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1795 1/2c Liberty Cap Right Half Cent Plain Edge No Pole

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numismatic student's Avatar
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 Posted 08/23/2021  12:08 pm Show Profile   Bookmark this topic Add numismatic student to your friends list Get a Link to this Message Number of Subscribers
$457. Thoughts? Thanks!

This coin sits in an ANACS holder graded AG3. Purchased it because I felt it was undergraded. ANACS uses a net grading system where coin detractors like scratches, scuffs and other flaws are net graded into a reduced grade. That is what I suspect happened with this coin.

In 1795, the Mint produced a lettered edge variety of this coin on a planchet that was 104 grains. Later in 1795, the Mint shifted production of Half Cents onto a planchet that weighed only 84 grains. The coin remained 23.5mm in diameter so the coin was considerably thinner. As a result, the planchet was too thin to accommodate the edge lettering and the current plain edge variety came to be.

1795-1/2c-Liberty-Cap-Right-Half-Cent-Plain-Edge-No-Pole
1795-1/2c-Liberty-Cap-Right-Half-Cent-Plain-Edge-No-Pole
1795-1/2c-Liberty-Cap-Right-Half-Cent-Plain-Edge-No-Pole

The eye of Liberty and the LIBERTY lettering at the top of the coin seem well struck while the center of the coin, hair and date seem less so. Roughly the top of the coin is well struck and the bottom less so. Red areas are sharply struck and blue areas weak.

1795-1/2c-Liberty-Cap-Right-Half-Cent-Plain-Edge-No-Pole

The difference is more stark in the reverse, where the bottom of the coin is well struck and the top much less so. Note the sharply struck fraction and the lettering along UNITED and AMERICA. Again, red areas are sharply struck and blue areas weak.

1795-1/2c-Liberty-Cap-Right-Half-Cent-Plain-Edge-No-Pole

Coins do not wear on just certain areas of the coin. Seems like another coin with significant striking weakness.
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 Posted 08/23/2021  12:11 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
Looks AG3 to me.
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BH1964's Avatar
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 Posted 08/23/2021  12:43 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Seems the planchet was thin on one side or maybe a slightly misaligned die? AG3 sounds correct based on remaining detail but actual wear likely much less than that grade would indicate.
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IndianGoldEagle's Avatar
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 Posted 08/23/2021  12:51 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
still AG-3 is about all it will pull.
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CoinHunter4's Avatar
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 Posted 08/23/2021  12:57 pm  Show Profile   Bookmark this reply Add CoinHunter4 to your friends list Get a Link to this Reply
It is looking like a AG coin. Nice purchase though!
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Coinfrog's Avatar
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 Posted 08/23/2021  1:07 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree with AG-03, tough coin in any grade.
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panzaldi's Avatar
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 Posted 08/23/2021  2:44 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
i agree with the strike issues however strike is one of the components for grading. I also agree with the grade assigned. I would consider it a nice AG3 example though
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numismatic student's Avatar
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 Posted 08/23/2021  3:38 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply

Quote:
i agree with the strike issues however strike is one of the components for grading.


Well, that wouldn't be the way PCGS sees it. According to its grading standards, Strike factors into the grade of an uncirculated or unimpaired proof coin (where strike is usually not an issue unless it is an error), but not coins in circulated grades. There are many examples of high circulated grade coins with poor strikes and soft to nonexistent details. Strike by definition happens at the Mint, not in circulation post-Mint.

That is not how ANACS views grading because they tend to net grade a coin based on flaws and imperfections, but I am unsure about how it deals with soft strikes.

1795-1/2c-Liberty-Cap-Right-Half-Cent-Plain-Edge-No-Pole

The way that I tend to think about this is that strike is a Mint issue, therefore it doesn't really affect circulated coin grades. Everything that happens to a coin post-Mint does affect circulated coin grades.

However much you happen to like a coin based on its strike gets resolved through price, not though the grade.

Thinking that I will probably break it out and submit it to PCGS and see what they slap on it.
Edited by numismatic student
08/23/2021 3:59 pm
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 Posted 08/23/2021  5:16 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
I think ANACS got it right. If it were mine, I've leave it alone. Decent looking survivor.
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Ty2020b's Avatar
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 Posted 08/23/2021  6:37 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
I guess it comes down to how you view it. I do agree with you @NS that the remaining details are sharper than AG (Devices in the upper portion of the obverse and lower portion of the reverse ). If PCGS chooses to not take the weakness from the thin planchet into account, the remaining details are a G04, even G06 IMO. If they choose to net down, it's in the same boat as it's current holder. It's does have what looks like a nice planchet going for it, with minimal to no porosity. I'd personally be inclined to net down, I'd say PCGS will say no more than G04.

