1798 large cent coin

My nephew found a 1798 large cent draped bust second hair style. Want to know how much it is worth. Everything is looks good on it but it is green. As you con tell I know nothing about coins.

 

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pics plz

 

Trying to do pic

 

well anything from the 1700's will be worth decent money for they first started officially making coins for the US in 1792 "Pattern coins", That being said.... In a horrible grade this coin is not worth much, and in a good grade its worth thousands....

There are four different types
8 over 7
Reverse of 1796
Style 1 Hair
Style 2 Hair

We need a picture to tell witch coin it is, and the condition. but it could range from $30-$5,500....

NEED A PICTURE

 

Here ya go. As u can tell this has not been cleaned. It is straight out of my back yard, which is all sand.

 

All things considered, I think that coin is in great shape... the legends, denomination, and date are all easily read, and Liberty still has some nice detail. I think it's worth some real money. VERY nice find!

If it were my find, the very first thing I would do is send it into NCS for conservation and restoration and then get it slabbed by NGC. I'd be really interested in seeing what the professionals could do for a coin like that.

 

Well from some quick research, it is hair style 2 (curls by ear and an extra curl near the back of the neck- unless there's something else).

It is corroded but based on this one I'd say xf45-au50 details.
http://coins.ha.com/common/view_item.php?Sale_No=1121&Lot_No=211

Here is a corroded one
http://coins.ha.com/common/view_item.php?Sale_No=428&Lot_No=91#Photo
sold for almost $500 2 years ago.

I would send this coin to NCS to be "restored" DO NOT CLEAN IT YOURSELF. (/agree with Aslanmia)
The final value of the coin would make it worth it.

 

Looks like a S-166 - common variety based off the die crack. I agree send it to NCS.

 

You need to attribute the coin before determining value, as these coins can vary in price greatly depending on the variety.

That said, if it is a common variety, I'd think it would sell for at least $200 -- there's a lot of "meat" on the coin still.

 

Thanks for all the help. Everything that we have read on the internet, pretty much confirms what you all are saying.

One thing that we would like to know is, what is NCS, and NGC ? And, how much would something like this cost us upfront.

BTW, my nephew that found it is only 13 years old! He used his Papa's equipment that was left to him when he passed away last year. His Papa was an avid relic hunter, especially considering we live close to Aversboro, NC!

 

Rev,

www.ncscoin.com NCS stands for Numismatic Conservation Services. They offer conservation services as well as slabbing services (Sonically sealing the coin in a plastic slab) for coins that their sister company, NGC (Numismatig Guaranty Corp) will not slab.

NCS slabs do not have a specific numercial grade, but a "details" grade. IE, a Coin slabbed by NGC may be, say, an XF45 but if that coin was improperly cleaned NCS will slab it as "Cleaned XF Details".

Say you have a gold coin with PVC residue on it, NGC won't slab that, but NCS can safely remove said goop from the coin and then send it over to NGC who will then slab it.

www.ngccoin.com for more info on NGC

I doubt any copper that's been in the ground for hundreds of years will slab with NGC, but that's not at all uncommon on early coppers. NCS will safely conserve the coin if they can, and if they can prevent further damage and safely encapsulate the coin for you. I am told their conservation services are something akin to 2-3% of the estimated value of the copin (I would guess $500 here) plus some random other fees such as slabbing, you're probably looking at $30-40 with shipping.

Money VERY well spent in this case IMO, and also, that's one heck of a find!

 

Probably between $20 and $40 - check out their website http://www.ncscoin.com/auth_grading/index.asp for better pricing. I have never used them, but they are a reputable company. You can search this forum for 1837 and see the type conservation work they do. I think they are perfect for this coin. Congratulations to your nephew on a good find.

 

That's a very, very nice coin you have there. And it is a GREAT find for a kid. I can only dream of finding something like that.

NCS = Numismatic Conservation Services

There website is www.ncscoin.com

Their fees are 1% of the coin's value to evaluate it and 4% of the coin's value to conserve it. So if your coin is worth $1,000 when they get finished you will owe them $50 (plus shipping fees both ways). That's not a bad deal.

PLEASE PLEASE PLEASE PLEASE

DO NOT CLEAN THIS COIN YOURSELF!!

 

I bet his father would be very proud! His spirit might very well be in that detector and pointed him in the right direction.

 

Well, it was his Papa, which was his grandfather. But, we are all certain that he would be proud of him!

 

you found that in the ground, hah. Very nice. Metal detecting?

 

This coin would make a great entry as an exhibit for the contest.

Ruben

 

comments

Congratulations on the find.

#1 Don’t rub the coin with anything & don't even think about cleaning it. You would ruin it in a heartbeat.

#2 Don’t rub the coin with anything & don't even think about cleaning it. You would ruin it in a heartbeat.

#3 When you send it to NCS, you will state a value for postal insurance & the same value will determine the NCS fee. You might value the coin at $400 for insurance & fee calculation. NCS will then return it to you with the same insurance value.

#4 Send the coin to NCS in secure packaging by registered mail insured for $400. I don't have the postal rates in front of me but it will probably cost you about $15 to mail it to NCS.

#5 Please post on this thread when you get the coin back from NCS as I'd like to see what it looks like.

#6 get back out there with the metal detector & find some more.

Very best regards,
collect89

 

What contest?

 

Yes he was metal detecting. He was out there for only about 30 mins. when he dug it up. Then, not knowing really what he had, hunted for another 20 mins or so. After that came in and showed us, and we couldn't believe it!

After that, we did head back out there. But, didn't really find much besides an old 1942 penny.