Jump to content
CoinPeople.com

Hole in the coin


Recommended Posts

Hello. I'm new here and new to collecting coins. When i serf eBay looking for coins i see a phenomena that i d'ont understand. There are a lot of coins there that have a hole in them. I avoid them becaue it seems unaesthetic to me and i think it has something to do with taking the coins out of circulation. I'd like to know what is the reason for those holes?

Link to comment
Share on other sites

Depends on the coin and issue.

 

Some holes are intended, by the production process or just to save material.

Some are applied after the usage to create a necklace, fix other items to a firm piece of metal or to devalue the coin. Sometimes it´s hard to imagine what kind of nonsense people can do with a tool.

 

Regards

Link to comment
Share on other sites

Depends on the type and market.

 

In general : common coins holed after minting are neglected by experienced collectors looking for good preservation.

But a very rare and interesting one (eg. a coin showing a fine portrait of Julius Caesar) will easily find a buyer at a lower price level.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...