Holed and Plugged Coins

I had to study on this one. And I knew that in the very early days we did experiment with plugging coins with dissimilar metals. I do have to say though that I am mighty glad that this image of Lady Liberty did not make the cut.

 

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Do you reckon the post mint plug to be a contemporary repair?

 

Here is a plug that was well done. Hard to make out the plug unless you look very closely at the coin. It's in the T in liberty.

 

That is a first class repair.

 

I purchased the plugged VF details 1795 bust dollar earlier this year at an auction. There was a straight graded 1795 bust dollar also in the same auction graded VF 20. That coin had nasty adjustment marks on the reverse. It sold for around $6,300.00. The plugged 1795 was purchased by me for $2,100.00. Which coin would you want? A very well done repair or a straight graded coin that someone at the mint took a file to before striking. I know adjustment marks a considered ok by the grading companies but, to me they are damaged coins no matter who did it or when it was done.

 

Personally I do not purchase holed coins, plugged or not, the eye appeal is directed to the hole itself and not the overall coin. My opinion only, good luck.

 

I would have been all over the plugged dollar.

 

I think it was done much later. I do not know when the mint plug became popular with collectors. Regardless, someone wanted an ugly plug rather than a hole.

 

Have wanted (fruitlessly) one ever since I first looked into a Red Book!!!

 

Where is the plug from the reverse? Is that George Washington's fingerprint?

 

It's very hard to see but It's in the C in America. I normally wouldn't buy a repaired coin but, whoever did this did a great job. I was looking for an example of this date and I found it to be acceptable. This is one of the best repair I've ever seen. And based on pricing it made sense to purchase it.

 

It's my understanding there are a few guys that can do the type of repair done to the coin I purchased. It takes a lot of skill to do a repair like that.

 

DANG!

 

Every now and then I come across a plugged coin that has been expertly repaired. The one I purchased was one of the best I've every seen. There are some out there that are extremely hard to detect. It took me a little while to figure this one out. It's almost undetectable on the reverse. I've seen other types of repairs done to coins that were also expertly done. When considering purchasing a repaired coin you need to weigh the good and bad as well as the price. There is a risk in buying these types of coins. Some are butchered and others are really nicely done.

 

Awesone! After the plug is done, how did they make the "T" appear again? All done by an artist?

 

OMG...thanks for posting this thread, I thought everytime I seen those type coins, someone drilled a hole for a necklace and I have passed up coins at dealer spots at my local flea markets. I seriously didnt know there was another reason for these holes. Can someone here say if the holes hurt or up the values?

 

Not the greatest photos but here it is.

 

I would say hurt for sure.