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1838-O New Orleans Half Dime

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 Posted 02/08/2023  7:10 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list
This coin's DEFINITELY a keeper says this old guy .... but consider that I love damaged coins, counterstamps, that is. Guess that my taste in coins defines me as well, huh, CoinFrog?

Great details and patina on this rarity and at a great price to boot!
Edited by ExoGuy
02/08/2023 7:15 pm
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United States
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 Posted 02/08/2023  7:13 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list
1838-O-New-Orleans-Half-Dime
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 Posted 02/08/2023  7:24 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list
A keeper for sure and a good deal at that price. Paralyse said it may be good for a repair, and I think that is a great idea. Have to find someone to do the job, but there are a handful of master coin doctors out there.
Suffering from bust half fever.
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 Posted 02/08/2023  9:11 pm  Show Profile   Bookmark this reply Add HondoB to your friends list
Personally, I would leave it as is and not have it "repaired". If sent to a TPG, it would get a details in either case. Not sure if the repairing would significantly add to the value, and there is always the chance that it could be botched.
Inordinately fascinated by bits of metal with strange markings and figures
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 Posted 02/08/2023  10:09 pm  Show Profile   Bookmark this reply Add ElmerFlick to your friends list
1838-Os are tough. It's one of the last ones I found for my set and I "settled" for a Vg. A vise, a couple of soft blocks of wood, and some elbow grease might make it less mangled if you are careful with it.

ElmerFlick
Edited by ElmerFlick
02/08/2023 10:13 pm
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 Posted 02/08/2023  10:35 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Lots of tough stuff out there, surprised you went for a problem coin.
Edited by Coinfrog
02/08/2023 10:35 pm
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 Posted 02/09/2023  03:57 am  Show Profile   Bookmark this reply Add GERMANICVS to your friends list
Thank you, all, for your comments.

I guess I have a 'thing' for 1838-O Half Dimes.....I collect primarily EAC's and early dimes, but the 1838-O H10C has really interested me ever since I started collecting US coins in the mid 80's. Similar to the fascination I have for the 1809 capped bust dime.

Difficult to explain why - part of this is related to the fact both the 1838-O H10C and the 1809 dime are first years of issue, thus historical and relevant numismatically. Also, both are much in demand and scarce and difficult to find. 1838-O Half Dimes in grades better than VF are difficult to find, as some of you have mentioned.

This also answers Coinfrogs' question as to why I decided to keep it (in spite of the obvious damage). When I saw the listing I thought it was unusual for such a high grade '38-O to be offered for such a low prices, and at my doorstep no less....The OP pictures (attached) did not show the extent of the damage so when it arrived I was at first disappointed, but also surprised at the high grade. All in all, I was inclined to keep it for the reasons outlined. A further price reduction from the seller made it all the more attractive.

Who doesn't like "less-than-perfect" scarce or rare coins but at very low prices. I do!

Paralyse, jacrispies and ElmerFlick mention it may be possible to repair it by reducing the slight bend? That sounds interesting. I have never done that but is something to look into.

Attached you will see the original listing pictures, as well as two other 1838-O Half Dimes in my collection. As I said, I REALLY like this issue...






1838-O-New-Orleans-Half-Dime
1838-O-New-Orleans-Half-Dime
Edited by GERMANICVS
02/09/2023 04:03 am
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Germany
1849 Posts
 Posted 02/09/2023  06:46 am  Show Profile   Bookmark this reply Add GERMANICVS to your friends list

Quote:
This coin's DEFINITELY a keeper says this old guy .... but consider that I love damaged coins, counterstamps, that is. Guess that my taste in coins defines me as well, huh, CoinFrog?

Great details and patina on this rarity and at a great price to boot!


Thank you, ExoGuy. I agree.



Quote:
The coin looks to be in VF+ to XF condition except for the damage. You say you paid 225 Euros which is about $240 USD. Even as a details coin it would appear worth keeping. PCGS lists a G-4 specimen at $250. There is a considerable price swing for this coin from VF-25 at $1350 to XF-40 at $3000. Even if you half that for a details grade I think you did very well.


I think so too. I have seen what 38-O's sell for, even low grade and damaged coins and compared to those,this was a good deal. The details on the coin was the clincher for me.
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 Posted 02/09/2023  07:36 am  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list
Nice addition to your collection, thanks for sharing.
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 Posted 02/09/2023  3:44 pm  Show Profile   Bookmark this reply Add ElmerFlick to your friends list
Germanicvs,

Here's a problem free 1838-O dime I picked up about 3 weeks ago. It was too nice to pass up!

ElmerFlick


1838-O-New-Orleans-Half-Dime
1838-O-New-Orleans-Half-Dime
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2003 Posts
 Posted 02/09/2023  5:02 pm  Show Profile   Bookmark this reply Add MisterT to your friends list
That dime is very nice and would be a good compliment to the OP's Half Dime. Low mintages for both, 70,000 for the Half Dime and 406,000 for the dime.
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1849 Posts
 Posted 02/10/2023  04:55 am  Show Profile   Bookmark this reply Add GERMANICVS to your friends list

Quote:
Here's a problem free 1838-O dime I picked up about 3 weeks ago. It was too nice to pass up!

ElmerFlick



I would certainly agree with that! That is a pretty one.
There are lots of 1838-O dimes in VF and lower - in higher grades, like yours, not so easy.
That would make a good companion to my new 1838-O H10C, as MisterT says.


My own example is in lower grade.

1838-O-New-Orleans-Half-Dime
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United States
164 Posts
 Posted 02/10/2023  10:00 am  Show Profile   Bookmark this reply Add chirrrs to your friends list
I think you definitely made the right call keeping it and I agree that it's probably XF details. You could always sell it for a pretty nice profit and put that money towards one that does straight grade. Other than that ding, it's really nice, great color!
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 Posted 02/10/2023  3:03 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list
If you want a price comp, here is an XF details mounted and scratched example @$1,500. Let's see if it sells on Sunday.
https://www.greatcollections.com/Co...e-XF-Details
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 Posted 02/10/2023  7:57 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
As tempting as it might be sometimes, not every coin has to be perfect to be appreciated.
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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