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Cool mason penny someone in my metal detecting forum found
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<p>[QUOTE="Drusus, post: 634342, member: 6370"]This is not at all a true statement.</p><p> </p><p><br /></p><p> </p><p>this means nothing at all, but then again I do not follow such trends in collecting to give 2 spits about a 'system' as such.</p><p> </p><p>to say these coins are worthless is laughable and completely incorrect. Numismaticly they are worth more than the penny itself was...in some cases, if the topic of the counter stamp is interesting enough...it would be worth FAR more. Numismatic worth is dictated, in the end, by how much a collector is willing to pay and certainly there are many collectors who would pay quite a bit for such a numismatic oddity...and pay well over a penny.</p><p> </p><p>To say a coin like this is numismaticly worthless would also being saying a hobo nickel is worthless...and indeed most genuine or well carved hobo nickels are worth, numsmaticly, Many THOUSANDS of times more than the coin itself. What a stupid TPG company would call it means less than nothing...they dont... and god help us if they (being a for profit business) EVER set the standard for what is or isnt numismaticly worthy. When a normal coin with a face value of 1 cent sells for 100 USD...that is numismatic worth...you are paying 100 USD for something that is actualy worth 1 cent (or whatever actual material value which would be what melt is at the time) because of some other factors that have made that coin far more desirable and thus worth more...this is the case with counterstamped or carved coins...often times their worth is far more than the face value (or melt) of the coin because it has become far more desirable.</p><p> </p><p>I guess if I sent these coins to one of those companies:</p><p> </p><p><img src="http://www.cachecoins.org/hobonickelimp.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p> </p><p><img src="http://www.cachecoins.org/hobonickelcent.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p> </p><p>they would come back as damaged and upgradable? I wouldn't know as I have never thrown money away to have someone else do my work for me, that is to evaluate the coins I buy for my hobby...or should I say I have never spent money on a cheap plastic container for coins and a label...</p><p> </p><p>I paid quite a bit for these two coins, they are works of art and numismaticly speaking, they are worth a lot of money and far more than the nickel they were carved from. I could probably buy several nice ancient coins for the price of these two coins. Many counter stamped or altered coins sell for more, in the end, because the stamp or alteration often brings unique character, history and thus interest to a coin that otherwise would be much the same as all others. Thus it becomes more desirable, thus the numismatic value goes up.</p><p> </p><p>So, numismaticly speaking, these counter stamped Masonic pennies are worth FAR more than a penny (or its melt value) and worth what collectors will pay for them..there are people who collect such things, I would certainly happily put one into my collection.[/QUOTE]</p><p><br /></p>
[QUOTE="Drusus, post: 634342, member: 6370"]This is not at all a true statement. this means nothing at all, but then again I do not follow such trends in collecting to give 2 spits about a 'system' as such. to say these coins are worthless is laughable and completely incorrect. Numismaticly they are worth more than the penny itself was...in some cases, if the topic of the counter stamp is interesting enough...it would be worth FAR more. Numismatic worth is dictated, in the end, by how much a collector is willing to pay and certainly there are many collectors who would pay quite a bit for such a numismatic oddity...and pay well over a penny. To say a coin like this is numismaticly worthless would also being saying a hobo nickel is worthless...and indeed most genuine or well carved hobo nickels are worth, numsmaticly, Many THOUSANDS of times more than the coin itself. What a stupid TPG company would call it means less than nothing...they dont... and god help us if they (being a for profit business) EVER set the standard for what is or isnt numismaticly worthy. When a normal coin with a face value of 1 cent sells for 100 USD...that is numismatic worth...you are paying 100 USD for something that is actualy worth 1 cent (or whatever actual material value which would be what melt is at the time) because of some other factors that have made that coin far more desirable and thus worth more...this is the case with counterstamped or carved coins...often times their worth is far more than the face value (or melt) of the coin because it has become far more desirable. I guess if I sent these coins to one of those companies: [IMG]http://www.cachecoins.org/hobonickelimp.jpg[/IMG] [IMG]http://www.cachecoins.org/hobonickelcent.jpg[/IMG] they would come back as damaged and upgradable? I wouldn't know as I have never thrown money away to have someone else do my work for me, that is to evaluate the coins I buy for my hobby...or should I say I have never spent money on a cheap plastic container for coins and a label... I paid quite a bit for these two coins, they are works of art and numismaticly speaking, they are worth a lot of money and far more than the nickel they were carved from. I could probably buy several nice ancient coins for the price of these two coins. Many counter stamped or altered coins sell for more, in the end, because the stamp or alteration often brings unique character, history and thus interest to a coin that otherwise would be much the same as all others. Thus it becomes more desirable, thus the numismatic value goes up. So, numismaticly speaking, these counter stamped Masonic pennies are worth FAR more than a penny (or its melt value) and worth what collectors will pay for them..there are people who collect such things, I would certainly happily put one into my collection.[/QUOTE]
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Cool mason penny someone in my metal detecting forum found
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