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Think I Found Something? 1864 Indian Head

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JRockCa's Avatar
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 Posted 01/24/2008  02:19 am Show Profile   Bookmark this topic Add JRockCa to your friends list Get a Link to this Message Number of Subscribers
Here is my 1864 Indian Head penny, Die Rotation. I turned the coin perfectly around and this is the exact setting of the Obverse and Reverse strikes. Now I'm thinkin this is a much more serious die rotation error, but I might be gettin my hopes up, some pro help would be greatly appreciated, also if you could tell me what this would possibly grade and its value?
Think-I-Found-Something?-1864-Indian-Head
Think-I-Found-Something?-1864-Indian-Head
Edited by JRockCa
01/24/2008 02:36 am
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JRockCa's Avatar
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 Posted 01/24/2008  02:36 am  Show Profile   Bookmark this reply Add JRockCa to your friends list Get a Link to this Reply
Also how much Die Rotation would this be?
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j_h_s's Avatar
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 Posted 01/24/2008  05:29 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
I've heard that rotations greater than 12, 15 degrees are substantial. If the shield were pointing to 3 o'clock, that would be 90 degree rotation. Your shield is pointing between four and five o'clock; around 20 degree rotation, give or take a few degrees.

I'd grade the coin "around" VG-8

No expert, nice coin, nice rotation.

There's an 1864 2-cent piece with 180 degree rotation error starting at $35.00, no bids as yet -- item # 320209765870


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mahgobbi's Avatar
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 Posted 01/24/2008  09:15 am  Show Profile   Bookmark this reply Add mahgobbi to your friends list Get a Link to this Reply
That seems like a pretty significant rotation to me. I'd would have guessed this coin was a G4 at best, and not a VG-8. There are no remaining signs of the word LIBERTY in the crown and the rim and letters on the left side are worn completely smooth. Most of the reverse is worn pretty smooth as well. I'm a newbie though and Jim has been doing this forever, so he's probably right.
Edited by mahgobbi
01/24/2008 09:18 am
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JRockCa's Avatar
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 Posted 01/24/2008  10:20 am  Show Profile   Bookmark this reply Add JRockCa to your friends list Get a Link to this Reply
What would this be worth?
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mahgobbi's Avatar
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 Posted 01/24/2008  10:46 am  Show Profile   Bookmark this reply Add mahgobbi to your friends list Get a Link to this Reply
There were a bunch of varieties in 1964, so you'd need to figure out what you have in order to know what it's worth. You need to figure out if it is 88% copper or 95% copper. The 88% copper penny will weigh 4.67 grams. The 95% copper will weigh 3.1 grams. Your coin's actual weight may be slightly less than those figures because the coin is very worn. You need to check the back of the neck under the bottom feather for a sideways "L." I can't tell from the picture because the coin is worn. Check for the L first...if it's present, you don't need to weigh the coin because only 88% copper pennies have the L.

If the penny is 95% copper, it's worth about $15. If it's 88% copper with no L, it's worth about $8. If it's 88% copper and has the L, it's worth about $50.

I don't know what kind of premium, if any, the rotation error might add to the value.

Somebody please correct me if I'm way off on this advice because I'm still new to this.
Edited by mahgobbi
01/24/2008 10:54 am
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JRockCa's Avatar
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 Posted 01/24/2008  11:06 am  Show Profile   Bookmark this reply Add JRockCa to your friends list Get a Link to this Reply
Ok give me a few minutes, taking some more pictures of it so you can see it better.
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JRockCa's Avatar
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 Posted 01/24/2008  11:11 am  Show Profile   Bookmark this reply Add JRockCa to your friends list Get a Link to this Reply
Ok here are some more pictures

Think-I-Found-Something?-1864-Indian-Head Think-I-Found-Something?-1864-Indian-Head
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j_h_s's Avatar
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 Posted 01/24/2008  11:43 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
I retract my grade.
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j_h_s's Avatar
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 Posted 01/24/2008  11:49 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
I've been doing this forever; however, I took a 20 year break, too. Grading standards have changed since so long ago.

Here's what I based my grade on:

Good: Heavily worn. Dsigne and legend visible but faint in spots. On some coins, full rims are not required for this grade. You must be able to read the date and mint mark.

Very Good: Well worn. Design clear, but flat and lacking details.

VG is VG 8 on the Sheldon Scale. The entire design is weak, but a few details are visible. Full rims are nearly always a requirement for this grade. A full rim means that you can see a line around the edge of the coin where it was raised up.

So, really, when I first looked at it, I figured it was above G, nearer VG; but not really VG, blah, blah, blah.

Jim
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j_h_s's Avatar
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 Posted 01/24/2008  12:08 pm  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
pps....copper and foundin are MILES and AGES ahead of me, as are many others on this forum.

Thanks for the kudos, mahgobbi.

Jim
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mahgobbi's Avatar
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 Posted 01/24/2008  3:03 pm  Show Profile   Bookmark this reply Add mahgobbi to your friends list Get a Link to this Reply
Sorry, JRock, but I don't know what the other markers are to identify whether it's an L or not. I'm sure some of the experts will be able to tell you.
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Vaslin's Avatar
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 Posted 01/24/2008  3:12 pm  Show Profile   Bookmark this reply Add Vaslin to your friends list Get a Link to this Reply
I'm remembering that the curvature of the neck area is rounded on the no-L, and pointed on the L.

If I'm remembering that correctly, then it's a no-L.

And G-4.
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foundinrolls's Avatar
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 Posted 01/25/2008  12:01 am  Show Profile   Bookmark this reply Add foundinrolls to your friends list Get a Link to this Reply
Let me explain something on die rotation. On coins of that era , including 2 cent pieces, rotated dies are extremely common. The 12 to 15 degree rule is only on modern coins.

Indian cents as well as 2 cent pieces, large cents and Half Cents are frequently encountered with a large degree of rotation.

On these, there is a premium on coins that show a rotation of more than 90 degrees. While silly things happen when they are hyped on ebay, Rotated dies on Indians and the other coins I mentioned sell at a premium of about 20 to 30% above the usual value of the coin.

So an AG 1864 Copper Nickel cent that has been cleaned, such as the one shown would be about a $16.00 coin, add for the rotation and it's about a $20.00 coin.

Thanks,
Bill
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foundinrolls's Avatar
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 Posted 01/25/2008  12:02 am  Show Profile   Bookmark this reply Add foundinrolls to your friends list Get a Link to this Reply
Also, you don't get a VG-8 grade when the word STATES is worn off the obverse and the wreath on the reverse is almost worn into the rim. The coin is AG3 cleaned. Maybe a G-4 if we push a little.
Edited by foundinrolls
01/25/2008 12:04 am
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JRockCa's Avatar
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146 Posts
 Posted 01/25/2008  03:43 am  Show Profile   Bookmark this reply Add JRockCa to your friends list Get a Link to this Reply
and how are you sayin its cleaned? I never cleaned it. got it from a sale on ebay. The pictures come out funny sometimes, it does not appear to be cleaned in person.
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