Would you buy a coin with this damage for a type set?

This is why I'm more comfortable at garage sales than Sachs Fifth Avenue. It's affordable or it gets thrown away.

 

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I try my best to extract any positives I can find in a coin for a type set. I have quite a bit of latitude in my acceptance of wear and damage on a key date, rare, hard to find sample. Unfortunately the coin in question just has no eye appeal to me. It looks like that coin was used for target practice. The shooter showed good grouping, so I'd give that as a positive. That's about it though.

Bottom line, I'd give it a hard pass as opposed to making an insulting offer to the seller for what I think it would be worth.

 

Too much damage, too high a price

 

You're nicer than I am. I have no problem educating those with an insulting asking price with a legitimate counter offer, whether it is insulting to them or not. I call it discovery.

My default position is that one of the two of us needs a grip on reality and it's not always them and it's not always me.

 

NO

 

Never would I even consider a coin in such condition.

 

Absolutely not!

 

Allow me to post an old story that is far too crude, though eye opening.

When I first started out as a Right of Way Agent, an old negotiator told me this story.

A man walks up to a woman and asks her if she would sleep with him for a Million Dollars. She looks at him and replies, maybe. He then offers her $50 and she is insulted.

She declares she's not a prostitute. He replies that she already indicated she was and they were just NEGOTIATING A PRICE.

 

I would definitely pass on this coin. Patience is a virtue in coin collecting - wait for a better coin!

 

I do prefer damage to other problems if it is localized and the rest of the coin is both original and much higher grade than the price reflects. Having said that, this particular example is priced way too high for this amount of damage.

 

You mean something like this?

 

Too damaged at that price. Pass.

 

The OP's original request was for our thoughts on the 1796 dollar for a type set and the CT members have provided well-founded opinions for him.

Now, most people putting together a type set do not seek out key dates or rare die marriages because those coins can cost much more money than a nice example of a more common variety that is perfectly suitable for a type set.

The OP's coin, as I mentioned in my first response in this thread, is a very common die variety and thus decent examples are readily available in slabbed, non-details condition in pretty much whatever grade you desire and budget can afford. Even relatively decent examples can be found in details slabs where an old cleaning or some other relatively minor problem is not very distracting. I have seen many of these in Heritage and other auctions. The OP's coin, however, is severely damaged and that damage is hugely distracting. In addition, the coin is way over-priced. And finally, it is raw which is a huge risk if you are not a subject matter expert.

I am reminded of my first encounter with @johnmilton and @Insider at my first FUN show about three years ago when I was first starting out on my numismatic journey. I was ignorant, enthusiastic and with more money than sense, just to set the scene for you. I had found a couple of early large cents, raw, at a dealer's table and they were each problem coins but not too awful. I really didn't have the knowledge to determine if they were something I should consider buying. Dealer let me take the coins to ask around about which was unusual and should have been a warning to me right then, but it wasn't. I showed them to @Insider at the ICG table and of course he asked what I wanted from him after he looked at them and said he thought they were genuine. I asked if he thought I should buy them and of course he would not and could not answer such a dumb and inappropriate question. But he did point me to a gentleman across the bourse and I went up and introduced myself to @johnmilton and asked about the coins. He was kind enough to patiently explain why I shouldn't buy them and then proceeded to show me some stunning examples of his collection on his iPad. I am eternally grateful for the kind reception he gave me and I took his advice and returned the coins to the dealer. Dealer was not happy! So, when asking for advice here and elsewhere, the questioner should seriously consider all replies and make their own judgement but when the bulk of answers contradict what your fickle heart tells you to do, you should not listen to your heart.

 

Hard pass. I might consider an otherwise attractive coin with minor problems for a Dansco, maybe, but this one is downright nasty, with no redeeming qualities for me.

 

The price seems to be a common point of agreement. It is too high for the condition. Whether it is still desirable at any price depends on the collector.

It is definitely a low budget coin for those who cannot afford or choose not to pay a premium for a better one. It certainly should not be purchased without the proper pricing discount which is true no matter what your budget is.

 

Nada. Not for me.

 

Here’s my flowing hair half for my type set 400$ with the date filed off. Does look better in hand with an even gun metal grey. I’m happy with it

 

looks transparent to me

 

Is it in Claude Rains pocket?

 

That coin has led a rough life If she could only talk and tell you what she's seen.
However, I think you should pass on it and look for a better version.