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1749 Farthing

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EFLargeCents's Avatar
United States
1304 Posts
 Posted 09/25/2015  1:58 pm Show Profile   Bookmark this topic Add EFLargeCents to your friends list Get a Link to this Message Number of Subscribers
I know this one is nice. What I can't really gauge is just how rare they are this nice. Any thoughts?

1749-Farthing
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fourmack's Avatar
New Zealand
1679 Posts
 Posted 09/25/2015  2:27 pm  Show Profile   Bookmark this reply Add fourmack to your friends list Get a Link to this Reply
Cheers Don

Vickies cents and GB Farthings nut.
"Old" is a figure of speech and nothing more
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 09/25/2015  8:25 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I would grade this one at nearly EF (British grading standards)
Tony Clayton values EF at GBP 250.
English / British copper and bronze saw heavy circulation for extended periods. That is why a coin such as this can be very scarce in high grade.
Edited by sel_69l
09/25/2015 8:28 pm
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 09/26/2015  03:25 am  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
That is sweet, nice coin.
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EFLargeCents's Avatar
United States
1304 Posts
 Posted 09/26/2015  10:50 am  Show Profile   Bookmark this reply Add EFLargeCents to your friends list Get a Link to this Reply
Thanks for the comments. Since I am in the US, these sorts of coins never show up for sale for me to comparison shop. I was fortunate to see this when I did and buy it for a really great price.
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United Kingdom
1351 Posts
 Posted 09/26/2015  11:40 am  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
I cannot agree on grading (UK)
It wouldn't achieve VF.
If you search London coins site for completed 1749 farthings you will see what I mean.
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EFLargeCents's Avatar
United States
1304 Posts
 Posted 09/26/2015  12:36 pm  Show Profile   Bookmark this reply Add EFLargeCents to your friends list Get a Link to this Reply
I usually compare with coins at Colin Cooke Coins website, the collections page. This coin matched up to the farthings in that collecting graded nEF or gVF so I'm not sure how you aren't even getting to VF. It looks better than some of the VF listed coins. Maybe those grades are inflated?

http://www.colincooke.com/collectio...eorgeii.html
Edited by EFLargeCents
09/26/2015 12:38 pm
Pillar of the Community
United Kingdom
1351 Posts
 Posted 09/26/2015  4:19 pm  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
In the real world sellers want to sell high with inflated grades and buyers want it cheaper to think they are getting a bargain.
I would doubt CC would offer you more than £15 to £20.
Look at London coins previous sales.
They all trump your coin I'm afraid.
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EFLargeCents's Avatar
United States
1304 Posts
 Posted 09/27/2015  4:54 pm  Show Profile   Bookmark this reply Add EFLargeCents to your friends list Get a Link to this Reply

Quote:
Look at London coins previous sales

Ok, so I did. This coin is about the same.
http://www.londoncoins.co.uk/?page=...searchtype=2

nEF/gVF. I see no difference. I would argue the obverse on my coin is better with less wear in the leaves. What am I missing?

A couple more coins graded gVF. I'd argue my obverse retains more detail over both of them particularly in the leaves.
http://www.londoncoins.co.uk/?page=...searchtype=2
http://www.londoncoins.co.uk/?page=...searchtype=2

Lastly, here is an EF coin with a weak strike
http://www.londoncoins.co.uk/?page=...searchtype=2

I know grading is subjective, but if my coin is technically a Fine grade, then that is a lot of places with grade inflation. Even using Spink's Catalogue of British Coins rudimentary grading guide for early milled coinage I can't get to a Fine grade with the level of detail present.
Edited by EFLargeCents
09/27/2015 4:55 pm
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sel_69l's Avatar
Australia
21788 Posts
 Posted 09/27/2015  5:58 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I would loike to make two comments:
1. I think that London Coins have graded fairly, though better quality pictures could have helped.
2. I am much more inclined to agree with the opinions in this thread that have originated from the U.S. than from the U.K.

EGLarge Cents: My compliments to you for good photography.
Pillar of the Community
United Kingdom
1351 Posts
 Posted 09/28/2015  5:46 pm  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
With a chunk out on the obverse (9 o'cock) LC would not accept it.
Just saying...I just wouldn't part with cash for the coin.
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EFLargeCents's Avatar
United States
1304 Posts
 Posted 09/29/2015  09:39 am  Show Profile   Bookmark this reply Add EFLargeCents to your friends list Get a Link to this Reply
peter1234, thanks for that clarification! That actually helps me a lot in understanding what you were getting at. In the US that tiny rim ding would likely not even garner a mention in an auction description if it were on an old US copper coin, but I am beginning to see now that there are different standards of "damage" used in the UK to adjust grading based on the amount of wear to what the market grade would be, netting the grade down for damage. I must say that if this tiny little rim ding eliminates this coin from collectability, there must either be thousands of these in this grade available to collectors, or nobody collects them at all so that there are plenty of EF or better ones around for those that do collect them. Which brings me back to my original question in my first post. Just how rare are these coins in this condition (minus the rim defect).
Pillar of the Community
United Kingdom
1351 Posts
 Posted 09/29/2015  8:35 pm  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
Hi
It would not be desirable in the UK market.
Don't forget UK coins have been about for 000's of years compared to US.
Forget CC and watch auctions...your coin I would'nt raise a glimmer to.
A decent one is NOT rare.
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EFLargeCents's Avatar
United States
1304 Posts
 Posted 09/29/2015  8:51 pm  Show Profile   Bookmark this reply Add EFLargeCents to your friends list Get a Link to this Reply
peter, thanks again. I really mean it, this has been incredibly insightful. I am trying to navigate the UK market from across the pond and some of the prices being offered for UK coins from the George I-III reigns are beyond inflated here in the US by quite a bit. I will be much more diligent. With that said, 1749 is a "colonial" year for the US market, so coins like this with this date can be flipped for big money here in the US. 30% of the mintage for the year of 1749 is estimated to have been shipped to Massachusetts. So to an American collector (even with this minor defect) this would be a nice coin to own. And they are REALLY rare in this condition here in the US.
Pillar of the Community
United Kingdom
1351 Posts
 Posted 10/01/2015  09:14 am  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
Dig in and fill your pockets US coin prices are crazy.Ebay and auction prices are not the real market.
My best buys are from coin fairs and a certain US dealer who I won't mention on here(he is a credit to the hobby)
All copper in a decent grade is rare because this is what day to day was used.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 10/01/2015  09:38 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
That has been my experience also.
Only for "U.S", substitute 'Australian'
have been a customer of that particular Australian dealer for over 40 years. Probably after that length of time, better to call him a friend.
Edited by sel_69l
10/01/2015 6:56 pm
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