Messed up Morgan

My father in law recently purchased a few Morgan dollars. One of them has a hole drilled in it. So my questions. Why would someone do this? I can only come up with someone using it as a necklace or something. The other question is, it is a relatively small hole, so how much does that lower the bullion value? I know you cant be precise, but just a rough guess. He paid $15 for it.

 

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A hole in it? could be used for jewlery back in the 1800s. It shouldn't lower the BULLION, melt is melt.

 

he did just fine

 

Melt value should be about $30.

 

Silver value is more than the $15 he paid. Tell him good job.

 

I'd buy silver dollars with holes at $15 all day long!

 

He meant the silver removed, I think. I would buy that silver at that price all day, or till I killed the bank account

 

OK, good. I told him a small hole wouldn't do that much damage to melt value. But, since I am still pretty new to coins, I thought it would be best to ask. Thanks for your help everyone.

 

Good deal for a coin with a melt value of $26.15.

 

Holed silver coins are always worth their scrap melt value.

http://www.coinflation.com/coins/1878-1921-Silver-Morgan-Dollar-Value.html