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 Replies: 30 / Views: 2,953 |
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Pillar of the Community
United States
9793 Posts |
Based on what I see this coin would NOT be a good candidate for TPG certification. It will IMO, come back as details cleaned, recolored or surface damage or even a combination of issues. It looks nice, and seems to be like the ones that fooled me early on in my collecting/dealing days. I traded a few choice DMPL Morgans for a bunch of IHC that looked very similar to this one. Came to find out they were all cleaned and recolored. Rick Snow at an ANA Summer Seminar showed me so many real and gorgeous IHC's that were very original and what to look for in colors and toning. I hate to burst your bubble, but I would at least take them to a local shop or coin show/club meeting and ask some knowledgeable people that can view it in hand. When I realized what I could have had in value on my deal, if I had only traded for the right coins, I would've come out okay, as it was it took a long time to get over that one. However, I didn't let it ruin collecting for me, especially after I realized it was only my lack of knowledge that kept me from making a $1K+ on the deal, instead I lost a few hundred dollars, live and learn, just don't quit! "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/140440 |
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New Member
 United States
7 Posts |
Ok So I took the coin to two coin dealers here and they both said it had not been cleaned and was almost mint uncirculated condition with the exception of several dings in the coin on the obverse side, easily seen in the picture. Anyway, just wanted to give you all an update.
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Valued Member
United States
202 Posts |
That's great. I'd hold on to that one....very nice.
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Pillar of the Community
United States
716 Posts |
Your coin appears to have a misplaced digit (MPD) in the denticles below the '9'. It could possibly be a Snow 13 variety. If it is there should be some minor repunching in the lower loop of the first '8' and some die chipping in the lower lopp of the last '8'. Closeup pictures of the date and below may help confirm it. According to Snow, the S13 is the most prominent MPD for the year and should be worthy of a significant premium.
Edit: Snow 13 is now classified as Snow 5, and if this coin is a Snow 5 it could carry a significant premium in MS grades.Cherrypicker's Guide lists an MS60RB for $200 and MS 63 for $300.
Edited by beaglebailey
02/25/2013 2:47 pm
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Valued Member
United States
202 Posts |
What's a misplaced digit in the denticles look like? Sorry if that's a dumb question.
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Pillar of the Community
United States
716 Posts |
thestew--Look below the primary '9' in the photo and you will see the top of what probably is a '9' protruding from the top of the denticles. In 1898, the date was hand punched into the working die. For some reason, MPD's were punched significantly away from where they were supposed to be punched and many ended up in the denticles. A well-known MPD is an 1897 IHC that has a '1' punched in the neck (Snow-1). |
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Valued Member
United States
202 Posts |
Very cool. Do you know of a good place to read up on the Snow varieties? I'm just beginning to hear about them
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New Member
United States
7 Posts |
There is a "die chip" I sin the lower loop of the 8 and also under the 9 on the rim there is a "irregularity" I dont know the terminology lol, but the research I have done it is a snow. Can anyone guess the grade? Sould I get it graded?
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Pillar of the Community
United States
716 Posts |
The 'irregularity' under the '9' is the MPD.
I don't have a lot of experience buying and pricing of die varieties, but I have to believe that the market is more limited for varieties than it is for 'normal' coins. Some varieties have more of a collector interest than others. So even though your coin may be listed as having a significant premium over a normal coin of the same grade, you still have to find the right buyer who is willing to pay that premium. Maybe someone with a little more expertise at pricing of varieties can add to this.
If the coin has not been cleaned as your dealer has stated than I would agree that it would grade at least a high AU.
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Pillar of the Community
United States
3283 Posts |
So the pic is accurate, someone foolishly cleaned a perfectly good high grade IHC  |
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New Member
United States
7 Posts |
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Bedrock of the Community
United States
10045 Posts |
Quote:
Your coin appears to have a misplaced digit (MPD) in the denticles below the '9' Now I see it--how did I miss that the first time around? It's really obvious. If the coin's uncleaned--great to hear!  |
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Pillar of the Community
United States
716 Posts |
The CherryPickers' Guide from 2009 lists your coin in AU 50 at $125 and MS 60RB at $200.00 You can interpolate if your coin is graded somewhere between. The only recently sold coin was on Teletrade which was a MS63 RB for $260.00. There is not a lot of current price info out there for IHC varieties As far as getting your coin graded, I have never had a coin certified by any of the major TPG's, so I am not familiar with their pricing structure on grading and attribution. I'm sure you can get that information off their websites and then determine whether it is worthwhile to have it done. Hope this helps. |
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Moderator
 United States
56855 Posts |
Edited by John1
02/26/2013 4:30 pm
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Valued Member
United States
82 Posts |
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Replies: 30 / Views: 2,953 |
First Page
Posted 02/23/2013 8:28 pm
