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Replies: 10 / Views: 1,589 |
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Pillar of the Community
United States
1304 Posts |
Is there anyone else collecting any of the Half Cent series? I was intrigued by the low mintage numbers and relatively low prices these can be obtained for, specifically the Classic Head and Braided hair types. I decided that I liked the Classic Head and have started to acquire the 13 coins in the series. So far I have one semi key date in the 1828 "12 Stars" and the Half Cent with the lowest mintage, the 1832. The key date is the 1811, but it is only the third lowest mintage. They bring quite a premium. The 1832 can be obtained for the same price as the higher mintage years of 28, 33, 34, and 35 in similar grades. The pricing suggests either there is little interest in collecting Half Cents, or they were not spent and hoarded so that many remain (with the exception of the 09,10 and 11's). I honestly don't know which is the case. Mintage Numbers 1809: 1,154,572 (Includes 1809/6) 1810: 215,000 1811: 63,140 1825: 63,000 1826: 234,000 1828: 606,000 (12 Stars & 13 Stars) 1829: 487,000 1832: 51,000 1833: 103,000 1834: 141,000 1835: 398,000 There were 2200 coins struck in 1831, but I can't find too much definitive information on them. Edited by EFLargeCents 02/12/2013 07:46 am
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Pillar of the Community
1028 Posts |
I have found the classic head Half Cent to be pretty difficult to obtain in anything other than VG or lower condition. Even more difficult in the absence of any cleaning or pitting. It's a pretty interesting little subset of a series. I am currently in the market for a higher end piece myself. When it comes to large and Half Cents I do find the later younger head designs and drapped bust design to be more attractive than the classic or matron head, but they are all interesting pieces of history. Commonly used in commerce during the development and expansion of the USA. I think the 1831 was minted originally as a proof and contemporary re-strikes exist. I wouldn't consider that part of the set unless you were a really gung-ho Half Cent collector...and with deep pockets.
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Pillar of the Community
 United States
1304 Posts |
The classic head Half Cents are much easier to get in higher grades relative to the classic head large cents. I rarely see the classic head large cents in anything except awful or a large price tag. The two Half Cents I picked up are actually of a higher grade and slabbed, the '28 12 star is XF45 and the '32 AU53. I didn't consider them too pricey for their relative condition or their mintage numbers. I am not even trying to look for the '31. The 1811 will be challenge enough.
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Pillar of the Community
 United States
2362 Posts |
I also enjoy old copper and have collected almost all of the years starting with 1800. I started at 1800 because I wanted to focus my limited budget on pre-1800 large cents rather than the Half Cents. My Half Cent collection is in the VG - VF range. I don't have an 1831 or any of the other proof only years 1840-1849. Despite the low mintage figures I find them readily affordable - more so than the low mintage large cents.
Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith
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Pillar of the Community
 United States
1304 Posts |
I like collecting the classic head Half Cents because I find them readily available and in good condition, while I can't say the same for the classic head large cents. I am currently skipping that section of dates in my Dansco LC album and focusing on finding VG-VF examples of the rest. I am also avoiding the pre 1800 large cents. They are a bit out of my price range for decent VG-VF examples for the most part. But the reason I narrowed in on classic head Half Cents is because I wasn't picking up the large cent design. A 12 coin set seemed fun. I am going to try and keep it XF/AU with the exception of the 1811.
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Valued Member
United States
373 Posts |
Hello, EFLargeCents! Yes, I collect Half Cents, for exactly the reasons you give. Between the low mintages, early dates, great history, and nice size, they seem to me to hit the "sweet spot" of collectibility. My target grade is AU58, limited by budget of course. I also started with the classic head series, because I actually like the design best. Nearly all the dates are affordable, even in high grades (at least compared to the large cents). It is surprising that both 1825 and 1832 hardly bring a premium, despite mintages sub-65,000. The 1811 is another story - I had to go with G-6 on that one, and it was still a splurge. 1809 has a reputation of being a bit difficult, but I have not found it so; keep in mind that the very cool 1809/6 variety is actually the most common one. 1810 is hard to come by in decent grades. 1828 is easy and tends to have great strikes. The 1828 12-stars is super cool and fairly available. The easiest of all is 1835, right on up into high MS grades. Experts disagree on whether 1831 was an all-proof year. I believe it was - but that's only so I don't have to buy one for my mint strike only set! ;-) It is funny that the classic head large cents are so hard to find in decent grades, but their little half sisters are relatively abundant. I'm not complaining, though! Of course, when I came close to finishing my classic head date set, I had to branch out into the other series. So watch out - they're habit forming! By the way, you left 1829 (mintage 487,000) out of your table. I have found 1829 difficult to find in AU, but neither the mintage nor the certification numbers seem to support that. So I guess I'm just not looking in the right places.
