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1828 Small Wide Date Large Cent Value?

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BarberBanker's Avatar
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16 Posts
 Posted 06/28/2019  08:10 am Show Profile   Bookmark this topic Add BarberBanker to your friends list Get a Link to this Message Number of Subscribers
DOes anybody know the value of one in VG10 (NGC slabbed, if that makes any difference)? It also has pretty good eye appeal. My greysheet from April says 125(VG8)-175 (F12), so is it about 150? Asking because other price guides seem to be very different.
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Conder101's Avatar
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17884 Posts
 Posted 06/28/2019  08:44 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
First question is, is it really a small wide date? No pictures so can't tell, and I would trust a TPG attribution without confirmation. Second the small wide date is an R-1 coin, VERY common and in lower grades such as VG and Fine easy to locate Personally I think those prices are way overinflated. I think they would be more reasonable if you dropped the 1 off the front of them.
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kanga's Avatar
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 Posted 06/28/2019  08:45 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
1. Price Guides are just that, guides.
The values they show depend on what sources they use to arrive at a figure.
And they are mostly (totally?) retail figures, i.e., what you and I would be paying.

2. Averaging the values of two figures to reach a value for an in-between is not correct.
The figures represent a curved, not a linear, price increase.
You will always end up with a figure that is too high.

The best values for coins come from auction results.
THAT is what people are paying.
THAT is a coin's value.
And make sure that when you look at auction results the value you see includes the buyer's fee.
And add a bit more for S&H.
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John1's Avatar
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56855 Posts
 Posted 06/28/2019  08:57 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Check ebay sold values for an idea on value.
John1
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Coinfrog's Avatar
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94367 Posts
 Posted 06/28/2019  09:02 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
How about a pic?



to the CCF!
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BarberBanker's Avatar
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 Posted 06/28/2019  09:18 am  Show Profile   Bookmark this reply Add BarberBanker to your friends list Get a Link to this Reply
Firstly, I am sure that it is a Small Wide date, which wasn't really my question. And where did you get that rarity estimate? PCGS says it is an R-5.4 so I'm confused And thank you for the help kanga and john, I looked at ebay already but they didn't have many sold so I am finding auctions now.
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BarberBanker's Avatar
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 Posted 06/28/2019  11:40 am  Show Profile   Bookmark this reply Add BarberBanker to your friends list Get a Link to this Reply
Also, I do not own the coin, I found it on ebay and it seemed like a great cherrypick, so I wanted to see what people thought on here.

Photos:

1828-Small-Wide-Date-Large-Cent-Value?

1828-Small-Wide-Date-Large-Cent-Value?

The most relevant auction record I found is an F-15 sold on Heritage on June 4th for $168.
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Conder101's Avatar
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 Posted 06/29/2019  09:01 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
PCGS uses their own rarity scale which pretty much no one else uses. Most of the world uses the Sheldon rarity scale which is what I quoted. PCGS's R5.4 is listed as an estimated 750 to 800 pieces. The Sheldon R-1 would be over 1250 estimated to exist. I think I would trust the estimates of the copper community over PCGS, especially when Historical trends seem to show that they have a tendency to be conservative and under estimate survivals. Also PCGS tries to split hairs too finely. Once you get past a Sheldon R-5 31 - 75 known there start to be too many coins in existence to pretend to be precise about existing numbers.

And you are right it is the small date.
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BarberBanker's Avatar
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 Posted 06/29/2019  09:52 am  Show Profile   Bookmark this reply Add BarberBanker to your friends list Get a Link to this Reply
Ah ok thanks, so the Sheldon has their own survival estimates too? Where can I find them?
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Conder101's Avatar
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 Posted 06/29/2019  7:46 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Sheldon Rarity Scale
R1 Over 2000 estimated: Very Common, readily available
R2 601-2000 estimated: Common, not too difficult to find
R3 201-600 estimated: Less Common, available at most shows, but in limited quantity
R4 76-200 estimated: Scarce, somewhat difficult to find, only a few likely at larger shows
R5 31-75 estimated: Very Scarce, may or may not find at larger shows or auctions
R6 13-30 estimated: Rare, unlikely to be more than 5 for sale anywhere in a year
R7 4-12 estimated: Very Rare, almost never seen, only one may be offered for sale in a year
R8 2-3 estimated: Prohibitively Rare, one may be offered for sale once every 5 to 10 years
R9 1 estimated: Unique, or nearly so

At the common end of the scale there are couple different number break downs used, Other sources use 600 to 1250 (or 1500) for R-2 and either over 1250 (or 1500) for R-1. This scale has been in use since at least 1949 and is the most commonly used one. Collectors of tokens may use a 1 to 10 scale, and then there is the open ended "Universal Rarity Scale" that goes from 1 to infinity on a progressive scale, but which is really useless once it gets past 11 because beyond that it is really impossible to keep up the pretence that you have any idea of the surviving specimen count.

Universal Rarity Scale
Rarity Number of known coins
URS 0 None known
URS 1 1
URS 2 2
URS 3 3 or 4
URS 4 5 to 8
URS 5 9 to 16
URS 6 17 to 32
URS 7 33 to 64
URS 8 65 to 125
URS 9 126 to 250
URS 10 251 to 500
URS 11 501 to 1,000
URS 12 1,001 to 2,000
URS 13 2,001 to 4,000
URS 14 4,001 to 8,000
URS 15 8,001 to 16,000
URS 16 16,001 to 32,000
URS 17 32,001 to 65,000
URS 18 65,001 to 125,000
URS 19 125,001 to 250,000
URS 20 250,001 to 500,000
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Kopper Ken's Avatar
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3402 Posts
 Posted 06/29/2019  8:53 pm  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
On the reverse there a a couple of rim buses at 1:00 & 6:00... also the reverse has uneven wear, erasing the bottom of the "O"ne and the c"E"nt. I'd pass for that price.

KK
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BarberBanker's Avatar
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16 Posts
 Posted 06/30/2019  10:37 am  Show Profile   Bookmark this reply Add BarberBanker to your friends list Get a Link to this Reply
Ok, thanks.
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