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1803 Half Cent Ending Auction Price

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Pillar of the Community

United States
759 Posts
 Posted 12/09/2010  09:13 am Show Profile   Bookmark this topic Add OneBowl to your friends list Get a Link to this Message Number of Subscribers
My first thought when I saw the ending price was "what was the winner thinking?" Or perhaps, I'm missing something. I would have valued this at maybe, $50-$70. Am I that far off? Some variety I'm overlooking? Or somebody burned by placing a really high bid? I'm just trying educate myself on valuations. Thanks.

http://cgi.ebay.com/ws/eBayISAPI.dl...3D&viewitem=
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upstate's Avatar
United States
3283 Posts
 Posted 12/09/2010  10:04 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
Looks like a G4 early Half Cent worth $40 or so to me,
especially buying a coin with those photos (actually I wouldn't touch it)
Valued Member
oldcoach's Avatar
United States
402 Posts
 Posted 12/09/2010  10:18 am  Show Profile   Bookmark this reply Add oldcoach to your friends list Get a Link to this Reply
I would need a heck of alot better photos before I would but out that kind of money!
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Conder101's Avatar
United States
17884 Posts
 Posted 12/09/2010  11:38 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
It's a cherrypick. 1803 C-2 in an intermediate die state. This is an R-4+ coin and the rarest of the 1803's. My first edition Penny Prices from 2003 lists it at $300 in Good and the prices today are well above that. This is probably a $500 - $600 coin. After taking a second look it seems to have some damage on the reverse so call it an AG and therefor the price it sold for is about right. My bet is the seller is wondering what happened. If you look at the bids it's clear that three of the bidders knew what it was because they all tried to snipe it with significant bids well above the current bid during the last 20 seconds. (High bid would have been showing $40 at the time the snipes began.)
Edited by Conder101
12/09/2010 11:41 am
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Numisnut's Avatar
United States
123 Posts
 Posted 12/09/2010  11:48 am  Show Profile   Bookmark this reply Add Numisnut to your friends list Get a Link to this Reply
With those pics how in the world could he have picked out a variety?
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upstate's Avatar
United States
3283 Posts
 Posted 12/09/2010  11:59 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
Exact question I was about to ask.
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upstate's Avatar
United States
3283 Posts
 Posted 12/09/2010  12:11 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
oh and-
Nice job Conder101
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Russ789's Avatar
United States
623 Posts
 Posted 12/09/2010  1:09 pm  Show Profile   Bookmark this reply Add Russ789 to your friends list Get a Link to this Reply
Are there any rare variety 1807 Half Cents?
Pillar of the Community
United States
759 Posts
 Posted 12/09/2010  1:22 pm  Show Profile   Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
Thanks. That explains it. I still haven't found how to distinguish a C-2 in intermediate die state, but during my research, I did see this quote that I found interesting: "In fact, there are more varieties of Half Cents than any other US coin."
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Conder101's Avatar
United States
17884 Posts
 Posted 12/10/2010  11:34 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
See the Cud above STATES? That nailed it as C-2. There are four varieties of 1803 and only C-2 develops a Cud there. C-2 does come perfect but usually has some stage of that Cud. I say intermediate state because the Cud does come larger than that. With only around a hundred known specimens in all conditions it's obvious the die must have gone to pieces quickly.

There is only one variety of 1807, but it is scarce to rare in the early die state with clear denticals.


Quote:
"In fact, there are more varieties of Half Cents than any other US coin."

Don't believe that. In the entire Half Cent series there are 99 die varieties. There are some 69 varieties of he 1794 cent alone. Overall there are 355 varieties of the early date cents, 450 varieties of Capped Bust halves etc.
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