Holled Fugio cent, what would you do ?

Here's a fugio cent that I pulled out of an old can of coins from my uncle. I read on the internet, in those days they use to put holes in certain coins and hang them on there doors to keep evil away weird. I know that the hole brings the value down alot. I was thinking to get the hole repaired (plugged) would this be wise to do ? Would it bring the value up or it doesn;t matter? What would you do? FEEDBACK APPRECIATED
The coin also looks like its a misaligned die. By the way I have no idea what the white spots are on the obverse it may be from my scanner not in person.

Thanks Jazzcoins Joe

:rolling:

 

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1) leave it alone.

#2) The hole was because people tied them together on a piece of cloth or string, supposedly so they wouldn't lose them.

 

Wow Jazz, You found that in an old can o' coins? What a find. I say leave it the way it is.

 

One of my Fugio's is holed and as far as I'm concerned, it doesn't hurt it since it doesn't keep me from attributing it. Yours is no different and since they were commonly holed, it just shows it was being used and not stuck in a drawer.

Furthermore, I believe you've got a winner there, because if my eyes haven't fully gone yet, it's a Newman 12-U (R-5):

http://www.coinfacts.com/colonial_coins/fugio_cents/fugio_cent_n012_U.htm

Great find! :thumb:

Ribbit

 

Thanks for your input. By the way green18, looking at the coin do you think it;s a misalighned die?

Jazzcoins Joe

 

Compare yours to the one I posted from CoinFacts. They are both alligned the same, slightly to the right.

Ribbit

 

I did take it to a coin dealer and he said it was authentic Is it possible that the hole is corrosion from over the years .
Thanks Jazzcoins Joe

 

Joe, you askin' da rong person. GD da man.

 

Thank you so much for that information I will try that.
Jazzcoins Joe

 

No offense but I think GD is seeing things.

 

Nice coin, the open area after a drilling would open up the fresh metal to moisture where as the outside of the raw coin would have started a patina. Im guessing this coin was holed sometime later in its lifespan. maybe 5 to 10 years after its birth.

 

It is also possible the nail was rusty? Plus, holes seem to attract debris so the hole will be likely to corrode before anything else.

Here's a 1787 M46-E New Jersey Cent that I have and it is also crudely holed:

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As is evident, there is crud in the hole but I can guarantee you this is authentic. I have 3 M46-E's and I got this one really cheap and will sell it someday for a slight profit.

I believe the OP coin is authentic but you never know. hya:

Ribbit

CORRECTION - I don't have 3 M46-E's, it's the 1787 M38-Y that I have 3 of. So that holed coin is the only one I have of that variety so I won't be selling it until I get a better replacement. But I dew have 2 M38-Y's that I don't need.

 

Question HandsomeToad I Would like to send this to a granding company to see if it;s authentic.I know that some companys will not grade damage coins any suggestions on a company that would
Thanks again Jazzcoins Joe

 

I believe the 2 that will authenticate it, without a hefty surcharge (PCGS), are ANACS & NCS. As to which to go with, I think it doesn't really matter but if it were me, I'd go with NCS since you can establish yourself with them and if you ever have something that needs some TLC, they'd be the ones to send those to.

Ribbit

 

The Cave Troll collects holed coins in a Dansco 7070 album. There's no hole for America's first authorized coin(s) in the 7070 as it starts cents with the year 1800.

Very best regards,
collect89

 

Doesn't Hobo also collect holed coins? :thumb:

Ribbit

 

I would keep it in TheNoosts safe, you can too!

 

Or for authentication purposes.

Ribbit