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Large Cents - Should I Make An Offer?

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cipster's Avatar
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2362 Posts
 Posted 07/27/2011  7:54 pm Show Profile   Bookmark this topic Add cipster to your friends list Get a Link to this Message Number of Subscribers
Those of you following the Dansco 7070 thread know that I like large cents and bust half dollars. Here's an opportunity for me to get more large cents so please give me your opinion on these four coins. I've done business with this seller and he is reputable. Sorry, these are seller pics -

1795 - asking $185

Large-Cents---Should-I-Make-An-Offer?

Large-Cents---Should-I-Make-An-Offer?

1796 - asking $762

Large-Cents---Should-I-Make-An-Offer?

Large-Cents---Should-I-Make-An-Offer?


1797 - asking $432

Large-Cents---Should-I-Make-An-Offer?

Large-Cents---Should-I-Make-An-Offer?

1802 - asking $262

Large-Cents---Should-I-Make-An-Offer?

Large-Cents---Should-I-Make-An-Offer?
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Kopper Ken's Avatar
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 Posted 07/27/2011  8:15 pm  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
Without knowing exact Sheldon variety numbers these will just be ballpark suggestions:

1795 - Has a lot of hair going for it, maybe a Good+ obv., except liberty is fairly worn? Rev. AG-3. I'd take it at $150 regardless plain edge or lettered edge at this grade.

1796 - VF details, some dings. Try to get it under $700

1797 - VG I definitely think that this is too high. Not enough hair to be a fine. $250

1802 - This coin has EF details but overall granularity. I'd try $230 but OK to take somewhere in between. Grab it.

Remember:

1) I don't have the coins in front of me
2) I didn't look up the varieties
3) I may buy differently than you


KK

KK

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Wei Fun's Avatar
United States
244 Posts
 Posted 07/28/2011  12:07 am  Show Profile   Bookmark this reply Add Wei Fun to your friends list Get a Link to this Reply
None of these seems like a screaming bargain to me, especially since I wouldn't consider any of them "problem free". On the 1795, the obv looks good, almost vg, but highly worn rev, ag at best. 1796 has some pitting and a very funny color, 97 looks somewhat corroded, even the 1802 looks a bit on the porous side. Although I grant these aren't coins you come across every day, for the prices, I think you should be able to do better.

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delaner's Avatar
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870 Posts
 Posted 07/28/2011  02:24 am  Show Profile   Bookmark this reply Add delaner to your friends list Get a Link to this Reply
Cudabob's prices are generally fair, if a little on the high side. Non-problem versions of the above in the same grade are CONSIDERABLY more - 3-4x

If you're really keen on any of them, let me know and I'll attribute them and check them in CQR. Without looking, my gut tells me they're in the ballpark and an offer within 10-15% wouldn't be out of line.

(btw, I'd be happy to do attributions and check against CQR, so don't hesitate if you're serious! I love doing this stuff!)

=) I helped another CCFer buy his first 1798 earlier this week.
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Conder101's Avatar
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 Posted 07/28/2011  09:50 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
If the 1795 is a lettered edge BUY IT. If it is a plain edge I would consider looking for a little better one. (This is a S-76. I just bought a worse S-76 lettered edge which is a tough R-5 for $150)

The 1796 is a S-97 one of the most common of the 96 draped busts, if any of them can really be called common. It has a lot of detail but it looks like it has a lot of problems too. Is it fair? I don't know.

Ask if the 97 has a plain or a gripped edge. If it is a plain edge BUY IT BUY IT! If it is the gripped edge, eh toss up. Probably a little high. This is an S-121 and if it is the plain edge it is a strong contender for being the finest known.

The 1802 is an S-239 and appears to be in the rare early die state before the obverse developed a heavy crack from the rim through the are before the face to the rim around 3:00. Detail is high but the whole coin suffers from moderate corrosion. Personally I think the asking price is a little high but not unreasonable and probably worth it considering the die state.
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Hambone's Avatar
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609 Posts
 Posted 07/28/2011  12:39 pm  Show Profile   Bookmark this reply Add Hambone to your friends list Get a Link to this Reply

Quote:
=) I helped another CCFer buy his first 1798 earlier this week.


