Another holed coin for my holey type set - Amazing low grade 1807 Bust Dime!
jmcu12
Posts: 2,452 ✭✭✭
I know some wont share in my enthusiasm but I really love this holed coin - would this grade P01? What do you think?
Awarded latest "YOU SUCK!": June 11, 2014
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Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
And no, I don't get it unless this is the best you can afford.
<< <i>It grades Poor-1 without the hole ...
And no, I don't get it unless this is the best you can afford. >>
An artifact is an artifact is an artifact, not everyone needs a high grade coin to get that rush of history that us collectors get when we hold a relic. While I see the investment logic to high grades, I feel that coins speak to me a little louder when they slid through a few hands before being put aside. I have 3 old holed coins on my key chain(1773 1/4 real, 1853 a/r 25c, 1877cc 25c) that give me arguably more joy then the coins I never see locked up at the bank.
(1) It’s a very modern coin, and PR-69 pieces are readily available at low cost.
(2) I’ve found with 20th century Proof coins that high grade pieces are the only coins that please me because I don’t like spots and marks on 20th century Proofs
(3) An older coin really “grabs me” as was the case with an 1800 half dime in MS-64 that I recently purchased, and I can afford to do it.
Otherwise I’m very happy with coins that grade from VF to lower end Mint State depending upon the era, rarity and price.
I really don’t like low grade, damaged coins at all. I would rather do without the type than buy a low grade, damaged coin. The last coin that I needed to complete my non-gold type set was the 1796-7 half dollar. Years ago I could have bought one that had AG-3 sharpness, was polished bright white and had a hole all for the “bargain” price of $8,500. If that’s my option I’ll do without, and for a few years I had a Gallery Mint example of the coin although that’s kind of like kissing your sister.
There is something to be said for coins that have seen service during the era in which they were minted, but they should be attractive for the grade to be true collectors’ items. Coins that have become eye sores because of abuse have no attraction for me.
In general, however, I sometimes dont mind damaged or lower grade coins. Sometimes it is budget, other times it is willingness to put forth the money required for a given coin. If I want the coin but not as badly as I want another coin then I will cut corners on one so that I can afford the larger ticket item.
I am not putting together a P01 set of holed coins per se; it just so happens that this is the first holed bust dime I have come across and since it was basically free I decided to jump on it. My holed set is pretty basic as it pertains to cost - I either get the coins literally free or next to free (which means I paid melt or a little above melt).
edited to add that I do get a kick out of the historical aspect of this piece. At some point someone may have nailed it to a door frame, but then it was spent and circulated for quite a long time before making its way to my collection. It is very cool to think of where and who this coin spent time with.
<< <i>I’m not a coin snob when it comes to condition.
>>
I certainly did not mean to imply that you were, I respect your collection and most of all admire your patience in assembling it. I just wanted to say I also admire people who collect coins like the dime as it is a pure form of collecting as the money motive is not even a small concern.
In honor of the memory of Cpl. Michael E. Thompson
Who nailed the dime, when and why.
<< <i> The set did include, of course, and 1877.
EAC 6024