whats a rare coin with a hole worth?
sinin1
Posts: 7,500 ✭
Say you have an opportunity to by a key date rare coin - the only problem is it has a hole drilled in it because 150 years ago some guy put it in a necklace to declare his undying love for a lady he wants to be his wife -
Anyway how do you value it today?
Will NCS or ANACS net grade them with the hole still there? Say it would have been an XF40, what would they call it?
Has PCGS or NGC ever put into a slab a coin with a hole drilled in it that did not leave the mint that way?
Say a rare coin would be worth $500 if intact, what would you value it as with the hole?
Anyway how do you value it today?
Will NCS or ANACS net grade them with the hole still there? Say it would have been an XF40, what would they call it?
Has PCGS or NGC ever put into a slab a coin with a hole drilled in it that did not leave the mint that way?
Say a rare coin would be worth $500 if intact, what would you value it as with the hole?
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Comments
The percentage goes up with the grade, i.e. an AU holed coin is worth proportionately more of the Trends value than a VG holed coin.
But don't collect this stuff, it is just junk
Tom
I think, though, that it may have other problems besides just the hole.
Russ, NCNE
Can you point out the other problems? Just can't seem to put a finger on it.
It's nice to see that you're learning about other series' and problems other than haze and spotting!
K S
It's a little known fact that all coins have holes in them. They're very small, but they're there. Protons and neurons spin around each other like playground children holding hands creating microscopic holes in the coin. Proof of this is evidenced with X-Rays. Stack an Ike on top of a mint state chain cent (to demonstrate the time of minting has no effect) and then stack thow two coins on top of a three cent nickel. Tape them together and then tape the three of them to the bottom of a suitcase. Put a loaded handgun in the suitcase and then buy a ticket to Wahington DC.
When you go through the metal detector, claim your baggage (they'll want to talk to you) and later, ask you lawyer to obtain copies of the x-rays.
In those copies you'll see the outliines of the three coins stacked on top of each other, proving the existence of the tiny holes which allows the smaller coins to be seen.
So, don't let a little hole bother you. You'll have plenty of other things on your mind.
adrian
It's nice to see that you're learning about other series' and problems other than haze and spotting! "
Good one.
Could the fact that the composition of all 3 coins is DIFFERENT be the reason? I think it is.
Could a quark pass through a coin without changing the coins density and weight?
T
Those coins would not have holes for long. It would be worth it to have them plugged and repaired, usually by the fellow in Kentucky, who often does a great job. Sometimes he does such a great job that the crooks sell the coin as a "no problem" piece.
BTW I saw an 1848 CAL $2.50 gold piece that had been holded and turned into a love token (obverse was a love token) sell for $1,250.00.
Total Copper Nutcase - African, British Ships, Channel Islands!!!
'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'
I ask because all my best holed coins are attached to my hat
<< <i>"Protons and neurons" LMAO no wonder coin dealers are so nervous!
Amazing....Neurons can pass through coins? that would be weird? On the other hand, I guess tiny particles like electrons, neutrons, and protons wouldn't be so weird. Maybe that's what was meant....
I am sure he was tempted to take matters into his own hands when he came down to the last few "holes"
What was meant and what was actually said are not the same. I am sure that the poster being an attorney would not hesitate to use this little difference to his advantage in a court of law if needed. We know he probably meant neutrons and it was likely a typo, but in a legal situation it is not necessarily what you meant to say but what you actually did say that counts.
I belive you mean to say that most of an atom is empty space. It is hard to imagine a more compact arrangement of atoms than pure metals.
<< <i>" It is hard to imagine a more compact arrangement of atoms than pure metals." >>
Actually that is not true, most folks can imagine diamond, which has a more compact arrangement than most metals. Diamond has a face centered cubic arrangement of atoms plus more atoms (of the same element) in half of the tetrahedral holes. Coinage metals just merely have a face-centered cubic arrangement.
Tom
Isn't it amazing how these threads seem to change course.
Also, what if a single atom of carbon-14, uranium (235 or 238), some radio-gold, or tritium were to get into a coin. Would the disentegration of the atom cause a (sub-atomic) hole? or would some of the alpha, or beta particles alter other atoms in the coin? As you can see, the PCGS boards are fun, but completely useless information wise (unless you want to discuss subatomic stuff).