Bob M. writes: Dear Doc, I recently purchased and 1801 bust silver dollar that had been holed and then repaired sometime in the 1930’s. The coin is in very good shape and the repair looks very professional except for the difference in coloration where it was repaired. I paid 60 dollars for the coin. My friend thinks I am nuts what do you think. Sincerely Bob.
First you should ask yourself why anyone would put a hole in something as valuable as an 1801 silver dollar. The coin is quite rare. Only about 54,000 1801 dollars were minted and many of those were melted or destroyed early in the 19th century.
Even the worst “dog” would be worth sixty dollars but beware there were many “holed” pieces like you described, fabricated in Asia for Jewelry purposes. They found their way into unsuspecting American hands during the Vietnam War. I once saw several dozen “1804” dollars from the same source. Just to be sure, I recommend sending the dollar to the American Numismatic Association to get it authenticated. If it’s authentic, congratulations!
American Numismatic Association
818 North Cascade Avenue
Colorado Springs, CO 80903-3279
719-632-2646
American Numismatic Association
