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vermontensium
Pillar Of The Community
USA
3493 Posts |
 Posted 11/01/2008 6:06 pm
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A collector in Oregon purchased a 1795 Reeded Edge Large Cent for $1000. This coin has been examined by numerous dealers raw. These various dealers felt the coin to be an alteration so did not take the coin seriously after examination. While they are deciding weather or not this coin is genuine and finally determined it was not, this collector buys it, submits it to PCGS and it comes back Good4. Now I ask you, why didn't these dealers pay $30 to see what PCGS thought? No brainer to me. This collector is expected to get $200,000-$300,000 for the coin. 
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Edited by vermontensium - 11/01/2008 6:07 pm |
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xshift
Pillar Of The Community
USA
1518 Posts |
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sundance
New Member
United States
4 Posts |
Posted 11/01/2008 6:09 pm
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*drools*
Why can't I ever find a find like that??? Any pics??? I love those old Cents...would love to see a pic!
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vermontensium
Pillar Of The Community
USA
3493 Posts |
Posted 11/01/2008 6:11 pm
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I just got my new Coin World. There is a pic on the cover. Looks like Good4, nice even light brown color. Let me search for it.
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Bryan1315
Moderator
USA
6807 Posts |
Posted 11/01/2008 6:43 pm
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this was already discussed here with a link to the original article I think, or I read it from somewhere a week or so ago and read the original article at that time. I thought coin news listed it but I can't seem to find the thread so it may have been sent to me in an email with a link to the original article because it showed pictures of the coin.
Here is the coin
 
and here is a link to the auction of the coin at Bowers and Merena http://www.bowersandmerena.com/auct...=&lotno=1143
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Bryan1315
Moderator
USA
6807 Posts |
Posted 11/01/2008 7:02 pm
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cant find the original article but it was said that they were unsure if this was a new discovery or a piece that has been missing for many years that was known to exist but no one knew who had it
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vermontensium
Pillar Of The Community
USA
3493 Posts |
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KurtS
Pillar Of The Community
5316 Posts |
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vermontensium
Pillar Of The Community
USA
3493 Posts |
Posted 11/01/2008 7:09 pm
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Exactly KurtS, the collector obviously won big time here.
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Conder101
Pillar Of The Community
USA
2067 Posts |
Posted 11/02/2008 04:29 am
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I can't believe they wondered over that piece for 7 years. The real hangup seemed o be everyone questioning whether or not the reeded edge was mint made or an alteration. I took one look at it an recognized it as the S-79 and those dies were only used on the S-79 so even if the edge was altered it was still the S-79. I would think most any of the copper specialist dealers could have told them it was real immediately. They probably wasted all that time showing it to dealers that DIDN'T know copper. There is no way this should have taken seven years to identify.
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vermontensium
Pillar Of The Community
USA
3493 Posts |
Posted 11/02/2008 05:07 am
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Thanks Condor101, I thought that was unusual as well . Can't understand it.
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TreasHunt
Pillar Of The Community
USA
1458 Posts |
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AuldFartte
Pillar Of The Community
USA
830 Posts |
Posted 11/02/2008 09:47 am
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Amazing. Talk about fools, any one of those "dealers" could have looked up the S-79 in a book. Sheesh.
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pattiewhack
Pillar Of The Community
Canada
992 Posts |
Posted 11/02/2008 4:12 pm
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This is a classic example of collector vs. dealer. Collector wins.
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KurtS
Pillar Of The Community
5316 Posts |
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vermontensium
Pillar Of The Community
USA
3493 Posts |
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