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 Replies: 46 / Views: 7,900 |
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New Member
United States
15 Posts |
While going through some of my father's old coins, I came across an 1858 Canadian penny. It has coinage orientation, which is apparently quite rare for this coin. The condition leaves much to be desired, as it appears to have some environmental damage. You can read the date fairly well, and make out some details, but not many. How bad does this affect the value? Is it still worth anything due to the rarity of the coin, or is condition everything?
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Pillar of the Community
Canada
695 Posts |
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Valued Member
Canada
478 Posts |
FIRST DIBS if you want to sell  |
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Pillar of the Community
Canada
3167 Posts |
 and  ! Edited by noahs-numismatics
04/12/2013 7:32 pm
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New Member
 United States
15 Posts |
I will try to post some pics this weekend. The coin doesn't appear to be very photogenic, but I will do my best.
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New Member
United States
15 Posts |
Here are some pictures from my phone. As I said, there is some damage. With the rarer coinage orientation, is there still any value.   Edited by turkey track
04/13/2013 09:49 am
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Pillar of the Community
Canada
3167 Posts |
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Pillar of the Community
Canada
1984 Posts |
With only two certified in coinage orientation (both EF40), it is fair to say that this coin is worth a lot as is. Don't attempt to clean it!!
I have not seen a coinage orientation 1858 sell. To find out the value you would really have to put it up for auction. This is scarcer than a brass 1859 cent, so the price could be higher I would think. They sell in low grades at over $10,000.
So just to make sure, though, as people sometimes get confused, this coin when you turn it around should have the same orientation as a US coin.....one side is upside down versus the other, right?
Edited by Smallcentguy
04/13/2013 10:09 am
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Pillar of the Community
Canada
3167 Posts |
Yes. Are counterfeits of these common or ever seen at all?
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New Member
United States
15 Posts |
That is correct, if I revolve the coin on its "axis", the obverse and reverse are opposite/upside down. As to its authenticity, I can only assume it is real. My father was raised in Ontario, and collected coins as a boy.
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New Member
United States
15 Posts |
On a side note, what would I need to do to get the coin authenticated, and put up for sale?
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Pillar of the Community
 Canada
9873 Posts |
Great find!
Probably the easiest route for you would be to find a reputable dealer who can offer an opinion on its authenticity and submit it to PCGS for you.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
04/13/2013 12:42 pm
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Pillar of the Community
Canada
3167 Posts |
 or ICCS, or CCCS |
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Pillar of the Community
Canada
1984 Posts |
Given you are in the US, PCGS is easiest and safest. Given the condition, they might decline to grade it. I think they would certify it as genuine though. There would be no reason for you to expect it not to be genuine by the sound of it.
You might also want to consider NGC. They are not as recognized for Canadian coins, but they offer a professional coin restoration service and then encapsulate the finished product. The value of this coin might be multiplied by a restoration done by an expert. I wouldn't even consider trying to do it on your own on a coin of that potential value.
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New Member
United States
15 Posts |
Thank you everyone for your input. I have an appointment with a dealer on Friday to determine if it is worth sending it in to PCGS. I will update on the status after the meeting.
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New Member
United States
15 Posts |
*update*
I took the coin to a local, reputable dealer. He admitted to not being well versed in Canadian currency, and put a tentative price of "a couple hundred dollars". That being said, he has a Canadian dealer coming in tomorrow to look at the coin. Apparently this gentleman used to work with the Canadian Mint, so hopefully he can provide some more insight. On a side note, the dealer did confirm that it is coinage orientation.
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Replies: 46 / Views: 7,900 |
Posted 04/12/2013 7:30 pm
