Holed Coins

Discussion in 'Coin Chat' started by Chip Kirkpatrick, Mar 14, 2019.

  1. Chip Kirkpatrick

    Chip Kirkpatrick Active Member

    I have been metal detecting a site where first a house sat ( until it burned to the ground) and then 2 restaurants and have found a number of relics and coins.

    My two favorite finds from here are a pair of Seated Half dimes. One is an 1853 and the second is an 1860. I am truly amazed at how much detail remains on both.

    However the 1853 was holed and I’m just curious: how much effect does a hole have on a coin’s value? A5FF6E17-98DF-4445-A2F3-0E67C8A89972.jpeg 28686DCC-CBD7-4AEF-95D7-B2F79E88353A.jpeg
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Really cool finds!

    A hole in a coin generally takes away 50% to 90% of its value, I've read here, but it depends entirely on the coin -- rarities can still be valuable even when holed.

    There are a few people who seek out holed coins to collect, but most collectors want nothing to do with them. Thus, the lower prices.

    I sold this one (slabbed as PCGS XF Details) for more than two-thirds the price guide value of an undamaged XF example -- I found the right buyer, who was doing a set of impaired proof Trade dollars.

    [​IMG]

    [​IMG]

    Haven't yet found the right buyer for this one: :rolleyes:

    [​IMG]
     
  4. Mainebill

    Mainebill Wild Bill

    I think it’s a big deterrent on a 53 arrows as it’s a common date. I’d say it’s about a $10-15 coin with the hole The 60 is a nice coin though
     
  5. Mainebill

    Mainebill Wild Bill

    Holey crap. Thats wild. The holes contemporary with the wear
     
  6. NumisNinja

    NumisNinja Active Member

    I've bought a lot of cleaned details and overpriced coins, but I'd simply never buy a holed coin. Just something as a collector I told myself I'd never lower myself to. It's too much of a distraction imo.
     
  7. Hookman

    Hookman Well-Known Member

    I collect holed coins. PM me if you want. I'd buy it for the right price (read that as really low).
    1878 Morgan? Those holes remind me of the ears on some women I've known.
     
  8. Hookman

    Hookman Well-Known Member

    Hey Kirk, Welcome to Coin Talk !!

    Those are some cool finds.
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    It was a fun story. Definitely one of my most intriguing finds. I'm glad it found a home with someone who appreciates it; I think it had a close brush with the melting pot before I rescued it.
     
    HoledandCreative likes this.
  10. johnmilton

    johnmilton Well-Known Member

    Among all of the possible defects that befall a coin, a hole is among the worst. It’s something that is hard to overlook. A well done repair can restore a fair amount of the value, but good repairs are expensive and only worth for something that is truly popular and very scarce or rare.

    There is one exception, but even there some collectors won’t buy it. In the area of political tokens, a hole can be a sign that a piece was made to be used in a campaign. As such it lends more authenticity to the piece. Some pieces that are not holed were made for contemporary collectors at the campaigns were finished. Some advanced collectors don’t view them in a totally favorable light.
     
    Randy Abercrombie likes this.
  11. Bert Gedin

    Bert Gedin Well-Known Member

    I've got a perforated Coin of Moses - Holey Moses !!!
     
    Noble One likes this.
  12. BRandM

    BRandM Counterstamp Collector

    I like the coin despite the hole, jeffB. I collect counterstamped coins so holes generally aren't of a great concern...unless it's really bad. The main thing for most counterstamp guys is the stamp itself. The coin's condition is a secondary concern.

    BTW, do you remember what the engraving said? I can't read it from the pic.

    Bruce
     
    Hookman likes this.
  13. b45

    b45 Junior Member

    I will not buy a holed coin, much to detective for my taste.
     
  14. KSorbo

    KSorbo Well-Known Member

    If I can’t afford an example of a coin without a hole in it then I can’t afford the coin. Definite show stopper.
     
  15. Mainebill

    Mainebill Wild Bill

    I don’t often buy holed coins. But I couldn’t not buy this EBA987DF-6104-4917-A2A7-0E995AAA2058.jpeg B559FDEE-93A2-43F1-8255-92AA92146D1C.jpeg
     
    -jeffB, Hookman and genXmetalfan like this.
  16. genXmetalfan

    genXmetalfan Supporter! Supporter

    @Mainebill , that is gorgeous. Thank you for showing it.
     
    Mainebill likes this.
  17. -jeffB

    -jeffB Greshams LEO Supporter

    "Buffington Thanksgiving". Google wasn't especially helpful.
     
  18. BRandM

    BRandM Counterstamp Collector

    Odd thing to engrave on a coin, jeffB. Thanks for the info.

    Bruce
     
  19. Bert Gedin

    Bert Gedin Well-Known Member

    Buffington could be a place name or a family name. Could Buffington Thanksgiving be a celebration of pilgrims with the Mayflower ? Only asking.
     
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