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1899 Spiked Lip Snow 28

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New Member

United States
33 Posts
 Posted 07/20/2016  12:31 am Show Profile   Bookmark this topic Add Tim C to your friends list Get a Link to this Message Number of Subscribers
The picture looks funny, so never mind the color, it's washed out compared to the in hand toning and the reverse is in the same condition as the front. Is this worth having graded? What is the ballpark value? I know this has been rated by Snow at three stars. Can someone please post his version of star rating and their meaning. I can't find a whole lot about this coin online, so your help would be appreciated. Thank you

1899-Spiked-Lip-Snow-28
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beaglebailey's Avatar
United States
716 Posts
 Posted 07/20/2016  12:11 pm  Show Profile   Bookmark this reply Add beaglebailey to your friends list Get a Link to this Reply
Snows star rating system
1 star, no more than a 2x premium over non variety
2 star, 2x-3x
3 star, 3x-5x
4 star, 5x-10x
5 star, 10x+

So, your coin has a 3 star rating. However, I think you would find it very difficult to get a premium of 3 to 5 times over an 1899 non variety of the same grade. Even Snow admits that these ratings are vague and subject to change.

I think pricing of many varieties can be very difficult. Normally, you could look at completed sales from places like ebay, Heritage,etc. However, sales information on many varieties is very limited. I think you would be hard pressed to find any completed sales information on your variety.

Bill Fivaz discusses variety pricing in his CherryPickers Guide. Basically, it boils down to supply, demand, and eye appeal. A rare variety in high demand is going to have a higher premium. Also, the more visually dramatic a variety, the higher its premium. Dramatic widely separated repunched digits, dramatic doubling, overdates, etc will usually carry a higher premium.

So, with a variety with very little pricing information, I would try to determine its value with no premium attached. Then, compare your coin with other similar varieties that might have more pricing information. Attach a premium that you think is reasonable looking at all the above factors.

You might want to look at the CherryPicker's guide where Fivaz has many IHC varieties listed comparing their variety price for various grades to non varieties. Unfortunately, your variety is not listed. However, this still might be a good starting point to see how some varieties are priced.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/20/2016  4:50 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Still a nice example!
New Member
United States
33 Posts
 Posted 07/21/2016  11:18 am  Show Profile   Bookmark this reply Add Tim C to your friends list Get a Link to this Reply
Thank you for the information and your time posting it. Love this place. I have the cent through nickel old guide and the latest dime through the rest, need the latest one on cents through nickels though. Might not get to it before I head out on my trip.
Edited by Tim C
07/21/2016 11:19 am
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coop's Avatar
United States
62064 Posts
 Posted 07/21/2016  11:37 am  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Looks like a die scratch to me. I can see from an overlay that the die has been over polished on the 10:00 to 2:00 areas:
1899-Spiked-Lip-Snow-28
Thus the weakness on the feathers where a previous clash was. But the lip area was not an area of a clash happening. Leaves me with the die scratch theory.
New Member
United States
33 Posts
 Posted 07/23/2016  1:16 pm  Show Profile   Bookmark this reply Add Tim C to your friends list Get a Link to this Reply
It is a die scratch from polishing as I understand it, it is listed as Snow 28. I was aware of it's designation, just wondering about it's value. There was another topic on this coin being cherrypicked on this forum years ago, yet no value assessed. That is how I got my information.
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