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 Replies: 48 / Views: 4,887 |
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Pillar of the Community
Russian Federation
1557 Posts |
I found this coin at one of the auctions and just wanted to know your opinion . The coin has serious damage and I would never take such a coin into my collection, but I can't afford a good coin because 20 cents is not the cheapest type and I really hope I can win this coin at a very low price. What are your final cost assumptions?  |
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Pillar of the Community
United States
2003 Posts |
I would avoid a coin in this condition. You should be able to find a raw problem free example in low grade G-4 for about $100, or a slabbed G-6 in the $140 range. With some searching you may be able to get a better grade like a VG-8 for that same money. I would wait and save some money for a better example than to settle for a coin like you have shown.
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Bedrock of the Community
Australia
21786 Posts |
Even severely damaged rare coins have some value,
but not much.
Nevertheless.
MisterT has expressed the most commonly held opinion.
If a G-4 20 Cents undamaged has a value of $100, then this coin would have a value of perhaps $10, but the problem then becomes, that due to the damage, it would still be hard to find a buyer.
Almost all collectors would opt for the undamaged $100 equivalent condition coin instead.
I do, in fact, have a small number of holed or otherwise severely damaged coins in my collection, but I have acquired almost all of them at next to nothing prices. This applies especially to American and British small silver coins, which have been holed for jewelry purposes.
That was most probably the reason why the coin pictured was holed. Such coins are never graded, and thus keeping it in a slab is rather pointless.
I would be happy to buy this coin out of a dealer's junk box for less than $10.
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Pillar of the Community
 Russian Federation
1557 Posts |
I will still try to win it at auction, but I don't think I will pay more than $35-40. Surprisingly, at the moment there is already a bet of $ 10 on this coin.
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Pillar of the Community
United States
1173 Posts |
Good luck with the auction.
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Bedrock of the Community
United States
94367 Posts |
Not for me, but good luck!
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Pillar of the Community
United States
5825 Posts |
If you want to take a shot at it, start your bid calculation at $50 and subtract ALL charges (S&H, auction fees, etc.)
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Valued Member
 United States
460 Posts |
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Pillar of the Community
United States
7187 Posts |
I would not want this in my collection. If you really NEED a 20 cent piece find one that will be appreciated by others and it will maintain and possibly grow in value. I have been collecting since I was a child and have had the NEED fever, resist purchasing poor quality damaged coins with zero eye appeal.
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Pillar of the Community
United States
3848 Posts |
That's $5 in my eyes. Keep us updated what the final sale price is.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Valued Member
United States
460 Posts |
Not to offend, but it's too ugly to buy. Get a genuine one in a modest condition. You will never be happy with the compromise, UNLESS your purpose is to show an example of coin jewelry.
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Pillar of the Community
 United States
5661 Posts |
That's not worth $35 in my opinion. Hard to imagine why someone sent it in for grading.
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Pillar of the Community
United States
4468 Posts |
Pass - Look for one that is details, but does not have a hole.
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Bedrock of the Community
Australia
21786 Posts |
My opinion, for what it may be worth:
I would buy it a maximum price of $10, but not above that.
At that price, I would have to buy it over the counter at a coin show, or from a dealer direct. The extra cost of shipping fees are not justified.
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Pillar of the Community
United States
940 Posts |
This one has future buyer's remorse written all over it. Save up for a decent one.
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Moderator
United States
15392 Posts |
Horrible ugly - pass on this one for sure.
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Replies: 48 / Views: 4,887 |
Posted 01/12/2022 05:29 am
