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 Replies: 14 / Views: 1,642 |
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Pillar of the Community
United States
2077 Posts |
Funny story about this coin. Last week it was listed as an 1830 medium reverse letter. I saw that it wasn't. Now USUALLY when I see an incorrectly designated medium letter, I'll determine what it is so I can let the seller know. Not this time. Just dash off a note saying it isn't ML. He responds that according to the RedBook it is. I explain that the RedBook was revised and they only kept the 1829 reverse picture which is different. He agrees and cancels the listing. However, one of the cancelled bids is $1000. He wonders why someone is willing to drop a grand on a misdiagnosed large cent. Digs a bit deeper and finds it's an N9! Even has it verified by NGC. Now I'd like to think that if I were diligent, I would have seen that it was N9 and beaten that $1000 bid by just a little bit. Probably not so. I would have most likely bid $750 and cried because it sold for $755. The new listing is at $3250 :( http://cgi.ebay.com/330903951182 |
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Pillar of the Community
United States
4337 Posts |
so someone bought that coin for $755 last week, did an overnight to NGC and now its at $3250?
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Pillar of the Community
 United States
2077 Posts |
No, the seller cancelled the listing and relisted it as the right designation.
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Pillar of the Community
 United States
2362 Posts |
OldSkoolMadSkilz - thanks for sharing this information because it is just an eye opener to see how it evolved from a mistake in identifying the variety to a good fortune for the seller. I love large cents but was completely out of the loop regarding the N-9 variety. Sure, if I read every page of the Wright book it says it's an R6 + but I don't see anything in RedBook or Numismedia. Some buyer did their homework. Amazing.... Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith Edited by cipster
04/10/2013 5:54 pm
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Pillar of the Community
United States
2311 Posts |
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Pillar of the Community
United States
4897 Posts |
Glad that was not my $1000 bid that got cancelled when some busybody came along and got the auction cancelled!   (read sarcasm) |
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Pillar of the Community
United States
5205 Posts |
Since I know nothing about large cents when I read "However, one of the cancelled bids is $1000" my first thought was shill bidder.
Now that I see the coin is up to $3250 with 4 days left all I have to say is WOW.
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Pillar of the Community
United States
2077 Posts |
Quote:
Glad that was not my $1000 bid that got cancelled when some busybody came along and got the auction cancelled! LOL, I thought the same thing. Luckily I wasn't the only busybody. They told me that a few people contacted them. Not sure how much higher this will go. As only 20 exist, there isn't much history. |
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Pillar of the Community
United States
3229 Posts |
Thanking for sharing!  |
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Bedrock of the Community
United States
17884 Posts |
Quote: Sure, if I read every page of the Wright book it says it's an R6 + but I don't see anything in RedBook or Numismedia. Some buyer did their homework. For those that collect middle date varieties the 30 N-9 is an arms length variety, very easy to identify. Zero in the date is high and the points of leaf below the D in United, last S in States, F in of, and C in America are all below the center of the letter (Frankly all you have to look at is the S, this is the only reverse in 1830 with the point of leaf below the center of the S). The high 0 obv is used on N-7,8, 9 and 11 (11 is also a very rare variety, so if you see that high 0 it is worth checking the rev.) The rev is used on N-2, 5, and 9. So if you have an 1830 with a high 0, check the rev, if POL is below center of S it's a N-9. If not is the POL pest the center of A2? If yes is the POL below the right foot of F? If yes it is N-11. (die will also be cracked through top of ATES.) The third rarest 1830 is also always cracked through the top of ATES as well. the N-9 is a multi-K coins, N-11 around a thousand, and N-10 maybe a couple hundred. The Dan Holmes F12 N-9 sold for $7,400 (fifth finest known) the Good N-10's sold for $173 and $216. His N-11 was a VF-35 and finest known, it went for $10,000. |
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Pillar of the Community
United States
1812 Posts |
@Conder101,
After reading this thread and a N-9 Large Cent variety, along with your excellent reply, maybe you can help educate me on my N-9 Cent.
In 2001 I purchased a raw 1855 large Cent from a dealer next to me at a local coin show. The seller graded it border line AU-50 and he needed $75.00 minimum.
Sadly, after submitting it to ANACS shortly thereafter, it came back as a EF40 (current numismedia value is $59.00), and also was designated N-9.
I have no idea what the value of a N-9 variety is and with $98.00 invested, maybe you can give me a estimated value on what a 1855 N-9 Cent would bring.
Thanks in advance.
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Pillar of the Community
United States
4897 Posts |
@ Broken coin.
The 1855 N-9 is the Knob on Ear variety. Very collectable. Yours is worth about $125.
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Pillar of the Community
United States
1812 Posts |
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Bedrock of the Community
United States
17884 Posts |
The actual value will also depend on the die state. The 55 N-9 is a very popular variety that comes in a LOT of different stages of the development of the knob on the ear and there are collectors that try and collect as many stages as possible. I have seen sets with as many as 18 different die states.
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Pillar of the Community
United States
2077 Posts |
Hi Broken-Coin
The Newcomb varieties aren't the same from year to year. For each year there is N1 through however many varieties exist for that year. An N9 for one year will typically not have any similarity with N9 for another year. The order is not relevant as for some years, N1 is a scarce variety.
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Replies: 14 / Views: 1,642 |
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Posted 04/10/2013 5:20 pm
