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1839 O Capped Bust Half Question

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 Posted 05/20/2011  12:35 pm Show Profile   Bookmark this topic Add leveled to your friends list Get a Link to this Message Number of Subscribers
I'm considering putting an offer in for this Half, but wanted to consult you guys first so that I don't over value it, like I did with the last CC Morgan I bought .



1839-O-Capped-Bust-Half-Question
New Member
United States
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 Posted 05/20/2011  12:37 pm  Show Profile   Bookmark this reply Add leveled to your friends list Get a Link to this Reply


1839-O-Capped-Bust-Half-Question
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nolawyer's Avatar
United States
763 Posts
 Posted 05/20/2011  12:58 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
That could be a very expensive coin. Are you buying it raw? Are you buying it online or in person?

Personally, I don't think I would buy that coin online unless it was certified and sold by a reputable seller.
New Member
United States
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 Posted 05/20/2011  2:06 pm  Show Profile   Bookmark this reply Add leveled to your friends list Get a Link to this Reply
I haven't committed for sure, but I would be buying raw and in person. What do you estimate its value to be, nolaywer?
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nolawyer's Avatar
United States
763 Posts
 Posted 05/20/2011  2:19 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
I don't collect this series so I am far from being an expert on Bust halves. To my eyes it looks to have AU55 or 58 details. Numismedia has them listed for $2,280 in AU55 & $3,180 in AU58. It is hard to tell from the photos, but my guess is that the coin is not problem-free; otherwise, it would be in a slab.

Like I said, I don't know much about this series. I would wait for others to chime in before making a decision.
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United States
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 Posted 05/20/2011  2:28 pm  Show Profile   Bookmark this reply Add leveled to your friends list Get a Link to this Reply
Yea, I hear ya. Thanks for the input. Looking forward to hearing other responses. What do you mainly collect?
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nolawyer's Avatar
United States
763 Posts
 Posted 05/20/2011  2:43 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
Welcome to the forum,

I collect a few different things, but my focus lately has been on my Barber quarter collection and my certified type set. Being from New Orleans, I'm hoping to put together a collection of all of the O-minted silver coins. That is why I was interested in this thread. The 1839-O is a hard coin to find. There are only 3 listed on ebay at the moment, and they all appear to be problem coins.

What do you mainly collect, leveled?
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United States
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 Posted 05/20/2011  4:20 pm  Show Profile   Bookmark this reply Add leveled to your friends list Get a Link to this Reply
I was pretty big into Franklin and Kennedy halves for a while. I have a pretty extensive collection of both. Recently though, I've been getting into the Morgans, Walking halves, and Merc Dimes, so I look forward to getting acquainted with the forum. It seems like there's a bunch of really good info on here so I'll be using it frequently!
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muddler's Avatar
United States
7189 Posts
 Posted 05/20/2011  5:10 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
The 1839 o is the first "real" production half from New Orleans. The appearance is good and it would make a fine complement to my 1838 half. Obviously you will need to be careful with this expensive possibility.
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 05/20/2011  10:44 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply

Quote:
Numismedia has them listed for $2,280 in AU55 & $3,180 in AU58

Numismedia must be high end retail prices as the most recent greysheet quarterly has this coin at $850.00 in AU-50.

Normal retail then would be about 20% more or $1020.00. Unless this coin is a scarce or rare VAM then I would be very careful not to pay much more than $1000.00 for this coin and if possible closer to the $850.00 wholesale price.

ANA LM-3175
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nolawyer's Avatar
United States
763 Posts
 Posted 05/20/2011  11:44 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
For most coins, I would agree with Gyrene7483; however, the 1839-O halves are not that easy to find and buyers will usually have to pay a premium to obtain them. For instance, a PCGS VF35 1839-O recently sold for $1,035 on heritage even though greysheet has them in XF at $575. An AU50 sold for $1437.50.
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Jaobler's Avatar
United States
6384 Posts
 Posted 05/21/2011  12:35 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
This is a very attractive coin at first glance but I am suspicious about that perfect "target" toning. Detail is at least AU-50 but the centers have a somewhat cleaned appearance; nothing obviously abrasive, just a slightly dull, washed-out look that suggests too much time in a dip. 10 years in an album after a dipping could produce toning like this.

If the coin were judged problem-free by PCGS or NGC I'd be much more likely to consider a purchase. I don't suppose the seller would agree to guarantee it would slab as problem-free? I'd pay extra for such a guarantee, or perhaps you can negotiate an agreement for a partial refund if it does come back with a "cleaned" result.

Could you get more photos, maybe with different lighting angles? If the coin shows some original luster that would make it much more appealing IMO.
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johnny54321's Avatar
United States
4849 Posts
 Posted 05/21/2011  11:57 am  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
I completely agree with Jaobler's opinion on this.
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echizento's Avatar
United States
23731 Posts
 Posted 05/21/2011  2:05 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
The details on this coin are at least AU-55 with a good shot at AU-58. However IMO it has been dipped and artificial re-toned.
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