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1806 Draped Bust Quarter USA With Countermark

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Valued Member

Sweden
171 Posts
 Posted 11/15/2021  6:15 pm Show Profile   Bookmark this topic Add Anzelmas to your friends list Get a Link to this Message Number of Subscribers
Hi, m8s!

I have read somewhere that old American coins with countermarks are considered as damaged and lose value. Is it true?
Another question is what does this countermark mean and who used it? And if somebody can say the approximate value of this coin, it will be great.
Thanks in advance!

1806-Draped-Bust-Quarter-USA-With-Countermark
1806-Draped-Bust-Quarter-USA-With-Countermark
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Coinfrog's Avatar
United States
94367 Posts
 Posted 11/15/2021  7:00 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Someone may have input on this mark. It is generally true that counterstamps will diminish the value of early US coins.



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Spence's Avatar
United States
34393 Posts
 Posted 11/15/2021  7:11 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
@anz, in the specific case of your coin, the countermark (AKA counterstamp) is THB. This seems to be a so-called "maveric" counterstamp. I know I can't help you with who had these initials, but maybe someone else can. Having a possible ID could add to the value for your coin.
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mrwhatisit's Avatar
United States
2951 Posts
 Posted 11/15/2021  7:28 pm  Show Profile   Bookmark this reply Add mrwhatisit to your friends list Get a Link to this Reply
Yes, these coins are definitely considered damaged, but this kind of damage 'counterstamping' might in some instances increase value especially if the marking can be traced to some important merchant or other important business from back in the day. I looked at my guide book to United States Tokens by Russell Rulau and nothing came up regarding the THB, most likely initials which some can be traced, others not so easily. As to value, it could be anywhere, but on a very old quarter it would be worth quite a bit in my eyes, at least the average going value of a net G-4 grade.
I hope this helps some .
Haha, Spence and the Frog beat me to it since I was typing, but with Spence that this is a maverick cstp which I said above is most likely someone's name initials.
Edited by mrwhatisit
11/15/2021 7:33 pm
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sel_69l's Avatar
Australia
21786 Posts
 Posted 11/15/2021  11:16 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Considering the rather poor condition of this coin,
if it can be established that the counter mark has some relevance to contemporary history of the coin, it may well add some numismatic value.
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ExoGuy's Avatar
United States
4415 Posts
 Posted 11/16/2021  5:57 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
@ Anzelmas .... Having seriously collected counterstamped coins for forty years, I'd estimate the auction value of your piece to fall in the $100 to $150 range. It looks to be a maverick as stated. IF the issuer can be identified, the value could realize double or more.

The large THB stamping reminds me of early gunsmith inspector marks. BUT that's simply one of many possibilities. The large size of the letters is such that a blacksmith might employ; this, as opposed to the small sized letters that a watchmaker or silversmith would typically use.


Quote:
It is generally true that counterstamps will diminish the value of early US coins.


I beg to differ with this often uttered statement. It is SOMETIMES true and SOMETIMES not. My own collection contains a good many hundreds of coins of which their value is much enhanced by the stamping thereon. The most extreme example in my collection is a "damaged" 1822 Bust half that I purchased on ebay for under a hundred bucks. The known counterstamp on it has auction prices realized between $3,500 to $8,000. My discovery piece appears to be the second finest of the now five known.

Many coin collectors and dealers look disparagingly down on c/s's. This attitude has long worked to my advantage, when buying. Fully 95% of my collection has come from auctions and dealers. Experience tells me that the "generally" held attitude that c/s's diminish a coin's value just ain't so. Each piece needs to be evaluated on it's merits or lack thereof.

One more thought on our OP's c/s'd coin. There are collectors who endeavor to assemble type setts of c/s'd coins; this, as well as holed coins. These collectors are willing to pay stronger prices on an early date lrgge size Bust quarter for their unique collection. Over the years, I've owned over a dozen key date 1916-D dimes. I've owned less than six c/s'd early Bust quarters!
Edited by ExoGuy
11/16/2021 5:59 pm
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