Picked this up from CVM today at the Baltimore show, only coin I bought. It's an S-32 with a twist, can anyone see what it is? ********** Spoiler alert ************* It's die state I, with no crack through the first S in states, very rare with Breen listing around 10 examples known.
For quite a bit less money too Speaking of the NC-11, rumor has it that a new one found it's way across an EAC dealer's table at the Baltimore show this week, I think bringing the total known up to 5...
That is a nice coin. Congratulations! Question: do copper collectors pay premiums for differing die states within a given variety? I could understand this being the case for varieties which are rare to start with (say R5+ or so).
It's all supply and demand of course, and I paid a little premium for this one. I find with the early dates their is less collector demand for die states so they don't bring much of a premium. I think it has to do with the relatively high price of common die states that it's just price prohibitive to collect. Do you really want to buy 5 $500 dollar low grade S-32s when you still have another 300+ varieties to go . With that said, this coins is pretty sweet as it's the exact reverse of the NC-11 (which I will probably never own), and this die state is just very rare. I also collect late dates, in fact it's my larger collection, and I pay a premium for rare die states there. Compared to the early dates, late dates are more available so their prices tend to be lower. Because of the lower absolute pricing I don't mind splurging a bit for the cuds. I can swing 2 $40 coins per variety with the occasional splurge for the rare die state.
It is indeed a very nice coin...I'm just getting my feet wet with early coppers.. I'm liking it so far.. the middle date ones seem pretty decent along with some of the early dates..
That would be amazing to have both a NC-11 AND this rare die state S-32. Any chance your pickup could have initiated the rumor?
It would be cool. No, I heard the rumor at the EAC meeting before I purchased the coin. I forget which dealer they said it was.
If you keep getting involved I recommend joining Early american copper club, www.eacs.org . It's totally addicting, I am pretty far into the late dates at this point and just starting to dabble in the early dates. I found it was much easier to learn with the late dates, in part because making mistakes was much less expensive
It appears to have been a truly amazing show. Both the rare die State you picked up and the third NC-11 Jim Young has discovered including the discovery piece. He certainly owns this variety.
