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How Did I Do? 1831 Coronet Head Cent

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cperry8483's Avatar
United States
266 Posts
 Posted 09/28/2011  09:56 am Show Profile   Bookmark this topic Add cperry8483 to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/1831-Corone...em1e66db68a6

I need a second opinion on this coin I made an offer on. It's slightly darker in hand than in the pictures. I feel that I may have overpaid but like I said, a second opinion would help calm my fears.
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Moe145's Avatar
United States
8904 Posts
 Posted 09/28/2011  4:01 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply
Of course, this is all my opinion:

This coin is an 1831 LC with Large Letters on the reverse.

I would grade this coin as VF-20.

My 2012 RedBook lists this as a $65 coin.

I think you did well. (I personally think the die cracks on the obverse alone are worth the price)!

So:
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perfessor's Avatar
United States
927 Posts
 Posted 09/30/2011  01:46 am  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
I think the die cracks around all of the stars are really cool. It makes it an interesting conversation piece that I would want to look at. I think it is not a bad deal at all.
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RollSeeker's Avatar
United States
366 Posts
 Posted 09/30/2011  09:31 am  Show Profile   Bookmark this reply Add RollSeeker to your friends list Get a Link to this Reply
I'd probably take that for $50. Not a steal, but a nice coin for a fair price.
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ExoGuy's Avatar
United States
4416 Posts
 Posted 09/30/2011  1:04 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
This oldtimer has yet to meet a serious collector who hasn't, at some time or another, "overpaid" for a coin. On a $50 expenditure, there's not much of a downside. Collectors who are unsure and less familiar with the marketplace are wise to put a price ceiling on coins they purchase; this, until feeling more confident. One way to gain confidence is to try selling a few items, whether individually, in an auction or by other means, testing the waters.

Catalog prices are only a guide, not engraved in stone. The subject large cent is an interesting coin and has a story to tell ... one about an overused die. Some may call it VF, yet it's a Fine coin to my eye. An EAC guy may net grade it to VG due to surface issues. Regardless of what grade is assigned or what catalog value one assigns, it's still an interesting coin that was obtained at a price just above what another collector offered. Enjoy this interesting coin!

The 1831 large cents often have die breaks in varying degrees. Perhaps, this coin could be the nucleus for a progressive collection of die breaks for that year? There's one that's fondly dubbed the "whale" as the break around two of the stars is large and appears to be in the shape of a whale! That one's not so cheap though ...

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Conder101's Avatar
United States
17884 Posts
 Posted 10/01/2011  04:46 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
That is an 1831 N-12 in a fairly early die state. This is the same variety that eventually develops into "the Whale". This is what "the Whale" looks like

How-Did-I-Do?-1831-Coronet-Head-Cent
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