Major Problem coins ?

I dont mind damaged coins too much.
recently I just got this - (which i posted in another thread)



an X on liberty, but other than that, not too bad.

 

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Check this one out. Would you believe it's an (R-6) to boot.

 

Ben,it is a pity about that Capped Bust Dime.Is it an 1830,or is it an 1836 Dime?

Aidan.

 

The coins date is 1830.

 

I actually should have ansered sometimes but too late I voted yes.

I have knowingly bought cleaned coins if it fills a hole that I want to fill cheaply enough.
I find at shows if you point out that a coin has been cleaned an honest dealer will agree and drop the price. You just have to bring it to their attention in a polite manner.

I have a 1927-S Standing Liberty quarter with VF+ detail. It's been whizzed no doubt but got it from my local dealer for $110. If I were to sell it I would do so as a cleaned coin and bet I'd still get at least $200. Tough coin to find higher than F12.

I don't go out of my way to buy problem coins but if the price is right and I want it I do.

 

I have an 1875 cc 20C with a hole through it, I bought it as part of a holed lot on ebay, and broken down into unit price the coin ran me $12.50. I have an au-50 31-s 1c cleaned that cost me $30. I own several problem coins that I am happy and fortunate to own.

 

Nice buys!

 

While trying to add to my collection I've come to discover something interesting. I tend to buy coins with strange marks on the wings of the eagle on the coin. Not that I seek them out... they just somehow catch my eye. I call it my "marked wing" collection. Probably not worth much but I enjoy it because I wonder how the coin got that way. I consider these coins to have a unique story to tell. It also saves me money because when I do come across one they are usually priced cheap because of the mark.

 

Yes I do. This is one of the best examples:



It is unfortunately holed at the crown of Anna but tell me when was the last time you saw a huge crown like that with double strikes. It's just so not common. To even top it up, it seems to be an unknown variety at the moment.

 

1875CC is the last business strike I need to complete my 20 Cent set. I would have gladly paid $12.50 for that coin and, like others, I don't like holed coins.

I think it comes down to this folks. We all have some type of budget.

When I say I rarely spend less than $100 for a coin many freak out. Others laugh at that (to themselves) as it's "chump" change.

One man's garbage is another man's gold.

 

Very unusual for me to have problem coins. I only have one, and it is from the "old days"... picked up a Large Cent 25 years ago, and it was cleaned.

The only way I would do a problem coin is if a problem-free piece is just too expensive. I considered a flowing hair half-dime recently on Teletrade - no way I could even think about it otherwise. (Didn't score, BTW...)

When I finally take some shots at really old coppers, I'll have to consider some which are considered "corroded". Some are pretty decent.

 

99 brings up a very good point here, I have also passed on a coin because I thought I could do better later on. Sometimes that might be the only chance you will every have to get that coin so now I think twice before I walk away.

 

I have purchased many a token with problems, and I enjoy them just as much as ones without problems. With somewhere near 8400 varieties of Civil War tokens having known populations of 20 or less (and a high percentage at 4 or less), passing on a problem example may mean passing on one's only chance to own one of that variety. The scarcity of these tokens also means that problems have minimal effect on value. Fuld suggests in his patriotic book that a holed example of a cwt be devalued about 15 per cent from an undamaged example of the same token. I also like nice examples, but my approach is to obtain an example first, then if the opportunity presents itself, I can always upgrade. I would hate to pass on a damaged token only to find out that the other known example was even worse.

 

The two oldest coins I have found in circulation have problems, an 1842 large cent with a minor "chop" type mark and an 1852 dime with a small gouge on the edge. I would not part with either of them.

Mark
Coral Springs, FL

 

I bought a 20/- for this series (in VF), because I wanted to top the grade instead of getting a larger more worn coin. The scottish Charles I stuff is facinating anyway. Is yours a Falconer's 30/- ??

 

Here is my favorate IHC, I can't find reference to the name and date on the back, but sure neat, also the ridges are so perfect on the sides, could they be from the mint?

 

Who said:

"One person's problem coin is anothers treasure"

:whistle:

 

In today's world we are orientated to think it's only good if it's new. But it ain't true. I own 2 holed coins and if I found more that I liked I'd take them in a heart beat.

 

My 1916D Merc is very circulated and damaged. My best guess as to the cause of the damage is that someone found it with a metal detector, and hit it with the shovel when digging it up. Although mounted in a 2x2, I took it once to one of those grading company's "we'll give you a free estimate" tables at a show. They thought it was real. When I bought it, I did get a pretty good discount. I'd never be able to afford a 1916D Merc otherwise.

 

mpaulson
That is a very neat piece.

Very collectible piece of history.