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<p>[QUOTE="AthensHunter, post: 1245320, member: 29025"]Excellent example. Even with damage as significant as that cut, that coin is a beautiful coin to me. I realize it's value is severely diminished, but as others mentioned previously, so long as you realize what you're getting into from the get-go, I see it as a good investment and an interesting piece of a collection.</p><p><br /></p><p>I'll post some photos of my problem coins, some of which have very modest damage, but were priced as if they had the center drilled out. I think it's this imbalance of pricing among problem coins that made me start the thread, as these differences in prices are obviously a result of different collectors valuing the coins differently. I know I've said it a few times already, but to me, having of a coin that has a mintage of 5,000 is powerful even if it's damaged. Sure, I'd love to have a problem-free example, but when I could never afford such, a problem example is a good alternative. </p><p><br /></p><p>Also, addressing an earlier question as to investing in rare problem coins vs. less-rare problem-free coins, let me ask this: </p><p><br /></p><p>Which coin's value is likely to increase more (% wise) over the next 25 years--an 1801 draped bust half, mintage 30,289 in VG8 (~$1,500) with a deep scratch, or an 1854-O seated half, mintage 5,240,000 in AU50 (~$325) with no problems at all? Assume each coin can be had for $250.00 from a dealer. This is of course a quick example with two coins I chose mainly due to their differences in mintage. </p><p><br /></p><p>Really great replies here so far! Thanks.[/QUOTE]</p><p><br /></p>
[QUOTE="AthensHunter, post: 1245320, member: 29025"]Excellent example. Even with damage as significant as that cut, that coin is a beautiful coin to me. I realize it's value is severely diminished, but as others mentioned previously, so long as you realize what you're getting into from the get-go, I see it as a good investment and an interesting piece of a collection. I'll post some photos of my problem coins, some of which have very modest damage, but were priced as if they had the center drilled out. I think it's this imbalance of pricing among problem coins that made me start the thread, as these differences in prices are obviously a result of different collectors valuing the coins differently. I know I've said it a few times already, but to me, having of a coin that has a mintage of 5,000 is powerful even if it's damaged. Sure, I'd love to have a problem-free example, but when I could never afford such, a problem example is a good alternative. Also, addressing an earlier question as to investing in rare problem coins vs. less-rare problem-free coins, let me ask this: Which coin's value is likely to increase more (% wise) over the next 25 years--an 1801 draped bust half, mintage 30,289 in VG8 (~$1,500) with a deep scratch, or an 1854-O seated half, mintage 5,240,000 in AU50 (~$325) with no problems at all? Assume each coin can be had for $250.00 from a dealer. This is of course a quick example with two coins I chose mainly due to their differences in mintage. Really great replies here so far! Thanks.[/QUOTE]
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