August 11, 2009 Generally, drilling a hole in a coin lowers its value considerably. If your coin was minted in Philadelphia or San Francisco, then it is probably not worth too much more than gold value which is $114.32 today. If it was minted in Carson City then it probably has a little more value since these were minted in lower quantities.
The coin no longer has a collectible value, take it to a jeweler that buys scrap gold & silver.
I really hate to give you the bad news but silver dollar you have, if it were in near perfect condition would be worth as much as $500,000. A 1794 flowing hair dollar is valued at over $2,000,000. The hole drilled in yours makes it almost worthless.
Go to a coin shop or a jeweler who deals in coins and buy one.
With a hole drilled in it, about 10 bucks just for the silver in it.
It probably means that the dollar was on a neck chain at some time.
what kind of info are you wanting to know?
Not many fake coins are made from real silver or gold. Take it to a jeweler to be tested, most will do this for you.
Quite a bit! You will find that these pre 64 drilled receivers are a major factor to collectors as far as value is concerned.It will bring the value of a model 1894 rifle in 90% condition down from 375-550 dollar range to 175-250 dollar range.
Not many fake coins are made from real silver or gold. Take it to a jeweler to be tested, most will do this for you.
The hole was used to tie a string in order to recover the coin once the coin was used in a vending machine .
September 3, 2009 Coins which have been used in jewelry are too often scratched, nicked and even have holes drilled through them more than usual circulation coins. For this reason, unless they are considered rare, they are valued only by the worth of the silver they contain. Today, Morgan dollar coins are worth $16.16 each in silver value.
1. poke a hole in a dollar bill. 2. pull a string through it.