1802 draped bust cent variety nc-1 ?

Discussion in 'What's it Worth' started by coins776, Mar 28, 2013.

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IS IT VARIETY NC-1 ?

  1. YES

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  2. NO

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  3. DON'T KNOW

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  1. coins776

    coins776 no title

    1802 draped bust large cent, 1802 draped bust cent obverse $19.50.jpg 1802 draped bust cent reverse $19.50.jpg very low grade. variety NC-1 ?
     
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  3. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

  4. beef1020

    beef1020 Junior Member

    No, its either s234 or s242 r3 and r2 respectively. Liberty is far to the right, T is over forehead not hair, and leaf point at upright of D in united. Would need better picks to narrow down to one but not close to nc1. Grade, ugh 3 net 1, maybe net 2. Either way, around $10 max.

    Just a heads up, but even an nc1 in that grade/condition is going to be a tough sell, maybe $100. The NC1 is now an r5 coin and the collector market for non-collectable varieties is weird. Because they are not part of the numbered Sheldon series a lot of collectors don't try for them, hence the 3rd best 1793 NC-4 sold for $27,000 while the two different examples of the fifth best s-79s sold in the $400,000 range.
     
  5. coins776

    coins776 no title

    thanks for the info. i had thought it might be an NC-1 because all of the photos that i had seen of the NC-1 have a bisecting crack on the obverse through the middle of coin. i was not sure if this coin had the bisecting obverse crack or it is just from the damage on the coin.
     
  6. Conder101

    Conder101 Numismatist

    I'm coming up with 242. The key being the relief point goal of the right upright of M. It's the only variety with the leaf point directly under the upright of M.

    I think I've seen this piece before and it has either a scratch or lamination on the obverse. If it was an NC-1 even in this low grade it would be worth a lot more than $100.
     
  7. beef1020

    beef1020 Junior Member

    I agree it's an s242.

    Price is even more subjective than grade, so I will explain my reasoning for $100 estimate. I have seen a clean AG3 1802 NC1 sell at EAC 2012 auction for 650, which was pretty much in line with book value. The s-178 is also R5+ with the book value of a clean AG3 about 3 times as much. I have seen a clean BS1 s-178 sell at the last goldberg auction for around $300. Given the price ratio of 3:1 for low grade S178 to low grade 1802 NC1, and given that a clean BS1 sold for $300 I would put the value of a BS1 1802 NC1 at 1/3 that value, or around $100.

    Price is what someone will paid but I always try, even if it's not accurate, to make comparisons with other coins of similar rarity/condition. That was my reasoning.
     
  8. coins776

    coins776 no title

     
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