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Determining Value Of A 1773 1/2 Penny

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emat12001's Avatar
United States
70 Posts
 Posted 01/10/2015  6:20 pm Show Profile   Bookmark this topic Add emat12001 to your friends list Get a Link to this Message Number of Subscribers
Here is my most recent purchase. The highest graded example. http://www.ngccoin.com/certlookup/i...=3840059-001

I am stoked!

How do you determine value if you have the highest graded example? The closest comparison I could find was a ms60 brown for $950.00.
Edited by emat12001
01/10/2015 6:41 pm
Pillar of the Community
United Kingdom
1351 Posts
 Posted 01/10/2015  6:59 pm  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
There are many raw coins out there which will knock TPG graded coins off their perch.
Don't forget TPG's are not in the focus of the majority of UK collectors.
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 Posted 01/10/2015  7:07 pm  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
The last couple of A/UNC 1773's sold for £160 at London coins ($240)
These would be a good MS in the US.
They are a common coin.
Try DR Basil Nicholsons collection on Colin Cooke's site.
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alganbagerap's Avatar
United Kingdom
2490 Posts
 Posted 01/10/2015  7:14 pm  Show Profile   Bookmark this reply Add alganbagerap to your friends list Get a Link to this Reply
It's a very beautiful coin, and as you say it's the finest known in captivity. In the UK you could probably find it's match and better as raw coins, so much so that the slab would be a disadvantage in it's home market.
To get a better idea of market value, you would have to compare it to an unslabbed piece and remember of course that UK grading is significantly stricter.
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zookeeperz's Avatar
United Kingdom
695 Posts
 Posted 01/10/2015  9:00 pm  Show Profile   Bookmark this reply Add zookeeperz to your friends list Get a Link to this Reply
this was last sale I could find at London coins and this is what they put in catalogue.

Halfpenny 1773 Peck 904 previously graded MS 62 BN by NGC we grade A/UNC with traces of lustre and a couple of verdigris spots on the reverse £230 sold. Britts really do tend to buy the coin not the slab.As we have never had a grading house/slabber until 2007 collectors tend to take slabbed coins with a pinch of salt. the main auctioneers soley Spinks and alike are pretty clued up on grading. So the following masses entrust their faith in their knowledge.Just worries me a little that the grade crossover divide is getting further apart. used to be EF was VF now its AU55 is CGS VF50
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 01/11/2015  05:15 am  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
A surprising number of lustrous George III coins show up and few english collectors 'entomb' their collections, so take no note of the NGC population report.

Clayton lists this (1773nr) at £300, so probably around £200. That being said, heres a very nice one on eBay right now, unsold for months at £125.

Patience can get you a coin from the 1790s with mint red lustre on it for £30. £80 can get you a coin that looks like it was struck yesterday (the coin in that link is described as EF, near UNC). Having any conder token slabbed will probably give you a top population coin - if you're looking for a nice english copper, go there. You can get your fair share of historical references on them too - from complaints about the french revolution to myserious american edge inscriptions.
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Bacchus2's Avatar
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2889 Posts
 Posted 01/11/2015  05:21 am  Show Profile   Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
emat12001 - some of the comments may seem a bit negative - they aren't. You have a lovely coin and one that anyone would be happy to have. It's just that the UK market doesn't really do the TPG thing - it's an anathema to many. Very few will get excited by what a TPG has to say.
Valued Member
emat12001's Avatar
United States
70 Posts
 Posted 01/11/2015  2:05 pm  Show Profile   Bookmark this reply Add emat12001 to your friends list Get a Link to this Reply
Thanks all for the input - I bought the coin, not the holder.(the holder was a little cherry on the top) Right now it is my new favorite piece, that is until I find my next.
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 Posted 01/12/2015  08:42 am  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
Emat
It is a nice coin and one which I would cherish.It is the premium paid for some TPG to tell me what I have which I find difficult to understand.
There are many counterfeits (contemporary) but they are easy to tell.
I wonder what grade NGC would give to the £125 coin?
I would love your coin in my cabinet without plastic.
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