Coins with holes in them????

[dk dogs]

Ok, keep in mind I am really new with all this. I keep seeing coins with holes that look like they were drilled in them. I am just wondering why?
Thanks

 

[Elton]

n/t

 

[echostar61]

There were many reasons why an old coin would be holed and worn .
Here is an interesting artical I found, that may better explain.

http://www.coinworld.com/news/041805/bw_0418.asp

Terri

 

[Elton]

n/t

 

[1859large]

I have seen a few mounted that way with coins from the early 1900s. I suspect nicer coins from earlier eras where done for the same reason. They where available, cheap, had a picture of the monarch (places outside of the US) and could fill a spot in the charm bracelet. A person who could afford a silver chain would have a few pieces of silver to spare.

HH

1859

 

[tabdog]

[size=medium]I like um too Terri,

Tabdog[/size]

 

[dk dogs]

Thanks for the link Terri.

 

[echostar61]

n/t

 

[Beale]

Very interesting and good link Terri! Thanks for that, Beale.

 

[Ron from Michigan]

Because of those holes we can afford to buy some of those rarer coins we other wise couldn't afford.It may be a good strategy to look for these coins during a purchase.

 

[on-edge]

echostar61 that sure was a good read,but there are still sometimes i wish they really hadn't done that!