Auction: http://cgi.ebay.com/1801-PCGS-VG10-Draped-Bust-Large-Cent-1-000-Variety_W0QQitemZ230445124702QQcmdZViewItemQQptZCoins_US_Individual?hash=item35a7998c5e#ht_2682wt_1098 History: http://coins.ha.com/common/view_item.php?Sale_No=1136&Lot_No=7073
What opinion would you like? It is a very nice coin(in my opinion) for the variety and it is probably worth around the Heritage price. I think it boils down to how much are you willing to spend and do you like the coin?
I just wanted some input...I think its really cool, but don't know a lot on this variety or busts for that matter and just wanted some input, thanks!
S-220 I believe it is an R-3 or 4 variety and is one of the favorite varieties. That alone probably adds to the premium. As it is I see where some F coins run more than 600. I think this is a good example of the variety. Nice clear - 1/000.
Is it the S-19 or S-20? http://www.coinfacts.com/large_cents/draped_bust_large_cents/1801_large_cents/1801_large_cent_varieties.htm
I'd pass Using the typical one grade decrease between TPG slabbed coins and EAC grading and using Copper Quotes by Robinson, prices for a choice Good-5 condition S-220 (pointed "1")-Rarity-3 would run around $125 and S-223 (blunt "1")-Rarity-1 around $130. The current $225 bid should get you an EAC graded VG (equivalent to a F-12 or better TPG slabbed coin). As far as R.1, R.3, these are relative rarities. The numbers in each rarity factor can differ somewhat (R.1 > 1,250 vs. 1,000), but the number below should be a reasonable guide R.1 > 1,000 coins known R.2: 500-1,000 R.3: 201-500 R.4: 81-200 R.5: 31-80 R.6: 13-30 R.7: 4-12 R.8: 1-3
Hm.. (EDITED I see what your saying now)...I actually just fell for this coin when I saw the 1/000 and went wow...is this coin quality? or should I keep looking? what would you put a bid for on this coin if you were me? (Can't go over $450.00 ish) please let me know...thanks Just read that...could you point me in the right direction of a more quality early cent?
I'd keep looking. If you go on the Early American Copper website http://www.eacs.org/ and click on the LINKS tab, you will get a bunch of copper specialists. I have bought from Tom Reynolds multiple times and been very happy. I told by others that Chris McCawley is a good guy. Also Doug Bird (no website, but try 310-374-1764) is another highly recommended copper guy. These guys are at the larger shows (ANA, Long Beach, etc.) and stopping by, seeing what they have and talking to them will save you a lot of $$. $450 might be able to get you close to an EAC graded F-12 (perhaps equiv to a slabbbed EF). Best of luck
Thank you very much, you've gone above and beyond helping and I want youto know I really appreciate it..I'll post some pics when I find a nice one
Yes - I have bought successfully from several of them. The site mentioned is Tom Deck one of my favorite large cent dealers. I can say that on some coins there prices are more than you can get the coin in an auction. Plus - I would not say EAC grading is typically a 1 point deduction. At times it seems like the lower the grade the fewer deductions, the higher the grade the more deductions. I recommend checking the other heritage auctions for S-220 - that is your best indication of the price you will be paying. Compare the auction prices for a coins grade and variety against the same variety and grade on the EAC dealers list(skip the problem coins). Plus check collectors corner - I have gotten a couple of nice deals off it. Just my humble opinion.
Mark, I absolutely agree. Check the past Heritage auctions to see what 1/000 cents (in many grades) have sold for. Thanks for the reference to Tom Deck. A quick look at 97 different half cent sale prices shows that EAC grading is invariably lower than TPG slab numbers. The only 4 had EAC = TPG; one AU55 and three MS64s. All others had EAC < TPG. I'm in the process of analyzing EAC vs. TPG grades. So far, using Ellsworth sale and the current Heritage Ft. Worth auction of half cents shows nearly a full grade (not point) difference. When I get more statistics (including large cent data), I plan to submit an article to Penny Whimsey, the EAC publication. I'll post a summary to CoinTalk.
I don't recall ever seeing a EAC = TPG. I will have to go look at some of those half cents on heritage. That will be a good article to read and I look forward to it. Well assuming I don't have to join EAC. I like large cents and they are great, but they are not my only interest. But if my new coin coming is what I think it is I just might have to - I have been wrong before.
In the current Heritage ANA Ft. Worth auction, I believe that there are two MS64's that also have MRB grades of 64. I just joined EAC (don't have my member # yet). It's inexpensive ($25) and friends who are collectors tell me it's worth every cent. Also, get a copy of Jack Robinson's Copper Quote by Robinson (PO Box 430, Centreville, VI 20122 803-830-8865).
