Hi all I'm new to this forum and started my collection a couple years ago. I just won this FEC online for 15.00 They claimed it as a 1858 but it's missing almost all the last digit, I'm not sure if it's an error or what but I still think it's cool for my first one for my collection. I appreciate any help!
By the shape of the "O" in "OF", I can rule out 1856. Due to it being small letters, you have an 1858 SL FEC.
This coin was likely struck through grease, leaving the detail missing where this happened. I don't think you will be able to get a premium for it. If you do, it wont be much.
Thank you very much. Is it worth the $15.00 I paid for it or more? I appreciate all the great info. I have allot to learn!
Do you like and enjoy owning the coin? If yes, then what is $15? Considering the overall condition of the coin (or should I say from what you've shown us) and the venue, you likely paid a reasonable retail price.
I just purchased it. I haven't received it yet. I don't plan on selling it. At the same time it's nice to know I got a good deal that it's worth more than I payed for it.
I think its close to being a good deal but not worth much more then paid(if not worth a little less to some collectors, but some maybe pay 25$-30$ just as you bought it for 15$ and I wouldn't have, there is usually someone who will!), but I agree with if you enjoy owning it 15$ is fine!
That is understandable. If you believe it was a good deal and is "worth" more than you paid, as long as you know the reality of the coin, that's fine as it is your opinion.
many minor grease filled die 'errors', especially a coin like this where a main part of the design or date is obfuscated, are worth a little less than if the coin didn't have grease. Non-error specialists want a coin that has all the details and the error specialists might hold out for something more significant. Demand for these minor errors is low and thus the price is a little low. Many people think they are getting a deal but the dealer might be happy to just unload an unpopular coin.
