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1793 Liberty 1 Cent/Auction Over/And Here's The Skinny On It

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Pillar of the Community
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 Posted 03/26/2008  09:26 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Condor.........
MASSIVE pieces of information you have provided to me !! THAT has been what I've needed on this coin...THANK YOU !
Now, I feel more "armed" and prepared ! I'd been "waffling" on whether to go or not.....cause I knew I would go after it if I found myself there!......at least up to the $500.00 range. Now I feel more comforted about this opportunity. Thanks again !
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 Posted 03/26/2008  09:33 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Hey, so, if I do go.....and I do "win" the coin......I suppose the right thing to do would be to send it off and have it "slabbed & graded"......I've never done this with any of my coins before.?
Basically to have it "professionally graded and identified" ?
I've got some coins worth over a thousand, but with all of the intricacies of a coin of this type and with this much age.....and the need to prove it isn't a counterfeit......
I guess I answered my own question with that....yes....send it off and have it properly identified and graded.
That's "after" I post the pics up here OF COURSE !...
Edited by eaglefoot
03/26/2008 11:50 am
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 Posted 03/26/2008  11:31 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list
quote:
Electrotypes These are usually overweight, often with plain edges, and the seam is usually were the edge meets the rim. Really good electrotypes will even have the edge lettering. The good thing about these is that the electrotypes are usually worth three to five hundred dollars



Conder, this is a question that has bothered me for a long time- why in the heck are electrotypes worth so much? I have seen some EAC dealers have examples listed for hundreds of dollars and I figure they are the best people to judge the value of something like that but it makes no sense to me
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 Posted 03/26/2008  3:49 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
That is "at least" comforting to me......in case my bid is around that much!......
Edited by eaglefoot
03/26/2008 3:50 pm
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 Posted 03/27/2008  4:53 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
Electrotypes have there own history to them. Back in the 19th century these were not considered to be fakes but were actually an identification aid for very rare dates or varieties in an era before photography or when photographs were still crude and not commonplace. A collector who had a very rare piece might have electro made of it and send them to others with whom he corresponded. They could be used as a hole filler until a genuine specimen was obtained and could be used a a comparison piece to confirm an attribution. Since many of these were at one time in major collections they also developed a level of desirability and are collectible in their own right. The thing is, they are in many cases actually rarer than the rare dates or varieties they copy, and are often made from one of the best examples known. Some electros have their own unique history such as the electrotype of the Dexter specimen that was used to illustrate the catalog for the Berlin sale in which it first appeared. This is the only electro I know of made from one of the actual 1804 dollars. I don't know who owns it today but I bet it is worth a fair sum. then there are the electrotype sets that were made up of the proof Half Cents of the 1840's. Those coins are quite valuable and few could afford to add either the originals or the restrikes to their collections. But back in the 19th century a few sets of electrotypes were made of these proof Half Cents. They are still quite scarce but a much more affordable way of adding those coins to your collection. (I have three of them and I would love to be able to finish out the set.) So you see like many other things these "fakes" have their own place in numismatic history. (Jules Reiver had a very nice collection of electrotypes, and they brought very strong money at the 2007 EAC sale.)
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 Posted 03/29/2008  10:03 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Kk.....I'm back from the auction and the 1793 Cent was indeed a "Gallery Mint" Copy...... It was even clearly printed on the coin..."copy"....no buffing off or anything. And it was in an envelope which said Gallery Mint Copy on it.......so at least they weren't trying to fool anybody.
There were a few other interesting coins....I walked away with two Large cents in really decent shape....a Half Dime......a few Morgans....a couple of Peace dollars.....
There was a blank penny planchet coin.......an "offset error" penny.....uncirculated condition War Nickels.....wheaties....IHP's.
There was also a "Fractional Note" there.....pretty old.......a very small average condition one.....but didn't know enough about them to bid on it..It went for $47.00.....just couldn't pay that kind of money BLIND and espicially when everything seemed to be going higher than it ought to have......(happens at auctions....)
All kinds of foreign coins...old and new....but I wasn't there for those...nor am I educated enough to offer bids on them !
Somebody paid $65.00 for a really "bad" condition " Flying Eagle cent".....so many coins went for waaaaaaaaayyyyy tooooo much money!......There were A LOT of coin collectors there ...amateur and otherwise I suspect.(not that I'm an expert, but it was obvious there were all kinds there and they had little interest in the other stuff at the auction, that doesn't bode well for good deals for me!...(sucks when they show up at these estate auctions....sometimes there can be wonderful deals!)
Other than the two Large Cents that I got........not a lot there very "eyebrow raising".....but .....I walked away with enough to make the "effort" worthwhile.
Dissappointed with the main focus of the 1793 Cent though........OH AND BY THE WAY IT WAS IN GREAT CONDITION AND IT SOLD FOR $13.00!.......
Edited by eaglefoot
03/31/2008 08:53 am
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 Posted 03/29/2008  10:58 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Oh !..and I will try to get some pics up of the two Large Cents.....they ARE nice !...
Edited by eaglefoot
03/29/2008 10:58 pm
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 Posted 03/30/2008  4:07 pm  Show Profile   Bookmark this reply Add jeremymh to your friends list
What dates are the large cents?
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 Posted 03/31/2008  11:25 am  Show Profile   Bookmark this reply Add jbuck to your friends list
Sorry to hear the 1793 was a copy, at least they were honest! For $13, it might have been worth it to have as an educational piece!

