I Never Mess With 3RD World Slabbers, But

So why does a counterstamp that basically nulls any numismatic value sell for $437?

To my knowledge there is no real way to determine when or why it was counterstamped. It could have been done last year in a kids basement that slabbed it as NNC. I am just lost as to how one determines a value of an item like that...at such a high price too. It's kinda along the lines of pricing counterfeits. There is a market but it sure is an odd one

<<BTW CCya,

is that an Andrew Johnson Inauguration medal? Itsa beaut>>

Only info available; Below is a direct quote from another collector;
They're not inauguration medals. Brichaut was born after the earliest medals are "dated". They seem to have been produced all at the same time.

"They come in white metal, copper (brass? bronze?) and silver versions. Stack's sold a pair of William Henry Harrison pieces, where they said, "From Belgian medalist Auguste Brichaut's series honoring U.S. Presidents from Washington through Hayes, a somewhat mysterious set whose individual medals are seldom encountered today."

Early American sold a larger group of them (8 pieces?) a year or two ago, and had even less to say about the origin of the set".

I know that there is a larger group out there that collects counter stamped coins. I agree with - Collect what interests you. I also agree with - could have been stamped at any time. But I'm certain that collectors have reference materials that can be used to lessen the occurrence of purchasing recent counter stamped items?

Good find CCya