Not all Holed coins are ruined. Picked up this STUNNING 1858 Quarter for 40$

Truly Stunning, Exceptional Toning, clean hole, and Mint State Details. 40$ I simply could NOT refuse, and I am ecstatic. What do you guys think this would grade if it did not have the hole! And what would you pay for it!

 

Log in or Sign up to hide this ad.

I like it . Hole or no hole . . Anyways , I would pay $75 . why do people do this : 75$ ??

 

Why do people do what haha

 

It's not for me at all but I'm glad you like it, as that's all that matters!

 

Yea , I don't know why someone would drill such a nice coin unless it was to hide it from thieves by wearing it .

 

The Hole is old, and surprisingly clean. Most holed coins pickup distortions in the field around the hole or corrosion in the hole. Generally not something I would buy, but at 40$ for MS details, I can not complain!

 

I like your coin, and am glad you are happy with both it and the price.

I think holed coins are a nice way to pick up a coin which would otherwise be out of my impulse buy price range, or a coin that is scarce enough that I would feel bad passing it up for fear that I won't ever see one again. But as an investment, I imagine a holed coin would be harder to sell than a comparably priced intact coin in a lower grade. I like coins which have seen some history, so I usually don't mind an otherwise attractive coin which was holed or jewelry mounted or even made into a love token.

Some examples:
Salzburg 1/4 Thaler 1642 klippe, holed, jewelry mounted and plated

1913 Prussia 2 mark, pin


Colombia 1821 8 reales, MDQ (Moneda de Quito) countermark and holed


Queen Anne Shilling 1711, Love Token


If I'd waited for a "clean" version of any of those coins to cross my path, I'd probably have to wait a long time and pay a lot more. But I'm more of a world coins than US collector. The US has a shorter history, so for all but the scarcest types I feel like there's an intact copy out there somewhere if you are willing to pay a market price for it.

(And since this is the US forum, here are a few US love tokens mixed in as well)

 

I have a holed type set and would not mind having that coin in it. Nice.

 

Don't do or like old holed coins but if you like it then thats fine lots of people collect holed coins.

 

This one is my favorite, I do not think the holes impact the beauty.

 

Some medals or tokens come only with a hole or a hanger molded on. For me I don't want a holed coin no matter how pretty. If I'm going to spend money I don't want to invest in a holed item. Its a definite minus in passing on to someone else. However if anyone wants to collect them good luck for them. I'll wait to find one that is not mutilated. Every time I would look at it, I would look right at that hole.

 

XF details. Glad you’re happy!

 

Love tokens are another part of the market. You have to expect a hole or two or solder to hold the bracelet. Holes are okay for those pieces.

Holes in regular coins is another matter for me. I don't buy them.

I do buy political tokens with holes because, once more, it is something that is to be expected if someone was going to wear the piece like a modern political button.

Even there, the hole can be in the wrong place. For example almost all of the know examples of this 1864 Lincoln piece, which also a Civil War token, are holed.



On the other hand, this Hard Times token is collected without the hole, which why I bought this piece dirt cheap for less than $100. It is a very neat Jackson token design. Without the hole it's worth $400 or more. It seems like collectors filled in the holes with plaster, which is what has been done to this piece.

 

Wartime jewelry

 

A very nice looking XF details quarter. I like holed coins and coin jewelry. Not so much ex-jewelry. I have some of each.

 

I believe all holed coins are numismatically ruined.

 

When writing dollar amounts the dollar sign goes in front.

 

I believe many disagree.

 

Nice coin, hole or no hole. Doesn't look like it was ever actually used as jewelry, but just holed and left as is.