How much will a damaged coins value be affected?? I have a silver 3 cent piece from 1868 that has a gouge in the lower reverse. I am seeing the values of the coin in VF 40 (my opinion) are very high and I know damaged it will not be the same.... I will post pics when I get home.
The general rule I've been told to follow is if a coin is in fact damaged bent, rim nick what have you. To value it half of the price of G-4. That being said if the gouge isn't that big it may be only knocked down a grade or 2.
Its a continuum. No way to answer definitively. Holed coins are the worst damage, then major bending, then things like scratches. Please post a pic and we can offer opinions.
Pics Here are the pics of the 3 cent coin.... You can see the gouge in to top right corner of the reverse...
It looks like a metal detecting find. Unfortunately, the value is minimal. Most times just melt value unless it's a key date.
PCGS CERTIFIED GRADE 12 VALUE IS $500.00 i BELIEVE THAT WOULD MAKE IT A KEY DATE AND i KNOW WITHOUT THE GOUGE IT IS HIGHER THAN A G-12..... VF40 IS $600.00 iF THIS INFORMATION IS ACCURATE HOW MUCH WOULD THE NICK / GOUGE AFFECT THE VALUE?
Not being a key date, looks like you either just keep it in the collection if it has any sentimental value or you can perhaps give it to a kid just starting out in coin collecting. I'd agree with the above post, value is minimal and since the metal in these is 75% copper and 25% nickel, you're looking at what, about 1-2 cents worth of metal.
Where did you get those values from? To my knowledge, a 1868 3 cent piece is not a key date. You can get a G4 for about $18 bucks and a VF40 at about $40 bucks. Like stated above, that's a big nick from what I can tell. I'd give you no more than a dollar for it and use it as a filler if I were collecting them. But I have a 1868 already in VF condition that I think I paid about $10 for.
Oh, I see, you think this is the silver 3 cent piece, which it is not according to the pictures you have posted. It's just the copper/nickel 3 cent piece. The 1868 Silver 3 cent piece should have a back that looks like this: And it has a star on the obverse, not a liberty head like yours has.
Check my above posts, I think they were confusing this with the silver 3 cent pieces, which I sadly have to say is not.
I very well am.... I just looked under the PGCS 3 cent pieces and didnt compare pictures at all..... I am sure thats what it is... So it seems as I have a nice piece to look at... From the front... LOL Thank everyone for their help!!!
bigherm - to answer your original question, you can count on a damaged coin losing anywhere from 20-80% of its value, depending on the severity of the damage. And in most cases it will be from 50-80% of its value.
I agree. Without a better pic its hard with your coin, but I thought the surface looked damaged, (someone mentioned maybe a MD find). That plus the nick would push you down into the 80% category if its true. Personally I would be more concerned about the surfaces than the nick even. US coins are punished value wise pretty severely for surface problems associated with being buried in the ground. For ancients, we are used to it.
Yeah, a G-4 piece should fetch about $18. Since this is damaged, to me, it's just a great filler coin for the most part. Like I said, if I were to buy it, I'd offer a dollar or so, nothing more than $5 at most though.
