Who Knew PMD Was Worth So Much?

So on the third of march, my dad and I were at our local coin show and we stopped at a dealer's table to browse, and my dad asked about a Barber "Pop Out" Coin. The dealer pulled his out and said his was a molded fake after a genuine one. He then said the real coins that has been "popped out" is worth quite a bit more than the coin in numismatics. Then my dad remembered I have one of these I paid $2 for. I just took it out to picture today.

My dad reminded me of the conversation with the dealer while I was doing some photo editing, so I decided to do some research on Ebay.
http://www.ebay.com/csc/i.html?_sacat=0&_nkw=barber+pop+out&LH_Complete=1&rt=nc

This PMD Dime is worth how much to buyers???

I am very surprised somebody would pay for that. Now what I want to know is if anybody has any additional info on these, please enlighten me. Thanks,

~Cannyn

 

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I don't have any info on these, as this is the first time I have heard of them.. but wow. What a beautiful coin.

I want one now, thanks!

 

This is why the prices are so high.

 

These have been made for over a hundred years now. All were made with a punch and die. The ones with a bar on the reverse are older but not always.

 

There are other threads here about these but this all I can find.
http://www.cointalk.com/t43305/

 

Hey Larry, sorry to take a while to respond to this, mind telling me if the bar I have shows to be older? It is a bit worn, I'm guessing it is from being a jewelery piece, but I hope it is the real deal.

 

I appreciate the pop outs or overstrikes which are close to what I collect.

 

so what the **** is stoping me from making punc out casts and doing this with a bunch of coins for big profits?

 

Nothing.

 

Pop Out / Pushed Out / Repousse coins.

Idhair (a member here) has quite a collection of these. Hopefully, we'll see some of them.

As to making these, the process was patented and still may be owned by someone. You'll require to get dies made for each denomination (could cost a ton of cash), then you'll need the equipment to manufacture them. You'll maybe turn a profit in a few years if there's a demand for them. Plus, you obviously have competition because they are being manufactured today.

Good luck.

 

Patents expire and I'm sure the 1903 patent shown above expired ages ago. There could always be newer patents on a new manufacturing process, or maybe a new design, but I doubt it. You'd have to hire a patent lawyer if you really wanted to be sure that you weren't infringing on a patent.

http://community.freepatentsonline.com/wiki/when-does-a-patent-expire

 

Just like other repeatable actions, (cough **toning** cough), I would never like to put myself in danger by paying steep premiums for something that someone can replicate. Like IKANDIGGIT said, there is nothing stopping someone from making more of these.

Now, buying a silver dime normally worth $2.30 for $10 because you think its cool, whatever. You are buying a cool little plaything you like for cheap. I just would be careful not to pay "collectibles" pricing for such a thing.

Just my thoughts.

Chris

 

These are also known as 'spooned' coins, right? I think I've read a few threads about them but that was a few years ago. Cman did a thread on making a coin ring not too long ago.....

 

Spooned coins are a different animal. Spooning is whacking the edge of the coin to get it into a ring shape. These are pop-outs. A 3D die is used to push out the image on the coin.

 

Thanks for clearing that up Ikandiggit.

 

I've never seen these either, but I like it I think they sell for more than you expect because it transcends the "post-mint-damage" designation into art or novelty. These would attract more people than only coin collectors, who may just see them as damaged coins.

 

You can certainly entertain the thought of producing some of these. But keep in mind, it's a niche market, with each new vendor making these popouts, you endanger yourself in helping flood the market. It will be beenie babies all over again.

 

That's what these are.... novelties. Just like coin cuff links, tie clips, etc.. If I saw one in a junk box for cheap, I'd buy it but I'm not paying retail for it.

 

Popular enough to merit having a book written about them...

http://www.ebay.com/itm/POP-OUT-REP...143?pt=LH_DefaultDomain_0&hash=item56495ef82f

I'm in agreement with many, if I saw one for a couple bucks I might snag it as a novelty piece. I won't pay the prices I'm seeing online for such a piece!