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Return Of The 1794 Cent ...did NGC Get It Wrong?

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GR58's Avatar
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 Posted 09/23/2013  7:38 pm Show Profile   Bookmark this topic Add GR58 to your friends list Get a Link to this Message Number of Subscribers
last week I posted I was hoping to purchase a 1794 large cent. I thought it would get a VF or XF details grade.
If it did I was thinking it would be in the price range I
felt comfortable buying. I stopped buying coins and moved some money around to prepare for a possible purchase.

Friday it was posted that the grade is XF40 BN. Of course this bring the price of this coin out of my range. Of course I could always sell a $100 face in silver and still get it. But .. I like the silver and I think this coin still has some issues.

There is dirt and grime in different areas of the coin.

Also let me say that my pictures with bright lights and 8MP details does not show how nice this coin looks in hand. And there is the problem of taking pictures through the slab.

But I am curious what experts think about the coin .. and grade.


Return-Of-The-1794-Cent-...did-NGC-Get-It-Wrong?


Return-Of-The-1794-Cent-...did-NGC-Get-It-Wrong?

Return-Of-The-1794-Cent-...did-NGC-Get-It-Wrong?

Return-Of-The-1794-Cent-...did-NGC-Get-It-Wrong?
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solotime's Avatar
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 Posted 09/23/2013  7:52 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
Hmm, if you're trying to say it's overgraded I kind of think so

My 1800's ones that were sent to ANACS looked sharper with details. And they were like VF-25 I think?

You can see a scratch on the back. But that's the slab I'm guessing.
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vermontensium's Avatar
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 Posted 09/23/2013  7:52 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
In your original post, I thought a TPG would give it an XF.
I'm standing with my original assessment of VF30-35 details.

ANY visible soil on a coin, or remnants thereof, warrants a details grade IMHO.
As stated previously, it has great eye appeal.
swcoin.ecrater.com
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GR58's Avatar
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11951 Posts
 Posted 09/23/2013  7:59 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply

Quote:
Hmm, if you're trying to say it's overgraded I kind of think so


yes I was leaning that way, I guess it is different wanting a coin to not grade high, so it would stay in my price range.

and yes the scratch/mark is on the slab.

Vermontensium - I agree with you 100%.

I do have to say again, in hand I don't see all the flaws, except the dirt on the reverse.
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vermontensium's Avatar
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 Posted 09/23/2013  8:00 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Negotiate a price based on the coin, not the holder.
swcoin.ecrater.com
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GR58's Avatar
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 Posted 09/23/2013  8:19 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply

Quote:
Negotiate a price based on the coin, not the holder.


I guess there could be a chance.

First steps is to see if the coin shop can make a deal with the owner. I just picked the coin up for them today.

The dealing starts tomorrow.
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vermontensium's Avatar
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 Posted 09/23/2013  8:24 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
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zxcccxz's Avatar
Canada
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 Posted 09/23/2013  11:14 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Obverse looks great but the reverse is sketchy. I would give it a VF35 Details. I would never pay an XF40 price for that.
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Sean H's Avatar
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 Posted 09/23/2013  11:23 pm  Show Profile   Bookmark this reply Add Sean H to your friends list Get a Link to this Reply
Nice appeal though nice early american copper their !!
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BH1964's Avatar
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 Posted 09/23/2013  11:33 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
...Friday it was posted that the grade is XF40 BN. Of course this bring the price of this coin out of my range. Of course I could always sell a $100 face in silver and still get it. But .. I like the silver and I think this coin still has some issues...


Not sure I'm following you here. Isn't this a $3,000 to $4,000 coin as certified, whereas a VF Details piece would be well under $1,000?

Edit: P.S. I see now that you would try to raise close to $2k selling the silver. I wouldn't do it. There is no way I would spend $3k on that coin but you are not me. $3k is not a huge amount of money to some people. I'm not one of them!
ANA #R3154474
Edited by BH1964
09/24/2013 12:01 am
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GR58's Avatar
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 Posted 09/24/2013  05:27 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I forgot to ask ...

I am thinking this is Head of 95

is that right
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vermontensium's Avatar
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 Posted 09/24/2013  05:36 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
3K? This coin is worth no where near that.
Again, forget the NGC grade.
$1200 tops for this coin.
If not, move on. Done.
swcoin.ecrater.com
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paleoguy45's Avatar
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2936 Posts
 Posted 09/24/2013  07:54 am  Show Profile   Bookmark this reply Add paleoguy45 to your friends list Get a Link to this Reply
I saw it in hand yesterday too and it is a great coin, given age and significance. Steve tends to stay hardcore on grade=price though. Good luck with it! I think you should try to finagle that MS63 1833 Bust Half. It was to die for! PG
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Moe145's Avatar
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 Posted 09/24/2013  08:11 am  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply

Quote:
I forgot to ask ...

I am thinking this is Head of 95

is that right?



The 1794 Large Cent with the Head of 1795 does not have the hook on the lowest curl of Miss Liberty. I see a hook so, IMO, this is a Head of 1794.
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philadelphian's Avatar
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3253 Posts
 Posted 09/24/2013  09:10 am  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Head of '94, I think. S-59?
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Conder101's Avatar
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17884 Posts
 Posted 09/24/2013  1:20 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Yep S-59 (it is hard to see in the pictures but the crack through the fraction confirms it) R-3- and a head of 94.



Quote:
The 1794 Large Cent with the Head of 1795 does not have the hook on the lowest curl of Miss Liberty. I see a hook so, IMO, this is a Head of 1794.

Some of the heads of 94 also lack the hook in the lowest curl (for example S-43, NC-10, 44, 47, 48, 49). The heads of 95 S-67 - 72), with the exception of S-72 the exact head of 95, all have the lowest curl end in a loop.
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