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 Replies: 14 / Views: 1,676 |
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Valued Member
United States
258 Posts |
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Pillar of the Community
United States
8517 Posts |
Wow what a shame. So close to being an incredible coin.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
4883 Posts |
Anytime a seller says "I'm not sure" about some aspect of a coin's appearance, alarms ought to be triggered. At best, it's seriously impaired. At worst, it's a fake. I'd stay away.
Colligo ergo sum
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Pillar of the Community
Canada
5417 Posts |
Despite the filed issues and PVC Damage, it still has superb details. If it's for the right price I wouldn't mind owning it.
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Pillar of the Community
Korea, Republic Of
1881 Posts |
I wouldn't question its authenticity, the details look all right and accurate. Very sharp details, and then the environmental damage.  Anyways, as long as it doesn't go over $100, it sounds like a good deal. It's pretty attractive to me, despite the damage. |
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Pillar of the Community
United States
2077 Posts |
Looks like someone did some heavy cleanup to fix the corrosion and then retoned it.
I'd steer clear unless you can put it in a semi circular flip.
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Valued Member
 United States
258 Posts |
So now I have this thought. Boy would I like this coin and then dang I probably over bid on this thing.
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Bedrock of the Community
United States
17884 Posts |
Most likely from the Randall Hoard. While the hoard is known for a lot of really nice 1817, 1818, 1819 and 1820 large cents, there were a LOT of pieces that were Unc details but suffered from corrosion. This would not be surprising if the stories about the keg being found buried under a building was true. when the balance of the hoard was auctioned off in the late 1800's many of the lots (bulk lots) were described as having corrosion.
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Valued Member
United States
383 Posts |
I'm w/Conder. While it might be difficult to attribute it to the Randall hoard for sure, it would be a cool piece to have, based on its history (and the story behind the hoard). Looks like it might go for a price that won't break someone's budget.
"Shortly after the Civil War, a large keg was found beneath an old railway platform in Georgia. Upon opening, it was discovered to contain several thousand large cents dated from 1816 through 1820. All the coins were probably uncirculated, but many showed carbon flecks from moisture in the atmosphere. The keg was sold to a dry-goods merchant in Norwich, New York who attempted to pass the old coins out to customers as a publicity stunt, but many people refused what was by that time an unfamiliar coin. The remainder of the keg was sold to John Randall, a Norwich coin collector, for 90 cents on the dollar. Randall sold the coins off slowly over the years, in spite of the rumors that they were restrikes. In 1878, as part of Randall's estate, the remaining 2,116 Coronet cents from the hoard were sold at public auction. The 1819s brought $1.28 each, but most of the other dates realized only 5-7 cents apiece. Almost all mint state cents from 1816-1820, many of which still possess original mint red color, are from Randall's hoard. Dates from the 1820s, however, are quite rare in mint state."
ET
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Valued Member
United States
258 Posts |
Well it's at $96.00 with 8 days to go. Past my budget. Darn
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Pillar of the Community
United States
2077 Posts |
That's interesting. I used to live in Oxford, about 10 miles south of Norwich. Must have disappeared from the local folklore long ago as I never heard it mentioned once while I lived there. I wonder if any of the LCs I got in the area were from the hoard?
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Pillar of the Community
United States
1023 Posts |
Very interesting about the Randall hoard. Its a cool looking coin, I wish I had some extra cash!
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Valued Member
United States
258 Posts |
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Bedrock of the Community
Australia
21788 Posts |
You have to use your intuition when valuing these, and thus opinions regarding value can have wide variation.
I can understand why it is not slabbed.
There are two areas of impairment which detract from the value of what would be otherwise be an MS60 coin. It seems that both were caused by verdigris in this case.
Unfortunately it hasn't been completely removed, and some tiny areas remain. One wonders if the remaining parts of the verdigris will continue to do damage over the long term.
That thought would be enough for me to decide against buying it, even at what I estimate to be it's worth.
My intuition says for this coin, the impairments (details), would take away about two thirds of the value, and leave it with a net value of around the $100 mark.
It becomes an emotional matter:
'Do I really want it?', and / or
'Am I happy with the price I paid for it?'.
Edited by sel_69l
05/26/2014 7:25 pm
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Valued Member
United States
258 Posts |
Take the Sold back. Still going $210.00 right now.
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Replies: 14 / Views: 1,676 |
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Posted 05/17/2014 7:55 pm
