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 Replies: 18 / Views: 2,055 |
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Pillar of the Community
United States
628 Posts |
Does a method exist to "grade" or at least place a value on coins with holes bored through them, etc.
Would any gold dollar, for example, with a hole punched in it, be worth half it's undamaged value?
Where can I find info on this?
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Moderator
 United States
6563 Posts |
In almost all cases...a hole punched into a coin can take all numismatic value out of a coin. However if it's an older coin some people just don't care and they still are collectable
got pics?
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Pillar of the Community
 United States
628 Posts |
I bought a 1/4 dollar california gold, complete with hole, for $20 today. I appears to be authentic, tiny little bugger, I found several just like it online. I'm taking it to a coin show Saturday, day after tomorrow, for some hands-on appraisals/opinions.
I really do need to get a camera. I'm working on it. I'm missing out on a lot of expert knowledge on this forum. Thanks for the input.
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Pillar of the Community
United States
628 Posts |
Is it all seat-of-the-pants when considering coins with holes, rim dings, graffiti, etc?
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Moderator
United States
6563 Posts |
doesn't have a bear on it by chance does it?  Gimmie a description with relations to placement of the date, the wreath/beaded circle and whether or not CAL is on the coin |
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Bedrock of the Community
United States
12437 Posts |
The biggest factor in determining the value of a damaged coin is "how bad and unappealing is the damage?" It tends to be a very subjective matter based upon ones tastes. At least with gold and silver, you still have melt value, anything over that is gravy |
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Pillar of the Community
United States
3234 Posts |
Basically, there's no point in grading a damaged coin unless it's very rare and even then it can be very difficult to properly value.
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Moderator
United States
6563 Posts |
speaking of which Prethen...I have a holed 3 cent silver with your name on it |
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Pillar of the Community
United States
3234 Posts |
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Moderator
United States
6563 Posts |
No idea  |
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Pillar of the Community
United States
628 Posts |
It's an 1871 BG-864. I'm not familiar with BG, need to look it up.
Obverse liberty head, a bit crude, with large nose, looks like the letter H beneath, date at the bottom
reverse has 1/4 dollar cal, each on top of the other, surrounded by wreaths.
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Moderator
 Australia
16808 Posts |
Here's my only example of the precise negative value of a hole. I bought this coin some years ago at a coin show. One dealer at the show happened to have two examples of an 1831 silver Georgian 2 abazi coin for sale. This one:  ...and an otherwise identical specimen, only without the hole. Having already spent most of my money on other coins, I opted for the cheaper, holed one. This one was for sale for $25; the same dealer was asking $75 for the unholed specimen - so that hole was worth negative $50. At the time, it's bullion value was less than $1. Converting that value difference to a grade difference, it took a coin graded around gVF to EF and downgraded it to below the VG catalogue value. And this is a relatively small, almost unnoticeable hole on a quarter-sized silver coin. On a tiny gold coin, any hole will look huge, and will likely drop all but the scarcest coins all the way back to near bullion value. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
533 Posts |
well, as long as it weighs more then .6 grams you came out ahead, and this is only considering melt value. Assuming gold is $950/oz $20 will buy you .021 oz of gold, or .597 grams.
But now that I look at some pics of it that sucker can't weigh much... Tiny little booger huh.
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Pillar of the Community
United States
1934 Posts |
If you compare the price of this coin undamaged to the possible relative pittance (someone said $50-$75) you may get an idea of what damaging a coin does to its value as, before it was damaged, it was in XF to AU condtion. 1855 $1 gold piece. $500-$600. Image:  1855obv.jpg66.93 KB Image: 1855rev.jpg65.94 KB |
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Pillar of the Community
United States
628 Posts |
It is TINY. Itty-Bitty.
Cool though.
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Valued Member
United States
231 Posts |
I bid on an 1800 Draped Bust Dollar last night on ebay with a hole right through the date. It ended up selling for $418.00. That is over half of the grey sheet bid for a problem free good. |
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Replies: 18 / Views: 2,055 |
Posted 02/28/2008 8:29 pm
1855obv.jpg
1855rev.jpg
