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<p>[QUOTE=&quot;johnmilton, post: 25227464, member: 101855&quot;]Most collectors I have known say that a hole is the worst. That goes double for one that is ragged and not smooth, like one made by a nail.</p><p><br /></p><p>As for that coin, yes, the Panama-Pacific $2.50 gold coin is scarce, but the vast majority of collectors who want one are looking for a Mint state piece, preferably in high grade. Most collectors with low budgets are not shopping for the coins in the Panama-Pacific set. This piece, which had probably been used for jewelry, would be a tough sell if you paid well over melt for it.</p><p><br /></p><p>BTW I have seen one Panama-Pacific $50 gold piece that would have gone with this coin. The story was it was found in the wall of a building that was being torn down. It was scratched and bent if I remember correctly. PCGS put the piece in a &quot;genuine&quot; holder. A dealer had it on the national show circuit for over a year. The asking price was $20,000. I don&#039;t what someone ultimately paid for it.[/QUOTE]</p><p><br /></p>

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