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 Replies: 17 / Views: 2,852 |
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Pillar of the Community
United States
1431 Posts |
The story goes that nearly the entire mintage of 1827 pennies were packed into crates and shipped to Australia for use in the penal colonies. The vast majority of examples were damaged and corroded on the journey by the saltwater and salty sea-air; examples better than VF are virtually non-existent. Here is a sold listing with comparable wear, but markedly worse corrosion (not as many rim dings, however): 281897304690Here is yet another sold in just about the worst shape imaginable: 191787801477Edited by Kefiroth
03/24/2016 01:16 am
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Valued Member
United Kingdom
190 Posts |
Congratulations and what a fantastic find.
To get the 1827 penny above very fine is extremely scarce and as mentioned nearly all have problems.
Although yours is not the best grade I have seen a lot worse.
To give you an idea I believe there is only 4/5 in unc ,the last one selling at London coin auction for £24,500.00
Definately one to keep and Hat off
Pete.
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Bedrock of the Community
 United States
11951 Posts |
Very good information, thank you for posting.
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Pillar of the Community
United States
1911 Posts |
Awesome nice find! I have some earlier bronze coins from Britain as well (late 1800's) that I am going through. I don't think any of them are worth that much though they don't look near as nice as yours! :)
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Bedrock of the Community
United States
11951 Posts |
I really don't know what it is worth, UK grading is very different than
US grading.
Not that I plan on selling it
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Pillar of the Community
United Kingdom
1351 Posts |
Great find.
Keep checking your old boxes of copper.
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Bedrock of the Community
United States
11951 Posts |
If this was a US coin I would grade it
VF details - Details because of the rim dings.
The rim dings would decrease the value by one grade.
But this still leave me stuck. I like to write on the 2x2 what the value
of the coins are, for when I am gone and my kids have to figure out
what the collection is worth.
Is it possible to say what value a UK collector would place on this coin.
$50 .... $100 ...maybe $150 ....
Or would a Australian collector be more interested in this coin?
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Pillar of the Community
United States
1431 Posts |
$150 seems like a fair estimate to me.
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Pillar of the Community
Canada
5253 Posts |
Krause 6th edition lists it as $250 in F.
These big pennies tend to have a lot of edge dings.
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Bedrock of the Community
United States
11951 Posts |
Quote:
These big pennies tend to have a lot of edge dings I would have to agree with that, I have several that have similar rim dings. Edited by GR58
03/24/2016 10:14 pm
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Pillar of the Community
United Kingdom
1351 Posts |
View London Coin Auctions site and see the completed auctions and pictures for this date.
I googled 1827 penny at this cropped up 1st.
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Valued Member
United Kingdom
190 Posts |
Its actually not that bad and feel without looking in hand your more around £250 possibly a bit more , dont know what that is in dollars but worth a lot more than $150.
Again just to mention it is one of the key dates of the copper penny series ,the corrosion is like that on all of them in that grade if not worse.
As peter mentioned have a look on prices realised on london coin auction site.
Pete.
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Valued Member
United Kingdom
190 Posts |
As another example colin cooke(uk website) has one listed to compare with ,although that one is better its at £395.00
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Pillar of the Community
United Kingdom
2624 Posts |
I would be happy to own it, rim dings or not it is still a very attractive coin, well struck with nice patina.
The rarity is just the icing on the cake.
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Bedrock of the Community
United States
11951 Posts |
Thank you all for posting your opinions.
I did not know this was such a interesting coin,
that has value.
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Replies: 17 / Views: 2,852 |
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Posted 03/24/2016 02:48 am
