I recently acquired a 1798 Large Cent in PO-1. Can someone tell me an approximate value on this coin?
Fortunately, PO-1 coins can have several values depending what they look like - what part of the coin is visible and how beat up it is. Self EDIT:
Mike, There are at least four major varieties: 8 over 7 Rev. of 1796 1st Hair Style 2nd Hair Style In PO-1 all four should be low three figures RETAIL, or for a cheap bugger like me, more like 80-ish.
It's pretty beat and the date is barely discernible. The reverse is better, with the central elements fairly strong, but the obverse is barely there with a scratch or two.
Get a metal detector for the holidays, did you? Oh wait, Illinois was wilderness then, I'm thinking Pennsylvania.
Funny about that. At Red Rose Coin Club, we have quite a few active detector fans. In our neck of the woods, we have many different soil types within a few miles (the hill I am on was the southernmost point from the last Ice Age - huge boulders all over it then NOTHING but plains to the south, probably the fullest point ever of the Chesapeake). My buddies are finding colonials with their wands varying from pitted to death to quite nice, depending on micro-localities. Some soil types must be quite copper-protective. I've had the chance to examine a similar terminus of one type of land riding up over another in the Huntsville, Alabama area. Same deal - end of the Appalachians and the beginning of the Gulf of Mexico coastal plain. Hey, if the global warming folks turn out right, I may have bayfront property!!!
I have a soft spot in my heart for 18th Century US coinage. Besides, at the price I paid, I couldn't pass on it.
I think everyone is being charitable. It is below any price sheet and badly damaged = cull. If I were a dealer I would not tie my cash up buying it. Value? Wholesale: $9-12 (?) Retail: $25-50 (?)
Local brick and mortar shop that I work at. The owner had it in a wholesale lot. I offered $1 more than the wholesale price he had them sold for. He said "ok". The thing is... he doesn't know Large Cents, and I think that the person who bought the lot of coins may have gotten a bargain.
But all of those come with many die varieties. There are three 8/7 one rare and the other two fairly common. The rev of 96 also has three varieties one common, one rare and one very rare (A PO-1 S-178 is probably still a $300+ coin) In the type 1 hair there are several very rare pieces such as S-144, about 20 pieces known, and NC-1 and NC-2 with less than 10 of each. The second hair style has a few goodies too. I'm not sure but I think this is a second hair style and I believe it is a S-187, a very common variety. In this condition probably not more than about $20 - $25 retail.
