2,139 |
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Pillar of the Community
Canada
1505 Posts |
Poll Question
the question is simple:
by how much would you discount a very rare and scarce Canadian coin with a HOLE?
please think carefully about it as this might be your only chance to fill that hole.!
lets assume, for example:
1948 dollar
or
1872 10 cent,
1872H obv 1 quarter,
1870 obv 2 quarter
1985 NZ Mule
etc, etc,
you get the drift.
Edited by 47P7
11/27/2014 10:48 pm
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Pillar of the Community
United States
1192 Posts |
Problem coins or clean coins I won't go under 75% for a comparable grade.
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Pillar of the Community
 Canada
5394 Posts |
depends on what it is and what it would cost to repair....................and then what I could sell it for. One thing for sure I would never personally keep a holed coin except for reference purposes.
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Pillar of the Community
Canada
3049 Posts |
I had the opportuntiy to buy a '48 dollar that had a hole and it was professionally filled... and I had to pass...
I personally just don't like holed coins... especially when they're the showcase piece... I would much rather have the hole in the collection than the hole in the coin..
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Pillar of the Community
Canada
5417 Posts |
I agree with the comments so far. I would only buy a holed coin if I could flip it. I would never buy it for my personal collection. Some of the coins mentioned above aren't so rare (I recently bough a 1872-H AU-58 10C). If I was, dealing with maybe a high-end rarity like a 1889 10 Cent or 1870 No LCW half dollar in say... EF I would settle for a banged up coins (scratches, harsh cleaning, rim dents) but never a holed one. If I had to vote in your poll, I'd grundgingly say 30%. If I every progressed into the spectrum of ultra-rare coins (1-5 known) I would then perhaps be able to settle for a holed coin.
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Bedrock of the Community
Australia
21786 Posts |
On the English market severely damaged coins, such as those with holes, are almost worthless irrespective of their rarity. I suspect that the North American market treats them at auction with a little more sympathy. Nevertheless in most cases, it is impossible the get such coins TPG'ed, and that makes them harder to sell. I eventually got rid of such coins out of my collection because I felt so dissapointed by them. Example: a VF Roman gold aureus of Claudius IMPER RECEPT reverse, with an ancient banker's test cut across the head of the Emperor, sold for $1,300. Without such damage, it would have sold for at least $15,000. That is why I got it cheap in the first place, but my dissapointment gradually grew. |
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Bedrock of the Community
Australia
21786 Posts |
Repairs to most coins are sufficiently obvious enough to have no bearing on the potential to increase their value.
They may look better, but that is all.
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Pillar of the Community
Canada
5394 Posts |
There is an old dealers saying "It was a problem when I bought it and an even bigger problem to sell it". I am with SEL on this one.
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Pillar of the Community
United States
840 Posts |
The size and placement of the hole must be considered, along with
the rarity of the coin. The more rare the coin, the more forgiving
the damage. If someone were to drill a small hole in a certified MS
1936 dot cent, I dare say it would retain at least 75% of its original
value. Whereas the same hole in a readily obtainable,yet pricy 1948
Dollar would decrease the value by at least 2/3's.
And, a hole in some coins such as the 'Holey dollar,' and the North West
Company token are recognized by having a hole and both command full
value.
doug
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Pillar of the Community
Canada
532 Posts |
To each their own, I wouldn't offer more than a quarter of it's value undamaged. As already said, "better a hole in the collection"
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Moderator
Canada
10456 Posts |
I got 30% for this one, and was happy to get rid of it...   "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
3234 Posts |
darn it SPP..you know I'm good with coins ...  ...Birks has been making overtures to me... Look how my avatar turned out...  . . Edited by DEVLEC
11/28/2014 2:19 pm
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Pillar of the Community
 Canada
1505 Posts |
SPP, did you get 30% of trends or 30% of your original purchase price?
I guess it all depends HOW one buys.
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Pillar of the Community
Canada
2425 Posts |
I try to avoid holed coins.
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Valued Member
Canada
403 Posts |
I too would rather a hole in the collection than a hole in the coin
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Replies: 14 / Views: 2,139 |
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Posted 11/27/2014 10:47 pm
