I'd rather own this piece if it was mine with a counter stamped 5 than if someone just scratched a 5 into it. I think its a great piece of exonumia as well. I disagree with getting it repaired though. Leave it as is. Now if it was holed that would be a different story. Enjoy it!
<< <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? >>
Repair and/or conservation is common practice in the art field. Should this be the case in the numismatic field as well? If full disclosure is involved then it may actually be a good idea.
"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?"
This is not a good analogy. Museums rarely sell items from their collections (this is termed de-accessioning); this sort of thing can only be done in limited circumstances, according to the Association of Art Museum Directors, and the need to raise money is not one of them. Some museums have sold off pieces from their collections, and then weathered the fallout, but this is the exception rather than the norm.
If a collector wants to have a damaged coin repaired, that in itself is not problematic. However, what happens later, when the piece is sold by the collector or heirs? When a repaired or doctored coin is sold, sometimes there is full disclosure by the seller. All bets are off later down the line, however, after the piece has gone through several pairs of hands.
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
<< <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. >>
<< <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?"
This is not a good analogy. Museums rarely sell items from their collections (this is termed de-accessioning); this sort of thing can only be done in limited circumstances, according to the Association of Art Museum Directors, and the need to raise money is not one of them. Some museums have sold off pieces from their collections, and then weathered the fallout, but this is the exception rather than the norm.
If a collector wants to have a damaged coin repaired, that in itself is not problematic. However, what happens later, when the piece is sold by the collector or heirs? When a repaired or doctored coin is sold, sometimes there is full disclosure by the seller. All bets are off later down the line, however, after the piece has gone through several pairs of hands. >>
One reason why the Detroit Institute of Arts, which is, for the moment, still owned by the City of Detroit, survived the Detroit bankruptcy intact is that the creditors knew that any attempt to sell the collection would be boycotted by a large percentage of the potential buyers. The result would have been a realization much lower than what would have been hoped for.
A few museums have sold off works in an attempt to raise operating funds. The results have usually been poor and they have ended up being treated as outcasts by the art museum community. Selling works is considered OK only when the funds generated are used to purchase more works for their collection.
Note: After the Detroit bankruptcy is finalized the Detroit Institute of Arts will be an independent entity, no longer owned or controlled by the City of Detroit. Its collection will remain intact.
<< <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. >>
OK astrorat - you really had me going on that one! Guess I need to read "Brunk for Dummies" . . . .
To all the others, both the pro and con opinions are welcome!
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
Comments
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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 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? >>
Repair and/or conservation is common practice in the art field. Should this be the case in the numismatic field as well? If full disclosure is involved then it may actually be a good idea.
This is not a good analogy. Museums rarely sell items from their collections (this is termed de-accessioning); this sort of thing can only be done in limited circumstances, according to the Association of Art Museum Directors, and the need to raise money is not one of them. Some museums have sold off pieces from their collections, and then weathered the fallout, but this is the exception rather than the norm.
If a collector wants to have a damaged coin repaired, that in itself is not problematic. However, what happens later, when the piece is sold by the collector or heirs? When a repaired or doctored coin is sold, sometimes there is full disclosure by the seller. All bets are off later down the line, however, after the piece has gone through several pairs of hands.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <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. >>
Great stuff!
Coin Rarities Online
<< <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?"
This is not a good analogy. Museums rarely sell items from their collections (this is termed de-accessioning); this sort of thing can only be done in limited circumstances, according to the Association of Art Museum Directors, and the need to raise money is not one of them. Some museums have sold off pieces from their collections, and then weathered the fallout, but this is the exception rather than the norm.
If a collector wants to have a damaged coin repaired, that in itself is not problematic. However, what happens later, when the piece is sold by the collector or heirs? When a repaired or doctored coin is sold, sometimes there is full disclosure by the seller. All bets are off later down the line, however, after the piece has gone through several pairs of hands. >>
One reason why the Detroit Institute of Arts, which is, for the moment, still owned by the City of Detroit, survived the Detroit bankruptcy intact is that the creditors knew that any attempt to sell the collection would be boycotted by a large percentage of the potential buyers. The result would have been a realization much lower than what would have been hoped for.
A few museums have sold off works in an attempt to raise operating funds. The results have usually been poor and they have ended up being treated as outcasts by the art museum community. Selling works is considered OK only when the funds generated are used to purchase more works for their collection.
Note: After the Detroit bankruptcy is finalized the Detroit Institute of Arts will be an independent entity, no longer owned or controlled by the City of Detroit. Its collection will remain intact.
I like the coin the way it is, but would love it without the counter-stamp...
<< <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. >>
OK astrorat - you really had me going on that one! Guess I need to read "Brunk for Dummies" . . . .
To all the others, both the pro and con opinions are welcome!
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye