Just how much does a plug decrease a coins value?

Scavenger · March 21, 2007 12:23AM

Assuming that the plug/repair was done properly. I'm watching a coin that lists for $400.00 in fine condition however the coin has been repaired. It's a decent repair job although it can easily be detected once you know where to look.
Edited to add- normally I would not purchase a plugged coin but this one is considered scarce and you dont come across them often.

291fifth · March 21, 2007 12:26AM

There is no set amount. It's up to the buyer to decide.

ziggy29 · March 21, 2007 12:41AM

These have to be "net priced" by the buyer. There is no magic formula or price guide for plugged coins.

Chances are that if it's a rarer coin (by date or variety), and one that's rarely seen, a plugged example will sell for closer to the "undamaged" price than a commonly seen, err....widget. But still at a considerable discount in most cases.

topstuf · March 21, 2007 12:42AM

It devalues it only a little while you're looking at it and very greatly when you want to get rid of it.

RYK · March 21, 2007 12:47AM

It depends. A plug on a common date seated quarter makes it virtually worthless. A plugged 1794 silver dollar is still unaffordable to most.

barbershopper · March 21, 2007 4:28AM

<< <i>It depends. A plug on a common date seated quarter makes it virtually worthless. A plugged 1794 silver dollar is still unaffordable to most. >>

Totally!
JT

CaptHenway · March 21, 2007 4:33AM

If you have a hole in your boat, a plug helps.
If you have a hole in a coin, a plug does not help.
TD

rays · March 21, 2007 4:36AM

To me, a coin with a plug would be worth betwen 10 and 25% of the value of a problem free example.

WaterSport · March 21, 2007 4:52AM

No differant than "damaged" in my opinion.

WS

RedTiger · March 21, 2007 5:09AM

Ballpark would be 50% or two full grades lower (VF to VG) whichever is greater. Of course every coin has to be evaluated on its merits.

Problem coins are easier to buy than to try and sell. A lot of collectors don't want these coins, so it takes a lot more time to find a buyer. Dealer offers will reflect this reality.

19Lyds · March 21, 2007 5:30AM

I think it depends upon what coin has been plugged! Like RYK said, what would you pay for a plugged 1929-S SLQ in VF vs a plugged 1893-S Morgan in VF?

mozin · March 21, 2007 7:12AM

On common stuff, plugs are simply damage. On rarer coins, plugs will lessen the value in accordance with how rare the issue, smallest drop in value on the rarest coins.

I do not plan to buy a plugged coin in my future.

mirabela · March 21, 2007 7:22AM

If an undamaged example is only $400, that suggests that either the coin is not really all that uncommon, or demand is very low. The only coin you might really consider with a plug is something so in-demand and so rare that the price of a problem-free example is out of range; in such cases (i.e. the aforementioned 1794 dollar) you can reasonably assume that when the time comes to sell, there will be other people competing to have that coin, plug and all. In any other case, it had better be phenomenally cheap to even go near it.

lkrarecoins · March 21, 2007 7:25AM

i have a 1794 Large cent with a whole in it...I see similar coins sell on Ebay in the $50 to $75 range, so better dates still hold premium

Pistareen · March 21, 2007 7:26AM

This one's value is rather improved by the plug.

Did anyone see the rare 1783-dated colonial in a recent auction which was boldly plugged but in a 3rd party holder simply reading "damaged" and with no plug noted in the description? Oops.

mgoodm3 · March 21, 2007 7:26AM

v ~ ab/s

v= Net value
a = Value no plug
b = constant that adjusts for rarity
s = size of plug

lathmach · March 21, 2007 8:36AM

<< <i>v ~ ab/s

v= Net value
a = Value no plug
b = constant that adjusts for rarity
s = size of plug >>

Another formula is C²+4h²/8h=R
Of course it doesn't have anything to do with the value of a plugged nickel.

Ray

SilverEagles92 · March 21, 2007 8:45AM

To me, it depends on the severity of the plug. If someone has tried hard to fancy up the hole, and make the plug less noticeable, then it doesn't bother me as much. If someone just poured lead into the hole, and spilled some on the coin, and it was done very sloppily, then I will not purchase the coin.

dorkkarl · March 22, 2007 1:17AM

knock off 80%, & your in the ballpark

K S

Just how much does a plug decrease a coins value?

Comments

Leave a Comment