I am pretty sure the seller was thrilled with this price! I looked at the Grellman book to see if was an ultra rare die type and think its only an R2 coin. http://www.ebay.com/itm/1848-Braide...ht_819wt_644
Yeah, the seller should be happy with that. It's not outlandish, though - I'm calling it "has a decent shot at AU50" and aside the neck gouge it's a nice clean coin with good eye appeal. I wouldn't have gone for it at the price but it's not a calamity for the buyer either.
I think it's just a case where someone wanted a truly nicer grade without moving into the mint state prices. Which could go into the $300-400 range. Odds are the buyer doesn't even know or care about the Newcomb variety.
it is a nice looking coin except that neck scratch. Looks xf 45 or maybe au50 at best to me. No way I would go that high on it unless it was an r4 or 5 coin.
Probably a collector doing a color set, that seems to be the new rage in late date coppers now. Get a complete set with all matching color. This one does look really original!
"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.
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