How Much Does Damage Affect The Value Of A Coin, And How Much Is Too Much?

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Author	Replies: 5 / Views: 1,656
JaseMcNotty New Member Ireland 17 Posts	Posted 03/23/2019 11:12 am Found this listed on ebay the other day. It looks like it's been there for a while as it's been relisted at least once. https://www.ebay.co.uk/itm/1836-HAL...382834840904 If it's real, then I think it's a 1836 Half Sovereign with the obverse using the sixpence die. Very rare. Marsh has a guide price of £12,500 in EF/VF. My question would be how much value is lost due to not only the grade, but also the damage? That would depend on the market for damaged coins of course. Is there a growing market for them? Maybe there are collectors who wouldn't feel like shelling out 12k+ for a rare coin but would be happy to have an imperfect piece of history for a lot less. I can relate to that. For me personally, this one is just a bit too damaged.. makes my eyes water just looking at it tbh, and I know it would an itch I couldn't scratch if I paid anything like what the seller is asking for it; but that's subjective. Does anyone have experience with damaged coins, maybe a secret love affair with those poor mistreated examples we see from time to time? Report this Post to the Staff

peter1234 Pillar of the Community United Kingdom 1351 Posts	Posted 03/23/2019 11:56 am Regardless of rarity I couldn't live with it. A quandary if you are a date collector. Impossible to value. As it has been relisted the seller needs to drop his price to get a bite and maybe attract a couple of bids. Report this Post to the Staff
JaseMcNotty New Member Ireland 17 Posts	Posted 03/23/2019 12:11 pm The reverse is worse too. I wonder if the seller listed it as a sixpence obverse die, would he get any interest at the current price. I almost missed it, assuming I'm right ofc. The only reason I looked closely at the pics seeing the "crazy sounding" price, was a curiosity about how wrecked it was. Report this Post to the Staff
Hogarth Pillar of the Community United Kingdom 735 Posts	Posted 03/24/2019 08:24 am I'm with Peter here. For most of us who collect aesthetics play a significant role. However scarce it may have been back whenever, that coin is now bullion. Report this Post to the Staff
Sap Moderator Australia 16842 Posts	Posted 03/24/2019 11:24 pm For rare coins which were frequently mounted, the mount (or removed-mount damage) has a negative impact on the value, but does not immediately clasify the coin as "junk". The classic example of this has to be the Boer Republic's "veld pond", struck in South Africa while the Boers were on the run during the second Boer War. The mintage was very small (under a thousand), the artwork wasn't all that great to start with, and it's estimated that about half of them were turned into war trophies by British soldiers or Boer veterans after war's end. Never-mounted coins are probably worth twice as much as mounted coins, but both are worth far more than 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 Report this Post to the Staff
Mr T Pillar of the Community Australia 2180 Posts	Posted 03/30/2019 9:00 pm Yeah I couldn't live with it either - I'd prefer an undamaged but extremely well used example. Report this Post to the Staff
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