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 Replies: 14 / Views: 1,688 |
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Pillar of the Community
United States
2200 Posts |
I asked the teller for any dollar coins she might have, and she produced this:   Never seen an Ike in such rough shape. It was only through a lot of effort that I was able to see that it's a 1971. This begs the question: Aren't banks supposed to remove damaged coins like this from circulation? |
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Pillar of the Community
United States
3463 Posts |
The 70's were rough on a lot of us.
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Moderator
 United States
56855 Posts |
That one is in such ruff condition I think it's only worth 99 cents  John1  Edited by John1
08/23/2016 04:34 am
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Bedrock of the Community
United States
11951 Posts |
I remember nights like that ..  |
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Bedrock of the Community
Australia
21786 Posts |
I have seen a lot of British One Pound counterfeit coins in much the same condition.
In this case, probably road kill or similar.
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Rest in Peace
United States
18456 Posts |
Maybe jbuck will be interested in that exception piece .  |
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Moderator
United States
188052 Posts |
 Poor guy.  |
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Bedrock of the Community
United States
17884 Posts |
Quote:
This begs the question: Aren't banks supposed to remove damaged coins like this from circulation? In theory yes, in actual practice they rarely do. Instead they just tend to refuse to accept them. The treasury does have a program for removing mutilated coins and reimbursing people for them, but that is shut down at the moment while they restructure it. It seems some Chinese businessmen were using it to get "reimbursement" for many millions of dollars worth of "mutilated" counterfeit half dollars.(By some accounts they get reimbursed for more half dollars than the mint ever made.) |
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Pillar of the Community
United States
4932 Posts |
They are supposed to, and ship coins off marked as "mutilated" as one bank teller once told me when I cashed in some detector finds.
Regardless, I'd keep it....
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Pillar of the Community
 United States
2200 Posts |
Yeah, I'm keeping it if for no other reason than it's unique.
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Bedrock of the Community
 United States
12817 Posts |
Would that even count as a low ball or is there just too much damage that's not from normal circulation?
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Valued Member
United States
75 Posts |
A pocket piece on steroids!
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Moderator
United States
188052 Posts |
Quote:
Yeah, I'm keeping it if for no other reason than it's unique. Evey Ike deserves some love.  |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Would that even count as a low ball or is there just too much damage that's not from normal circulation? No, generally in order to be considered a "true " lowball it has to be "slabbable" as problem free and that one wouldn't be. |
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Bedrock of the Community
United States
94367 Posts |
Correct. Anyway, it's not the sort of Ike you see everyday!
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Replies: 14 / Views: 1,688 |
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Posted 08/23/2016 04:34 am
