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Holed Silver Dollar: To Slab Or Not To Slab-That Is The Question (1859 S, 1873 S, 1873 CC)

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nwplaza's Avatar
United States
73 Posts
 Posted 08/11/2023  11:00 pm Show Profile   Bookmark this topic Add nwplaza to your friends list Get a Link to this Message Number of Subscribers
These authentic silver dollar coins are obviously holed and any grading service is going to label them as such. For resale, is it worth getting them slabbed?

*** Edited by Staff to Add Year / Mintmark to Title. It's very important to have in the title. ***

Holed-Silver-Dollar:-To-Slab-Or-Not-To-Slab-That-Is-The-Question-1859-S,-1873-S,-1873-CC
Holed-Silver-Dollar:-To-Slab-Or-Not-To-Slab-That-Is-The-Question-1859-S,-1873-S,-1873-CC
Holed-Silver-Dollar:-To-Slab-Or-Not-To-Slab-That-Is-The-Question-1859-S,-1873-S,-1873-CC
Holed-Silver-Dollar:-To-Slab-Or-Not-To-Slab-That-Is-The-Question-1859-S,-1873-S,-1873-CC
Holed-Silver-Dollar:-To-Slab-Or-Not-To-Slab-That-Is-The-Question-1859-S,-1873-S,-1873-CC
Holed-Silver-Dollar:-To-Slab-Or-Not-To-Slab-That-Is-The-Question-1859-S,-1873-S,-1873-CC
Edited by nwplaza
08/11/2023 11:01 pm
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westernsky's Avatar
United States
7613 Posts
 Posted 08/11/2023  11:27 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
I don't know if they are worth getting slabbed but if they were mine they'd be worth getting professionally repaired (or at least getting an estimate on getting them repaired!). Of course, any repair would still render them as "details" coins as they are now. At least they'd look better.

This guy has repaired a few for me over the years: https://www.crsstockton.com

He has some pretty good before/after pictures on his website to give you some ideas regarding his workmanship.

It took a few months for the repairs he did for me but I was happy.
Edited by westernsky
08/11/2023 11:29 pm
Valued Member
United States
465 Posts
 Posted 08/12/2023  01:19 am  Show Profile   Bookmark this reply Add Pmint1 to your friends list Get a Link to this Reply
Wow that guy does great work. I wonder how expensive his services are.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 08/12/2023  06:05 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Unfortunately, holed coins rarely have much value over their bullion value.
Despite their obviously very nice condition, their potential value after slabbing does not justify TPG fees and return shipping.

In this case, that is very disappointing.

I have a collection of about 25 holed US small silver and British Maundy coins, all obtained at very little over the their silver value
I bought them, because they were very cheap. Maundy coins in particular, holed or not, are scarce anyway.
They would be probably be better off as part of some lady's wrist bracelet.
That won't happen; I am a coin collector.
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nickelsearcher's Avatar
United States
15386 Posts
 Posted 08/12/2023  06:36 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
IMO not worth the cost for TPG evaluation. Despite their obvious nice preservation, most collectors will consider them to be just a bit more desired than bullion.
Take a look at my other hobby ... http://www.jk-dk.art
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Slider23's Avatar
United States
4468 Posts
 Posted 08/12/2023  07:36 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
The 1873 CC is one of the key dates for the series and is a hard find. With the hole, it still has the necessary value to send in for grading. If you are going to sell the coin, the TPG holder will help it sell as there are many fake CC Trade dollars on the market.

The 1873 S looks to be AU with luster. The 1859 S Seater Liberty has a mintage of 20K. If you are going to send in the 73CC, include the 73S and 59S as they get a free shipping ride.

Below is a 1873 CC TD with a hole that sold for $282 and your coin is a higher grade and the hole is not through the date. My guess your 73CC will be in the $600 to $700 range in a TPG holder.

If the hole repair is a reasonable price, you should consider it.
Holed-Silver-Dollar:-To-Slab-Or-Not-To-Slab-That-Is-The-Question-1859-S,-1873-S,-1873-CC
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Coinfrog's Avatar
United States
94367 Posts
 Posted 08/12/2023  08:37 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Tough call, don't feel strongly either way.
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Dearborn's Avatar
United States
94666 Posts
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jacrispies's Avatar
United States
3848 Posts
 Posted 08/13/2023  06:23 am  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
If my goal was to turn and burn inventory quickly, I would use NGC. All you need is authentication and NGC only takes a month. These are not coins that would be in PCGS registry sets so you don't need to go the PCGS route. Maybe try a medium to large show if you want to sell them raw and see what offers you get.

No matter what, the saleability of a coin is increased when the coin is encased in plastic.
Suffering from bust half fever.
Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955
Shoot me a PM if you are looking to sell bust halves.
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westernsky's Avatar
United States
7613 Posts
 Posted 08/13/2023  10:16 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Holed early dollars (pre-1878) have a certain appeal to some collectors. Generally speaking, the smaller the hole and the less damage to devices there are, the more appeal the coin has. Scarce and rare dates add value, too.

I remember buying them in the 70's and 80's for $20 or $30. Them days is long gone!

Walk them around a major coin show and see what you are offered. They are worth way more than bullion. You might be surprised.

Good luck with whatever you do with yours.

Valued Member
United States
450 Posts
 Posted 08/13/2023  7:07 pm  Show Profile   Bookmark this reply Add Maine Member to your friends list Get a Link to this Reply
Agree with most here. Not worth the grading cost, but definitely worth over melt.
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