Would you buy a coin with this damage for a type set?

Been looking at Bust dollars lately for my type set and came across this one with some meat on the bones, but damage to the observe(punch holes) and reverse(scratches).

https://www.ebay.com/itm/124882893805?hash=item1d1399bbed:g:k3wAAOSw5JphMZRR

For a type set, would you purchase a coin with this much damage? or in general for your collection? Curios to hear others thoughts.

 

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Not a chance.

 

I personally would hold out until another one comes along .

 

No

 

Damage (within reason) doesn't usually bother me. That being said, this is horrendous.

 

nope

 

This dollar looks like it's the common BB-61 die marriage, Small Date, Large Letters. Thus, it does not have the cachet of a rare die marriage where one might be tempted to overlook the obvious and severe damage to both obverse and reverse.

As a type set addition, the die marriage would be perfectly acceptable but this is not a nice coin and most collectors would eventually, if not sooner, regret buying it. In addition, I do not believe the price is attractive for a raw, severely damaged coin. If I was in the market for such a coin, I would not pay more than about $200 for it. But that's just me. I have no idea what your circumstances are nor your collecting goals and criteria. But you asked what I would do. I would not even consider this coin.

At my local coin club a couple of years ago, a member sold another member a common, raw, DBSE dollar that was not a details coin and would have graded G04 for around $400 which seemed fair to me at the time.

 

I'm usually a budget collector, but the main thing I want in a coin is eye-appeal, so if I'm gonna spend $1000+ on a coin, I'd rather have it problem free.

 

This. Either I can afford a nice example or I don’t want it in my collection.

 

No.

 

That coin is just too abused for my taste, so no. A problem free good would probably run about 1500 at least.

 

While these drapped bust dollars are scarce I still would personally wait for a nicer example.

 

No.

 

Depending on my budget I would buy it but if I'm able to afford something better then I'd go for that.
There is always a home for a coin like that as for some collectors that's all the budget allows.

Looks like it has a lot of history to it and stories untold.

 

I have lots of such coins, but it's a matter of personal preference. I like the history and rarity. It meets one of my criteria. But I would have to get a bargain.

Everything has some value at the right price.

The hardest thing to do is find an owner wiling to sell it for what it's worth followed closely with finding a buyer willing to buy it for what it's worth.

I try to be the buyer that makes an offer when the owner discovers their coin won't move and they're desperate.

Almost every coin I have would be six figures or more in MS60. So mine have problems, usually more than one. A few are just worn, but most have other issues like the Subject coin.

That said, if $1500 is a reasonable price for a problem free in the same condition, $950 is way too high.

 

No

 

The coin is somebody else’s problem right now. You’re under no obligation to make it yours.

Rick L.

 

I wouldn’t.

My dealer once told me:
“A problem coin is a problem to get rid of.”

 

uuuuuuuuuuuuuuuuuuuuuuuuuugly

 

The response give a great reason why old damaged coins receive such a substantial discount to the book price which is for straight graded, problem free (or at least market acceptable) coins.

The supply/demand equation just gets kicked in with many more problem coins available and far fewer buyers for them.

The novice tends to be offended that (minor) problems have such a drastic effect on price.