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 Replies: 12 / Views: 1,586 |
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Valued Member
United States
54 Posts |
I got this in a roll today and it's now my oldest coin, but it has a rather large pit at the top. How much does this hurt value?  |
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Pillar of the Community
United States
6370 Posts |
Rather significantly, unfortunately.
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Pillar of the Community
United States
1695 Posts |
I would be thrilled to find that in a bank roll for $0.01!
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Pillar of the Community
United States
2200 Posts |
When you said "pit," I thought it was a bit of environmental damage that had caused pitting. This, though, is a full-out hole.
It may have been done to create a piece of jewelry, like a necklace. From a numismatic standpoint, the coin--which may have been worth about $15 without the hole--has been brought down to basically being worth $0.01. Most coin collectors want their coins looking as nice as possible for the price they pay, and a hole is about the worst defect around--at any price. Still, if you can find someone who needs a filler of that date (which is not rare) for their collection, they may give you a buck or two.
Edited by jpsned
07/28/2016 10:11 pm
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Pillar of the Community
United States
8516 Posts |
There are collectors of holed cents. It will sell for far more than a penny, I assure you.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
 United States
54 Posts |
The pic is misleading as it's not a hole. It's a decent divot bUT just partially into the coin.
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Pillar of the Community
Canada
5239 Posts |
Although it does not go all the way through the coin, it is still a hole (like the hole in a golf course does not go to the other side of the earth); somebody started drilling into the coin, and as far as value is concerned it is only marginally better than if the hole went all the way through. Still, it has some value as a filler.
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Pillar of the Community
United States
5845 Posts |
On the other hand, it is the first year of mintage and there's a separate hole for this coin in the standard 7070 "U.S. Type" album, so I bet somebody would pay much more than $0.01 for it as a decent hole-filler. t least a couple of bucks, I would imagine.
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Pillar of the Community
United States
1450 Posts |
I know a guy who has a Saint-Gaudens $20 piece that was made into a watch. I had to tell him that he has a potential $2000 coin that has been ruined since it was hollowed out to make the watch. I would much rather have the unaltered gold piece.
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Valued Member
United States
282 Posts |
Quote:
Although it does not go all the way through the coin, it is still a hole (like the hole in a golf course does not go to the other side of the earth); somebody started drilling into the coin, and as far as value is concerned it is only marginally better than if the hole went all the way through. Still, it has some value as a filler. I would think that not going all the way through is actually marginally better than marginally better since he can always put it in the album reverse up. Can't do that if it goes all the way through. |
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Valued Member
United States
54 Posts |
The reverse is much more worn and for now, I'll be keeping it since I'm just starting out and have never had this coin before. Until I get a better example, it'll be in my little collection haha.
I appreciate the replies, as always, and I'm happy for the help and suggestions.
Honestly, I was just excited to see the year come up in an "unsearched" roll.
Edited by 21Maverick21
07/29/2016 11:44 am
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Valued Member
United States
282 Posts |
Quote:
Honestly, I was just excited to see the year come up in an "unsearched" roll. Yeah, the person who "unsearched" it must have missed this one.  |
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Pillar of the Community
 United States
3058 Posts |
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Replies: 12 / Views: 1,586 |
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Posted 07/28/2016 9:47 pm
