How Does PMD (Hole Punch) Affect Grading?

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Author	Replies: 7 / Views: 1,615
Canadianpennyman Valued Member Canada 55 Posts	Posted 06/03/2021 10:57 pm How does post-mint-damage like a small hole punch affect grading of a coin? For example, if the coin would be VF grade but has a hole in it, does it still get a grade? Or is it essentially worthless? For example, I have an 1890 Large Cent that would be in F condition (which looks like it would sell for about $15) but has a hole punch. Is it worth $0? Report this Post to the Staff

DBM Pillar of the Community Canada 9863 Posts	Posted 06/04/2021 01:29 am A grade is not a price tag. Some, like myself, would consider a holed coin ungradable. That does not necessarily mean it has no value. "Dipping" is not considered cleaning... -from PCGS website Report this Post to the Staff
John77 Pillar of the Community United States 2910 Posts	Posted 06/04/2021 03:51 am It's not completely worthless, but it does hurt the value a ton. Probably worth about a quarter of what an undamaged coin would be worth. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets! Report this Post to the Staff
okiecoiner Pillar of the Community Canada 5585 Posts	Posted 06/04/2021 06:26 am It is, essentially, worthless from a collecting standpoint. But it may just nice to keep as an oddity For your 1890, I'd think that it would be in a dealer's $1 junk bucket or maybe 6/7 for $10. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 06/04/2021 08:46 am Agree value would only be a fraction of an undamaged coin, but the size of that fraction would probably depend on its rarity. Report this Post to the Staff
SPP-Ottawa Moderator Canada 10456 Posts	Posted 06/04/2021 11:29 am As an example, this is a scarce coin in any decent grade. I sold it for 20% of what trend value would be for a normal coin of the same grade. "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US My eBay store Report this Post to the Staff
purelywasted Pillar of the Community Canada 1505 Posts	Posted 06/04/2021 11:57 am I find things like that make a nice hole filler, pardon the pun. Basically an expensive coin you won't get around to filling/low importance to fill a set, but still want to complete. I just did this with a couple silver dollar varities, was not on my radar to purchase, but picked up some cleaned dollars in a bulk purchase. Some of my Vicki's are pretty rough as well, but filled a few holes. In short, I would not call them worthless for collecting, as the completionist in me likes to have the spaces filled. SPP'S 1875 5 CENT is a prime example, at 20%, I would consider purchasing to fill the spot and resell to someone else at a later date. Report this Post to the Staff
SPP-Ottawa Moderator Canada 10456 Posts	Posted 06/04/2021 1:44 pm Error coins with holes tend to be much more painful... and they are irreplaceable. Imagine the value of this one, without the hole... https://www.icollector.com/50-CENTS...ed_i19827645 Here is another one I handled... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US My eBay store Report this Post to the Staff
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