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Replies: 30 / Views: 4,036 |
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New Member
United States
9 Posts |
Found this in a old house. Didn't try to clean it or anything, as it probably wasn't touch since it fell down there back in the day. Looks like it is in pretty good condition, right? I don't collect coins, so it has very little worth to me. I'd like to sell it for that reason. So I came here so you kind folks can tell me what do with it (or not to do, like cleaning it probably) to get a fair value for it. Here are some pictures.   Edited by InUrOldHouseFindinUrCoins 10/17/2009 8:31 pm
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Pillar of the Community
United States
3294 Posts |
Looks like it has a fair bit of verdigris on it. Without the green it would probably be worth around $200-300. Someone who is more knowledgeable might be able to tell you how to remove most of that without damaging the value, but if you do something like scrubbing it off, you are going to seriously drop that value.
Edited by nod2003 10/16/2009 8:50 pm
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Moderator
 United States
23731 Posts |
That's a very nice find, it's good that you didn't do anything to try and clean it. It looks like it has some corrosion starting but that can be removed. One of our members has a substance that will do the trick. Sorry my mind just went blank I can't think of the name off hand. This appears to be the 1871 bold N variation I would grade it at VF-35 once it has been conserved. The Red Book lists this coin in VF-20 grade at $350. BTW, Welcome to the community.
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Pillar of the Community
United States
1534 Posts |
I agree with the value of $350, although it depends on where you sell it. Like echizento mentioned, one of our members, BadThad, has a substance called Verdi-Gone that will get rid of the verdigris. And 
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Bedrock of the Community
United States
10045 Posts |
Quote: This appears to be the 1871 bold N variation I would grade it at VF-35 once it has been conserved  I also checked for varieties (repunched dates) and saw none.
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New Member
 United States
9 Posts |
Verdigris? Cool word, I would have said corrosion  Is it a good idea for me to remove that verdigris before trying to sell it? I'm not a professional at that of course. Or would someone paying that much for a penny understand that it can come off with some chemicals? Or will it hurt the value if I try to sell it as is on something like ebay?  Would I be taken to the cleaners if I take it to a local shop and they spot that I don't speak the lingo?  Do shops pay much less than what the market (like ebay) might pay? Considering Ebays fees and all. By the way, what does the bold N designation mean? Sounds like this is an interesting coin indeed. 
Edited by InUrOldHouseFindinUrCoins 10/17/2009 8:31 pm
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Moderator
 United States
23731 Posts |
Their are two variations on the N in United a bold and a shallow. To answer some of your questions. If you are not planning on keeping the coin and starting a collection, you might just want to consider selling it as is. The value of the coin is going to be reduced because of the verdigris. If you try and remove it you might damage the coin even more. Just because the books lists a coin at a certain price doesn't mean that is what you will get for it. Whatever you sell it for, it's found money.
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New Member
 United States
9 Posts |
How much does verdigris lower the worth of the coin? More than the cost of cleaning? Or is it worth less because the outcome of the cleaning process is unknown? So if the owner does it, and it comes out good, worth is higher, if not, lower. 
Edited by InUrOldHouseFindinUrCoins 10/17/2009 8:32 pm
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Moderator
 United States
16677 Posts |
Quote: BadThad, has a substance called Verdi-Gone that will get rid of the verdigris.  I would start first with an acetone dip. Although this may only remove the verdigris in a small matter, it's a good start. The 1871 is a semi-key date to the IHC series. Great find! 
swcoin.ecrater.com
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Pillar of the Community
United States
6383 Posts |
Welcome, OldHouse! Nice photos! As mentioned, this is a more valuable date in the Indian Head cent series. At a guess, in its current condition I expect you would clear at least $100 for this coin on ebay. If the obvious verdigris could be removed you can probably get $200. A soak in pure acetone is safe to try but it probably won't improve the appearance very much. It would at least get rid of oils and fingerprint residue which can cause further corrosion. I haven't tried BadThad's product but it seems to have a good reputation. Hopefully BadThad can chime in on this thread and give you an opinion about the prospects for improving this coin with his product. I agree, this is an excellent find. I wonder if there are any other treasures between the floorboards?
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Pillar of the Community
United States
1304 Posts |
I would go higher than VF The details lead me to say EF. But there are alot of smart people here and I would wait to see what everyone says.
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New Member
 United States
9 Posts |
I've tried to show it at 2 coin shops that are close by, found them listed as dealers on PCGS.com, Edelman's Coins & Stamps at 301 Old York Road Jenkintown, PA 19046 said it's worth a few bucks, and Republic Precious Metals Inc at 1721 Old York Rd Abington, PA 19001, they said maybe $25 for it. I understand they must turn a profit, but is this normal to turn that much profit if you guys say it should fetch at least $100 on ebay? 
Edited by InUrOldHouseFindinUrCoins 10/17/2009 8:32 pm
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Pillar of the Community
United States
1534 Posts |
Well, $25 seems too little, but I think that's around what most shops will offer you, which is why it would be best to sell it on ebay, or maybe after you meet the requirements you can sell it on here. And if you're able to remove the verdigris or dip it in acetone, it will definitely help the coin's value.
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Rest in Peace
United States
1943 Posts |
Wow, what a great find! I agree $25 is too low. Keep looking around or as mentioned earlier, wait to sell it here.
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Pillar of the Community
United States
8904 Posts |
Quote: they said maybe $25 for it  That would be a nice profit for them!
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New Member
 United States
9 Posts |
I've decided to clean it up a little, as the verdigris would probably indeed scare a few potential interested parties. Amazing how many tiny fibers were still on the coin while taking a picture. I blew on it pretty hard.  Looks better now? 
Edited by InUrOldHouseFindinUrCoins 10/17/2009 8:32 pm
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Replies: 30 / Views: 4,036 |