I am considering buying it. https://www.proxibid.com/1802-Spanish-8-Reales-counter-punches/lotInformation/43202461
If it's real, it's so damaged, is it worth more than melt? ($12) Of course you may just want it for your collection, in that case spend a little more and get a better quality coin.
Is it worth more than melt ? I can assure you that it will sell for good money if it ever winds up on Ebay. I've seen far worse sell for much more than melt.
Is that really a good argument though? That people who don't know very much will over pay for damaged coins?