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Pillar of the Community
 United States
1304 Posts |
I had a feeling I was missing a year. I thought there was 13 coins in all to collect! Thanks ProfLiz for pointing that out!
Edited by EFLargeCents 02/12/2013 5:24 pm
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Pillar of the Community
1028 Posts |
I would certainly agree that high end large cents are much more difficult and expensive to find than the Half Cents, but I seem to have had more difficulty than others here in obtaining a nice classic head Half Cent. I've just found that if you administer the following requirements; grade of at least XF (preferably AU or low BU), no cleaning, no pitting, no porosity, no scratches, no corrosion, then you are also left with very few pieces and ones where the seller is asking something through the roof. I feel like the high grade coins are always missing at least one of my requirements. If I find the grade, it's most often cleaned. If not, it's darker and slightly pitted (as with many early coppers). If it passes all of that, it'll have some unfortunate rim hit or scratch somewhere because the coin is soft. I've been in the market for a slabbed piece meeting these requirements for about 2 months now. I have found some examples, but not a single one was priced anything less than "higher than high retail". I would agree that the coins, in general, would seam to be undervalued when looking at age and mintage, but I don't like to feel like I'm ripping myself off paying above PCGS/NGC already high estimates for such a coin.
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Pillar of the Community
 United States
1304 Posts |
I was surprised to win a recent ebay auction of an 1828 "12 Star" slabbed NGC XF45. I think the coin itself is overgraded and should be an XF40, but the final cost was right at VF35 pricing. It's a tough one to find as well. I also picked up a raw, I believe XF45, 1833 for VF35 pricing at a LCS. Granted, those are the only good deals I have seen on decent Half Cents lately, but I just started collecting them. I agree with you that I don't think we should be paying the high estimates on these in XF/AU because I don't think the demand is there. I look for ebay auctions from reputable sellers and coin shows. The LCS's in my area only seem to have the corroded and low grade examples. I did pay top dollar for an 1832 PCGS AU53 because the eye appeal was superb and that's the lowest mintage year. But I don't think I will be going that route for any others. So in short, I agree, find the deal, because the estimated prices are on the high side after reviewing what I ended up paying in just the last few months.
Edited by EFLargeCents 02/12/2013 5:56 pm
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Bedrock of the Community
United States
17884 Posts |
Quote: It is funny that the classic head large cents are so hard to find in decent grades, but their little half sisters are relatively abundant. I'm not complaining, though! That is because the classic head cents ended in 1814, the bulk of the classic head Half Cents didn't start until some 14 years later. (After all the three early classic head Half Cents, 09, 10, and 11, are hard to find in decent grade too. And then when the later ones were struck they were no longer a popular circulating coin so they didn't circulate much and many survived in decent condition. This lack of circulation also explains my the low mintage later coins are so much cheaper than the 1811, and why they are not more expensive than the high mintage dates, plenty survived to satisfy demand. if there are enough "low mintage" coins around that every one who wants one can get it fairly easily, the price doesn't go up.
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Valued Member
United States
373 Posts |
Conder101-  Thank you! That makes complete sense! It is much harder to find the 1809-11 Half Cents on decent planchets - and planchet problems are the bane of the large cents of the same years. I know that stems from a British embargo of copper blanks, due to the bad international relations around the time of the War of 1812. And of course, when the Half Cents started up again in 1825, the large cents were already in the coronet design - with much better planchet quality. I'd just never put 2 and 2 together before... Fortunately for US Half Cent collectors, though, there are decent 1809's and 1810's around at prices well below their large cent sisters. Of course, decent 1811's are another story: PCGS and NGC have graded only 2 mint state 1811's between them.
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Replies: 10 / Views: 1,589 |
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