Environmental Damage Coin

Discussion in 'Coin Chat' started by DarrinB, Dec 27, 2012.

  1. DarrinB

    DarrinB Member

    Hi I was just wondering can anyone tell me how much value a coin will lose when it is classified as "Detail Environmental Damage". I am sure that it may depend on how bad the damage is, but ball park figure if anyone can. I will try to post pictures however been having trouble posting good picture. I need a new camera.

    This is a 1787 New Jersey

    1787 obv.jpg 1787 rev.jpg
     
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  3. coleguy

    coleguy Coin Collector

    Depending on how bad the damage is, it may lower the value significantly. I can't seem to enlarge the pics for some reason, but from what I can see the damage is minimal and quite consistent with the normal pitting due to moisture on these old coppers, so I'd say it wouldn't lower the value very much, if at all. There is still a lot of nice detail visible, which is important. Heck, I'd love to own that piece.
    Guy
     
  4. DarrinB

    DarrinB Member

    Any idea what the value on these? Red Book listing for 1787 in VF:
    Pattern Shield: $3,000
    Pluribus errors: $1,100
    Spring Above plow: $550
    Hidden WM in spring: $675

    I believe that this is the pattern shield. I know there is no error in Pluribus and there is no spring above the plow. Any suggetions?
     
  5. frostyluster

    frostyluster Member

    I agree wholeheartedly.
     
  6. Detecto92

    Detecto92 Well-Known Member

    It says on the slab "pluribs" so this is the Pluribus Error.
     
  7. DarrinB

    DarrinB Member

    I see that on the slap however on the coin it is spelled "Pluribus". There are 3 errors in the Red Book.

    1)Pluribs
    2)U over s in Pluribus
    3)Plurirs

    Being that it is spelled "Pluribus" which is cleare and there is not a "S" under the U. I beleive it's the pattern shield. I thought they use "pluribs" short for Pluribus.

    I think the grading company made a mistake or used "plurids" for short, because the back of the coin reads "PLURIBUS".
    I will try to add a better picture soon.
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    Darrin - I have no idea which error it is. But to answer your question about value, a problem coin can be worth anywhere from 20-80% of what a problem free example is worth.

    There is no rule of thumb to determine which percentage should apply to any given coin. Typically, the only way you ever find out what percentage applies to a given coin is to sell it and then look at the bids.

    That said, you apparently bought the coin so you are the only one who knows what you paid. If you check similar sales on Heritage you can find out if you paid too much or not.
     
  9. DarrinB

    DarrinB Member

    Ok thanks for all of the input. GDJMSP i brought this from heritage I.ve paid a total of $151. That is my bid of $130 & auction & shipping fees. I've check the past bids. I see they have sold for $184 to $235 some even higher. I am trying to find out if this is an error. To me it does not look like an error. I've posted these pictures below and hope that they come out better then the first one that i've posted.

    1787 obv.jpg 1787 obv1.JPG 1787 rev.jpg 1787 rev1.JPG
     
  10. GDJMSP

    GDJMSP Numismatist Moderator

    It looks like the "outlined shield" shield variety to me.
     
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