1959 Irish 2 Shilling (Florin) overstamped with the Ulster Volunteers Force UVF

Could anyone clarify what would be the value of sutch coin please.

Thanks

M

Imo the coin is spoiled, so the value is almost nothing. But from historic perpective it may be intresting to someone.

Assuming it is genuine of course. 
 

In such cases UVF on an Irish coin would have been propaganda to be sent to the Republic of Ireland (as Northern Ireland used British pounds), then once in circulation in ROI it would have been removed from circulation and replaced. Having an Irish coin in NI with UVF on it served no purpose. 

My opinion is that someone in more recent times has taken a nominal low value Irish coin in bad condition and stamped UVF on it to try and up its collectors value now. As it looks like a copper nickel coin, thus having no silver melt value, and having propaganda material of terrorist / criminal groups (UVF, UDA, Red Hand Defenders, IRA, PIRA, RIRA, etc) isn’t a wise thing to do in Bangor NI, I would throw it in the bin, if I were you.

Don't bin that coin… yet.

The value is subjective.

Without the countermark, the coin is worth less than one euro to a collector. In fact, some collectors abhor alterations like this and would have no interest in the coin st all. However, other collectors search for countermarks like these and pay a premium for them. The problem is “provenance”. It is difficult, if not impossible, to prove who marked the coin, when, or why. King is probably right, the mark likely refers to “Ulster Volunteer Force.” Whether the mark is a recent alteration, no one can say. Thus, the value is even more subjective and it might be difficult to find the right buyer for this coin. If you list the coin on ebay you might achieve 5 or 10 euro on the high side,  not worth the effort to me.

But don't bin the coin! It might not be worth a lot of money, but it will be of historic interest to someone. If you don't manage a sale on ebay, hold the coin for your collection, you might find a use later on.

BTW: read these links for related info:

https://www.coinbooks.org/v22/esylum_v22n40a19.html

https://www.royalmintmuseum.org.uk/podcast/mark/