I have an 1866 3 cent piece, which I believe has some value. It has, at some point in the past had a small hole drilled near the edge. I suspect it was used as a necklace. Does this totally negate the value? Also have an 1875 Serbian 50 RAPA (sp?) in very good condition. Anyone know if this has value, or where one could find out. Pics of both attached. Alan J.
There are some collector like The Cave Troll that collects Hold coins...to a collector not much value...and no..don't try to fix it..that will lower the value more. But to a collector who collects hold coins it might be worth $5. Speedy
Speedy, you have an interesting definition of "collector". In one sentance you call me one and in the next sentence you infer I'm not! LOL You need to remember that just because someone collects differently than you (or the establishment) doesn't mean that they aren't a "real" collector. As to the question in the OP, Speedy is mostly right, the hole is really detrimental to it's value. (One of the reasons that I collect holed coins is that they are so cheap). You can usually assume that a holed coin is worth about 1/4 to 1/3 of the value that a coin in similar condition without a hole would command. It looks like the 3¢ piece is in pretty bad condition, so it has little value, maybe a couple of dollars to the right buyer.
Hi Alan, and to Cointalk. Actually the Cyrillic characters become "PARA" in latin letters. Your picture looks coppery, but I imagine it's merely tarnish (euphemistically referred to by some as "toning"). The coin is 2.5g of .835 fine silver, KM#4, one of 2-million minted in 1875, with a Krause value of $7 F, $18 VF, $65 XF and $260 Unc in the 19th Century 3rd Ed. The bust is of Prince Obrenovich IV, who ruled as a prince from 1868-1882, and as king from 1882-1899. The Serbian Kingdom joined others to become the Kingdom of Serbs, Croats and Slovenes, which later changed its name to Yugoslavia. Since the breakup of Yugoslavia late in the last century, it remains loosely united with Montenegro. << Click here >> to learn more about it's modern history.
I guess I need that foot-in-mouth face here... It should have said.... Most collectors won't collect holded coins as they are damaged....there are some...a club of elite collectors that do!...but they are sooo elite that it is hard to find them Speedy
Serbian money is at an all time low at this point, Especially in America. You can get its value in silver, but serbian money taken during the collapse of Yugo are all over the internet. If you are lucky you might be able to find a Serbian Collector (Like Me) and get a little bit if a premium. If you find a source for a price I might be interested in buying it if you are interested in selling it.
Not all holes are damage. I have a number of pieces that were holed as issued. Even when the hole is added after minting, the value does not necessarily disappear. I have a few "damaged" tokens I paid some $$$ for, and it would be no problem selling them for a few hundred each if I had a mind to sell them. Don'cha love nitpickers :whistle:
In general holed coins are greatly reduced in value but as mentioned here there are a number of people who collect them.They still have the history behind them that is the essence of collecting for many people. ALso be aware that rare coins, even holed, cleaned, and damaged command considerable prices. Last year I was outbid on an 1877 IHC that was made into a love token. Had a hole and the entire reverse was flattened and engraved with initials. Went for a little over $600.00
