Just bought another one. Can anyone identify? http://www.ebay.com/itm/310686173629?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2648
As I was going through my collection I found this M counterstamped Indian head penny. Can anyone tell me anything about it?
These type of Counterstamps known as "initials 0nly" stamps are very common and can rarely be attributed to a particular issuer. I don't recall having seen this one before but there are so many that I can't be certain. Sorry I couldn't help you more Brandan. Bruce
Counterstamps typically only increase a coins value if the stamp can be attributed to a specific person, business, or government. Anonymous unattributable stamps are just PMD.