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 Replies: 17 / Views: 46,618 |
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Pillar of the Community
United States
2936 Posts |
I'm thinking of bidding on a really nice Draped Bust Half but the coin has been holed. Without the hole, it would be in the F-VF condition. I have no knowledge of how adversely holing affects a coin's grade/value. Help appreciated!
Paleoguy
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Valued Member
United States
323 Posts |
im interested in this as well
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Pillar of the Community
United States
1534 Posts |
There is no set amount of value a coin will lose if it has been holed. The severity of the holing, the rarity of the coin without the hole, and the overall appearance of the coin factor in on the value. Some people like holed coins, but one almost guaranteed fact is that holed coins lose much of their value and usually can be sold only to the "right" buyer. Some coins will be very popular no matter what, even if there is a very large and distracting holes. Those are the coins that are very expensive and difficult to find without problems.
If possible and in accordance with your budget and tastes, I suggest you wait for a problem free example, which may take a while given that many Draped Bust Halves have problems and are very popular.
Edited by wheatguy
05/01/2010 11:02 am
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Bedrock of the Community
United States
11951 Posts |
I have never seen a guide that will say what a holed coins takes away from the price.
With a coin like that, just ask yourself a few questions.
Do I like it enough, to want it in your collection?
Are you going to use it to fill a hole in a album?
To get a top bottom price -
What is the least it could be worth? Maybe melt?
What is the most it could be worth? A problem free example of the same grade.
With these numbers .. you could be between $5.00 and $70.00. (What price would you be happy with?)
Is this something you will keep forever? (problem coins are hard to sell)
With a E bay search
What are similar coins of the same grade selling for .. with out problems?
Edited by GR58
05/01/2010 1:46 pm
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Valued Member
United States
462 Posts |
I don't have and answer to your question but remembered Bryan's acquaintance had a filled 7070 with holed coins. Thought I would re-share https://goccf.com/t/54711#435329 |
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Pillar of the Community
United States
1523 Posts |
Don't think there is a cut answer to that question but if it is a rare coin and you get a GREAT price on it there are restorers that could repair it.JMO
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Pillar of the Community
United States
2589 Posts |
The only coins that are not affected in price by holing are those which have only one or two examples in existance (most actual examples I can think of are ultra rare patterns), even a holed 1804 dollar would be worth less than a non holed one because theoretically you could obtain a non holed one.
-XoG
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Valued Member
United States
408 Posts |
I have a 1825 Half with a hole that I bought a number of years ago. I don't remember what I paid for it but I am very happy to have it. If you like it--buy it. I probably
own less than 15 half dollars and wouldn't have this one if it wasn't holed.
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Pillar of the Community
United States
4085 Posts |
I think a hole cuts the value on average from 60-80%. Less on really rare coins.
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Valued Member
Philippines
386 Posts |
Holes on coins really affects the value on coins. Knowing you are looking for a nice Draped Bust Half, if I were you I would rather wait for the best possible piece you can get. On the otherhand, holed coins with countermarks like the ones circulated here in the Philippines, holes did affect the value but with the possitive result. In other words, it even made the value superhigh because of its rarity. Going back to the coin you are looking, if it suits to your taste and budget, then go for it at a reasonable price. after all, the beauty of the coin is in the eye of the collector... Goodluck  |
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Valued Member
United States
99 Posts |
It really depends. I found a holed 2 reale in Maine (metal detecting) that was in all likelihood used as 'slave money'. It's priceless to me and worthless (save melt) to others. The holing of a coin lends a personal touch to the piece, as it was obviously prized to the owner that holed it.
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Pillar of the Community
United States
1571 Posts |
I have no idea what difference it would make, other than it the hokle is in the area of the date, then it would just about wipe it. I have several "holed- IHC, in one of my folders, but none are near the date, so no harm done. They are not for sale, so in my case, the question would be noot. Dick |
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Valued Member
United States
376 Posts |
I agree with most of the above posts. If the coin is one that you want and the hole doesn't bother you go for it. The value of any damaged coin is dramatically reduced so keep that in mind when bidding. I wouldn't even go for half of the value of a problem free specimen. Good luck!
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Pillar of the Community
United States
1934 Posts |
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Pillar of the Community
 United States
2936 Posts |
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Pillar of the Community
United States
1934 Posts |
I wonder does the seller know it's listed as an 1806
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Replies: 17 / Views: 46,618 |
Posted 05/01/2010 11:02 am
