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I just paid $1600 for a problem coin - here's a pic

claychaserclaychaser Posts: 4,406 ✭✭✭✭
1795



<< <i>image
image >>



==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades



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    TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    Great details, but it's pretty hard to block that 5 out of your mind when looking at it.
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    Type2Type2 Posts: 13,985 ✭✭✭✭✭
    Very cool. image


    Hoard the keys.
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    MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    Nearly bid on it myself. Cool coin!
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    illini420illini420 Posts: 11,585 ✭✭✭✭✭


    << <i>Great details, but it's pretty hard to block that 5 out of your mind when looking at it. >>



    Unless that "5" is one of the main reasons that you wanted the coin image

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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    imageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    Could always look at it as a big ear ring image

    Steve
    Promote the Hobby
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    numismanumisma Posts: 3,877 ✭✭✭✭

    Wow! Great deal on that one. Historic and beautiful at a very low price.
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    BaleyBaley Posts: 22,663 ✭✭✭✭✭
    I'm a collector that could tolerate that 5 for the price, if the number had some significance to me, I'd buy such a coin with a meaningful counterstamp or inscription.

    Look at the details and surfaces you're getting.. the thing about "damaged" 200+ year old coins, they are less likely than "nice" coins to have been cleaned over the years.

    Liberty: Parent of Science & Industry

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    crazyhounddogcrazyhounddog Posts: 14,230 ✭✭✭✭✭
    I really like that. Very cool image
    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
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    cheezhedcheezhed Posts: 6,339 ✭✭✭✭✭
    image
    image
    Many happy BST transactions
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    DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    I too cannot get past the "5".
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    CalGoldCalGold Posts: 2,608 ✭✭


    << <i>A NICE counterstamped coin at a discount.... >>



    A discount from what? Is there an established market value for bust $ with a narly planchet flaw and an enormous 5 stamped in prime focal area?

    CG
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    Just couldn't do it.
    Let's try not to get upset.
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    CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    Isn't that just an american chop mark?
    Gold and silver are valuable but wisdom is priceless.
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    291fifth291fifth Posts: 25,206 ✭✭✭✭✭
    A major negative in a prime visual area.
    All glory is fleeting.
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    MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>

    << <i>A NICE counterstamped coin at a discount.... >>



    A discount from what? Is there an established market value for bust $ with a narly planchet flaw and an enormous 5 stamped in prime focal area?

    CG >>



    I like the planchet flaw. A coin with character.
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    DCWDCW Posts: 7,846 ✭✭✭✭✭
    Great details and surfaces as already stated, but for the money I think I'd rather pick up one with more wear, less "5"s.

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

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    crispycrispy Posts: 792 ✭✭✭




    "What scar?" From Cool Hand Luke


    Just kidding. Great movie and if you're "cool" with this historic coin, that's all that really matters.
    Congrats.






    "to you, a hero is some kind of weird sandwich..."
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    I like it a lot, that's over 80% off and non-nerds will be just as impressed
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    lasvegasteddylasvegasteddy Posts: 10,492 ✭✭✭
    just 4 more to go right...image

    awesome example
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


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    NumisOxideNumisOxide Posts: 11,043 ✭✭✭✭✭
    I think that's a great piece. I wonder what the significance of the "5" was. Great details
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    WeissWeiss Posts: 9,942 ✭✭✭✭✭
    That's one "5" away from being a great coin!
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
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    jayPemjayPem Posts: 4,097 ✭✭✭✭✭


    << <i>I like it a lot, that's over 80% off and non-nerds will be just as impressed >>



    image Yep.
    It'd fit right in to my collection...and it'd be a very cool coin for showing to non-nerd friends.

    I've noticed that coins dated from the 1700's are especially impressive to non collectors. I've also noticed that anything in a slab is very non interesting to non collectors...image
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    AblinkyAblinky Posts: 628 ✭✭✭
    I personally think this is really neat, I don't really understand all of the negativity. This coin is an awesome piece of not only numismatics but Americana because who knows where that "5" came from. I know I would be proud to own such a piece.

    Andrew Blinkiewicz-Heritage

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    BryceMBryceM Posts: 11,937 ✭✭✭✭✭
    I think it's a pretty cool coin. No problem, as the price is reasonable. Still, I want to get in the time machine & go smack the guy who did it in the head.
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    << <i>Great details and surfaces as already stated, but for the money I think I'd rather pick up one with more wear, less "5"s. >>



    I don't think you can find one straight graded in any grade at PCGS for that price
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    ms70ms70 Posts: 13,958 ✭✭✭✭✭
    What's the problem? image
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    wfojonnywfojonny Posts: 234 ✭✭
    Hmmmm . . . .would that be a candidate for Stockton? He sure couldn't hurt it . . .
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    determineddetermined Posts: 771 ✭✭✭
    I like that coin. The 5 is a part of the history of the coin. An interesting and cool coin. image
    I collect history in the form of coins.
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    Walkerguy21DWalkerguy21D Posts: 12,117 ✭✭✭✭✭


    << <i>Hmmmm . . . .would that be a candidate for Stockton? He sure couldn't hurt it . . . >>


    That was my thought....it would still be a problem coin, but with much better first glance eye appeal, and still at a fraction
    of the price of a lower grade problem free piece. I will also admit I've paid more $ than the OP did for early 'genuine' large cents.



