1856 1C PCGS says it was repaired....

@Cascade

You really stirred up some old memories. I knew a good Ol'Boy in Virginia named "Couth" Dickens.

 

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Likely label space, they are just their to grade once its been designated as repaired they've done their job and the market decides how much to punish the coin for it. The other thing in this case may be that as mentioned there was no need for them to put notes on this one. That would be caught every time through the grading room so there really wasn't any reason to spend some time explaining it in the system.

 

I'm always in need of glasses. Problem is they don't seem to do much good too often.

 

You know, totally off topic, but, when you've ignored several of the crazies, a thread like this becomes a hoot.

 

Settle down Francis

 

He sells copper bullion online

 

Hoot! Couth was a hoot. Lived in Crozet, VA and worked at Miller School near Charlottesville. Crozet had no sidewalks and mud streets right out of a western movie with board walkways in front of buildings. Couth's claim to fame was a relic hunter, hound trainer, and alcoholic. He always had something neat in his pocket from the Civil War to show us. He hated northerners. My friends I was visiting told him I was from the south (south Philadelphia ) and had brain damage from Chicken Pox when he became suspicious of my strange accent. No telling what his house looked like but I would have liked to see it. Ol' Couth is long dead. I'll always wonder who got his stuff.

 

And I'd hate to experience yours, wading through life with blinders on; happy now?

There's nothing uncouth about reality, Cascade, and there sure as hell isn't anything couth about about the personal and often unprovoked attacks you're so fond of, but apparently this escapes you, or perhaps it's just convenience. Please, don't sit here pretending to drive the high road unless you're willing to do it across the board.

Too bad you were not here for the Detecto show.... he would've loved your "couth".

 

Can we get back to the FE now?

 

OK, So what do you wish to contribute?

 

So, it's not that you don't have coins.

 

None I wish to share as I'm extremely selfish.

I guess this thread on the damaged 1856 FE is done.

PS Nice contribution.

 

Just found this thread ... I'm wondering if this FE was once a jewelry item; perhaps, attached to a stickpin, and solder was removed? This is, methinks a plausible explanation of the damage. Stickpins were popular in the latter half of the 1800's, and eagles were a popular choice.

For the OP, as to value, I'd guesstimate in the $4-5,000 range which is what I've seen G-VG's sell for. The obverse is decent and the money side.

 

If I were living by the mantra "buy the best you can afford" I'd probably not be alone in saying that for an 1856 FE it would HAVE to be impaired somehow to be attainable at this time. Despite its shortcomings I'd be proud to own it personally. I suspect a failed tooling attempt. Definitely more salable certified genuine. Much too risky raw.

 

Go easy on the OP. It is easy to have a blind spot with this or any other coin.

I once bought an 1856 FE 1¢ from a dealer over the counter, sight seen. It was sold to me as damaged and I saw the little rim nick and assumed that was the damage. I bought it during a road trip to Florida and when I got home to Pennsylvania, I was showing it to a friend when he remarked that "It's too bad about the bow". I totally missed that the entire bow was dented as if it was slammed with the round end of a ball peen hammer! I mean it had a moon in the place of the bow.

I had a heck of a time returning the coin as the shop owner accused me of wanting to return it because my buyer fell through which wasn't true.

 

Probably 1,000 to 1200. Largest hoard of them ever assembled had 731 pieces. There was another hoard of around 500 pieces but I don't know if both hoards were in existance at the same time or if one was built after the other one was disbursed.

 

Totally accurate not only with coins but any hobby/profession/education out there.

One does not simply think, gee I'm going to get into coins and then magically know 100% about every and anything about coins.
Or for anything else for that matter.

People are not asking stupid questions. They just don't know.
Experts should think back to when they first got started and relate to how little they knew, and compare to the newbies today.

Knowledgeable experts should act like teachers and promote learning and knowledge in a positive way.

If everyone knew everything there was to know about every and anything, then why have have a forum to discuss questions because no one would have any questions about anything.

 

I just read this thread again and NOW see what the fuss was about. No harm was intended for the OP. I gave him a hint where to look for the damage so he could learn and also some strong suggestions about glasses and magnification based on what I have learned about the typical collector.

My "flames" were directed to all the numismatists on this thread who should know better. I apologize for overrating your skill levels and was glad to see Doug explain my thoughts more clearly.

 

That large hoard was the Beck hoard from nearby Pittsburgh Pennsylvania. I well remember when it was auctioned off. Hundreds of listings with virtually the same description. Uncirculated with blah, blah blah.....This was in the early '70's

I would still buy that coin in an instant.