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Replies: 33 / Views: 4,893 |
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New Member
United States
27 Posts |
I am new to collecting and I was wondering about this coin. I am trying to make sure it is real and also if the "o" is considered the small "o" from this year. I just don't know enough about collecting yet. I know the pictures are not great, I only have an iphone to take pics with and they are not the best quality.  
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Moderator
 United States
56855 Posts |
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New Member
 United States
27 Posts |
Thank you. I haven't had much of a chance to browse this site and see all it has to offer. So this would be considered a low mintage or avg? According to the books and sites, they do not distinguish between the large "o" and small "o". But other sites said that the small "o" is a lot harder to find.
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Pillar of the Community
United States
4409 Posts |
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Pillar of the Community
United States
589 Posts |
 I'm no expert on Seated dime varieties but I am fairly certain it is a small O  Varieties: no.101- small o. Only one die comb seen. G-VG R-3, F-VF R4+, XF-AU R6,and MS R7+. no.102- medium o. closer to the ribbon only one die seen. G-VG R-3, F-VF R4, XF-AU R5, and MS R7. no.103- Large O. Four die combinations and greater availability. The Large O comprises approximately 50% of all. Info. from The complete guide to Liberty Seated dimes by Brian Greer.
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Moderator
 United States
23522 Posts |
Welcome to Coin Community, twholt. This is a rather neat coin to offer as an introduction. It's a Small O, known as Fortin-103, the only Small O variety. The total mintage of 510,000 wasn't terribly low for the era, but something extraordinary had happened: the California Gold Rush. So much gold being dumped into the market didn't so much devalue gold as it raised the perceived value of silver, beyond its' monetary worth. A *lot* of silver was melted in those years, and you can see this reflected in just how difficult it is to find one of these. It's like this: If you discount very low-mintage varieties - coins whose designs changed during that year's mintage and the like - expressed as a totality from that year and mint the 1850-O Dime is the single rarest in the whole series offered at auction. Here's my source, count for yourself: http://www.pcgs.com/auctionprices/This one is a true sleeper, pretty darned expensive in higher grades but in terms of survival to our time it's one of the rarest coins you can find in any grade. Nobody seems to get this, and as a result they come fairly cheap. This is somewhat a generalization you can apply to all silver Minors (small denomination coins) of that time in the first few years after the Gold Rush. Yours is in pretty good shape. I cannot comment on surface originality (prized in numismatics) due to how bright the images are, but in technical terms it sure looks to me to be in Extremely Fine to Almost Uncirculated condition. If those surfaces are deemed original by a reputable third-party grader ( TPG), you're holding a near-$500 coin, graded and offered by a major auctioneer. If they are not, that value will drop dramatically, probably by half, but still worth a pretty good night on the town.  Between the two major TPG's - PCGS and NGC - barely 50 in this grade or better have ever been graded. And you may assume that many of these were second and third attempts, repeated in an attempt to achieve a higher grade. This one is rare. They're going for a song on ebay in lower grades, too. There's a real disconnect here.
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New Member
 United States
27 Posts |
Wow. Thank you very much for the info. I had no idea that it would be that rare. Again, I am showing how new I am to the coin collecting world. I picked it up for $15 at a pawn shop one day because I had never had an "o" mint coin and I thought it looked in good enough shape to buy. I had searched on ebay and it seemed like every one offered was a larger "o" so I couldn't really get a good comparison. I also was thinking of sending it off to get it graded but I am still not sure on the whole process. Like I said in my intro, I started by searching for junk silver CRH but ended up being very fascinated by the history of coins. I should have figured that would happen, I am a big history buff anyway haha. Would this be worth getting graded and if so which company would you recommend to go through.
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Pillar of the Community
United States
8904 Posts |
 twholt! I echo SsuperDdave's words: Nice coin with which to introduce yourself!!  He is by far the expert to listen to for value and rarity; I just happen to have a Large O 1850 Dime to which you can compare yours, showing, obviously, that yours is a Small O!: 
Edited by Moe145 04/23/2015 5:04 pm
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New Member
 United States
27 Posts |
Thank you for the comparison. It looks like the two coins are in almost the same shape. The only other seated liberty I have I bought the same day. It is a 1856-O. I picked it up for the same reason, I liked seeing the "O" mint mark because I hadn't had any up until that point. It wasn't in near good of shape though.
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Moderator
 United States
23522 Posts |
I should qualify some of what I said. It will not be easy to realize the value of this coin at retail. The collector base - dedicated Seated dime specialists - is very small. That's why they're cheap on ebay - the supply/demand equation falls short on the latter end. We'll really need better images to offer opinion on your coin; below a certain quality having it slabbed may not be cost-effective for you. I see yours as being of higher grade than Moe's - even in your images I see more detail in the hair and on the flag than his. The differences may not be visible to a new collector such as yourself. Do all the stars show their center line detail?
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New Member
 United States
27 Posts |
If I am looking at the correct thing. I would say 9 of the stars have the center line just by looking. 2 more have it faint under a magnifying glass. The two directly to either side of the flag are the only two that have them worn off. I am going to try to get better pictures after my wife gets home. She has a better camera than I do.
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Bedrock of the Community
United States
10982 Posts |
This is a small O and a much better date. Yours appears to have XF detail and is cleaned but still has significant value. Survival estimate for this date/mm is 250 pieces in all grades and as such it's a $200 coin retail unless it's has major problems (and yours doesn't look to). Some better images would clarify things.
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New Member
 United States
27 Posts |
What is the best way to get the clear images? I have tried a couple different cameras and cannot get one to come out really good. I know it is probably my camera. I'm just wondering if there are any tricks such as lighting or anything to help get the better image.
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New Member
 United States
27 Posts |
Maybe these will look show a little more detail.  
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New Member
 United States
27 Posts |
Well, It doesn't look much better than the others. I'm sorry.
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Bedrock of the Community
United States
10982 Posts |
I take pics through a jeweler's loupe using the macro setting on my cheapo camera; any magnifying glass helps. Alternatively you can use a macro (close object) setting and back away 12"-18" and crop your images down with some editing software.
Anyways, you've got a pretty nice 10 cent piece.
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Replies: 33 / Views: 4,893 |