Is a coin worth anything if it has a hole?

Answer 1

In some cultures it used to be common practice to sting coins together to use them at a higher denomination.

Someone for example could string ten 10c coins together to make one unit of their currency. Keeping them together like this makes them easier to use and keep track of.

Answer 2

No US Coins should have holes. If they do they probably won't be worth very much. If it's a silver coin it will still be worth around it's full silver value depending on the size of the hole.

If your coin is from a different country, it may have the hole on purpose. Check the internet to see if other coins like yours have holes.

Answer 3

Assuming that you are asking about the numismatic value, a hole drilled in a coin usually dramatically reduces its value, although if it was very valuable without a hole, it would still have some value to a collector. If you are asking about face value, you can still spend a coin with a hole in it. If you are asking about intrinsic value (that is, the value of the metal - like silver or gold - in the coin), a hole obviously would not change that.

Answer 4

It would depend on how big the hole is.

If the coin is still identifiable as a British One Pound coin, it should be acceptable, if not, your bank will probably accept it at face value as a damaged coin and return it to the mint.

Answer 5

If it is a pound coin in current circulation (as in, post-decimalization, brass) it is post-mint damage (the coin had been altered with after it left the Royal Mint) and only worth 1 pound.