For only $10,000

Amen!

 

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But, but the eye appeal is just AMAZING!!!!!!!!!!!!!!!!!!

 

The thing is, I buy coins I like... not to sell for a profit (or loss). I collect as a hobby only, not as an investment (or just because I need a "rare" coin). However, I understand how someone who is dedicated to collecting large cents may want this coin in order "to make their collection more perfect". That being said, the coin in question is still (and always will be) stone cold ugly.

 

Ngc lip stick on one Ugly asset that wroth about $40.00
:devil: @ eBay you Can find a Fool who will buy this with more Money than their coin IQ:yes:

 

But Jello, the point is that the coin is worth more money (coin IQ) than it seems. It's a rare coin, in any shape.

 

Eye appeal is in the eye of the beholder. And I am willing to bet there are plenty of copper collectors who would love to get a hold of that variety.

 

I agree!!!!
eBay their to many ways holding or buying could be a costly transaction . Pay Pal at times can be a foe .

 

Ebay should change "Buy it now" to "fantasy on demand."

 

If it's eye appeal you're after, just go down to the bank and pick up a roll of new coins of any denomination or pick up a proof from the mint.

This coin cannot be obtained in such a manner. It is unlikely that you could afford it, even if it were possible. Coins of this era and scarcity rarely come in attractive packages and $10K wouldn't touch one when they do. But if you're not a lover of the early copper, you will never get it. While the pictures aren't great and this particular specialist is normally high on his prices, the copper lovers know that he is a source for those rarities that are almost impossible to find. My biggest peeve is when a variety like this, which is dependent on a distinguishing edge for it's rarity, is marketed without a picture of it's edge.

The price is simply what he hopes to get. The market will determine whether it is worth it. But if two dozen people want the variety, several people will have to do without. Imagine what you would ask for if you had a coin of this rarity?

 

Me too. Less competition.

 

And then there are those who say... WHOA! SHINY PENNY!

 

No argument it IS ugly. But almost every example of this coin is ugly. And when a nice one does show up it costs a LOT more. I collect coins I like too, but I would probably like almost any example I could get of this variety simply because I would be happy to simply be able to own one.

Oh and I said this one was probably about the ninth finest known. So lets move up seven positions and actually look at a nice one.

This is the second finest known, a VF-25. (third finest is a F-12) but this one would cost you better than $90K.

 

EXACTLY!! that is completely what i was thinking, there are only 19 in existance, i ALWAYS jump on stuff that rarely comes up especially with a low mintage (if i have the money that is) you used a great comparison with the whole Mona Lisa thing also, well said

 

i dont understand. you are telling us that if somehow this coin was offered to you for $50 for whatever reasons, you would turn it down???? WHY?!?!?! you could literally flip it for a few grand without even blinking.

lets remove the coin from the equation and look at your investment IQ real quick. lets say a justin bieber used tissue sold on ebay for $3500. i think everyone would agree this would be "unattractive"....so if you saw him toss a tissue off his table in a restaurant and the waiter picked it up, you wouldnt offer him a $100 bill right there? to immediately flip?

please explain your logic.

 

By the way, the coin Conder showed is the FINEST available to collectors because the finest known (~VF30) is permanently impounded in the ANS collection. Also, we are using EAC grading. TPGs have inflated grading over the years on the high end coins and undergraded many coins with strike issues on the low end.

Here is a link to Jon Boka's 1794 set and you will see a presentation of cents the way they should be shown in my opinion. His S-18a is probably tied for third finest known and second finest available. You will also notice that while most of them are higher grade, a few of them are not, simply because the best known are in only found in lower grades.

http://www.1794largecents.com/1794/collection.htm

 

I'm not in the business of investing or "flipping". Like I said, I only collect coins I like, as a hobby only. I could care less if there are 19 known examples or a billion. Never once have I bought a coin (or anything for that matter) with the intent to flip it. To me, it's not about the money... period.

 

A namesake of yours, Dennis W. Loring, was enamored enough with this variety that he owned a VG8, fifth finest; a G5, 8th finest; and four AG3s, tied for 9th finest; one of the AG3s he acquired twice. I guess he could see past the "eye appeal". I guess beauty truly is in the "EYE" of the beholder.

 

http://www.ngccoin.com/NGCCoinExplorer/CoinDetail.aspx?CoinID=811996

 

Yep... good old cousin Dennis. Unlike me, he took his collecting seriously.