Below is the third of three posts from our own Steve Roach on rare
coins that spike collector's interest, despite their errors:
Indian Head $5 half eagles led Heritage’s Dec. 3 to 6 auctions held
in conjunction with the Houston Money Show. The top lot of the sale
was Leon Hendrickson’s 1915-S Indian Head $5 half eagle graded Mint
State 64 by Professional Coin Grading Service with a green Certified
Acceptance Corp. sticker that brought $94,000. The total for the
auction exceeded $8 million and it’s Heritage’s last major coin
auction of 2015, as the firm preps for its massive Florida United
Numismatists auction in January 2016. Here are three coins with some
problems that sold, each with its unique charms.
1801 Draped Bust silver dollar, holed and plugged,
When a coin has a hole in it and that hole is repaired or
plugged, the quality of that repair can vary greatly. Some — like the
aforementioned 1793 Flowing Hair, Wreath cent — are repaired
adequately with some sense of returning the coin to a normal
appearance. Other repairs are more perfunctory, as seen on this 1801
Draped Bust dollar graded PCGS Genuine, Holed and/or Plugged.
It has details consistent with a solid Very Fine coin (although
neither the grade nor the description provides a details grade) and
the surfaces are generally a pleasing color. However, the plug before
the L in LIBERTY relative to the obverse does not match the coin and
is crude. The sloppy repair creates an entry-level early dollar for a
collector and it sold for $646.26.