    Successful BST transactions with 177 members. breakdown, scotty1419, mattniss, bigjpst, onlyroosies, Manorcourtman, guitarwes, Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
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    luckybucksluckybucks Posts: 1,318 ✭✭✭
    The 5 is a major negative. Unless it could be restored to a degree, I would not touch that one. Otherwise, it is a very nice early dollar.
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    NapNap Posts: 1,772 ✭✭✭✭✭
    I appreciate the coin. I have no idea what the value is, nor whether you paid a reasonable price. I think as a large classic coin with nice circulated detail, this example stands on its own merit and is one that most collectors would like to have in their collection.



    << <i>

    << <i>I like it a lot, that's over 80% off and non-nerds will be just as impressed >>



    image Yep.
    It'd fit right in to my collection...and it'd be a very cool coin for showing to non-nerd friends.

    I've noticed that coins dated from the 1700's are especially impressive to non collectors. I've also noticed that anything in a slab is very non interesting to non collectors...image >>



    Most non-collectors will be more impressed with a $10 Roman bronze than a $10000 classic US coin.
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    CMCARTCMCART Posts: 1,409 ✭✭✭
    image
    Abraham Lincoln (February 12, 1809 – April 15, 1865)
    5$ bills are WOW with the numbers - wanted:
    02121809
    04151865
    Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
    Wanted - 10$ Sereis 2013 - fancy Serial Numbers
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    orevilleoreville Posts: 12,310 ✭✭✭✭✭
    Very nice coin.

    It evokes different thoughts from many collectors.

    Personally, I would have liked the 5 more on the reverse. Just my taste. But we can appreciate others liking it just as it is as well as not.

    What is the story behind the "5" counterstamp?
    A Collectors Universe poster since 1997!
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    UtahCoinUtahCoin Posts: 5,366 ✭✭✭✭✭
    The rare "1795/5" misplaced date variety.

    Seriously, a very cool coin.
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭
    This is a well-known counterstamp. It emanates from a small cutlery shop in Philadelphia in the early part of the 19th century. A store clerk, Christopher Paseda, had recently emigrated from southern Spain and was learning a new language and the complex monetary system at the time (recall that silver coins from around the globe circulated in the US at the time). Local banks accepted coins for deposit only based on weight and reported purity. The cutlery shop kept a registry of silver and gold coins accepted to assist with bank deposits. All this was confusing to the new immigrant, so he devised his own system of identification. With the help of Eunice Mannery, the shop owner's young daughter (who later became his wife), he marked coins as to the country of origin. The '5' simply represents the fifth country on his list, following England, France, Germany, and Mexico.

    Oh, and one more thing, that story is total BS, but I needed to do something while I drank my coffee this morning.
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭
    And like Realone said ... cobgrads!
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    chiefbobchiefbob Posts: 1,077 ✭✭✭


    << <i>This is a well-known counterstamp. It emanates from a small cutlery shop in Philadelphia in the early part of the 19th century. A store clerk, Christopher Paseda, had recently emigrated from southern Spain and was learning a new language and the complex monetary system at the time (recall that silver coins from around the globe circulated in the US at the time). Local banks accepted coins for deposit only based on weight and reported purity. The cutlery shop kept a registry of silver and gold coins accepted to assist with bank deposits. All this was confusing to the new immigrant, so he devised his own system of identification. With the help of Eunice Mannery, the shop owner's young daughter (who later became his wife), he marked coins as to the country of origin. The '5' simply represents the fifth country on his list, following England, France, Germany, and Mexico.

    Oh, and one more thing, that story is total BS, but I needed to do something while I drank my coffee this morning. >>



    Cobgrads to you, too, for a fine numis-tale, albeit a falsehood. Your counter-stamped avatar gave credence to your story.
    Retired Air Force 1965-2000
    Vietnam Vet 1968-1969
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    PerryHallPerryHall Posts: 47,584 ✭✭✭✭✭


    << <i>A major negative in a prime visual area. >>



    Agree. Pass at that price.

    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

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    PerryHallPerryHall Posts: 47,584 ✭✭✭✭✭
    If that were my coin I would have Allen Stockton expertly repair that coin. I would leave the planchet flaw alone since it was mint created. Stockton does expert work and his repairs are virtually undetectable. Let's face reality---that 5 is nothing more that vandalism on that coin. After the repair I'd get the coin reslabbed. It wouldn't bother me that the label would say "Genuine--Repaired". I could at least then enjoy looking at that coin without grimacing. Of course, this is only my opinion.

