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4 Halves, 2 Bust + 2 Seated - Authenticity And Price Questions

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MasterKromm's Avatar
United States
110 Posts
 Posted 01/11/2020  07:58 am Show Profile   Bookmark this topic Add MasterKromm to your friends list Get a Link to this Message Number of Subscribers
Hi guys, I don't often collect too much early US silver, my US silver collection is primarily Morgans, Peace, Barbers, ect... I also don't typically buy US silver from my reliable European (in Europe) dealers. So I was hoping someone could look over the four coins I will attach to this message, and tell me if they appear legit/authentic, FWIW their weight is good... Also, what is a fair price for the 4 halves (assuming authentic in appearance):

1825 Capped Bust (this is the one that gives me pause - stars in particular or is that normal?) :

4-Halves,-2-Bust-+-2-Seated---Authenticity-And-Price-Questions
4-Halves,-2-Bust-+-2-Seated---Authenticity-And-Price-Questions

1833 Capped Bust :

4-Halves,-2-Bust-+-2-Seated---Authenticity-And-Price-Questions
4-Halves,-2-Bust-+-2-Seated---Authenticity-And-Price-Questions

1855 O Seated :

4-Halves,-2-Bust-+-2-Seated---Authenticity-And-Price-Questions
4-Halves,-2-Bust-+-2-Seated---Authenticity-And-Price-Questions

1869 Seated :

4-Halves,-2-Bust-+-2-Seated---Authenticity-And-Price-Questions
4-Halves,-2-Bust-+-2-Seated---Authenticity-And-Price-Questions

Thanks!
Edited by MasterKromm
01/11/2020 07:59 am
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John1's Avatar
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56855 Posts
 Posted 01/11/2020  08:50 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
As to value,check ebay sold values and look here http://www.numismedia.com/rarecoinprices/fmv.shtml
John1
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kanga's Avatar
United States
5825 Posts
 Posted 01/11/2020  09:24 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
IMO they've all been cleaned.
IF that's correct then grades are pretty much meaningless.
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MasterKromm's Avatar
United States
110 Posts
 Posted 01/11/2020  09:44 am  Show Profile   Bookmark this reply Add MasterKromm to your friends list Get a Link to this Reply
@ Kanga, they appear that way to me too. What would you consider a fair price for the 4 when taking the fact that they have been cleaned into account? I don't mind having a few cleaned ones as examples, I think I have one capped bust and a couple Seated halves in my collection currently... I may still be interested if they have some value and can be acquired for the right price. Thanks for the advice thus far guys!
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Conder101's Avatar
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17884 Posts
 Posted 01/11/2020  10:03 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
(this is the one that gives me pause - stars in particular or is that normal?)

It is normal on capped bust halves in late die state. Since the coins were struck without a collar the metal expanded a fair amount and this cause excessive wear around the edge of the die resulting in the loss of the dentils, and the stars being drawn outward as on this coin. So what you are seeing is the result of worn dies.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 01/11/2020  10:13 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
All appear genuine and excessively cleaned.



to the CCF!
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MasterKromm's Avatar
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110 Posts
 Posted 01/11/2020  11:15 am  Show Profile   Bookmark this reply Add MasterKromm to your friends list Get a Link to this Reply
@ Conder101

Appreciate the insight and thanks for sharing that information with me! That makes perfect sense, but at first glance without that knowledge, those stars definitely looked suspect...

@ Coinfrog

Yeah, I definitely agree... Though the 1869 appears to be less offensive in it's excessive cleaning.

I have mostly been a straight metal/bullion guy up until this point - with the exception of my Morgan collection. So any insight or advice is appreciated! Ok guys, that said, if you were to make an offer on these four coins as they are i.e. excessively cleaned, what would you submit? They obviously won't grade, but do they still have some value or are they just a melt play?

1825 = $$
1833 = $$
1855O = $$
1869 = $$
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machine20's Avatar
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1277 Posts
 Posted 01/11/2020  1:57 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
I'm thinking like $180 for the lot
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MasterKromm's Avatar
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110 Posts
 Posted 01/11/2020  5:03 pm  Show Profile   Bookmark this reply Add MasterKromm to your friends list Get a Link to this Reply
Thanks machine20, I appreciate it. I don't want to over pay or insult the seller as they are one of my sources for Cuban pesos... Anyone else have a different price they would consider, if in my shoes? Or phrased differently, if I were selling these four coins on ebay, what could I expect to see them sell for? Thanks!
Edited by MasterKromm
01/11/2020 5:06 pm
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ExoGuy's Avatar
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 Posted 01/11/2020  6:18 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
IMHO .... $200 for the lot would be reasonable.
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MasterKromm's Avatar
United States
110 Posts
 Posted 01/12/2020  08:26 am  Show Profile   Bookmark this reply Add MasterKromm to your friends list Get a Link to this Reply
@ ExoGuy

Thanks!

