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1807 Capped Bust Half Dollar - Grade Please

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 Posted 05/28/2014  8:32 pm  Show Profile   Bookmark this reply Add Night-Hawk to your friends list
Looks VF20 from here
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 Posted 05/28/2014  9:05 pm  Show Profile   Bookmark this reply Add dave700x to your friends list
My guess if F-15.
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United States
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 Posted 05/28/2014  9:34 pm  Show Profile   Bookmark this reply Add noD to your friends list
VF-20
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United States
23522 Posts
 Posted 05/28/2014  9:40 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
I would think the Draped coin was more widely saved in good condition as the last year of issue, and the Capped coins circulated more heavily as a result.
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 Posted 05/28/2014  9:40 pm  Show Profile   Bookmark this reply Add flippy to your friends list
VF20
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 Posted 05/28/2014  9:52 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list
VF-20.
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 Posted 05/28/2014  10:03 pm  Show Profile   Bookmark this reply Add jpbone to your friends list

Quote:
I would think the Draped coin was more widely saved in good condition as the last year of issue, and the Capped coins circulated more heavily as a result.


This!

1807 CBH is difficult to find and my favorite date for the series.

Because of weak strike issues with this date VF would not shock me. Nice coin!
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United States
258 Posts
 Posted 05/28/2014  10:11 pm  Show Profile   Bookmark this reply Add 1000_Rubles to your friends list
I would grade this confidently at VF-20. It's a beautiful coin, I love CBHs!
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 Posted 05/29/2014  02:11 am  Show Profile   Bookmark this reply Add GERMANICVS to your friends list
Very nice coin, cipster. I would actually grade your example at VF25.
I think there is enough detail remaining to justify that.

I can only confirm what you already said - the 1807 CBH is difficult to find. There seems to be at least two 1807 Draped Busts for every Capped Bust offered.
This is one of the coins I regret not buying when they were more accessible 20+ years ago. My examples are both quite low grade.

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 Posted 05/29/2014  02:56 am  Show Profile   Bookmark this reply Add Arael to your friends list
I agree with the consensus of VF-20
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Korea, Republic Of
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 Posted 05/29/2014  03:59 am  Show Profile   Bookmark this reply Add Matteproof to your friends list
VF-20.
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 Posted 05/29/2014  12:52 pm  Show Profile   Bookmark this reply Add Mikey07nj to your friends list
I'm at vf 20 only because of the small rim dings or I'd be at vf 25.
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 Posted 05/29/2014  3:51 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list
VF-20 to my eyes
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 Posted 05/29/2014  4:51 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list
Looking at some other slabbed coins for comparison I'll say this coin is a lock for VF-20 and has a good chance at VF-25.
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 Posted 05/29/2014  6:11 pm  Show Profile   Bookmark this reply Add cipster to your friends list
Thanks for all your comments and estimates of grade. First I'd like to address the the Capped Bust mintage of 750K vs. the Draped Bust mintage of 301K - some good points were made about people saving the old style and circulating the new style. In reading Bust Half Fever the author goes through some mathematical calculations based on the number of die marriages and says that the 750K capped bust halfs was probably only 300K.

Second and most important to me is the grading. When I was considering this coin I thought that maybe they were smoking some funny stuff at NGC that day.

Oh, I didn't mention that the NGC grade is VF30. More research tells me that the first year of the new design was a production nightmare. The metal didn't flow well and the technology was non-existent. Many bust halfs over the years are weak strikes but the 1807s are weak in random areas making them difficult to grade. Sometimes it's the dentils, or the clasp, or Pluribus, or the left wing and often combinations of these. In looking at previous sales at Heritage I saw AU53 halfs that looked XF40 and VF30 halfs that looked like VF20.
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