Are damaged coins nolonger worth anything?

Discussion in 'Coin Chat' started by Trella Davis, Sep 7, 2020.

  1. Trella Davis

    Trella Davis Bellathescorkie

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  3. ZoidMeister

    ZoidMeister Hamlet Squire of Tomfoolery . . . . .

    Worth at least one cent . . . .
     
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  4. ldhair

    ldhair Clean Supporter

    The coin shown is only worth one cent. Something that's really rare but damaged can still have a nice value. Every coin is different and can be tough to put a value on. Some would not care for a damaged coin but others may be Ok with it.
     
  5. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I am something of a proponent of damaged coins. My 09-S, VDB cent has a damaged rim but is otherwise An XF coin. I bought it for a song. I own several early coppers that have damage as defined by the TPG’s but each are lovely coins in their own right. I will always choose an eye appealing “damaged” coin over a lower quality “problem free” coin. I love eye appeal and really like the cost savings.
     
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  6. l.cutler

    l.cutler Member

    The coin pictured was only worth one cent before it was damaged. A damaged collectable coin will most likely retain some value. How much value depends on the individual coin and the extent of the damage.
     
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  7. GDJMSP

    GDJMSP Numismatist Moderator

    As a general rule of thumb, any problem coin, damaged or some other problem, will be worth anywhere from 20-80% of what a problem free example will be worth.
     
    sambyrd44 likes this.
  8. Spark1951

    Spark1951 Accomplishment, not Activity

    @ldhair ... @ZoidMeister ...I agree. @Trella Davis ...it really depends on the extent of the damage. Your coin appears to be an 82D large date copper.

    The extent of the damage shown (good pics, btw) does not show any underlying zinc, so you can be fairly certain it weighs 3.11g.

    That said, if a key date wheat cent, a 1922 no D for example, had minor damage then it could still have a nice price tag, depending...imo...Spark
     
    Last edited: Sep 7, 2020
  9. Michael K

    Michael K Well-Known Member

    Most of them are face value.
    Old, rare, precious metal coins are worth at least the metal value
    and sometimes more depending on the demand for that coin/year/mm.
    But because of the damage it won't get a very high price. Which is to be
    expected as condition is a major price consideration.
    As for the OP coin, 1982-D large date it was worth 1 cent before damage,
    and 1 cent after damage.
    Don't confuse this coin which was produced in the billions with the
    1982-D small date copper transitional error. (2 known?)
     
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  10. johnmilton

    johnmilton Well-Known Member

    Here is the biggest tragedy that I have seen for a damaged coin. This is a 1792 half disme. Many collectors think that it was the first U.S. coin. At any rate it is obvious that this piece has a big problem, a hole. Many collectors rate that as the most catastrophic of all defects.

    1792 Half Disme hole O.jpg 1792 Half Disme hole R.jpg



    This piece sold in a Heritage auction for $37,500. If it had not had the hole, it would have brought $130 to $150 thousand. The collector demand for this piece is such that collectors are willing to pay this much for a heavily damaged piece.
     
  11. Trella Davis

    Trella Davis Bellathescorkie

    Wow!
     
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    Their lowest value is face value but it all depends on the coin, it's grade and what condition it's in.
     
  13. Trella Davis

    Trella Davis Bellathescorkie

    Because its so damaged I can't tell if it's a small or large date...
     

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  14. johnmilton

    johnmilton Well-Known Member

    There are more 1792 half dismes with holes than you might think. The thing that made this piece unusual was that the rest of the coin was really nice. Usually they have many other problems along with the hole.
     
    Kentucky likes this.
  15. l.cutler

    l.cutler Member

    Definitely a large date.
     
  16. Michael K

    Michael K Well-Known Member

    Even in that condition the large date is 100% legible.
    There are a few other markers, the shape of the 8's. the distance from the rim, here is the two types of 2's:
    1982-varieties-revised.jpg
     
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