Holed coins

what dose a hole do to a coins value
is an 1820 (unknown grade) bust quarter for 12 dollars a good deal

 

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A hole drops the value 80-90% or more.

That said, $12 is very little cash for an old bust quarter. Greysheet is $65 in G4, $85 in VG.

If you enjoy the coin, I say "what the heck !" $12 is barely the cost of a pizza.

 

It at least means that you might get a coin that otherwise might be out of your price range, also from a personal perspective I quite like holed coins, most of which were done as good luck charms and keepsakes so it sort of adds another dimension to the coin :kewl:

 

A hole lowers the grade to 0 in most coins but if

A hole lowers the grade to 0 in most coins but if a key date in otherwise good shape, (examples 1 cent, 09-S VDB, 22-No D, - 09-S Indian, 77 Indian etc.) the hole can be restored by a man in KY. (see Ads In Coin World) to almost perfection - I think his name is Stockton.
On an otherwise nice coin but common date, well, put it on a key chain - it makes a good conversation piece.

 

There are many series of coins I do not collect nor will I ever collect (because of cost, etc.). However, I don't mind buying a holed example at well below catalog value to have an example I can hold in hand.

In addition, you'll find that sometimes you can get a coin that would rate VF/XF for a good percentage below G4 grade just because it's got a hole in it.

 

Hobo collects holed coins and I have a friend that collects holed colonial coins, so while a hole does affect the price, they are still worth a little, if they were worth something to begin with. Personally, I prefer non-holed coins but I will buy them if I need them. I currently have a Connecticut copper with a bullet hole:





My friend, that collects holed colonials, wants it and asked me what variety it is so he could check to see if he had it without a hole, in order to work out a trade, but he fell silent after I told him which variety it is (M39.1-ff.2 - AUCTOBI & ET LIR error variety R-5+).

So holed coins do have a value, I paid 40 bucks for that Connecticut and I sold a holed Fugio for almost 100 bucks. :thumb:

Ribbit

 

To an extent. I am nearly finished putting together a Dansco 7070 Type Set of holed coins. I'll post pics of the set one of these days.

 

What are you missing?

Ribbit

 

I am out-of-town for another couple of weeks so I'll go from memory. I think I am missing a Reeded Edge Bust Half, Memorial Cent, Bicentennial Quarter. There may be others but I'll have to wait until I get back home.

 

At the very least, you could wear the holed coin. You'd pay more than $12 for a mall bought pendant.

 

I'm working on a holed date set of bust halves.
I also have a holed large cent collection going and a couple holed half cents.

I prefer the holed coins from 1810-1865 when they didn't have pockets in pants and folks sewed their money to the inside of their shirt/jacket.


http://www.holeycoins.com/

 

I just started on that

 

Way to go, Mag. It makes for a cool type set. I'll post pics of my set before long. Keep us posted on your progress.

 

Thanks

I currently only have:
Morgan Dollar
40% Kennedy
Clad Washington Quarter
Wheat Cent

The clad seems like it'd be really hard to get. Luckily, the quarter was actually found in change by my mom a few years ago!

 

Anyone need a holed 1856 BHC?

http://cgi.ebay.com/1858-USA-Large-One-Cent-Liberty-Head-Drilled-Coin_W0QQitemZ110384641372

Ribbit

 

Now I would buy that but not with his shipping costs :loud: Way too high

 

I have an 1848 with a square hole in it... And what looks like two soder spots.

 

Here's one more holed coin, that any holed coin collection should have:

http://cgi.ebay.com/COLONIALS-PCGS-F12_W0QQitemZ120419420603

Ribbit

 

See, now you are just making me hungry... lol

Back on topic, I would never personally buy a coin with a hole... Well, unless somebody was selling a 33' Gaudens with a hole for face value.. LOL

 

You're right the mans name is Stockton , an excellant restorer , wether you agree with what he does or not .
rzage