1803 Damaged Draped Bust Dollar - Thoughts?

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Author	Replies: 6 / Views: 1,327
Jolteon1698 Valued Member United States 384 Posts	Posted 10/04/2016 06:58 am I came across this draped bust dollar with damage. it is a beautiful coin otherwise, just the last digit removed is the issue. What would you all say about value of this coin? Thoughts? Report this Post to the Staff

BH1964 Bedrock of the Community United States 10982 Posts	Posted 10/04/2016 07:47 am Somebody thought it was worth $660 just four years ago. http://www.greatcollections.com/Coi...F-12-Details The coin market was stronger in 2012 than it is now so repeating that auction result would be tough IMO. Personally I wouldn't pay $500 for it. Maybe $400 tops. It is considered severely damaged by the numismatic community. ANA #R3154474 Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 10/04/2016 07:53 am Unless you are severely limited on your budget purchasing a badly damaged coin is almost always an error. For myself, it would have to be stupid cheap for me to consider it. Remember that when collectors are searching for a coin a large percentage eliminate damaged detail coins immediately. Thus, resale is also limited to a much smaller percentage of potential purchasers. Report this Post to the Staff
Jolteon1698 Valued Member United States 384 Posts	Posted 10/04/2016 12:04 pm Sold for $600 Report this Post to the Staff
Pistareen Valued Member United States 309 Posts	Posted 10/04/2016 12:38 pm This looks like an old attempt to change the date to 1804 where the applied "4" fell off. It is badly done and would have fooled no one due to the tooling at the date. You could have a jeweller try again and carry it as a pocket piece. It holds a small fraction of what an undamaged coin would bring, but still has some value to a type collector. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 10/04/2016 4:36 pm I suppose so, but... Report this Post to the Staff
Saruma Pillar of the Community United States 968 Posts	Posted 10/07/2016 11:05 pm I guess it selling means someone really wanted it. But to me a coin with those problems in that price range is hard to understand, simply because if you can afford to spend $600 on a coin, why that one? I could see coins with lots of problems finding buyers in the $100 or less range as people with very limited budgets would overlook the problems simply to get certain coins in any shape. Report this Post to the Staff
	Replies: 6 / Views: 1,327

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