holed coins

[rs8199]

i was wondering what some of your opinions are on holed coins as far collectabilty. would you rather have a high grade coin with nice details with a hole or a low grade coin with a lot worn off and no hole?im talking about older 1800's coins. ive been looking to buy a trade dollar but i could never find one in the price range i wanted with good details. so the other day i purchased a nice XF maybe AU trade dollar with a hole but only paid 45$ for it. is it worth it?

[Mozin]

I would not pay more than $5 for a trade dollar with a hole in it. On second thought, I would not pay more than $1 because I would simply spend it. Just junk to me.

[Here]

Holed coins are in a different league all to themselves. I think you paid a decent price for yours. I've found 2 mailbid auctions that have quite a few and I haven't won one yet. I did manage to buy a VF as a cull from a catchall wholesaler, but now they've caught on too! Instead of them being listed as cull....$1.00, they're graded and the prices can be almost the same if not more! There's someone across the street that's really up on holed coins. I told him what mine looked like and he immediately said it had been worn on a bracelet. I'd like to find out more about the history of holed coins. What year and mint is your Trade dollar?

 

 

Jerry

[rs8199]

its an 1878-S theres an attachment of the obverse on my original post.

[rs8199]

heres the attachment of the reverse

[goose3]

I think that is a pretty decent looking holed coin!

 

45.00 doesn't sound too hateful!

 

there are actually 2 people across the street that are really into holed coins. Dthigpen and Lordminivan. Lordminivan has a hat or is it a vest? that he wears to coins shows that is covered with holed coins.

[niel-migration]

to me putting a hole in a coin is the ultimate desecration to a coin and severely devalues it.

niel

[TomB]

I once purchased a holed 1876-S ChAU Trade dollar that was still frosty. It immediately went onto my keychain where it is to this day and is now a chippy VF. I paid $25 for my coin and I doubt I would have paid more.

[HaydenTubbs]

I think that is a pretty decent looking holed coin!

 

45.00 doesn't sound too hateful!

 

there are actually 2 people across the street that are really into holed coins. Dthigpen and Lordminivan. Lordminivan has a hat or is it a vest? that he wears to coins shows that is covered with holed coins.

LM ,

has a hat and a vest.You may be interested in viewing his about me page: userid=lordmarcovan]Lord Marcovan

As a holey collector myself, there is never to high of a price to pay for holeys.It's harder to find holeys in high grades when it comes to certain series(such as trade dollars).Even harder to find holeys with perfect centering.You did alright on that trade dollar.

 

 

 

Enjoy!

-Hayden

[rs8199]

thanks everyone for your comments/opinons, i appreciate them all.

[Prethen]

I paid a nominal price for a number of holed coins so I could put them on my key chain. That way, I can carry around my hobby and view some of these rare "puppies" just about anywhere I go.

[kryptonitecomics]

Fair price for that coin and their is a place in this hobby for holed coins. ust folks wouldn't think twice about drilling a hole in a 2005 Lincoln cent so why would we be shocked and appaled to think that someone would do it a hundred years ago?

 

Yes Lord Marcovan is the man to talk to about Holed coins!!!!

[AlixTCat]

Why do people put the holes in odd places? I mean, if I were going to hole a coin, I would do it at the top, not arbitrarily on the side in such an odd place. Nearly all of the holed coins I have seen, it looks like a insufficiently_thoughtful_person made the hole.

[nesvt]

Hopefully dthigpen won't mind me posting a link to his site.

[cpm9ball]

Why do people put the holes in odd places? I mean, if I were going to hole a coin, I would do it at the top, not arbitrarily on the side in such an odd place. Nearly all of the holed coins I have seen, it looks like a insufficiently_thoughtful_person made the hole.

 

Hayden's picture of the '78 Trade $ is a perfect example of placing the hole in a location where it would not obliterate too much of the lettering and/or design. You can see that nowhere on the obverse is there a place that wouldn't obliterate something. However, on the reverse there are two areas of the field available. The hole was placed so that just one star on the obverse was lost rather than sacrifice parts of the design on both sides.

 

Chris

[HaydenTubbs]

Hopefully dthigpen won't mind me posting a link to his site.

I was going to get around to that

LM is the the most experinced holey collector,and Thiggy,well he just picks over your holeys,selects the nicest and tries to buy them for next to nothing.

Not entirely true(about thiggy),two great holey collectors.

If you ever have any questions about holeys,feel free to send a PM my way,or I guess you send LM a e-mail and get the answers faster.

 

As for myself I don't have hat,vest or other holey holding material.Most of my holies I've turned around and sold,(if you ever see the two above mentioned holey boys ask them to show you their ex-Hayden holeys,the finest out there )but I still keep some of my favorites in my crib.I'll try to post a few pics...

 

-Hayden

[James_OldeTowne]

About two years ago, I sold on eBay a set of Capped Bust halves virtually complete by date (including 1815). Nearly every coin was holed. The collector had put the set together in high-school while his income was extremely limited. By focusing on holed coins, he was able to complete a set that otherwise would have been totally impossible on his budget. I have more respect for someone in that situation who must limit their choices, yet still reaches his goal, than I do for somebody loaded with money who can buy every high-graded high-priced rarity at auction. This collector had a numismatic dream - a complete set of bust halves - and pursued it to the very best of his limited ability - AND SUCCEEDED!

 

To me, THAT is the mark of a true coin collector.

 

How many of us have actually completed a set of bust halves?

 

By the way, I myself am looking for holed coins, but the hole must pierce at least one of the last three digits of the date.

 

James

[HaydenTubbs]

By the way, I myself am looking for holed coins, but the hole must pierce at least one of the last three digits of the date