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<p>[QUOTE="lordmarcovan, post: 3082225, member: 10461"]Here's a 1798 Colombian escudo I used to have on my onetime trademark "<a href="https://www.cointalk.com/threads/my-holey-coin-vest-and-holey-gold-hat.286762/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/my-holey-coin-vest-and-holey-gold-hat.286762/">Holey Gold Hat</a>".</p><p><br /></p><p>I never lamented the holes so much with that particular collection- they're a part of the coin's history, after all. And holes can make otherwise-tougher old gold like this much more affordable. </p><p><br /></p><p><img src="https://www.cointalk.com/proxy.php?image=http%3A%2F%2Fi88.photobucket.com%2Falbums%2Fk173%2Flordmarcovan%2FThe%2520Holey%2520Gold%2520Hat%2FColombiaEscudo1798holey.jpg&hash=41dbb749d10dd8b12e89419b1f25df4a" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>To vaguely answer your question, I think yes, it <i>should </i>exceed bullion price by a little bit, though you've got to deduct some from the bullion weight for the hole.</p><p><br /></p><p><i>Generally</i> speaking, a holed coin should trade at less than half the price of an unholed one (it really depends on what kind of coin and collector demand for that type). </p><p><br /></p><p><i>But</i> old gold like this (and scarcer crown-sized pieces like Bust and Seated dollars, and thalers, among others), are some of the more popular coins that can still be popular despite a hole. They should be worth a minimum of spot price, in my opinion. The premium over spot are up to the buyer and/or seller.</p><p><br /></p><p>There are no hard and fast rules- a holed coin like this is worth whatever it will fetch at auction, usually, since a dealer is almost certainly going to offer less than melt for it.</p><p><br /></p><p>Keep it, enjoy it, and maybe wear it on a chain, like somebody else likely did a century or two ago. It's a nice piece of historical old gold with a special date for us Americans. It's an ex-jewelry coin and will thus always be an ex-jewelry piece, even if you attempted to have it repaired (which would be a waste of money in my opinion- enjoy it as it is).</p><p><br /></p><p>Here's the <a href="https://www.ngccoin.com/price-guide/world/colombia-escudo-km-48.2-1772-1784-cuid-1067148-duid-1275367" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ngccoin.com/price-guide/world/colombia-escudo-km-48.2-1772-1784-cuid-1067148-duid-1275367" rel="nofollow">NGC/Krause priceguide</a> listing for your coin (yet another page that is affected by one of their hilariously-stupid roboglitches in the VG prices- ignore that column).[/QUOTE]</p><p><br /></p>
[QUOTE="lordmarcovan, post: 3082225, member: 10461"]Here's a 1798 Colombian escudo I used to have on my onetime trademark "[URL='https://www.cointalk.com/threads/my-holey-coin-vest-and-holey-gold-hat.286762/']Holey Gold Hat[/URL]". I never lamented the holes so much with that particular collection- they're a part of the coin's history, after all. And holes can make otherwise-tougher old gold like this much more affordable. [IMG]https://www.cointalk.com/proxy.php?image=http%3A%2F%2Fi88.photobucket.com%2Falbums%2Fk173%2Flordmarcovan%2FThe%2520Holey%2520Gold%2520Hat%2FColombiaEscudo1798holey.jpg&hash=41dbb749d10dd8b12e89419b1f25df4a[/IMG] To vaguely answer your question, I think yes, it [I]should [/I]exceed bullion price by a little bit, though you've got to deduct some from the bullion weight for the hole. [I]Generally[/I] speaking, a holed coin should trade at less than half the price of an unholed one (it really depends on what kind of coin and collector demand for that type). [I]But[/I] old gold like this (and scarcer crown-sized pieces like Bust and Seated dollars, and thalers, among others), are some of the more popular coins that can still be popular despite a hole. They should be worth a minimum of spot price, in my opinion. The premium over spot are up to the buyer and/or seller. There are no hard and fast rules- a holed coin like this is worth whatever it will fetch at auction, usually, since a dealer is almost certainly going to offer less than melt for it. Keep it, enjoy it, and maybe wear it on a chain, like somebody else likely did a century or two ago. It's a nice piece of historical old gold with a special date for us Americans. It's an ex-jewelry coin and will thus always be an ex-jewelry piece, even if you attempted to have it repaired (which would be a waste of money in my opinion- enjoy it as it is). Here's the [URL='https://www.ngccoin.com/price-guide/world/colombia-escudo-km-48.2-1772-1784-cuid-1067148-duid-1275367']NGC/Krause priceguide[/URL] listing for your coin (yet another page that is affected by one of their hilariously-stupid roboglitches in the VG prices- ignore that column).[/QUOTE]
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