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 Replies: 18 / Views: 2,664 |
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New Member
United States
1 Posts |
I joined this site because I wanted to understand this. How could this happen?  |
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Pillar of the Community
United States
797 Posts |
Counterstamped outside of the mint. Some people collect these, but overall, they are damaged after minting.
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Moderator
 United States
14463 Posts |
That counterstamp was probably put there when Ron Paul was running for the Presidency in 2012. Other than as a novelty, it is considered a damage coin now.
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Pillar of the Community
Canada
4911 Posts |
Quote:
How could this happen?
this was caused by some one with a punch stamping the nickel, this is technically damage which in most cases destroys all if any numismatic (collector value) although in this case the regular coin would be worth 5 cents but in this case the stamp made the coin worth a couple dollars as a curiosity. Feel free to call me Will.
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Pillar of the Community
United States
1781 Posts |
It's a neat find. Cointerstamps can exceed the value of the host coin many times over. Google: mel wacks counterstamp. Folks collect these. I like your find!
Edited by koinpro
05/11/2015 01:41 am
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Pillar of the Community
United States
4692 Posts |
Nothing special. No value over 5 cents. Spend it and let your LCS get calls.
Edited by jimbucks
05/11/2015 01:47 am
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Moderator
United States
56855 Posts |
 to CCF. It is a counterstamped coin that most collectors consider PMD. There are some folks who do collect them. John1  |
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Pillar of the Community
Canada
4227 Posts |
Edited by chequer
05/11/2015 09:04 am
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Pillar of the Community
United States
7390 Posts |
I would think there are some coin guys out there who like ron Paul and would pay a premium for a counterstamp like that imo
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Pillar of the Community
United States
740 Posts |
It's also a historical coin. Value may come out of it in later years?
I think it is a pretty cool find. It's a shame the year on the coin is not 1988, 2008, or 2012.
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Bedrock of the Community
Australia
21788 Posts |
Interesting and collectible, but no more than face value, unfortunately. I have a few post Mint privately counterstamped coins.
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Bedrock of the Community
United States
62064 Posts |
I would like to see the reverse. It is probably flattened in that area opposite the counterstamp. But it would be more creative if it had a different one on the reverse that were done at the same time. It would be a cheap way of advertising.
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Pillar of the Community
United States
1781 Posts |
I'd be a buyer for something like this today at around $2. I'm sure there are others that would pay more. A most appropriate coin for a political ad considering Ron Paul and Jefferson where both "Hard Money" men.
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Pillar of the Community
United States
740 Posts |
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Bedrock of the Community
United States
17884 Posts |
Quote:
But it would be more creative if it had a different one on the reverse that were done at the same time. It would be a cheap way of advertising. Unfortunately for the advertiser also illegal. |
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Pillar of the Community
United States
1781 Posts |
Conder101, It is only illegal if there is an intent to circulate the coin as money. There is really no proof of this and all considered, (Jefferson and Paul both being hard money men), I doubt there ever was such an intent. It looks like a souvenir from a rally. The bottom line is the government would have to show proof of intent. I doubt they could.
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Replies: 18 / Views: 2,664 |
Posted 05/11/2015 12:13 am