So $180 to $200 is a good range. I will see if I can get it closer to the $180 without offending one of my preferred European dealers.
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Susanlynn9's Avatar
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5877 Posts
 Posted 01/12/2020  9:11 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
I looked up the die varieties on the bust halves, hoping to have some good news for you, but they are both pretty common.

1825 is an O-114 Rarity 1
1833 is an O-112 Rarity 2

Sorry I couldn't have better news for you.
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MasterKromm's Avatar
United States
110 Posts
 Posted 01/13/2020  1:22 pm  Show Profile   Bookmark this reply Add MasterKromm to your friends list Get a Link to this Reply
@ Susanlynn9

Thanks, I appreciate any and all insight! I negotiated a package price of $170, which seems fair given the excessively cleaned state of the coins. Thanks to everyone who dropped by and provided me with some advice/knowledge!
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ExoGuy's Avatar
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4416 Posts
 Posted 01/13/2020  6:25 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
@MasterKromm .... IMHO, you got a good buy, and I, personally, don't see a downside when you sell them. There's always been a strong market for middle grade, moderately cleaned type coins.

As much as I respect Kanga's opinion, it's long been my experience that cleaning does NOT render grades meaningless; this, for the vast majority of collectors. If this was the case, there would be no differential between the value of cleaned coins graded "good" and those graded "XF." I've followed the auction sales of counterstamped (damaged) coins for over three decades now. I can say with conviction that higher grade, counterstamped coins typically fetch higher prices than do lower grade host coins. Not only does the strength of the stamping matter, the host coin's grade matters, too.
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MasterKromm's Avatar
United States
110 Posts
 Posted 01/13/2020  9:07 pm  Show Profile   Bookmark this reply Add MasterKromm to your friends list Get a Link to this Reply
@ ExoGuy

Thanks, I appreciate you sharing your collected knowledge - 30+ years of counterstamped coin auction results is amazing... What has the trend over those 30+ years been regarding the price of counterstamped coins are they increasing, holding steady or decreasing in sale price? Also, it is good to know that cleaned coins still have appeal within the broader coin collecting market! Thanks again.
Edited by MasterKromm
01/13/2020 9:08 pm
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ExoGuy's Avatar
United States
4416 Posts
 Posted 01/13/2020  10:12 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
@MasterKromm .... Keeping in line with your topic, we're talking about four coins that, individually, have values of $100 or less, if original. At that level, cleaning, not the harsh kind, might lower the value say 20%. So, an $80 coin might then be worth $64 to the average collector. Of course, the higher valued coins would show a wider disparity, dollar-wise, with a $1,000 coin realizing say $800, if cleaned. That said, there are collectors who, if they like and want a coin will disregard cleaning altogether. To my experience, there are few absolutes among coin collectors.

I mentioned counterstamps for the sake of comparison, not to detract from the thread or hijack the topic. Make no mistake, these are damaged coins; being a far greater detraction than cleaning. There are many reasons that folks buy coins .... whimsy, completing sets, appreciation of history, artful design, eye-appeal, investment, etc. There are even collectors who only buy holed coins! Then too, there are folks who buy coins who don't even collect them, per se. For example, some knife and gun collectors have paid crazy prices for common coins that bore a maker's mark. In other words, what one buyer may see as trash, another sees as treasure.

Another aspect that seriously impacts the value of coins is the venue. The less folks know about coins, the more they'll pay for low end material. I once saw a single, circulated 1943 steel cent realize over $9 at an antique auction. I know from personal experience that serious collectors can, on occasion, find a bargain at an antique auction, but most buyers there don't give a darn about condition, much less cleaning. If a coin looks pretty, the sky's the limit.

Like Civil War and other 1800's tokens, counterstamped coins have much appreciated in value, steadily upward since the 1980's. I'd say that the market peaked between 5-10 years ago, softening somewhat, since. Unlike your cleaned coins, there's a far more limited number of collectors who'll buy counterstamps. Much has yet to be written and understood about them. This brings me to one more point. I heartily encourage collectors to network. JOIN A CLUB to learn from other collectors. Attend shows and chat with dealers. Seek out their opinions on your coins, the subject of how cleaning might affect value, etc. This is a great hobby, despite the pitfalls. Knowledge is king, and there's a lot to learn. Hopefully, our learning doesn't get too costly.


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