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 Replies: 11 / Views: 3,077 |
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Valued Member
United States
407 Posts |
I just haaaad to post this. I really love Large Cents. I think they're really cool. But this one is..... HOT!!  Anyone wanna go in on it with me? I'll have it on days that end in "Y" and you can have it the rest of the week! http://cgi.ebay.com/1797-DRAPED-BUS...em2a061ccc61Steve |
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Pillar of the Community
United States
870 Posts |
That's a beaut! But nah, I want one I can take out and play with first... Once I have one of those, then I'll think about selling my car for one! =) And you'll be the first person I contact once the car has gone!
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Valued Member
 United States
407 Posts |
Yaaaay!!  I can't wait! I was figuring I could go without food for a couple of years.  Do you realise how many Big Macs that is?!?!  But seriously, I think it's wicked cool.  It always amazes me that some coins that are so old have stayed around in such condition. It makes one think of what the "chain of custody" might have been. Given the value and usage of a dollar in the late 18th and early 19th centuries and, de facto, the same of of a "penny", how in the heck did this coin, and others like it, manage to NOT get used for its intended purpose? True enough though, one of the things that I like about my 1798 is that I can, should I choose, pull it from its Coin World slab and "touch the past." The same I felt when I got my first, an 1802 LC, in AG. I'd hold it in my hand and think of all the palms it must have crossed in 200 years....? I wouldn't even think of doing such a thing with this coin. That thing is a showcase. I'd just end up passing out from malnutrition while looking at it! Steve |
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Pillar of the Community
United States
564 Posts |
Wow! I would love to own that coin! My wife would kill me if she found out I spent that much on one coin! It would look so good in my safe!
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Moderator
 United States
23522 Posts |
There was a hoard (whose name I forget) which saved some really high-grade examples of this coin. I saw at least one MS66(!) at Heritage.
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Valued Member
United States
407 Posts |
Sure it would look good in a safe. Or a safe deposit box! Then you can pull out your picture album and look at it whenever you want! And SD, I am not surprised. I have seen a number of such coins in the past, and this is just the lastest in the line. Doesn't surprise me, but it always amazes me. And it makes me think of the stuff we so that with now. In 200 years will that coin be worth a small fortune? Or will there be so many that it will only be worth ? It's an interesting question to ponder, given, as I say, the value and usage of the given time period. Nonetheless, those coins from the early days of U. S. coinage are simply stunning when encountered in mint sate, or close to it. Even moreso when encountered on everyday old ebay! As an aside, did anyone have the same thought I did? "Sure, I'm gonna give 12 large to some guy with 11 feedback!" Steve Edited by Whytlash
07/05/2010 6:01 pm
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Moderator
United States
16677 Posts |
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Rest in Peace
United States
5375 Posts |
They all seem overpriced...
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Valued Member
United States
407 Posts |
Yes, I had found his site when I was attributing my 1798 S-166 recently.
I had to steam clean the drool off of my keyboard!
Steve
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Bedrock of the Community
United States
17884 Posts |
Quote:
There was a hoard (whose name I forget) which saved some really high-grade examples of this coin. You're thinking of the Nichols hoard, a large group of uncirculated 1796 and 1797 draped bust cents. It covered several varieties but is best known for the 1796 S-119 then the 1797 S-123 and S-135. The S-135 is actually a not common variety but due to the hoard it has a very high condition census. The 1796 S-119 is, because of the hoard, the most common 96 draped bust, but it is actually fairly difficult to find circulated. This piece MIGHT have come from the hoard as there were a few other varieties represnted. |
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Valued Member
United States
407 Posts |
Thanks for that Conder! From the CCF Coin Histories: Quote:
Because coin collecting wasn't popular until the 1850's, coins of this era were saved by accident. When copper was scarce or very high-priced, craftsmen or others who worked with the metal would buy kegs of copper cents to melt. The large cents also found use as home medical remedies, hotel key fobs and mechanical devices. Notched large cents were also used as a means of identification for runaway slaves on the way north.
Some unopened kegs survived and became the source of uncirculated specimens. One group of survivors came from a bag of one thousand pieces bought by Senator Benjamin Goodhue for his daughters around 1798. Preserved for several generations, they were sold in 1863 by David Nichols of Gallows Hill, near Salem, Massachusetts. Most of the mint red cents from 1796-97 come from this "Nichols Hoard."
Around the turn of THAT century, $10 would be a decent chunk o' change and, being Large Cents, it'd be awful heavy too! A fairly quick search shows that there are other known hoards of Large Cents, The Randall Hoard and The Butternut Hoard to name just a couple. Here is a fascinating article from Numismatic News where all three are mentioned. http://www.numismaticnews.net/artic...ime_pursuit/I find it interesting that much of the study, and resultant knowledge, of Large Cents was made possible due to hoards such as these. And now it's time to up the ante. I would have to give up more than food for this one! http://cgi.ebay.com/1797-1-LARGE-CE...OW_W0QQitemZ290448947348QQcategoryZ11946QQcmdZViewItemQQ_trksidZp4340.m263QQ_trkparmsZalgo=SIC&its=I%252BC&itu=UCI%252BIA%252BUA%252BFICS%252BUFI%252BDDSIC&otn=20&pmod=290414294589&ps=63&clkid=7311408958624685006 Man, doesn't that just "DO" something to you?!! Steve |
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Bedrock of the Community
United States
17884 Posts |
Not really, I'd rather have the S-138 listed earlier.
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Replies: 11 / Views: 3,077 |
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Posted 07/05/2010 11:45 am
