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 Replies: 12 / Views: 1,665 |
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Pillar of the Community
United States
3546 Posts |
Hello, I just picked up this pricey little booger at an auction in Ky last night. I do not want to do anything yet to this coin insofar as those two small varnish-type dots on the obverse. Please indicate opinions on: - grade - using acetone on a Q-tip to remove these micro-spots - recommendability of using acetone on the entire sides of both the obverse and reverse to increase the value? - overall authenticity of the coin especially the 6/5 - rarity factor and - what would be a fair retail price to pay for a coin like this. Once I receive at least 3 or more CCF members answering all of the above bullet points I'll divulge the price I had to shell out for this cracker jack. Thanks, mdpmedia    |
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Rest in Peace
United States
4078 Posts |
According to Q. David Bowers"This is a series often misgraded due to lack of understanding of its strike anomalies." "Virtually all are lightly struck in one area or another." So in that being stated this is a tough one to grade.
Grade VF-20
Acetone Yes. Both sides
6/5 ? Not sure
If it is a 6/5 I'm sure it is more valuable.
FMV VF= $1,690.00
MDP, believe me I'm no pro at these but trying my best to learn.
Let the more knowledgeable ones come forth.
Thanks
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Bedrock of the Community
United States
36800 Posts |
It definitely looks like the 1806/5. Personally, I wouldn't do anything to it and just leave it as is.
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Pillar of the Community
United States
4897 Posts |
Having never really tried to grade this series I think it is closer to VG10-F12.
Acetone...why not or just leave it alone
Value....no idea.
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Bedrock of the Community
United States
17884 Posts |
Please indicate opinions on:
- grade
I don't think it makes F-12, not enough detail visible. I'd go with VG-10. I'd like to see the rims a little better even for that grade but I can accept it.
- using acetone on a Q-tip to remove these micro-spots
- recommendability of using acetone on the entire sides of both the obverse and reverse to increase the value?
If it was me I'd either use a rinse for the whole coin or just leave it alone depending on what it looked like in-hand. Not to try and increase the value but more for conservation purposes.
- overall authenticity of the coin especially the 6/5
It is definitely real and it IS the 1806/5 B-1 variety
- rarity factor and
R-2 on the Sheldon scale About 600 to 1000 pieces around, a relatively common coin.
- what would be a fair retail price to pay for a coin like this.
I don't get into pricing because it isn't a field I follow closely. But Stacks Bowers sold a VG-8 last month at auction for $506.
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Valued Member
United States
125 Posts |
If I had such a rare, beautiful, and old coin, I would never do any cleaning whatsoever, and keep it's nice, aged look. By the way, is it me, or does that coin have only 12 stars? I no nothing of these quarters, but that must be a variety, no?
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Rest in Peace
United States
4078 Posts |
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Pillar of the Community
United States
9792 Posts |
• I think this coin is VG10 • I don't think acetone will help in removing the dark spots, but I do think that is a good idea - just in order to remove any PVC traces or other harmful contaminants. I don't think it will increase it's value, just help to preserve the current state of condition. • Look authentic to my eyes, but then again, I'm no expert in this series at all. • Rarity, no idea without going to reference books. My A.W. Browning book is in storage, so I can't check that. • Retail? Here is an auction from David Lawrence Rare Coins that is a tad nicer in quality. [eBayItem]350706491930[/eBayItem] I'd have to say your coin was around $500-900. I see a lot have sold at Heritage and one went stupid cheap last month at $176.00 NGC Details VG8 scratched. Most seem to sell for around $700-$1200 retail. Thats a cool coin!  Love to have one in my collection. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440Edited by westcoin
02/12/2013 02:34 am
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Pillar of the Community
United States
1812 Posts |
 I love over-dates, and even in lower grade still find them desirable. I'm not sure how many people know that it was common practice back then to re-punch the new date in left over coin dies from the previous year.  |
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Bedrock of the Community
United States
17884 Posts |
It was common practice to do so on unused dated but UNHARDENED leftover dies. Dies that had been dated and hardened for use were just used as is and were not overdated.
This die was an exception to the rule though. This obverse die was originally used for 1805 B-4. The only other case of this being done was the 1806/5 O-104 half dollar where the obv had been previously used for 1805 O-105.
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Bedrock of the Community
United States
10045 Posts |
Quote:
It was common practice to do so on unused dated but UNHARDENED leftover dies. Dies that had been dated and hardened for use were just used as is and were not overdated. Was it possible to anneal a previously hardened die and impress a new date?  Great overdate btw! I collect overdates, but I never find US overdates unattributed. |
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Bedrock of the Community
United States
17884 Posts |
It could be done, however the die steel of the time was not the best and often failed during the hardening process by cracking (From the uneven cooling of the die body, and unseen internal flaws), or cracking shortly after being put into use. (Hence all the early coins with die cracks, Cuds, and short lived varieties from rapid die failure.) Even if the die did not fail, using it would cause internal stresses to build up. So if you had a perfectly good hardened die, especially one that had already seen some use, you would be unlikely to risk subjecting it to the risks of annealing and rehardening when it could just be used as it was. |
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Pillar of the Community
 United States
3546 Posts |
Hi, I am sure that the pros out there already know about this site but in the event someone else has not visited it yet http://www.doubleddie.com/1801.htmlhas some very interesting articles about dies, hubs, and the general processes involved for several types of coin anomalies. fyi, mdpmedia |
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Replies: 12 / Views: 1,665 |
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Posted 02/09/2013 7:31 pm
