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 Replies: 11 / Views: 1,678 |
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Pillar of the Community
United States
851 Posts |
Edited by coins92
03/15/2010 1:46 pm
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Pillar of the Community
United States
7840 Posts |
Compared to a non scratched 1877 IHC of the same grade and time of auction, the value is cut pretty deep. But, just like any coin on the market...it's worth whatever somebody is willing to pay for it. |
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Pillar of the Community
United States
1490 Posts |
IMO that scratch is not that distracting. You have a decently circulated coin there so the scratch is not as distracting as it would be on an XF-MS coin. I am not sure what percentage discount should be applied to this coin as a result of that scratch. The presence of verdigris/corrosion would be much more distracting to me than that scratch would be. I guess if that's the only problem this coin has and if it has good surfaces and I could get it at a 20-25% discount I would consider buying it. Lets see what the IHC experts have to say. |
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Pillar of the Community
United States
1055 Posts |
On a key date coin like this I would want the coin to be perfectly problem free to get any where close to market value. Although not the worst I have seen the scratch does go through the bust which carries a heavier weight than a scratch in the fields... I would want close to a 50% discount from a problem free of the same grade. I would also want this date certified, too much money at stake to chance it.
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Valued Member
United States
149 Posts |
Definitely not unattractive. I would have no doubts about this piece being genuine as the reverse does show the weakness in the center of the coin.
VG with a scratch...
Personally, I would try to stick in the $400-500 range.
Edit:
maybe $500 is a little too steep for me, but it depends how bad someone wants it!
Edited by oimcoins
03/15/2010 3:10 pm
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Moderator
 United States
187702 Posts |
What scratch?  That is my way of saying it is not as distracting as it could be, however, the coin may look completely different in hand. |
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Bedrock of the Community
United States
10045 Posts |
I'll say right up--this is a coin that should be slabbed first, value assigned afterwards. I'm not saying it's not genuine, but there may be other issue here...such as corrosion/cleaning/poss. tooling. Until proven otherwise, anything is possible--on the key IHC date. (imo)  possible issues aside, it looks F12 to me. Edited by DVCollector
03/15/2010 4:25 pm
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Pillar of the Community
United States
2541 Posts |
I agree with DV - looks like it's been cleaned to me. The combination of the cleaning and the scratch are a big drop in value, but then again if that's the last one you need to complete the collection and you are on a budget, I've certainly seen worse coins.
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Moderator
United States
23731 Posts |
The scratch will effect the grade and value a bit. What does the reverse look like? I would grade it just from the obverse as VG-10.
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Bedrock of the Community
United States
10982 Posts |
$500 to $600. Fine details: cleaned & scratched. (this is assuming there are no big surprises on the reverse)
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Valued Member
United States
149 Posts |
You can view the reverse by changing the link to 02 vs 01
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Valued Member
United States
149 Posts |
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Replies: 11 / Views: 1,678 |
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Posted 03/15/2010 1:44 pm
