1787 New Jersey Colonial On Ebay, What's It Worth?

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Author	Replies: 8 / Views: 1,799
edweather Pillar of the Community United States 7375 Posts	Posted 03/09/2016 4:47 pm Was thinking of bidding, but have no clue what the error factor might add to the value. It's pretty cool, but just not sure how cool. Might go as high as $700 the way it's going. http://www.ebay.com/itm/20153505238...RK:MEBIDX:IT Edited by edweather 03/09/2016 4:51 pm Report this Post to the Staff

amida17 Pillar of the Community United States 4897 Posts	Posted 03/09/2016 5:54 pm Looks like a 56-n. Likely one of the more common NJ coppers. Most were overstruck....so no bonus there...imo. It is a nice example but the verdigris and scratch on the reverse kinda kills it for the asking price I like that at no more than $225? Report this Post to the Staff
lcutler Pillar of the Community United States 1657 Posts	Posted 03/09/2016 6:17 pm I agree, no error, most of the 56-n's are struck over other coins. If the undertype is identifiable it can command a premium. There are collectors who collect them by undertype getting as many different types as possible. Report this Post to the Staff
edweather Pillar of the Community United States 7375 Posts	Posted 03/09/2016 6:29 pm OK, thanks for your replies. Didn't realize it was fairly common. Looks like a lot of people like it though 4 bidders at 400+ Edited by edweather 03/09/2016 6:35 pm Report this Post to the Staff
Spence Moderator United States 34410 Posts	Posted 03/09/2016 6:54 pm From Bowers "Colonial and Early American Coins": Quote: Many New Jersey coins were produced by overstriking Connecticut coppers, Irish halfpence, counterfeit English halfpence, and other pieces, probably because these could be bought at a sharp discount in comparison to the going rate in commerce for New Jersey issues. Such coins were ready-made planchets not requiring melting, casting, rolling, and cutting. Particularly notable in this regard is the 1787 Maris 56-n variety. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
edweather Pillar of the Community United States 7375 Posts	Posted 03/09/2016 7:18 pm Excellent Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 03/09/2016 9:51 pm The same is also true for Connecticut coppers & Vermont coppers as well, if I remember correctly. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
NH collector Valued Member United States 127 Posts	Posted 03/11/2016 11:54 am I own a herd of Camels (Camelheads)(M-56n). It brought what I had expected. These are the commonest NJ cents. All are overstruck over another coin. There are probably 500+ known, with 3 major collectors having over 100 pieces each. Each coin is different due to the host coin. Each coin weighs differently, from 5.6 grams to 10.53 grams. A nice VF coin with some visible undertype will bring about $500.00. My avatar is one of my camels. Report this Post to the Staff
NH collector Valued Member United States 127 Posts	Posted 03/15/2016 09:47 am This coin has been relisted on ebay for a $976.00 buy it now. Heaven help the poor person who buys it. Report this Post to the Staff
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