1793 One Cent Wreath Question

Discussion in 'US Coins Forum' started by BostonCoins, Jan 14, 2015.

  1. BostonCoins

    BostonCoins Well-Known Member

    Hello everyone,

    I love looking at E-Bay for the old Largies. Though they are out of my budget, I am always hoping I may come across one that might just be enough if I empty my secret stash hidden from the wife in my shoe!

    Anyhow, I came across this listing. Poor thing has seen better days. It's got a triangular hole in it (strange.. they are normally round).

    It was the reverse that caught my attention. Was this a planchet flaw? I don't think I've seen one so dramatic on these early coins.

    Am I being fooled? Maybe it's PMD (like a dip or something)? What do you think?

    Link to sale -> Link

    Pictures for convenience.

    1793 Obverse.JPG 1793 Wreath Reverse.JPG
     
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  3. Mainebill

    Mainebill Bethany Danielle

    Is pmd someone punched a hole in it with a triangular punch. You can see the metal movement on the reverse still could be a way to get a 1793 cheap as it is real edit I looked at the link not cheap!! Bought my well worn problem free for less
     
  4. Mainebill

    Mainebill Bethany Danielle

    On the reverse that appears to be a planchet lamination. Not uncommon in early copper. I'd call it good details. Nice you can still read the date
     
    tommyc03 likes this.
  5. BostonCoins

    BostonCoins Well-Known Member

    Thanks Bill!

    I am quite aware the hole was a PMD thing... My question was more on the extreme flaw on the reverse. I've seen that on modern coinage, but can't say I've ever seen anything that dramatic on the older Cents.
     
  6. Mainebill

    Mainebill Bethany Danielle

    You see it some on early cents you really se it a lot on colonials. The New Jersey coppers especially were notorious for laminations
     
    swamp yankee and tommyc03 like this.
  7. Treashunt

    Treashunt The Other Frank

    nice, and yes, a large lamination
     
    swamp yankee likes this.
  8. Treashunt

    Treashunt The Other Frank

    it has a make an offer, so make an offer.

    That you can live with
     
  9. Cringely

    Cringely Active Member

    No way would I call that an AG-3. While the obverse (ignoring the damage, which is not trivial) approaches an EAC grade of AG-3 [using the Grading Guide for Early American Copper Coins], the Reverse (again without damage) is a Poor-1, netting the entire coins an EAC Poor-1.
    I know this for a couple of reasons, one being I have a S-9 Wreath ANACS graded as Poor-1 because of the Reverse (which still has enough detail to identify the Sheldon-9 variety). And this is a coin without any holes.

    Now add in the damage on your pictured coin and you get one that (allowing for a recognizable obverse) really should be priced no higher than a Poor-1. I would't offer more than $500 for the coin, and then only if you need to have a 1793 dated coin and don't care what it looks like. Also remember that when you go to sell it, you'll most likely not get back what you paid for it. (and when you make the offer, give the reasons why you are making such a (low to the seller) offer).

    Finally, if you want a Wreath Cent, I'd contact any of the copper specialists listed on the EAC website http://www.eacs.org/links.html, give them your budget and see if they can help you. You'll get a better coin and one that you can be absolutely sure is genuine.
     
    Tamaracian and Jwt708 like this.
  10. Jwt708

    Jwt708 Well-Known Member

    I wouldn't buy that coin for that money. I like Cringely's suggestion about contacting the dealers with what you want and your budget.
     
  11. deacon2828

    deacon2828 Active Member

    Strange owned a s-11 that had a lamination just like that but without the hole. I was lucky enough to have Walter Breen look at it .
     
  12. Mainebill

    Mainebill Bethany Danielle

    About a &300 coin if say I got my pr1 bn for $880 now cac approved when I first started getting serious about coins. A nice original but want to upgrade to a nice vf tho that's some $$
     
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