Good God...When does a defaced coin warrant a premium.

Discussion in 'Coin Chat' started by Dollar1948, Apr 6, 2009.

  1. Dollar1948

    Dollar1948 New Member

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  3. CamaroDMD

    CamaroDMD [Insert Clever Title]

    "There's a sucker born every minute" - PT Barnum
     
  4. commidaddy

    commidaddy Senior Member

    lol now that's funny
     
  5. claycad

    claycad Junior Member

    It makes me laugh and cry at the same time.
     
  6. Hobo

    Hobo Squirrel Hater

    Some people collect counterstamped coins but I don't think anyone would be interested in this one (unless his initials happened to be WC).
     
  7. the_man12

    the_man12 Amateur Photographer

    Hopefully nobody will buy it.
     
  8. the_man12

    the_man12 Amateur Photographer

    "Has the initials WC stamped on it."

    Thank you captain obvious.
     
  9. commidaddy

    commidaddy Senior Member

    too bad you can't offer less than a cent nowadays...offer him a half cent for it lol
     
  10. cwtokenman

    cwtokenman Coin Hoarder

    Such "defaced" coins are often worth much more after the "defacing" than before to those that collect those types of things. Here is one that I have. Anyone care to venture a guess as to what the value of this Indian head cent is as shown with the counterstamp vs if it had never been counterstamped?
     

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  11. Ardatirion

    Ardatirion Où est mon poisson

    [​IMG]

    Countermarks and other such defacing can vastly increase the value. This is an already-valuable as of Galba, issued in 69 AD. It was recarved in the fifth century by the Vandals (appropriate, eh?) with the characters XLII, revaluing it at 42 nummi. Incredibly historically important.
     
  12. Dollar1948

    Dollar1948 New Member

    I dunno,,,do those coins come complete with the corrosion?
     
  13. Ardatirion

    Ardatirion Où est mon poisson

    They were probably already corroded when they were defaced, at least with the ancient one. After being issued in 69 AD, probably lost before 100, it remained underground until around 500 AD, before being rediscovered and 'defaced'.
     
  14. KurtS

    KurtS Die variety collector

    Ardatirion, I really like the historical context of that "Vandalized" coin. :thumb:
     
  15. clembo

    clembo A closed mind is no mind

    As others have mentioned there IS a market for counterstamped coins.

    Somehow I feel this one is not worth bidding on BUT

    SATISFACTION IS GUARANTEED!
     
  16. hontonai

    hontonai Registered Contrarian

    Has anyone thought of offering full value?

    That's one cent, with free shipping, of course.
     
  17. Morgan1878

    Morgan1878 For A Few Dollars More..

    I find this coin incredibly interesting..even more so with the "time stamp"
    carved on it centuries later..
     
  18. claycad

    claycad Junior Member

    $3,000 to $5,000 but that stamp has an interesting history to it. The one on the eBay ad looks like some bumpkin thought it would be neat to put his initials on it. As far as I can tell, the W.C. stamp has no historical value such as the J.B. Schiller seige tokens do.
     
  19. houston3204

    houston3204 Numismatic Consultant

    OMG the cent could have been WC Fields....HAHAHAHAHAAA
    just jokin'
     
  20. FreakyGarrettC

    FreakyGarrettC Wise young snail

    A lot of peeps collect counter-stamped coins but the coin on eBay is just defaced. :(
    Here is a lily counter-stamped 1693 New Sol, the lily signifies the circulation of the coin in the french colonies or something along those lines. :eek: Please correct me if I am wrong. The coin or pics do not belong to me. It is Toad's.
    [​IMG]
     
  21. Drusus

    Drusus Pecunia non olet

    whatever someone is willing to pay for it?
     
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