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 Replies: 32 / Views: 4,121 |
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Bedrock of the Community
United States
11951 Posts |
IMO .... some collectors do not want anything to do with details coins. Some don't mind if the price is right. Numismedia list a 1871 IHC at $76 From my experience of working in coin shops, we would put this coin in the case, priced about two grades back. Which would put this coin in the low 200's. And then be willing to come down further. I think $75 was a good buy. More so when you want to fill a empty hole for less money. |
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Bedrock of the Community
United States
94367 Posts |
I'm sure you're right. Hard to believe a collector would pay much of anything for this, but...I'm sure you're right.  |
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New Member
 Canada
25 Posts |
GR58 your thoughts are exactly my thoughts about my interest in that coin ! If it hadn't of been for the actual condition of the coin, disregarding the damage, and the fact that it is one of the more rarer / sought after coins in the Indian Heads I would not have bothered buying it ! In this game you have to use some kind of rational, some sort of reasoning to play it, in my mind it is not always cut and dried !
Edited by 19Larry47
01/19/2018 10:04 pm
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New Member
Canada
25 Posts |
As well no one has tried to answer my question as to how these marks may have been made being so perfect and clean ! Has any one seen or had a similar experience ?
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Pillar of the Community
United States
1372 Posts |
That should be the poster child for "Crimes against Numismatics". There were probably a thousand other things in the room to try out a center punch on.
Chance
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New Member
Canada
25 Posts |
Coinfrog as you know there are various levels of collectors of any type, some are very particular, perfectionists if you will while others aren't they just like to enjoy the hobby and find / collect the best that they can of the highest grade for the best price ! Like it or not it is an 1871 Indian Head, 3.9 million were minted with probably less than 10% left in this world, why would some one pass one up if the price is right, even if it has been damaged but not mangled like some I have seen, the main details are still very clear ? Just my opinion and the way I see things and the way I collect sometimes !
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Moderator
 United States
34428 Posts |
Quote:
how these marks may have been made being so perfect and clean @19L47, it really is anyone's guess, but based on the flattening present on the back side of the divots and the "smushed" metal surrounding them, it looks to me like someone hit a sharp object against the surface of this coin approximately seven times. It could have been a nail; it could have been a punch; it could have been almost anything relatively sharp and harder than the copper flan. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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New Member
Canada
25 Posts |
Chance I agree completely but I am not sure it was something like a punch ! There should be some sort of compression in the planchet material in the bottom of each hole caused by the force of the punch but the holes are nice and clean and smooth right to the bottom of the hole ! Is it possible that holes were in the raw planchet before the coin was struck as even the coin details aren't distorted like there would be if it was damaged at some point after the striking ! Do you think ?
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Pillar of the Community
United States
1372 Posts |
There is damage on the opposite side of each punched area. The left side of the lower reverse is bulged significantly, exactly opposite the worst damage to the obverse. You can also see raised parts by the punch marks, so I'd say definitely PMD and from a center punch. Chance |
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New Member
Canada
25 Posts |
Chance thanks for the answer, you are probably right ! What a shame !
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Moderator
United States
189340 Posts |
Quote:
IMO .... some collectors do not want anything to do with details coins.
Some don't mind if the price is right. I would not mind details if the overall eye appeal is still very good. |
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New Member
Canada
25 Posts |
jbuck I even have a small collection of old US and Canadian coins in high grades that have been holed or stamped ! You would be suprised what knd of prices / values they still have ! Times they are a changin, as a great artist once sang, and many collectors are as well and not just in coins !
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New Member
Canada
25 Posts |
I may post a few more of the rarer, harder to find coins that I have acquired at very low prices because they have some sort of damage but are still at a pretty good grade ! Not because I needed them but because they are scarce and should still be kept / appreciated for that reason ! Thats the way I see it, my personal thoughts that go against the grain for most coin collectors !
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New Member
Canada
25 Posts |
Actually I am surprised there isn't a seperate section on this site for people who do collect these great but mainly unwanted, looked down upon coins but are still highly sought after by many !
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Pillar of the Community
United States
8518 Posts |
My first thought was a punch. People do weird things to coins. I did a nearly complete collection of holed Indian Head cents and flying Eagles. Just need a 08-s and 09-s. Oregon coin geek.....*** GO BEAVS ! ! ! ***
Edited by 52Raymo
01/20/2018 11:23 am
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Replies: 32 / Views: 4,121 |
First Page
Posted 01/19/2018 9:22 pm