Should be here pretty soon! Cant wait
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akane17's Avatar
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 Posted 07/28/2011  12:51 pm  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply
I have to find pics, but looks extremely close to the 1795 cent I sold on ebay last fall. It's a really nice coin for 216 years old.
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akane17's Avatar
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404 Posts
 Posted 07/28/2011  12:57 pm  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply
Nevermind, found the pics, you could see the AM on the reverse of mine.
Good luck with whichever you decide, if I were to choose from the selection, I would make an offer on the 1795.
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cipster's Avatar
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 Posted 07/28/2011  7:03 pm  Show Profile   Bookmark this reply Add cipster to your friends list Get a Link to this Reply
Thanks for all of your comments and suggestions! I think I'll make an offer on the 1795 first. I also like the 1796 so maybe Delaner can help me a bit. I really appreciate your generous offer!
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vermontensium's Avatar
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16679 Posts
 Posted 07/28/2011  7:09 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Agree with kopper ken for the most part. Corrosion issues have to be taken into account. Problem free examples will always command a premium.
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Conder101's Avatar
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 Posted 07/29/2011  09:54 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Like I said find out about the edge on the 97, if it is plain it is much more important than the 95. If the 97 is plain and you don't want it I'LL BUY IT!
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w1a9c8k5's Avatar
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 Posted 07/29/2011  12:43 pm  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list Get a Link to this Reply
too much pitting on the 1796 for me. They aren't horrible prices though.
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delaner's Avatar
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 Posted 07/29/2011  1:52 pm  Show Profile   Bookmark this reply Add delaner to your friends list Get a Link to this Reply
Well cipster, here's the data for the S-97 - if Conder says it's an S-97 I won't presume to doubt him!

This is definitely what we call a scudzy coin. Determining the net grade while calling it scudzy, that's the tough call!

Again, for scudzy:
AG3: 60
G5: 120
VG8: 250
F12: 450
VF20: 650

And then a giant hole up to VF25 with a giant? * of 4600. Perhaps it's the finest scudzy known? I don't know.

This certainly looks like XF detail to me, and given the data, I don't think the price is out of the range of fairness.

I'll mention that Jack goes to great lengths to explain that a VF coin NEEDS TO BE VF, no matter what - in other words, if you're calling it VF, it should be a very nice coin. So you want to call this one F+ details, scudzy? Yup, the ask is about right if a little high. I have to admit, I'm very tempted myself. Before I go buying any more of these, I want to do a bit more learning (and learning to interpret the data).


PS: Conder, the 1797 is listed as a gripped edge. =) Unfortunately there's no way to know about the 1795 without asking.
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delaner's Avatar
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 Posted 07/29/2011  1:55 pm  Show Profile   Bookmark this reply Add delaner to your friends list Get a Link to this Reply
AND I should mention that right now, I'm working at staying away from scudzy coins whenever possible because effectively grading and valuating them is SO extremely difficult.

If I didn't know better and I had the money lying around, I might have gone for it without hesitation! =)


They always say to new early copper buyers, "stay away from the rough coins!" But it's tough because they're cheaper and it's a great way to learn. You CAN get taken - but I don't think this coin's price is much of a stretch at all.
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cipster's Avatar
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 Posted 07/30/2011  09:44 am  Show Profile   Bookmark this reply Add cipster to your friends list Get a Link to this Reply
Thanks for the continuing help and suggestions from everyone and Delaner's details regarding the 1796.

Here's an update -

1795 is plain edge and my offer was not accepted - he made a very modest counter offer.

1796 - based on your attribute and grading information I will send an offer today maybe combining it with a 1795 offer.

1797 is a gripped edge and I'm interested but would need to see considerable movement on the price.

1802 - I'll pass on that one.

Thanks for saying that none of these are 'too hot to pass up'. On the other hand we all know that they aren't available every day. I've been very patient in the past with buying certain key coins and will probably do the same here.
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delaner's Avatar
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870 Posts
 Posted 08/01/2011  02:40 am  Show Profile   Bookmark this reply Add delaner to your friends list Get a Link to this Reply
Yes cipster - you'd be surprised what shows up if you have the patience. I've been studying some of the rarer coins, and I'm flabbergasted at how many come available through all of the different means available. Just keep your eye out and be patient and the right thing WILL come along. =)

It helps, of course, to have a good idea of what you think the right thing is... That's been my biggest problem! I have a pretty narrow set of parameters I'm working in at the moment, and I studied over 23 candidates today alone... Of course, of that, there are four I am serious about.
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