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 Replies: 19 / Views: 3,475 |
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Pillar of the Community
United States
1280 Posts |
both years worth considerably more than $15 regardless of the grade. just look at ebay |
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Bedrock of the Community
United States
94367 Posts |
True, but we haven't seen the coins in question. After 200 years, I guess you just have to go with the flow. Large cents are a big business and base values are well established. pasasap - in any event -  to the CCF! |
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Bedrock of the Community
United States
12057 Posts |
1809 S280 (only die pair) is actually valued higher than 1811 S287 (non-overdate) despite both coins being R2.
This proceeds through all grade levels from AG to MS.
A look at the CC for the two dates might clarify:
1809 CC (2014) Finest known MS63, only 4 known MS examples in the census, and everything #10 and below is XF or worse.
1811 CC (2014) Finest known MS65, the first 6 coins are all MS, and there are plenty of AU's below that.
What this means is that there are fewer 1809's in any given condition vs. 1811's in that same condition. This creates what is known as "condition scarcity", where despite two coins being roughly "equally rare" on paper, it is easier to find higher grade examples of one than the other.
In this case, 1809 cents are tougher to find in a given grade than 1811 cents at the same grade. That is why 1809 carries a premium over 1811; and why that premium increases quite a bit as the condition reaches XF and above.
That being said, the (relative) availability of 1811 vs 1809 might discourage dealers from buying 1811's in lower grades when there are plenty of nicer examples available.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
17884 Posts |
Quote:
when there are plenty of nicer examples available. Plenty is a relative term. There really aren't that many nice examples of classic head cents even for the common dates. It is a lot easier to find nice draped bust cents and matron head cents than nice classic heads. |
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Bedrock of the Community
United States
20753 Posts |
Try different coin shows. Must might get different information and prices.
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Pillar of the Community
United States
4421 Posts |
There's a good deal of sage information about the classic head large cents unfolding in this thread. This type has long been among my favorite coppers, given that decent examples, even in the lower grades, are so difficult to locate. To me, it's the thrill of the hunt.
Even without the OP's pics, it does seem to me that he may have been low-balled with the $15 offer. The market for coins is generally soft right now, and dealers are understandably antsy. Many dealers are now sitting on piles of stagnant stock; especially so, the lower grade material. Dealers are always anxious to buy a coin that's a quick-flip. This may somewhat explain why the OP's 1811 "filler" didn't attract a more reasonable offer. Having long looked for the 1809's, myself, I can firmly say that one is far more likely to encounter the 1811's in dealer stock.
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Pillar of the Community
 United States
5828 Posts |
 Try shopping around |
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Bedrock of the Community
United States
12057 Posts |
Plenty is of course relative, but I can tell you with some degree of certainty that it is easier to find 1811s in VF or better than 1809's in the same grade. Supply is scarce, of course, but demand doesn't fluctuate all that much either.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
Germany
1852 Posts |
Well, I had relatively little trouble finding my 1811 (VF or so), and it took me a few more years until I found a suitable 1809 for a reasonable price.
The 1809 is lower grade than the 1811, and it cost me about the same.
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Pillar of the Community
Australia
7096 Posts |
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I asked $60 in credit for my 1811 towards the purchase of one of his other coins. He refused and offered me $15 If you think your coin is worth $60 then just sell it on ebay and take the $60 with you next time . $60 in cold hard cash is a lot more useful than $60 in credit any day  |
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Pillar of the Community
United States
1499 Posts |
When I was kid collector I came across two 1911 large, one overdate and one normal, that I found in old hoards. I never saw an 1809.
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Valued Member
United States
156 Posts |
This question is not so much how many were minted as how many have survived.
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Valued Member
 United States
190 Posts |
I sold the 1811 on ebay for $90 at auction. :) LOL |
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Bedrock of the Community
United States
12057 Posts |
Not a bad sale price. Good job
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
17884 Posts |
Like I said, $15 was silly.
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Posted 03/25/2016 5:26 pm
