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1862 British Penny - Graded At PCGS MS-66 RD!

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ElmerFusterpuck's Avatar
United States
113 Posts
 Posted 05/29/2013  12:26 am Show Profile   Bookmark this topic Add ElmerFusterpuck to your friends list Get a Link to this Message Number of Subscribers
I submitted this coin at New Orleans and it graded at PCGS as MS-66 RD, the finest known for the date! Not sure what something like this is valued at.

1862-British-Penny---Graded-At-PCGS-MS-66-RD!
1862-British-Penny---Graded-At-PCGS-MS-66-RD!
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Kefiroth's Avatar
United States
1431 Posts
 Posted 05/29/2013  01:59 am  Show Profile   Bookmark this reply Add Kefiroth to your friends list Get a Link to this Reply
It's hard to say. From what I understand, slabbing hasn't really caught on too well with the Brits.

That being said, I don't think I've ever seen you post a coin that wasn't absolutely stunning, and this is no exception!
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enworb's Avatar
Australia
4411 Posts
 Posted 05/29/2013  02:01 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
That is a beautiful beautiful beautiful coin!
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noahs-numismatics's Avatar
Canada
3167 Posts
 Posted 05/29/2013  09:40 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list Get a Link to this Reply
WOW! That is awesome!
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 05/29/2013  09:48 am  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
It is nice - I dont know about Mint State (we grade differently over here!) but its still a really nice coin.

And the PCGS population will be low because we dont grade coins in the UK. I tell you what though, you'd get a good price for it - better because its slabbed.

Tony Clayton lists it at £200.
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noahs-numismatics's Avatar
Canada
3167 Posts
 Posted 05/29/2013  09:50 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list Get a Link to this Reply
I would agree with 65/66. Those details are SWEET!


Quote:
£200.


Really? That's it?
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noahs-numismatics's Avatar
Canada
3167 Posts
 Posted 05/29/2013  09:52 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list Get a Link to this Reply
NGC prices is at US$675 in MS60, equivalent to about £450.
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Bacchus2's Avatar
United Kingdom
2896 Posts
 Posted 05/29/2013  12:28 pm  Show Profile   Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
It's a stunning coin! I particularly like the reverse ship and lighthouse details. I'm sure it would bring good money if put up for auction. I think the point some are making is that UK collectors (and Europeans generally) don't distinguish - between "mint state" and "even more mint state", so are unlikely to pay much more for someone else's opinion on minute variances. That doesn't detract from it being a stunning example.
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rooneydog's Avatar
United Kingdom
739 Posts
 Posted 05/29/2013  1:26 pm  Show Profile   Bookmark this reply Add rooneydog to your friends list Get a Link to this Reply
Stunning coin.

I would say Obverse 6 - Spinks lists as £325 - worth every penny.

I will add regardless of what Peter1234 says
Edited by rooneydog
05/29/2013 1:28 pm
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chequer's Avatar
Canada
4227 Posts
 Posted 05/29/2013  1:39 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
It is gorgeous and it would be fun to see what it would realize at auction.
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 05/29/2013  2:31 pm  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
It would get more stateside where people appreciate such things more. To us, an MS70 should be just as good as an MS60. MS should mean untouched - the gunk on this one (and the slight lines) would have me erring about its grade. Id call this kind of thing UNC - I think MS should apply to coins sealed in mint packaging only (this one hasnt circulated, but has picked up that gunk, so its not how it left the mint) - both grades being effectively the same, but MS referring to mint sealed or fresh from mint to holder.

And yes, I cant wait for peters interpretation! Hes the conservative estimate guy.
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United Kingdom
1351 Posts
 Posted 05/30/2013  05:41 am  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
Freeman 39
Collectors coins GB value this at £200 in UNC/BU.
There is little premium for a slabbed coin in the UK.
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Demarco Bishopp's Avatar
United Kingdom
548 Posts
 Posted 05/30/2013  06:29 am  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list Get a Link to this Reply
Some dealers have started offering slabbed coins in the UK but they're always done by American companies and they slap on a massive premium so I don't bother with them.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 05/30/2013  06:42 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
Nice penny Elmer! But, yes, there is a difference between the UK and US coin markets.

Over here (Britain), most people don't seem bothered about chasing a few grade points. We do have our own TPGS now Coin Grading Services But, to confuse things, they use a 100 point scale. And while some people try to get the 'finest known', most are content with a coin with 'eye appeal'.

That said, in recent discussions on a UK forum, most accepted that in order to sell well in the US a PCGS slab would be an asset. For their own collections however, I suspect most would break the coin out I'm afraid!

As for value ... guides are guides. On the day it's how much someone is prepared to pay which can be well over CCGB or Spink ... or not.
Edited by Tom Goodheart
05/30/2013 06:45 am
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