gold plated 1984 50 c

I would spend it too. I don't see any extra value either like some members mentioned. I too don't understand why people would do this other than for a quick buck from an unsuspecting rookie.

I've also seen similar coins been advertised on TV for just $19.99 when in fact, they are worth nothing more than a few cents over face value. And I truly believe there are people out there that buy them because they know nothing about coins but see these commercials/advertisements as a good investment?

Anyhow, IMO, it is worth nothing so I would just spend it so I don't have unpaid attention coins next to my collection.

 

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Since you got it for face value, if I were you my plan would be to find someone who wants to pay more than that for it, and make some money. You may not make much, but if you could sell it for a dollar you would be making a 100% profit.

 

I toss these back every time. They're worth $0.50, no more, no less, and anybody who'd pay more than that for one is a sucker, imho.

 

Yeah, I might pay a buck for it, but only because of the counterstamp. Having said that, I wouldn't go out of my way to buy it. I collect counterstamps, but this one isn't particularly appealing.

Bruce

 

If you can get an Indian head penny for it I would say you've done good!

 

One man's trash is another man's treasrue. Collecting counterstamps has become serious business, but for years the vintage c/s coins were looked down upon.

As for modern counterstamps? Only time will tell. I would never pay a big premium for an artificial, concocted collectable, but when the specimens show up in pocket change they are certainly worth saving (or selling to someone who appreciates them). Depending on the counterstamp, on a good day (an EXCEPTIONALLY good day), a JFK or IKE with the types of markings discussed here can bring on eBay almost as much as a 40% silver coin. (How many people would throw a 40% back into circulation?)

I fully understand if someone does not want to personally collect this stuff, but collecting them is a perfectly valid specialty. I for one love to see modern counterstamped coins - I do not anticipate many of our modern coins will ever have any collector value in circulated condition, so a c/s can only enhance the value. I also predict that some of the modern counterstamps being dismissed by collectors today will be worth quite a bit of money decades from now.

 

I couldn't agree more Jeff. Everyone should collect what really interests them. The fact that Dave Bowers, Anthony Terranova and other prominent coin collectors avidly collect and research counterstamps certainly gives that segment of the hobby credibility. To each his own I say.

Bruce