Dumbest coin thread...I don't get it, can someone enlighten me?

[kollectorking]

I just saw this ATS:

    WTB - Holed Coins

Is it me or I just don't get it...if someone really want a holed coin, all they

need is an un-holed one, and a drill....what am I missing here?

[cars]

Cheaper if they're already holed as opposed to taking a good coin and shoving a drill bit through it. Also Maybe they don't like to destroy coins for sake of future collectors.


Well, that's all I could come up with. 

[jnd1955]

why would anyone what to drill a hole in a coin.  i ca see a comman made to hang around the next, but why they collected

[CarlWohlforth]

It's totally against the rules to drill holes in coins! Nope, can't do that. The best holes are those that do not obscure the date. They should be contemporary with the coin. The best holes are the squarish holes made from nails. Say you have a large cent that was nailed to a beam in a barn or something like that.

Yup, us holey coin guys are in a world of our own.

[19Lyds]

Cheaper if they're already holed as opposed to taking a good coin and shoving a drill bit through it. Also Maybe they don't like to destroy coins for sake of future collectors.


Well, that's all I could come up with. 

I could be wrong but you can't just drill through a coin with a common drill bit as it, along with the coin, would most certainly be destroyed. It takes an expensive bit along with a clamping system and possibly lubricant to make a decent hole.

[Bubblehead]

The best holes are the squarish holes made from nails. Say you have a large cent that was nailed to a beam in a barn or something like that.

Ummm..  Jeez.. I have a pint mason jar fulla old, square ended, copper nails... About
1.5" in length.  They are all red, and in mint condition, too! 

[TCoins]

Old coins hold a story. Many older coins were holed to wear as jewelry, maybe as a charm or pendent. You can see how the wear on old holed coins is different than regular coins. These coins are collectable and many coin collectors specialize in them. Imagine the stories they could tell.

[Bubblehead]

Old coins hold a story. Many older coins were holed to wear as jewelry, maybe as a charm or pendent. You can see how the wear on old holed coins is different than regular coins. These coins are collectable and many coin collectors specialize in them. Imagine the stories they could tell.

I believe I recall reading that our Union soldiers would hole them to use as buttons on
their uniforms.  Apparently, bone buttons were in short supply in those days.