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A High-End 1878 British Penny

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 Posted 05/14/2010  10:37 pm  Show Profile   Bookmark this reply Add echizento to your friends list
Very nice coin with nice toning and detail. I would grade it at AU-55.
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 Posted 05/14/2010  10:48 pm  Show Profile   Bookmark this reply Add Archraz to your friends list
echizento- Thanks!

Also, what kind of value would you guys assign to this coin in AU? My krause jumps from EF to Unc, and since there is quite a difference between the values for these two grades, it can be rather hard to assign a proper value.
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 Posted 05/15/2010  08:37 am  Show Profile   Bookmark this reply Add echizento to your friends list
I'd say right around $125.
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 Posted 05/15/2010  11:58 am  Show Profile   Bookmark this reply Add Archraz to your friends list
echizento- Thanks!
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 Posted 05/15/2010  12:58 pm  Show Profile   Bookmark this reply Add xshift to your friends list
2009 Spinks jumps between 80 for EF to 475 for UNC, in pounds. I tend to lean towards Spinks pricing more than Krause for Great Britain coins.. so $125 USD would probably be a bit on the low side for an AU55.
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 Posted 05/15/2010  1:13 pm  Show Profile   Bookmark this reply Add leprecoin to your friends list
As far as I remember in GB there is no such a grade as AU. Just EF and UNC, but then again...
I wasn't active for a long time, and things might changed?
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 Posted 05/15/2010  1:17 pm  Show Profile   Bookmark this reply Add Archraz to your friends list
xshift- Yeah, I saw that too, but I have never been quite sure how to interpret British prices. In the US British coins rarely bring full book values, and in my neck of the woods I get laughed at for buying British coins (even when I get amazing deals). By contrast, whenever I am in London I am just amazed/ horrified at the pricing of coins. I see 1962 British pennies in EF, for example, selling for ridiculous prices. In fact, I remember seeing British Indian Rupees from the 1880s in VF-EF, which book for $10-$12 in Krause, selling for 100-200 pounds. Be it as it may that the shop I visit most frequently is across the street from the British Museum, which may mean that this store really jacks up it prices since tourists are lurking about, but none the less those prices are absolutely outrageous.
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 Posted 05/15/2010  1:27 pm  Show Profile   Bookmark this reply Add leprecoin to your friends list
Arc, if I remember right you just blocks away from Spinks?
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 Posted 05/15/2010  1:34 pm  Show Profile   Bookmark this reply Add xshift to your friends list
Well, I certainly won't laugh - I'll just be jealous Bring on the amazing deals!

Yah, that shop sounds like a tourist trap. I wonder how much lower the prices would be elsewhere? That's interesting. Do you see a lot of people buying them when you're there?

As for the AU grade - I don't know if a strict grader in GB would give an AU, but the TPGs here certainly do. I've heard of coins graded with the qualifiers "nearly", "almost", or "about", as in "about Fine" or "nearly Uncirculated". Of course, I've also seen "good Fine" but that may have been on an Australia coin, I can't remember. In any case, since coins *can* be graded AU, it becomes a price point that really ought to be included in pricing catalogs, but unfortunately isn't.
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 Posted 05/15/2010  1:42 pm  Show Profile   Bookmark this reply Add Archraz to your friends list
leprecoin- Honestly, I have never been to Spinks, so it is possible.

The last time that I was in London I actually asked around on the forum whether or not Seaby was an active shop in addition to an auction house. And everyone was not quite sure. So I dropped in to the address listed in the London phone book. And I must say that they were surprised to see me since it turned out to be their offices. haha But one of the guys who works there was very nice and directed me to the shop across from the Museum. It just seems like in London demand may be so high that there are so few coins to be found. I remember that at that shop a few circulated pennies from the 1960s were in the glass case with prices around 10-20 pounds a piece. One of the store employees said that Bronze and copper pennies, half pennies, and farthings are VERY hard to ever even have in stock. So do you think that this is indicative of extremely high demand in London or due to some other mystery factor?
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 Posted 05/15/2010  1:46 pm  Show Profile   Bookmark this reply Add leprecoin to your friends list
Maybe its time
Edited by leprecoin
05/15/2010 4:49 pm
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 Posted 05/15/2010  2:22 pm  Show Profile   Bookmark this reply Add xshift to your friends list
Maybe next time you go, you should take a small stash and sell them to the shop
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 Posted 05/15/2010  2:34 pm  Show Profile   Bookmark this reply Add Archraz to your friends list
xshift- Yeah, I had thought of that, but who knows how much they would give me for them. Plus if I wanted to just trade them for other coins, then I would be trading towards coins that are extremely high in price. So it might just be proportional to trading them for British coins here in the states.
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 Posted 05/15/2010  9:21 pm  Show Profile   Bookmark this reply Add Pandesalapi to your friends list
It's a Beauty...
Toes are sharp, waves are clear... AU
Thanks for sharing
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 Posted 05/15/2010  9:22 pm  Show Profile   Bookmark this reply Add Archraz to your friends list
Pandesalapi- Thanks! I always love to share nice coins, so I'm glad that you've enjoyed seeing this one.
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