Keep us posted!
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Jaobler's Avatar
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 Posted 08/23/2021  10:15 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
I'd agree with AG-3, with good eye appeal for the grade. PCGS shows a retail value of $315 in this grade so I'm not convinced you got a great deal. However, the smooth planchet is a plus and maybe that supports the higher price.
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 Posted 08/25/2021  01:03 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
The way that I tend to think about this is that strike is a Mint issue, therefore it doesn't really affect circulated coin grades. Everything that happens to a coin post-Mint does affect circulated coin grades.


I have heard in the past that VF level and below do not take striking issues into account when grading. I have seen that in practice over the years and it seems to be true most of the time.

That said this piece has a shot at Good and maybe even G06 on a generous day in the grading room. My concern would be the spotting on the reverse resulting in a no grade.
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westcoin's Avatar
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 Posted 08/25/2021  10:06 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
This example certainly has way more details than most AG3 95 Half Cents do, the price is probably pretty good for it. Have you got the Cohen # yet? I can rule out the no pole as it's visible in the photo (one of the really tough ones). But a few require seeing the edge which is impossible to tell without cracking it out.

EDIT: DOH! IT has no pole from the title! I thought I was seeing a pole in the photo, I guess not after further looking. EarlyCents.com site (Chris McCawley) has this one in worse shape for $750.00

http://www.earlycents.com/?product=...nt-coin-1-2c

Need to dial down that Cohen number I think. I've seen a few other no pole 1795 pl. edge Half Cents in the F12 range selling for $1K+ so likely a great deal at the price you got this one at.

I need to read the titles better in the future. DOH!
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

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Edited by westcoin
08/25/2021 1:50 pm
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 Posted 08/25/2021  3:26 pm  Show Profile   Bookmark this reply Add Phil310 to your friends list Get a Link to this Reply
If my memory is correct, the leaf touching the I of AMERICA on the reverse would indicate Cohen-5.

I have one of the C-5a with the strike very similar to yours, weak at the date on the obverse and weak at the top of the reverse. I agree with BH 1964, probably thinner planchet at the weak areas.
Edited by Phil310
08/25/2021 3:34 pm
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CoinHunter4's Avatar
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 Posted 08/25/2021  3:32 pm  Show Profile   Bookmark this reply Add CoinHunter4 to your friends list Get a Link to this Reply
Again, really nice coin!
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numismatic student's Avatar
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 Posted 08/25/2021  5:50 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Thanks folks.

@Phil310, thank you. I was waiting for the coin to arrive before attributing it but you helped me by pointing out that the leaf on the wreath touches the I in AMERICA. Unfortunately, it is not the rarer C-5 but the more common C-6 which is the coin that has the leaf touching the I. There are C-6a, C-6b and C-6c sub-varieties depending on whether it was struck on a Mint planchet or a cut down UK Talbot, Allum & Lee planchet. They also used cut down cent planchets and copper from planchets used to strike trial 50 cent pieces in copper. I guss they didn't waste metal back then.

We can probably rule out C-6b because this one is a thin planchet coin with a lettered edge. But I will have to break out the coin and check the edge because the C6-b coin with a thin planchet and a lettered edge was discovered in 2019 by NGC and this coin looks to have been holdered before 2019. This article recounts the recent discovery of the 1795 C-6b variety: https://www.coinnews.net/2019/03/12...ent-variety/

There are other varieties of the C-6b, including one with a thick planchet and one that is overstruck on a cut down cent planchet (should therefore be thick) or a token.

NGC shows 2 varieties of the C6-a, one struck on a thin planchet and one struck over a cut down cent (again thick planchet) or token.

Breen has a B-6c variety (Cohen still calls this one C-6b) that was overstruck over a Talbot, Allum & Lee token but also over 50 cent trial pieces coined in copper. So interesting.

Altogether there are 5 distinct C-6 subvarieties and 14 1795 subvarieties. My head is spinning.

On top of everything that shift at the Mint to the thin planchet coins took place in December 1795 so there wasn't a lot of time to strike the 1795 thin planchet coins. Seems like they were scrounging all over the place to find metal to mint these Half Cents.


Quote:
Despite having an unreadable date, the coin was easily attributed as die marriage C-6 (under the numbering system established by numismatist Roger S. Cohen Jr. in his book "American Half Cents"). Its obverse features the distinctive "No Pole" portrait on which the staff supporting Liberty's cap was polished off of the die. This obverse is shared with the C-5 die marriage, but the details of the reverse die are clear enough to establish that it is, in fact, a C-6.

The weights of actual specimens of C-6 vary from 100 to 124 grains for the "thick planchets" and 76 to 93 grains for the "thin planchets." This irregularity stems not from the authorized weight reduction, but rather is due to the fact that many C-6 Half Cents were coined on planchets formed by the US Mint from cut-down cent-sized tokens made for the firm of Talbot, Allum & Lee.

These were purchased by the Mint for the purpose of recycling them as Half Cents planchets when such were in short supply. The present specimen shows no evidence of an undertype, which is what would be expected of a planchet having the Mint's own edge lettering. All lettered edge Half Cents were struck on planchets fabricated by the Mint.


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