Counterstamped Coins

Discussion in 'Coin Chat' started by Mojavedave, Oct 2, 2013.

  1. Mojavedave

    Mojavedave Senior Member

    I know that older coins were counterstamped to assure others that the coin was real and a guarantee by the stamp. My question is why do people of today counterstamp coins. I have a wheat cent stamped with a Z and a 1973 Jefferson stamped with a 5. Do people actually collect these counterstamped coins ?

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  3. green18

    green18 Sweet on Commemorative Coins Supporter

    They most definitely do Dave. Another hobby niche...........:)
  4. Circus

    Circus Tokens Only !!

    To carry on a long tradition, and it may open somebody's interest in collecting.:D
    vlaha likes this.

    GDJMSP Numismatist Moderator

    There was a bit more to it than that. Typically a coin was countermarked/counterstamped to indicate either a change in its face value, or an acceptance of that coin at a declared value, often less but sometimes more than its face value, by a govt., country, or entity other than the one that issued the coin to begin with.

    Today it is done as more of a whim by private individuals, or by a company trying to advertise. Though for the most part companies stopped doing that a few decades ago.
    Mojavedave likes this.
  6. Conder101

    Conder101 Numismatist

    Often because someone just got a new set of punches and they cant wait to try them out. A coin often makes a convenient test object.

    The older counterstamps that can be traced to a particular issuer, yes. Anonymous letters or symbols, old or modern, usually not.
  7. vlaha

    vlaha Respect. The. Hat.

    Except for chop marks.

    GDJMSP Numismatist Moderator

    Yeah, kinda sorta. But chop marks aren't really countermarks, not in the sense that they are usually thought of.
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