How much do holes in coins hurt value?

[insulator245]

Hi, I was wondering how much value a necklace hole in a coin knocks off? I have some very good coins that I inherited from my grandfather that have holes in them. One an 1827 $.50 piece,a very high grade seated nickel from 1863, and a couple morgan and peace dollars. I can post pictures if needed. Any help would be greatly appreciated.

Thanks, Chris

 

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[SteveDodds]

I dont have an exact dollar amount but I would have to say value is hurt a lot from being holed. I would think probably as much as 90%. At the local coin store holed coins quite often sell on the auction board for next to nothing. I think the only way a holed coin would be worth much is if it was a key date. Just my two cents.

 

[diggummup]

Yes,unfortunately unless it's a very rare key date,I would think that holed coins aren't worth too much more than melt value. JMO-good luck and H.H.-diggummup

 

[Rich]

i cant really remember but i think its a 3rd of the price of the coin without a hole,i still collect holed coins and alot of other people do also...

 

[BuckleBoy]

I agree with those who posted above. Value is pretty much shot. Coolness is never diminished though. You could probably help the value by putting the coins in a bezel and selling them as jewelry pieces. Most holed coins (even in high grades) sell as "culls" really cheaply, unless they are gold or key dates. For example, I bought an 1876-CC Seated Quarter in almost uncirculated condition for about 8 bucks ten years ago. It was a beautiful coin...except for the hole. I bought a silver bezel for the coin (which doesn't hurt it) and wear it occasionally as jewelry.

Hope this helps,

Buckleboy