A question about counterstamped coins..........
NumisOxide
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How much value does a counterstamp take away from a coin? I know that certain counterstamps tend to add value to the host coin but generally what would be the net value of the coin be.
Heres an example I'm just making up:
1864 Seated half dollar, problem-free AU- $350
1864 Seated half dollar, Counterstamped, host coin AU detail- $???
What would be an appropriate value for the counterstamped one???
Heres an example I'm just making up:
1864 Seated half dollar, problem-free AU- $350
1864 Seated half dollar, Counterstamped, host coin AU detail- $???
What would be an appropriate value for the counterstamped one???
0
Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If the CTSP is just random letters or #'s, then it will detract from the value.
There are no formulas. The bottom line is pay what you feel the item is worth. If it works, fine, if it doesn't then you still have your money and get to shop for something else.
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
eBaystore
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Keets---Those counterstamped commems are really neat. How rare are they and what do they usually cost? >>
<< <i>Keets---Those counterstamped commems are really neat. How rare are they and what do they usually cost? >>
There have been two instances in which Cleveland half dollars were counterstamped. The first was in 1941 when the West Reserve Numismatic Club counterstamped 100 Cleveland half dollars with a pair of dies. The occasion was the 20th anniversary of the club. The operation, which was illegal at the time because it was viewed as a defacement of U.S. coinage, was conducted under a level of secrecy. After the 100 coins had been stamped, the counterstamp dies were destroyed.
In 1971 the same organization counterstamped a very small number of Cleveland half dollars along with some silver dollars, foreign coins, tokens and silver bars. In this case the was only one counterstamp die. The side opposite the counterstamp was blank. The number of Cleveland half dollars that were counterstamped is not known for sure, but estimates run from 13 to 20 pieces.
As to value, I can’t tell you since I do not deal in these things. I have seen the 1941 version at a coin show a time or two, but they don’t come up that often.
from the published references by various authors the numbers are given as 100 or 200 struck for the 1941(top coin) and 10-12 for the 1971(bottom coin).
since i live in the Cleveland area i've been fortunate to talk with members of the club that struck these as well as other collectors who've done some research. for the 1941 20th Anniversary Counterstamp, there were supposedly 100 struck for club members at the time and then the dies were destoyed. subsequent to the strikings which were done in secret, the Treasury Depertment was alerted that the coins had been defaced and attempted to retrieve them, contacting the club and individual members. at the time what the club had done was illegal. apparently all were returned except 25-40. with the later issue, the laws had changed and it was no longer a violation to counterstamp the coins. other items were also done this second time, i have a silver one ounce bar and a 1921-D Morgan Dollar. as for the Cleveland Commemorative C'stamp from 1971, it's reported to have been a limited striking of less than 20 coins, probably due to the fact that members had to supply their own item to stamp. again, any dies were destroyed.
Heritage and more recently ANR have auctioned these in the past. the ANR auction from mid-March included Cleveland C'stamps from 1941, 1971 and 1996 along with various other items with the stamp. all sales were quite strong. the coins which had been slabbed by ANACS were net graded at MS60 and ANR described them as anywhere from MS62-64.
i've owned two of the 1941's which were both holdered by NGC at MS66 and one 1971 by NGC at MS63. i still own the two pictured, in consecutive NGC holders, the original ones that i found. the pictures represent them quite well and they appear to me to be original coins. so far as i know they came from the same owner, a longtime member of the Western Reserve Numismatic Club via a friend who sold one in a local club auction and another to a dealer who brokered the sale to me.