| Author |
 Replies: 12 / Views: 1,689 |
|
|
Valued Member
Poland
263 Posts |
Hello everybody. Here is my newest purchase - 1787 New Jersey, Maris 38-Z, I think. It is R-4 coin, in AG-G details grade, with mint error (?). Unfortunately, coin was very very very hardly polished, surface is almost like a mirror  . But... I bought this old copper for 7$, so I believe I did not overpaid and my new coin is worth more than melt value. What do you think? Thank you for all your opinions.   |
|
|
|
Valued Member
United States
320 Posts |
|
|
Pillar of the Community
United States
3253 Posts |
Nice! I'd say that's a clipped planchet.
|
|
Pillar of the Community
United States
1211 Posts |
Strange to compare a NJ copper to "melt value". But yes it is certainly worth more than $7.
|
|
Pillar of the Community
Puerto Rico
778 Posts |
|
|
Pillar of the Community
United States
3453 Posts |
I can't confirm variety but I would not turn it down. Congratulations!  |
|
Pillar of the Community
United States
3253 Posts |
Oh, it's 38-z, all right!
|
|
Valued Member
United States
301 Posts |
$7 for a colonial coin....and its more or less ledgible...Great score!
|
|
Pillar of the Community
Germany
1849 Posts |
I agree with you TDC - a N.J cent with a legible date for $7 is a good deal. Let it retone naturally and it will look a lot better.
|
|
Valued Member
United States
320 Posts |
Few questions... 1- I assume these are rare? 2- how much would one normally cost? 3- would they normally be in that condition?
Id love to have a NJ coin being from jersey. Thanks
|
|
Pillar of the Community
United States
1211 Posts |
Although the coin in question is in pretty rough shape, these colonial coins allow much more "forgiveness" when it comes to condition "problems". A coin like this would be worth at least $50. I have seldom seen any NJ copper priced below $50. Anything cheaper would be hard to identify as a NJ copper and likely have serious corrosion.
|
|
Bedrock of the Community
United States
20753 Posts |
|
|
Valued Member
 Poland
263 Posts |
Thank you for your answers. I bought this coin at auction - almost without description and with very poor pictures, but I thought it was worth a risk.
GERMANICVS - I hope this NJC will retone, because now it looks like brand new copper cookware. For now, I am keeping it in air-tite capsule, but maybe it will be better to keep it raw?
Edited by thusdayclub
09/04/2014 3:04 pm
|
| |
Replies: 12 / Views: 1,689 |
|
Posted 09/03/2014 1:10 pm
