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Open / Broken Nostril VAMs For 1878

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TMR's Avatar
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 Posted 01/21/2012  11:33 am Show Profile   Bookmark this topic Add TMR to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/1878-8TF-MO...t_1525wt_942

See this listing on ebay for a MS 66 8 TF. The pics aren't the best and I know it is very difficult to determine the VAM by pictures but I was hoping to narrow it down some. I see the open nostril. It looks like the 5th star on the left is missing a point. I can't quite make out the marks above the date and between the 7 and 8. The reverse feathers seem a little weak as well.

What 1878 8 TF VAMs have the open nostril feature? I see VAM 14.5 lists the open nostril as a diagnostic but the pictures On the listing aren't enough to determine if there is a Spiked A.

If I could narrow the VAM possibilities, it would help to determine If this coin is a rarity.

The seller has a no return policy and I have yet determined if the asking price is crazy or within reason.




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 Posted 01/21/2012  12:01 pm  Show Profile   Bookmark this reply Add TMR to your friends list Get a Link to this Reply
Possibly VAM 21? Just window shopping on a rainy cold day...
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 Posted 01/21/2012  2:51 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
It's VAM-21. They are, believe it or not, "common" in MS66 to the extent that anything is "common" in MS66. The price is, IMO, a few thousand dollars too high. An NGC MS66 went for $7475 at Heritage's FUN auction this month, but the previous sale of a 66, less than a year ago, was $4600.

I think the latter number is more realistic.

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 Posted 01/21/2012  4:46 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I see SuperDave has already beat me to this one, I agree its a VAM-21 and the price is a little much. If I had this kind of money I would be bidding on the VAM-84 on Heritage right now, it is a MS-66PL by NGC and would be a TOP POP for this coin. Even though the VAM-84 is pretty common, it isn't in this grade, and actually any 1878-P-7TF above MS-65 is pretty hard to come by. This is a 7TF and they usually bring less than any 8TF but I bet this one will probably sell for around the price they are asking for that one, if not a little more
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 Posted 01/21/2012  5:13 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
If I had this kind of money I would be bidding on the VAM-84 on Heritage right now, it is a MS-66PL by NGC and would be a TOP POP for this coin.


That thing is gonna go for stoopid money. It's absolutely gorgeous, and a slam-dunk 66. A PCGS 66PL VAM-82 sold for $8625 back in 2006, and I think this one will beat that.
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 Posted 01/22/2012  6:12 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
That thing is gonna go for stoopid money

yeah I know, and all I can do is sit and watch the big boys on this one
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 Posted 01/22/2012  8:50 pm  Show Profile   Bookmark this reply Add TMR to your friends list Get a Link to this Reply
Could Someone post the link to the auction on Heritage that has been referenced?
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 Posted 01/22/2012  9:02 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Could Someone post the link to the auction on Heritage that has been referenced?


http://coins.ha.com/c/item.zx?saleN...7&lotNo=4141

If I had $8k to throw, I would absolutely consider throwing it here. But not much more. Be minded, this is Condition Census, and a fantastic coin, but the audience is narrow and the potential exists for another to come out and downgrade your investment. The knowledgebase is not sufficiently developed to make this a slam-dunk investment; if it were me I'd be looking for a fairly quick flip if I'd had to wave $8000 at it.
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