    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

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    MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>If that were my coin I would have Allen Stockton expertly repair that coin. I would leave the planchet flaw alone since it was mint created. Stockton does expert work and his repairs are virtually undetectable. Let's face reality---that 5 is nothing more that vandalism on that coin. After the repair I'd get the coin reslabbed. It wouldn't bother me that the label would say "Genuine--Repaired". I could at least then enjoy looking at that coin without grimacing. Of course, this is only my opinion. >>



    I see a repaired coin as a form of vandalism as well. Coins were manufactured to circulate as currency and face whatever fate that such activity generated, including a big 5 at a center focal point.

    Glad that the coin found a good home with a forum member.
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    TwoSides2aCoinTwoSides2aCoin Posts: 45,086 ✭✭✭✭✭
    There's someone who can putty it and make it worth more.
    I'd give you his name, but then my life would be in danger.
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    << <i>If that were my coin I would have Allen Stockton expertly repair that coin. I would leave the planchet flaw alone since it was mint created. Stockton does expert work and his repairs are virtually undetectable. Let's face reality---that 5 is nothing more that vandalism on that coin. After the repair I'd get the coin reslabbed. It wouldn't bother me that the label would say "Genuine--Repaired". I could at least then enjoy looking at that coin without grimacing. Of course, this is only my opinion. >>

    I'm just curious what Allen Stockton would charge to repair that coin, would anyone have any ideal?
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    CaptHenwayCaptHenway Posts: 34,006 ✭✭✭✭✭
    It is what it is. THe price seems about right for what it is.
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>This is a well-known counterstamp. It emanates from a small cutlery shop in Philadelphia in the early part of the 19th century. A store clerk, Christopher Paseda, had recently emigrated from southern Spain and was learning a new language and the complex monetary system at the time (recall that silver coins from around the globe circulated in the US at the time). Local banks accepted coins for deposit only based on weight and reported purity. The cutlery shop kept a registry of silver and gold coins accepted to assist with bank deposits. All this was confusing to the new immigrant, so he devised his own system of identification. With the help of Eunice Mannery, the shop owner's young daughter (who later became his wife), he marked coins as to the country of origin. The '5' simply represents the fifth country on his list, following England, France, Germany, and Mexico.

    Oh, and one more thing, that story is total BS, but I needed to do something while I drank my coffee this morning. >>



    Fool me once imageimageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    PerryHallPerryHall Posts: 47,584 ✭✭✭✭✭


    << <i>

    << <i>If that were my coin I would have Allen Stockton expertly repair that coin. I would leave the planchet flaw alone since it was mint created. Stockton does expert work and his repairs are virtually undetectable. Let's face reality---that 5 is nothing more that vandalism on that coin. After the repair I'd get the coin reslabbed. It wouldn't bother me that the label would say "Genuine--Repaired". I could at least then enjoy looking at that coin without grimacing. Of course, this is only my opinion. >>

    I'm just curious what Allen Stockton would charge to repair that coin, would anyone have any ideal? >>



    Go to his web site (www.crs-stockton.com). Every coin repair is different and he will need to see the coin to give you an estimate.

    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

  • Options
    PerryHallPerryHall Posts: 47,584 ✭✭✭✭✭


    << <i>

    << <i>If that were my coin I would have Allen Stockton expertly repair that coin. I would leave the planchet flaw alone since it was mint created. Stockton does expert work and his repairs are virtually undetectable. Let's face reality---that 5 is nothing more that vandalism on that coin. After the repair I'd get the coin reslabbed. It wouldn't bother me that the label would say "Genuine--Repaired". I could at least then enjoy looking at that coin without grimacing. Of course, this is only my opinion. >>



    I see a repaired coin as a form of vandalism as well. Coins were manufactured to circulate as currency and face whatever fate that such activity generated, including a big 5 at a center focal point.

    Glad that the coin found a good home with a forum member. >>



    I remember a few years ago when a crazy person sliced up a priceless painting. The museum where it was being displayed had it expertly repaired. Do you think the museum was wrong?

    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

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    MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>I remember a few years ago when a crazy person sliced up a priceless painting. The museum where it was being displayed had it expertly repaired. Do you think the museum was wrong? >>



    I would have left it as is and on display to show the damage that a deranged individual is capable of doing to a century's old fragile work of art.

    Impact would have been greater than sheepishly pasting the pieces back together.
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    TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭


    << <i>A store clerk, Christopher Paseda, had recently emigrated from southern Spain and was learning a new language and the complex monetary system at the time. >>



    Even The Obama wouldn't give him amnesty for destroying that coin.

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