Just curious if anyone would want this coin in their collection? Are there collectors who actually seek out holed coins?
Yes, some people collect them. I got strong money for a holed, engraved, beaten-up proof trade dollar from someone who was building a holed/damaged set. Lots of people say "don't buy damaged coins because you'll never get your money back out of them". That's a circular argument at its core. If damaged keys were really worthless (only worth melt), you'd be able to buy them at melt. You can't -- usually. I just picked up a heavily polished 1897 Barber quarter with clear uncirculated details. Bad photos, weak description, BIN $5.50 shipped. I got it before someone else did. I'm pretty sure I could flip it for at least ten times that, assuming it's genuine (haven't popped it out of the capsule and weighed it/done the magnet test yet). That's all beside the point, though. It's not just "greater fools" (like me?) buying these coins in hopes of flipping them; there are plenty of people buying them to keep. "Serious numismatists" may not have much respect for those collectors, but there are still enough of them to constitute a market.
I don't have the coin and have no interest in it at all. What perplexes me is how does a seller come up with a price, in this case $543, and advertise it as a ~ SUPER RARE COIN ~ Carson City Estate ~Offer~
Oh, the humanity (assuming it's an 89-CC)! That hole just just miss taking out the entire mint mark. While a hole is usually the biggest offense that can be brought upon a coin, you will probably get a premium over melt for a holed 89-CC dollar from a collector who merely wants to fill a big hole in his album with a smaller one.
WoW! I just saw the obverse...never bothered to look until your post...poor little '89CC, never hurt anybody. Sad.
I definitely like the coin!!! The surfaces are beautiful despite the whole, I would make an offer if I used paypal
I would pass on having it in my collection. But there are holed coin collections for sure. The problem I see is trying to put a price on it -- not so much for buying it now than when you or your estate wants to unload it.
I wouldn't want that coin and the only reason I can see anyone else wanting it is because they want to complete the set. I would rather buy a lower grade coin for somewhat more. Heritage sold an NGC VG-8 on May 1st (one week ago) for $646. I would far prefer to own it than a holed VF for $543. As to the price, they probably just made it up. The pictured coin has decent detail (assuming it is actually genuine) but if a VG-8 is worth $646, I don't see it being worth more than $200 if that.
A problem coin is just that "A Problem" In all the years I have collected I've never once seen a problem coin no matter what date,mintage or mint mark not be an issue to get the value one had paid for it. I have heard every argument and to me none makes sense . I agree ......I rather have a key coin in AG then damaged in any manner . I don't sit judgment over what others collect......it's your money, your collection and your problems . I have seen this go the other way also on a non problem coin....where a collector has a very rare or valuable coin that couldn't get out of it the true value.
Bingo. If you can't get as much out of a coin as you paid for it -- whether it's a problem coin, a problem-free coin, or a one-of-a-kind rarity -- it may simply mean that you paid too much for it. In fact, if you're buying at retail, there's virtually no chance you'll come out ahead without cherry-picking or otherwise having a knowledge advantage over the seller.
