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<p>[QUOTE=&quot;TypeCoin971793, post: 2429608, member: 78244&quot;]Sorry I haven&#039;t gotten back sooner. I needed to wait for a chance to look at the dollar in-hand before I answer your questions.</p><p><br /></p><p>One would naturally think that a holed coin would only be used for a necklace or something of the sort. However, there are two problems with that theory when applied to this coin:</p><p><br /></p><p>1. The seated dollar is BIG and HEAVY, not something a rational person from the mid-1800&#039;s would casually wear.</p><p><br /></p><p>2. If this was used on a necklace, I would expect there to be wear on the inside of the hole due to friction with the necklace itself. I don&#039;t see any in this case. I have a Roman antoninianus with a hole in it that I put on a necklace and wore for a couple years. In those couple of years, the hole was greatly worn. I also have a Chinese spade that has an out-of-round hole because it was put on a necklace and used as a charm.</p><p><br /></p><p>[ATTACH=full]504676[/ATTACH] </p><p><br /></p><p>As joecoincollect mentioned, there is no way to tell what has happened to this coin in its 170-year existence. Perhaps the hole was drilled so that the coin could be hung on a wall, or to siphon some of the silver. This coin has circulated, and that could have been caused by being used as jewelery (but one would expect the reverse to be less worn than the obverse, right?). Maybe the coin was pulled out of circulation, holed for some reason, and was refused in commerce bedause of the reduced weight, which would explain why this coin is not below the VF level. However, the raised areas caused by the hole being drilled show wear, which means the coin was circulated in some way after being holed. These areas have the lightest toning, so I think that the coin was holed after it had circulated for some time.</p><p><br /></p><p>Yes, there is more black on the obverse than on the reverse. I don&#039;t know what you mean by &quot;I&#039;ve always held that Seated-era coinage toned while still circulating, and am less worried about seeing dark areas adjacent to &quot;clean&quot; (untoned) areas on circulating examples for that reason, as long as the color is in the appropriate protected areas.&quot; The entirety of this coin is toned, just to a greater degree in some areas than others.[/QUOTE]</p><p><br /></p>

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