Crazy find in Large cents

Ok I bought a coin collection this guy had and as I was leaving there were 4 large cents laying on this table. I asked if I could get those also, no problem he said. Well a few days passed and I was looking at them and trying to match them up with pictures of other 1790's coinage. It was pretty hard because there not in the best of shape. But one of them was pretty easy to identify but pretty hard to believe. It has a reeded edge and is from the 1790's so I went and used my neighbors microscope and yep its a 1795. Just to be sure I took it to the local coin shop and they agreed 1795. So my question is I'd like to sell this coin what steps should I take from here to sell it??? Any advice will be greatly appreciated. If it must be slabbed I don't think they would grade it other then authentic because of how worn it is

 

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My 1795 is an environmentally damaged piece and I sent it in specifically for the authentic label...... I think you would fair better selling if it were authenticated. It's hard to say. Many collectors avoid problem labels like the plague. I am not one of them... But I think it helps on a piece like this. You avoid having to argue the authenticity of the piece when you go to market and I think it is worth the investment for that alone.... It's one of those 50/50 propositions I believe. If it were mine and my intention was to sell, I would have it authenticated.

 

I was betting everyone would say stabbed. Which grading service would you use?

 

Well, if you have a genuine 1795 reeded edge large cent then you have something pretty special. The last reference I have for rarity on this S-79 die marriage is R-7+. There is no question in my mind that the first thing you should do, before considering having it slabbed, is to have it authenticated.

If you can get it authenticated, then it should be slabbed with the die marriage attribution on the label. I suggest PCGS for this even though they are pricey and slow but most people acknowledge that a PCGS slab is more marketable. Spring for TrueViews.

I wouldn't give a second thought to the issue of whether it would straight-grade or not. It almost certainly won't. But that really won't matter. If it's the S-79, it will have buyers regardless of the grade. For example, Greysheet lists the S-79 in AG-03 at $95,000.

As for where to sell it: I would suggest either Great Collections, Stacks-Bowers, or Heritage - whichever flavor suits you best. Heritage has an in-house expert in Mark Borkhart (sp?) that you might consider contacting. As an alternative, take it to a big show and talk to dealers like Tom Reynolds, Pierre Frick, or Chris MacCawley (sp?. These people could also be useful for authentication. You will need one or more recognized experts willing to go on-the-record for authentication.

How about posting some clear, hi-res photos of obverse, reverse and edge, shot at a 90 degree angle? There are some folks here who can help with initial attribution. I think one of our own has published an early large cent attribution guide.

Good luck although you don't seem to need more of it. That is, unless you've punked us with a late April Fools!

 

Environmentally damaged (on the obverse side anyways). Can we see the reverse in full image please??
I found one of these while Metal Detecting back in the early 2000's that sold for a whopping $58 U.S . It was in about the same condition as yours. I would expect that you would try to sell on Ebay and sell it "Raw". I would start with an opening bid of $.99 Cents.
That's just my 2 cents....

 

I'm not trying to insult your intelligence. I just don't know how you can tell the Variety w/o conclusive full image Pics.
Can we see the edge also to determine whether it's a Plain or reeded edge.

 

I did not say what the coin is. The OP stated it was a 1795 with a reeded edge. There is only one die marriage dated 1795 with a reeded edge and that is the S-79. Please note that my sentence started with "...if you have a genuine..." and then I proceeded to emphasize the importance of having it properly attributed.

 

Okay, Thank you for the clarification.
Let's just wait for better Pics.

 

ICG.

 

Okay/ Thank you for the clarification.
Let's just wait for better Pics.

 

Certain coins like 1864 2c small date, 1894 dollar, star reverse cent, etc. can be positively identified with just a very tiny part of the coin's diagnostic showing.

 

If you do slab it, I would recommend ANACS. Best price, great service, and quick return. Good luck in your decision.

 

Without question the worse image for an authenticity/ attribution question I have ever seen!

The obverse (5) is unique to S-79 and the reverse is "U" from 1796, so actually pretty easy to attribute with actual images...

By the way, I have a reeded edge 1793 wreath large cent I'll send to ICG for their special holder.

 

I would never sell this raw. What if someone were to contest it's authenticity. Slab it, no matter the cost. You will be much better off for it. JMHO.

 

How much does it weigh.

 

slabbed sorry

I didn't ask anyone to attribute it or I would have posted alot more pics and better ones. I guess u didn't read the post.

 

ok tha KS everyone ill post some better pics when I get home but the back is about gone. but you. can see 1795 under the microscope then one section of the edge you can make out the reading. I took it to the coin shop and they agreed.. but ill post some more soon

 

Okay, does anyone have a "Ball park" figure for this grade and the link for values?
Just trying to learn.

 

I did read your post; "any advice" to me would include attributing it 1st. I see no point in even attempting to show an image if you think it has no bearing on a reasonable response to your post.

 

Uh, no...



I wouldn't speculate on what that is, other than it looks like it could be a 1796 obverse...