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 Replies: 16 / Views: 2,416 |
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Valued Member
United States
278 Posts |
I took alittle bit of a gamble and purchased this large cent. I know how I'm grading it, but would like some feedback from the forum members. Also, I'm not up to speed on the varieties for this series, but would like to confirm or deny if this is a S-21? I didn't take these photos, so this is all that is available until the coin arrives and I can post some from my camera. Also, it appears to have a clipped planchet. Hoping this is the case and not PMD. Thanks in advanced for your input.   |
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Pillar of the Community
United States
6478 Posts |
Wow. Mouth watering chocolate color. It could have been a clipped planchet but I don't see enough evidence to make a conclusion. Looks like AU details. I am in love with this coin.
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Pillar of the Community
United States
7375 Posts |
Any 1794 LC is a nice coin in my book. VG or possibly F details.
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Pillar of the Community
United States
1788 Posts |
Just the picture or is it corroded?
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Valued Member
 United States
278 Posts |
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Bedrock of the Community
 United States
18687 Posts |
Nice obverse details. Hair seperation. Nice profile. The coin has VF35 details but the corrosion will net it down. Still a very pleasing coin. I'm thinking VF20. To me it looks like a planchet defect not a clip
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Bedrock of the Community
Canada
11922 Posts |
Through the corrosion it looks EF-40 to me.
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Pillar of the Community
United States
1566 Posts |
Wow what an excellent coin. Despite the corrosion this is a great piece. The 1794s are iconic early American coinage.
I can confirm that this is the S-21, Head of '94 which has a rarity designation of R.3 (scarce). S-21 is characterized by the pole being wider at the bottom than at the top and the odd positioning of the stems on the reverse.
As far as sharpness this coin is easily VF-30 but because of the corrosion and the rim damage I'll have to net grade it to EAC 12. Market grade would be VF-30 details.
1794 S-21 R.3 30/12-.
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Valued Member
United States
278 Posts |
Quote:
Wow what an excellent coin. Despite the corrosion this is a great piece. The 1794s are iconic early American coinage.
I can confirm that this is the S-21, Head of '94 which has a rarity designation of R.3 (scarce). S-21 is characterized by the pole being wider at the bottom than at the top and the odd positioning of the stems on the reverse.
As far as sharpness this coin is easily VF-30 but because of the corrosion and the rim damage I'll have to net grade it to EAC 12. Market grade would be VF-30 details.
1794 S-21 R.3 30/12-. Thank you Celticsoul! I don't mind the conservative grade and will be plenty happy if it comes back with that grade when/if I end up sending it off. I personally have it graded, from available photos and information, as XF 40 details with a net grade of EAC 20. With the confirmation that this is a S-21 and the good feedback and grade opinions, I feel like I grabbed this one for well below market and comfortably below wholesale. The only thing I'm contending with now is the clip/planchet error or PMD. Any additional thoughts on this is appreciated. Thanks again. Edited by razorblaydejr
05/23/2015 11:08 pm
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Pillar of the Community
Germany
1849 Posts |
An appealing coin in spite of the less than perfect surfaces. I particularly like the obverse which is a full EF40. The reverse is unfortunately partly obscured by the porosity, but still showing VF30 detail. The surface colour is also nice.
How much to deduct for the surfaces? this is always the question. EAC F12 to F15 is reasonable in my opinion. Finally, judging from the photo, I think what shows is a clip and not post mint damage.
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Pillar of the Community
United States
9792 Posts |
 with Germanicvs. This coin is a better variety and still has lots o eye appeal despite the porous look with corrosion. I would think a market grade of VF20-30 range and an EAC grade of mid to high fine is correct. "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. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
278 Posts |
Thanks guys for the feedback! I bought this because of the eye appeal. I knew it was a details (corrosion) coin, but it still looked fantastic to me, with really nice detail and nice even toning. With that said, it's harder for me to pin down the market on a details coin since I don't play in this series. Can I get some opinions and thoughts in this area? I looked up the Heritage index for F12-VF20. Does this look like an accurate value or do you believe it's something different? Any additional thoughts if it's a clipped planchet? Thanks again for your input!  |
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Moderator
 United States
23522 Posts |
Tough call at this level of wear but it sure looks like a clip to me. The Heritage pricing you've linked is for "good" coins, and this one's definitely a Details con for corrosion. I think you're in the ballpark on pricing; the details are easily XF. The hair is barely worn.
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Valued Member
United States
278 Posts |
Correct, but I'm trying to create a base to work from to get a sense of market value. I see what XF details coins have been realized at, but there's so much variance not just in prices, but also in eye appeal. I thought that if I could get market adjustment for the variety at F15 numbers, then I could work one way or the other to determine approximate value.
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Valued Member
United States
278 Posts |
Coin arrived in the mail today. It look sooooo much better in person! I'm very happy with this purchase!   |
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Pillar of the Community
United States
9792 Posts |
Are you a member of the EAC? If so post it to Section 8 (secret forum on closed Facebook page) you will get good opinions there. My friend Mark Borckardt (of Heritage & EAC expert) gave a nice forum talk at the recent EAC Convention on details early coppers, "Buy or Don't Buy" I think this coin would have definitely fit into his buy category for a details coin. Your photos really do the coin justice. Nice score!  "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. See my want page: http://goccf.com/t/140440 |
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Replies: 16 / Views: 2,416 |
Posted 05/23/2015 6:56 pm
