This is a really cool coin I traded for on Numista because I liked the design. I know that the coin is worth about 5 bucks for the silver melt value but I want to know how much it is worth numismatically (if that's even a word) since its been made into a pin. Not just for this coin but for any coins that have holes in them/Nic-a-date buffalo nickels, and other alterations like that. Anyone know how it effects the value? Thanks!
Wow good Question. This should be a lengthy discussion . I would say it reduces it to melt price, but what do I know . At least half the Value. This is a nice coin poorly made into Jewelry . IMHO .
Yeah, its a really nice coin in good condition too but its a shame someone made it into a pin lol. Still pretty cool tho
Once a coin is altered the collector value is greatly reduced but there are jewelry collectors that pay more than the silver value for nice old pieces. Do you have an image of the obverse.
coin jewelry is a thing, for a very long time. i would not be surprised to see that piece go for $20-25. very british and period timely, and euro chick. there is a nice cushion market for such jewelry pieces, and even for low value coins that would otherwise sell for a few cents. just look at the etsy market coins for jewelry on line. there are many of these types of collectors nad home businesses and many coin shops carry esoteric pieces. the value is much more than the coin itself, when it is art. so, why not? any coin jewelry my wife sees, she purchases. i see it worn all the time.
A rule of thumb - a problem coin will be worth anywhere from between 20-80% of what a comparable problem free example is worth. And that's really about as close as you can pin it down - there are just too many variables involved.
Here is the obverse of the coin @ldhair and @spirityoda I think it might be polished considering its a jewelry piece...
A couple years ago I bought a "charm" bracelet that included an 1883 Hawaiian quarter and some silver dimes - all holed - (for $12.15 plus shipping on eBay, it was sold as vintage jewelry). As someone who is a low end collector I am happy to put such items in my collection - I think they're marvelous and by my observation the market for common collectors like myself is growing. I'm appreciative of the fact that a "details" / problem coin is sold at a nice discount to an "original" surfaces coin. It makes a lot of things possible that would not otherwise be for non-wealthy collectors.
I agree with you. There are many high end silver coins that I would love to have in my collection but are way too expensive for my budget. I could pick them up for a fraction of the price if they have a hole in them or something like that.
Some of the 250-300 year old very rare Italian silver/gold coins I collect are so rare that if one shows up that had been a previous jewelry mounted coin they go for very good money. Of course not as much as a non-altered coin. But far more than melt. And it's good that some of these rare coins (especially Gold) had been turned into jewelry, so they were kept in families as heirlooms.
It's considered damaged and will be worth more as it is. The value is highly reduced as a coin and currently it's not a coin, it's a pin.
Let's say you find a 1915-s Panama Pacific $50. Octagonal Gold Piece that had been turned into a jewelry pin. Do you think collectors would turn up their nose at it and say it's only worth it's melt value ??...........I think it would go for far more than melt
Melt is the rock bottom value for coin jewelry Artistry value will exceed melt by far Canvas plus paint plus signed by artist = $$$
