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 Replies: 18 / Views: 3,531 |
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New Member
Canada
3 Posts |
I found this coin that has been sitting in a safe for around 20 years. I don't know anything about coins. It looks like it's in good condition but could use some cleaning. Does anyone know roughly what it's worth?   |
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Moderator
 United States
56855 Posts |
 to CCF. Do not clean it. Give it a bit for a member to grade it. John1  |
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New Member
 Canada
3 Posts |
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Pillar of the Community
Canada
851 Posts |
That is a key date very rare coin. 2,041 minted only
Condition looks EF+. Hard to see the obverse very well with the pics posted and the toning.
A real treasure find!! DO NOT clean this coin. It's worth about $1,000.
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Moderator
United States
56855 Posts |
At 1,000 dollars it is worth sending in to be slabbed. John1 |
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New Member
Canada
3 Posts |
Thanks for the replies! I'm extremely happy if it's worth around $1000! The pics I took don't do it justice, it definitely looks better up close, in real life.
Sorry for my ignorance but what does sending it to be slabbed mean?
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Bedrock of the Community
United States
94367 Posts |
Remarkable story, congrats!
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Pillar of the Community
 Canada
5594 Posts |
Being slabbed is to send it to a professional grading outfit. Having the coin professionally graded adds about 20-30% to what you can expect to received from a "raw" coin like you have in your hand. In Canada, that would be ICCS in Toronto. If you want to go a step further (and a little more expensive)is to send it to PCGS or NGC in the US (you'll be paying roughly $50, including shipping & insurance to send it)to get it "graded". Or you can have a dealer in your area look at it and sell it to him, but he may only offer 50-60% of any "book" value. Look on ebay for "sold" listings of what you have. First, enter a search for your coin and then go to "advanced" in the upper right and scroll down until you see "items sold" and then hit the "search" button and you will see what other coins like yours have actually SOLD for, not what someone is asking. There are only 2 that have sold in the last 2 months and a big spread between something less that $750 and about $1300. Good luck ... great coin. Edited by okiecoiner
08/21/2019 11:53 am
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Valued Member
Canada
395 Posts |
On paper $1000 seems about right but you can't sell to a book so expect less. Depending on how much effort you want to put in $600-800 in pocket(there are expenses to selling coins even yourself so a $900 dollar sale might result in $800 in your pocket). A fairly rare piece not in bad shape. Pretty ugly toning though.
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Moderator
United States
189767 Posts |
to the Community! |
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Bedrock of the Community
Canada
24885 Posts |
To the Forum. |
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Pillar of the Community
Canada
1463 Posts |
Beautiful coin I would think it would grade ef 40-au50 Maybe hard to tell
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Valued Member
Canada
402 Posts |
seems like no one answered the question....slabbed refers to having the coin graded by an independant ( reputable 3rd party grading company...in Canada ICCS possibly CCCS, in USA PCGS or NGC seem to be the most prestigious and accepted (3rd party graders )...takes much of the arguing about what the condition of the coin is...they provide a generally consistent standard of grading so it makes evaluating condition more consistent albeit with their own peculiar biases
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Bedrock of the Community
Australia
21788 Posts |
It will certainly loose value if it is cleaned in any way. I prefer blast white unblemished coins (who doesn't?) I would prefer to buy it at 1/3 of the price, if it was cleaned, but, for you, that would be an exercise in madness.  I quite understand the temptation to remove the blotchiness, but just don't. Blotchiness affects eye appeal and thus vale, but that is a subjective consideration in the eyes of a potential buyer. I agree: get it slabbed - potential value more than justifies the grading and shipping fees, the blotchiness would help to reinforce authenticity and alleged provenance. Grading: full eight pearls on the band of the crown, King's hair detail sharp, no wear on the band of the orb on top of the crown. I an unable to feel the millings on the edge of the coin, but I strongly suspect that they are quite sharp. The very uneven patina makes it very difficult in these pictures to see any tiny scratches or minor nicks, that may affect the grade. A TPGrader would be much more easily be able to assess these than we can from pictures. MS64 if the fields are scratch and nick free, MS 62 or 3 if not. |
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Pillar of the Community
Canada
576 Posts |
Here's what to look for. Get a loupe and examine the band of the crown. There are two small teardrops on the band, horizontally positioned and below the second and third sets of pearls. If these two teardrops are fully visible and sharp you'll have an AU or higher coin.
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Bedrock of the Community
Canada
10743 Posts |
Wow..Nice KEY date Newfoundland coin, as others said, do not clean it.
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Replies: 18 / Views: 3,531 |
Posted 08/21/2019 09:21 am