Did you take any pictures of the other stuff?

At the very least, I am waiting on pictures of the two large cents you got!
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 Posted 03/31/2008  1:08 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
Thirteen dollars for a Gallery Mint piece is a very good price. I've paid more than that for them and they are becoming harder to find now that the Gallery Mint is Kaput. They are better quality than the copies produced by the other private mints. The chains were going for $50 each for awhile. They retreated for a while when the company that bought out Gallery announced that they were going to continue operating GMM as before, but now hat it's gone I would expect them to start climbing again.
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 Posted 03/31/2008  1:30 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Jbuck.........
I DID take my camera.....but I just felt "weird" about "shouldering my way in there through the crowd and taking pictures of the coins, so I left it in the truck and decided not to do it !........sorry bud!
This week I plan to make my "second" attempt at photographing coins.....and I'll start with the two recently acquired Large Cents !.....

Condor101............
I "did" think about buying it anyway.....it was only between two people and the guy won it for $13.00........I spent over $200.00 there......what's another $13.00 ?.......I don't know how bad the guy who got it...wanted it though ! Had I tried, he may have kept going up to $20.00-$30.00-$40.00.....who knows now I guess......But I do thank you for the information.. .. I learned A LOT right there !......appreciate it much !.....
Edited by eaglefoot
03/31/2008 1:34 pm
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 Posted 03/31/2008  2:21 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
quote:
I DID take my camera.....but I just felt "weird" about "shouldering my way in there through the crowd...
Understood! You get an 'A' for effort, since you did take your camera!
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 Posted 03/31/2008  4:23 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list
Well atleast you didn't walk away with nothing. I'm guessing that they decided not to write that the penny was a copy because it would attract more collectors.
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 Posted 03/31/2008  4:34 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Amazon99............

The thought crossed my mind too.......They certainly didn't say anything about a Gallery Mint Copy in the AUCTION BILL !...Grrrrrr !...Hrmph !...
Edited by eaglefoot
03/31/2008 4:37 pm
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 Posted 04/01/2008  3:03 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Jeremymh.........

Quote :
"What dates are the large cents?"
_____________________________________________________________________

The two Large Cents are 1851(normal date).... & 1854..........$90.00 for both......

Also got a nice condition Half Dime....1854...
And a handfull of Morgans and a MS63(?) Peace dollar
few others too.....
Edited by eaglefoot
04/01/2008 4:35 pm
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