Counterstamped Coins

Discussion in 'Coin Chat' started by silverdrachm, Jun 9, 2013.

  1. silverdrachm

    silverdrachm Member

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  3. Brandan5504

    Brandan5504 New Member

    As I was going through my collection I found this M counterstamped Indian head penny. Can anyone tell me anything about it?
  4. BRandM

    BRandM Counterstamp Collector

    Can you show us a picture Brandan?

    Bruce
  5. Brandan5504

    Brandan5504 New Member

  6. BRandM

    BRandM Counterstamp Collector

    These type of Counterstamps known as "initials 0nly" stamps are very common and can rarely be attributed to a particular issuer. I don't recall having seen this one before but there are so many that I can't be certain. Sorry I couldn't help you more Brandan.

    Bruce
  7. Brandan5504

    Brandan5504 New Member

    So is this going to depreciate or increase it's value?
  8. BRandM

    BRandM Counterstamp Collector

    Most likely decrease the value.

    Bruce
  9. Conder101

    Conder101 Numismatist

    Counterstamps typically only increase a coins value if the stamp can be attributed to a specific person, business, or government. Anonymous unattributable stamps are just PMD.

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