Overstruck coins

[the_Thing ®]

If a coin is overstruck on an earlier type, and there are traces of the earlier type visible, do you think this would add to the value, subtract from the value, or not make any difference in the value?

[gmarguli]

It would either have no added value if this is common (it is for some foreign coins) or add to the value. There are some foreign coins that are overstruck on US Bust dollars. These command big premiums over the ones struck on other coins or "normal" planchets.

[the_Thing ®]

Thanks Greg, I failed to mention that it would be intentionally overstruck, and not an error.

[gmarguli]

I assumed it was an intentional overstrike. If it were an error, then there would be added value.

[the_Thing ®]

Thats a nice coin as your icon. Yours?

[gmarguli]

Yep. It is a US 1920 Pilgrim commemorative 50c graded MS65 by NGC. It's got nice red toning to it. These don't come with color often. It's my favorite design for the commem series.

[GDJMSP]

A lot of folks seem to think having an overstruck example is kinda cool and so it does add to the value. But to me - it's a distraction and a detraction.

 

Most examples of overstrikes that I see make the coin lose all its eye appeal. I find it ugly to see another design poking through from underneath. And I commonly walk away, without another look, when someone offers me an overstruck coin. Even if it's a type and date I really want.