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 Replies: 69 / Views: 5,832 |
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Pillar of the Community
United States
5863 Posts |
Quote:
I don't quite understand the high prices of Classic Head Large Cent.
Millions of these coin were minted back in the day. Are they mostly lost to history compared to Draped Bust and Matron/Coronet Head Cents, and are therefore expensive? Or is there relatively more demand for Classic Head Large Cents? @NumisEd: The problem with the Classic Head Large Cents is not how many were minted but how few were minted in high grade (and how few of those survive today). Due to issues surrounding the War of 1812, the U.S. was unable to obtain the high quality planchets from Britain that they previously used and had to settle for lesser quality planchets. Most of those ended up corroding pretty badly and as a result it's very difficult to find examples in good condition today. |
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Pillar of the Community
 United States
697 Posts |
I'm far from a copper expert, but I seem to recall reading that PCGS and NGC have a lot of issues with the color on many of these, hence their higher prices? This could be the case even with raw coins, as collectors try to avoid buying "problem" coins. If someone that's a member of EAC can read the above comment, they should be able to provide a more accurate answer to your question.
Steve
A day without fine wine and working on your coin collection is like a day without sunshine! My collecting "Pride & Joy" is my PCGS Registry Dansco 7070 Set: https://www.PCGS.com/setregistry/ty...edset/213996Edited by Winesteven
12/16/2020 09:58 am
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Pillar of the Community
 United States
7293 Posts |
@winesteven, If you want to sell your rejects, please let us know  |
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Pillar of the Community
United States
6514 Posts |
Interesting Barryg. I did not know that.
Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 |
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Moderator
 United States
189767 Posts |
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Thanks for the advice (some great, some not so great). I'm going to start the 7070 in 2021. Excellent!  Quote:
As soon as I get my first coin I'll start a new thread. I told my wife my goal is to be in the top 100, which may or not may be feasible, but you never know. Good luck!   |
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Pillar of the Community
United States
5863 Posts |
I found the following information at https://www.NGCcoin.com/coin-explor...814-pscid-14: Quote:Production of the new design began in 1808, with just over one million pieces struck. A cent shortage developed the following year, however, when the Mint ran out of planchets. Official records state that 222,867 cents were made in 1809, but research has uncovered that nearly 50,000 cents minted in June of 1809 may have been struck with leftover 1808 dies. Production returned to normal in 1810; in fact, that year's output of 1,458,500 was the highpoint for the series. But a roller-coaster ride began in 1811 when mintage fell to 218,025, the series' low point, rising sharply in 1812, then dropping again appreciably in 1813. After a final low-mintage year in 1814, the abbreviated series came to an end. Short of planchets again in 1815, the Mint made no cents with that date—the only year missing from U.S. cent coinage from 1793 to the present. In 1816, when production resumed, the cent bore Robert Scot's new and undistinguished "Matron Head" design. ... Classic Head cents are relatively scarce in every collectible grade, but exceptionally so in mint condition. This is partly due to the unusual softness of the inferior quality planchets received from the British firm of Boulton and Watt, but also due to supply and demand: the large number of collectors pursuing the early coppers has always limited the number of choice pieces available for sale. Unfortunately, there have been no hoards discovered of any consequence. The numismatic fraternity is limited to the small number of high-grade specimens that very infrequently return to the fold from one of their own. |
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Pillar of the Community
United States
697 Posts |
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@winesteven,
If you want to sell your rejects, please let us know @hfjacinto - I recognize the tongue in cheek, but as you know, the slots that get upgraded are nice coins. I do offer for sale the coins that are removed from my sets as a result of upgrades. EDITED OUT more detailed information. Steve Edited by Winesteven
12/16/2020 4:20 pm
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Moderator
United States
189767 Posts |
Very interesting information! |
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Pillar of the Community
United States
7293 Posts |
@winesteven, I believe what you posted is ok, if not a moderator will let us know. If my budget would allow me to purchase those coins I would, but I'm a budget collector. I live vicariously through others high end purchase. I did check them out and I had to order a new computer as I drooled all over the keyboard and gave myself an electric shock, but when the eyes jumped back into my head it was only a flesh wound    BTW, I can agree with this: "A day without fine wine and working on your coin collection is like a day without sunshine!!" Edited by hfjacinto
12/16/2020 4:15 pm
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Pillar of the Community
United States
8939 Posts |
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If I'm not allowed to indicate the above here, my apologies. Just let me know and I'll remove everything that is problematic. The only time it's a problem is when people try to use CCF exclusively as a marketplace. Technically, you're a "New Member" so you can't BST or advertise on the forum, but, while I'm not a mod, I can't imagine them having an issue with you saying this. |
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Pillar of the Community
United States
697 Posts |
@hfjacinto - You made me laugh with your earlier comment. Your last comment - so nice! Thanks.
Steve
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Pillar of the Community
United States
697 Posts |
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The only time it's a problem is when people try to use CCF exclusively as a marketplace. Technically, you're a "New Member" so you can't BST or advertise on the forum, but, while I'm not a mod, I can't imagine them having an issue with you saying this. @GrapeCollects - Thanks. As a New Member, it's important to me that I avoid any problems. As such, I edited my above post in replying to another member asking me that I inform others when I upgrade coins. Thanks. Steve A day without fine wine and working on your coin collection is like a day without sunshine! My collecting "Pride & Joy" is my PCGS Registry Dansco 7070 Set: https://www.PCGS.com/setregistry/ty...edset/213996 |
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Pillar of the Community
United States
5192 Posts |
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Unfortunately, there have been no hoards discovered of any consequence. The numismatic fraternity is limited to the small number of high-grade specimens that very infrequently return to the fold from one of their own. Right. Even the Randall Hoard didn't contain any pre-1815 Large Cents (strangely). So it didn't help alleviate the Classic Head "shortage". |
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Bedrock of the Community
United States
17884 Posts |
Quote:I don't think any other coin (except the draped bust cent) in the set can't be had in XF without breaching that $300 limit. Draped Bust Half Dime, Heraldic Eagle: $4,000+ (XF) It's not in the 7070 set. The first Half Dime in the 7070 is the capped bust 1829 - 37. Quote:@condor Seated dollar? That's probably tied with the Draped bust cent at #2 Neither one would be available in XT for under the $300 limit but either can be had in VF for about half what the classic head cent would cost. to get down to the $300 range for either you would have to go to Fine, but the dollar could be had with a little stretching above that in VF, and definitely cheaper than the Draped Bust cent in VF. OK so I was wrong about nothing other than the Draped Bust and Classic head being over $300, but you have to admit that I wasn't far off. |
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Moderator
United States
189767 Posts |
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OK so I was wrong about nothing other than the Draped Bust and Classic head being over $300, but you have to admit that I wasn't far off. Impressive nonetheless.  |
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Posted 12/16/2020 09:54 am
