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1794 S-50 Liberty Cap Large Cent
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<p>[QUOTE="beef1020, post: 2071103, member: 24544"]Be very careful grading 94's from pictures grade websites. Each die was hand engraved with significant differences in details. The approach you are taking here, i can see berries and the ear, just does not work well on these as some varieties show much more detail when worn then other varieties.</p><p><br /></p><p>With that said, it is an S50, the reverse die is the office boy reverse due to the less then stellar spacing. Unfortunately for collector's, this haphazardly done reverse die was quite long lived and outlasted six obverse dies. The obverse die diagnostics are basically the date, the 4 touches the bust while the 1 is clear of the hair. No question it's an S50.</p><p><br /></p><p>Moving on to value get's harder. This is a rare variety, I think current estimates are in the 30-35 range with the tenth best coin grading around vg10, so it's rare and very very rare in nice condition. With that said, I would grade this coin pretty similar to the one sold in the Goldberg auction. The S50 has very strong hair details when struck. With this level of corrosion grading can be difficult, but I would put the sharpness grade in the same 15 range, maybe 20, by EAC standards, and I would net it to 6 for corrosion.</p><p><br /></p><p>So 15 net 6 for corrosion. The last price guides I saw put a scudzy S50 in g5 at 450 and a scudzy s50 in vg8 at 900. I think that is a reasonable range for this coin. I would not worry about the holder, most of the people who are going to be interested in this coin, variety collectors, would just crack it out anyway. In fact, if it were my coin I would crack it out and leave it raw. One of the nice aspects of early copper collecting is that counterfeiters have not gotten die marriages correct, so a coin like yours has almost 0% chance of being counterfeit. </p><p><br /></p><p>Lastly, nice coin, a very tough variety to find and this condition is representative of this variety when priced below the 'I could have bought a car' level.[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 2071103, member: 24544"]Be very careful grading 94's from pictures grade websites. Each die was hand engraved with significant differences in details. The approach you are taking here, i can see berries and the ear, just does not work well on these as some varieties show much more detail when worn then other varieties. With that said, it is an S50, the reverse die is the office boy reverse due to the less then stellar spacing. Unfortunately for collector's, this haphazardly done reverse die was quite long lived and outlasted six obverse dies. The obverse die diagnostics are basically the date, the 4 touches the bust while the 1 is clear of the hair. No question it's an S50. Moving on to value get's harder. This is a rare variety, I think current estimates are in the 30-35 range with the tenth best coin grading around vg10, so it's rare and very very rare in nice condition. With that said, I would grade this coin pretty similar to the one sold in the Goldberg auction. The S50 has very strong hair details when struck. With this level of corrosion grading can be difficult, but I would put the sharpness grade in the same 15 range, maybe 20, by EAC standards, and I would net it to 6 for corrosion. So 15 net 6 for corrosion. The last price guides I saw put a scudzy S50 in g5 at 450 and a scudzy s50 in vg8 at 900. I think that is a reasonable range for this coin. I would not worry about the holder, most of the people who are going to be interested in this coin, variety collectors, would just crack it out anyway. In fact, if it were my coin I would crack it out and leave it raw. One of the nice aspects of early copper collecting is that counterfeiters have not gotten die marriages correct, so a coin like yours has almost 0% chance of being counterfeit. Lastly, nice coin, a very tough variety to find and this condition is representative of this variety when priced below the 'I could have bought a car' level.[/QUOTE]
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