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1797 Large Cent 'No Stems' New Purchase......

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Pillar of the Community
United States
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 Posted 12/02/2014  6:11 pm  Show Profile   Bookmark this reply Add westcoin to your friends list
I'd say the EAC grade is F15 a commercial TPG grade is probably around VF25/30. The last one I can remember seeing was in the FUN auction in January 2014 by Heritage, from the Mervis collection EAC VF25/PCGS XF40.

http://coins.ha.com/itm/large-cents.../1200-2629.s

Sold for over $5K for that one! And previously in the fantastic Dan Holmes & Walter J. Husak Collections it sold for over $8K in the Husak sale! This coin is not all that far from the Holmes/Husak/Mervis piece. I sure hope this coin arrives in good shape doubleeagle59, it sure is a beautiful variety. (The S-143) is a no stems reverse Large cent for those that don't know.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
12/02/2014 6:40 pm
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United States
17884 Posts
 Posted 12/02/2014  6:47 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
Very nice. The TPGs would probably call it a VF25-30, EAC F-12. It is an extended condition census piece, somewhere between the 15th to 20th finest known. I don't have Noyes CC photos but if this is a previously known piece the provenance should be determinable. The dents on the neck and the one in the right field should make it instantly identifiable.
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Canada
2495 Posts
 Posted 12/09/2014  09:33 am  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list
Coin has arrived!

I believe the coin has been lightly polished, but since it's a rare coin, I'm not too concerned about this.

1797-Large-Cent-'No-Stems'-New-Purchase......

1797-Large-Cent-'No-Stems'-New-Purchase......
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23522 Posts
 Posted 12/09/2014  09:46 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Lovely planchet and a decent strike. Color seems spot on. The "polishing" seems too evenly spread; it may well be lacquer. If you're comfortable with the use of acetone, have a go and see if that "polishing" will come off. I see nothing about the coin which would preclude a decision to soak it. May not help, but it won't hurt.
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 Posted 12/09/2014  09:49 am  Show Profile   Bookmark this reply Add pawpaw34 to your friends list

Very nice!!!!!
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Canada
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 Posted 12/09/2014  09:56 am  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list
SsDave.....I don't beieve it's lacquer because there's defintely a difference of color in between high points of the coin.

Look at the fields in between the letters and right next to the edge of Liberty's profile.

Polishing would not get right into these areas, whereas lacquer would.

What do you think about this?

Also, when I tilt the coin and reflect light in one direction, the coin becomes highly reflective and takes on a bluish rainbow'esque' color.
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 Posted 12/09/2014  11:24 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list
Kinda looks like somebody rubbed it between their thumb and finger. Rubbed the high points.
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 Posted 12/09/2014  11:39 am  Show Profile   Bookmark this reply Add MorganGrader to your friends list
My initial thought was that it was at one point, cleaned. Still an exquisite example of a rarity, both in terms of planchet quality and strike, if not original. Lacquering is a definite possibility given the age.

I'd net grade it VF20.
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 Posted 12/09/2014  12:07 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
You're the final judge, of course. I based my suggestion solely on how I'm seeing the coin's highlights reflecting directly. The edges of the letters and devices reflecting into the lens are too even in quality, suggesting to me that there's a very even unoriginal finish on the coin. Maybe polishing, but it would take a brisk polishing indeed to get a finish that evenly reflective. So, a good chance to me that it's lacquer instead.

Based on only two images, of course.
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9796 Posts
 Posted 12/10/2014  11:20 pm  Show Profile   Bookmark this reply Add westcoin to your friends list
Super find and cherry pick on this beauty!
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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 Posted 12/12/2014  2:52 pm  Show Profile   Bookmark this reply Add TJsCoins to your friends list
Fantastic LC, congrats!
I agree that it would be an EAC F and TPG VF. I like the color and believe that the "polishing" may just be a finger and thumb application of Blue Ribbon or other similar product. In which case it has plenty on company and does not bother my liking of the coin:)
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 Posted 12/12/2014  6:08 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list
Her's a pictures taken at a low angle that shows the blue color and the reflective surface.

1797-Large-Cent-'No-Stems'-New-Purchase......
Pillar of the Community
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1566 Posts
 Posted 12/15/2014  8:08 pm  Show Profile   Bookmark this reply Add Celticsoul to your friends list
A really fantastic coin.
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Canada
2495 Posts
 Posted 01/17/2015  11:33 am  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list
Update--Jan. 17th.

Graded by NGC as 1797 no stems S-143 VF details (cleaning).

Overall, I'm pleased as it's the result I expected.

Too bad the VF grade isn't more specific, but I believe this coin is closer to a 40 than a 20, so it probably is a vf30 or vf35.
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702 Posts
 Posted 01/17/2015  11:58 am  Show Profile   Bookmark this reply Add Scropper to your friends list
Wonderful!

And you've touched on one of the things I don't like about the current Sheldon scale - the grade "VF" encompasses a large number of points. It would be nice if the 30 grades had their own distinct name - Quite Fine sounds rather English, doesn't it? Plus collectors would have a "blast" with their QF coins.

Oh dear.

But in all seriousness, that sounds good to me! Sadly, when it's time to sell you'll have imbeciles trying to call it a 20 net X. As it's a scarce enough variety, you'll be able to stick to your guns and be patient. I think an EAC auction may be the way to go for that one, rather than Heritage or one of the other big names.
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