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<p>[QUOTE=&quot;gxseries, post: 2156970, member: 4373&quot;]Overstrike coins are quite interesting and it&#039;s a really niche market. Somewhat underrated and not well studied. Even less is the history of them. I&#039;ve only known the Russian overstruck coins and that proved to be a handful. Of course that includes the famous US 1804 dollar coin overstruck over Swiss thaler. </p><p><br /></p><p>They used to be available really cheap but these days it may not necessary be the case. This makes it a bit harder for me but overall it&#039;s actually a good sign for collectors to gain more knowledge.</p><p><br /></p><p>To be honest, it&#039;s hard to gauge the prices of overstrike coins. Yes, I know you can start arguing about prices being relative to grades but with overstrike coins, what makes it more interesting is how much details is preserved with the overall appearance. This actually presents a lot of history behind it. </p><p><br /></p><p>A god example that I have is a Russian 1757 1 kopek. Sure, it is very common and the grade is average. Look up in a catalog value and it probably wouldn&#039;t sell for more than 20 dollars give and take. How about a Swedish 1 ore coin struck around that era? Similar value, if not less. But how about a 1757 1 kopek over such 1 ore? Hard to price but I can assure you that it is not common at all. Not well documented in many catalog Price wise, I&#039;ve seen it go for over 10 - 200+ dollars, depending on how they were advertised and how hard buyers want to pay for it. Put the price aside - that is a lot of history from just one coin alone! </p><p><br /></p><p>Another similar example of a crazily priced overstruck coin that I can remember off hand is the Austrian zinc coins overstruck over German Nazi coins. This type of coin would normally go for just a few dollars at most. If they are overstruck, most of them that I have seen had little details of the original host coin. There was a couple of really nice UNC coins with very strong feature of the underlayer, with the year and mintmark present. That went for more than a few hundred dollars - I think it was closer to 600 dollars. At that time I thought it was quite absurd but now that I try to find a similar example, they prove to be very difficult. </p><p><br /></p><p>In short, I think overstruck coins are a different field to price and it&#039;s really up to buyers to decide what they want to pay for. Certainly not melt value if the coins are in decent condition.[/QUOTE]</p><p><br /></p>

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