Small hole in Liberty Seated Quarter

[RBowtie97]

My brother purchased this Liberty Seated Quarter on Ebay for only $19. It has a small pit near the top of the coin where it appears that someone started to drill a hole in it. It's pretty small and doesn't go all of the way through it. How much does this affect the value and, can it be officially graded? Thanks alot!

 

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[jeff of pa]

in all Honesty, it depends on the Buyer.
Most Dealers would probably subtract 50% to 75%
claiming it's Destroyed, then charge 2 to 3 times what they pay you

It looks otherwise to be in decent condition,
I would search coins like it on EBay, see what ones in that condition sold for there, if any have.
then try to get as close to that as possible.
I personally don't see that as a big problem, But I'm not a dealer, or buying

& for $19. he stole it

in poor condition will be valued at somewhere around $38, while one in "perfect" condition can bring $1445. and that is no where near poor

http://cointrackers.com/coins/14093/1852-liberty-seated-quarter/

 

[Iamrussell]

Man for the condition its in like Jeff said thats wasa steal for $19

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just keep stacking, just keep stacking, stacking stacking stacking

 

[huntsman53]

Corrected...

Is there a Mint mark on the Reverse of the coin? If so and if it was minted at San Francisco, then your brother not only stole it, he commited grand larceny! Not really but you know what I mean. With the exception of the pin hole and somewhat mottled surfaces, the coin is every bit in AU condition. For an 1858-S Seated Liberty Quarter, that is probably in the $6,000 to $12,000 range. However, the pin hole and mottled surfaces will lower the grade on the coin as well as how nice the Reverse is! If it is an 1858-S, I could still see a Collector paying above $3,000 for it once it is certified as genuine. Even if it is only an 1858-O, it is still worth probably 40% to 70% more than an 1858-P Seated Liberty Quarter.


Frank

 

[cudamark]

It can be graded (both "officially" and otherwise) but it would be considered damaged....even though it's minor. Seeing how it's a common date, I wouldn't spend the money having it graded and slabbed. That won't increase the value much if any. Assuming the reverse is in the same condition, it looks to be a solid XF/AU without first hand examination. If it was bought for a collection, I'd keep it like it is and enjoy it. If you think you'll make money on it, I doubt you will, as you were the highest bidder in the world when you bought it....unless everyone else was sleeping that day! You can take it down your your local coin shop and see what they'll offer for it. Who knows, they might not see the hole and give you a decent quote.

 

[cudamark]

It's an 1858...not 1878. They didn't make an 1878O that year anyway. They did make a CC though.I assumed it was a plain or the OP would have said it was an S or CC mint. Maybe a stupid assumption on my part.

 

[jeff of pa]

lol I thought I saw 1852

which changes value POOR around $22, while one in "perfect" condition can bring $607.

But still a good deal considering I'd guess Miiimum condition VG to Fine

Of course is there a mint mark ? What does the back look like ?
and yes it can be sent for Grading if that is what your asking by

can it be officially graded

1858 Seated Liberty Quarter Value | CoinTrackers

 

[huntsman53]

It's an 1858...not 1878. They didn't make an 1878O that year anyway. They did make a CC though.I assumed it was a plain or the OP would have said it was an S or CC mint. Maybe a stupid assumption on my part.

OoopS, my bad! Sorry for the mistake above but the prices were quoted for an 1858 dated Seated Liberty Quarter.

I will point out that we don't know and the O.P. has not pointed out whether the coin has no Mint mark on the Reverse (i.e. was minted at Philadelphia) or whether it has an "O" or "S" Mint mark. Having a Mint mark and especially so an "S" Mint mark, changes the game per see when it comes to value!


Frank

P.S. I went back and fixed my previous post.

 

[RBowtie97]

Thanks everyone for replying! Here's what the reverse looks like.

 

[Iamrussell]

Thanks everyone for replying! Here's what the reverse looks like.
<img src="http://www.treasurenet.com/forums/attachment.php?attachmentid=878684"/>

Beautiful coin for sure

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just keep stacking, just keep stacking, stacking stacking stacking

 

[huntsman53]

Sorry it is not the grand prize but I could easily see the coin bring $30 to $40 or more on a good day! Overall, I believe the coin is an EF-45 to AU-50 but would be downgraded to VF due to the pin hole and mottled surfaces.


Frank

 

[Davers]

This is a very nice coin details are great but as said the surface / open field of the coin is in pretty rough shape & there is also a dark spot or corrosion at the end of the word quarter. I would have to see the coin in person before buying it [ that's just me] I would probably pay 30-35$ for this coin only if the reverse was not pitted in any way .19$ still sounds like a good deal to me.