Ancient Coin

Does a hole in ancient coin ruin its price completely?

I have such a coin:

http://www.ebay.com/itm/1705-Austria-Hungary-3-Kreuzer-Silver-Coin-LEOPOLD-I-/270771567766

But it has a small hole, so it could be worn as pendant. How much will that affect its price?

It seriously affects the value. Collectors looking for that specific coin will pass on it in favor of one with no damage. Only if a coin happens to be Extremely Rare will a collector want one with damage, and this is mainly because it's the only way they can afford one at all. The same coin with no damage would be worth substantially more.

I'm not saying that this particular coin is rare - I don't know, I didn't research it. I'm just giving you the general rule that damage severely affects value.

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