Jump to content
CoinPeople.com

Recommended Posts

papa_joe    0

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?

Share this post


Link to post
Share on other sites
Arminius    0

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

Share this post


Link to post
Share on other sites
papa_joe    0

thanks for the replay. the holes seems to be made after the minting of the coins. are such coins good for collecting or are the considered damaged?

Share this post


Link to post
Share on other sites
Arminius    0

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.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×