1798 large cent

Discussion in 'What's it Worth' started by gopher29, May 29, 2010.

  1. gopher29

    gopher29 Coin Hoarder

    Please share some opinions on the grade and value of this 1798 draped bust cent. If anyone can identify the variety of this coin that would be nice as well. Thanks fellow CoinTalkers!

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  3. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    $95 bucks
    But I dont know these very well.
     
  4. gopher29

    gopher29 Coin Hoarder

    $95? That's all you see it bringing at auction. That's like G-4 money. So I take it you grade the coin G-4? Can I get a few other opinions please.
     
  5. CheetahCats

    CheetahCats Colonial & Early American

    At a very quick glance, could be higher than a G-4, if it's an S-150 or S-151; someone who can readily pull reference could confirm or not.

    Using reverse as guidance, VG-8 maybe F-12...
     
  6. Lugia

    Lugia ye olde UScoin enthusiast

    obverse vg 8 - reverse vg 10
     
  7. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    Like I said:

    "But I dont know these very well."

    This is not my series at all and I only have a couple of these. I like them and think they are great but just don't know that well. There are plenty of people here that do know about this series.
     
  8. mark_h

    mark_h Somewhere over the rainbow

    I would probably net it out to VG-8 and the price would be between $90 to $130. No books to get the variety which could make a difference.
     
  9. gopher29

    gopher29 Coin Hoarder

    It sounds like you guys feel the reverse of this coin is a little nicer than the obverse. That's interesting as I do not really see that. To me, the obverse and reverse look equable. I actually think the date is the sharpest and most distinct feature of this piece. Maybe because it looks to me to have been the most well-struck area of the coin and because, as is so often the case with these coins, the date is usually one of the weaker areas. I will admit though that one of the biggest problems with this coin is the lack of hair detail on the obverse. The other major flaw is on the reverse in that the fraction is somewhat weak or "ghost-like". I'm still thinking that overall the coin might by nice enough to call a VG-10. But these coins are tough to grade in that so many of them seem to wear in such different ways.
     
  10. CheetahCats

    CheetahCats Colonial & Early American

    Gopher - That was precisely my point. Your specimen has a very strong date in comparison to a very weak bust on the obverse. An S-150 or S-151 has a very weak bust, yet still has strong date and motto.

    If you refer to The Official ANA Grading Standards for United States Coins, Bressett, Whitman Publishing, (c)2006, pg.76, you will see the following guidance:
    "The characteristic traits listed here to assist in grading must not be confused with actual wear:
    ...
    1798, S-150 and S-151: entire bust is very weakly struck.
    ..."
    This is why I deferred to the reverse for primary assessment.

    If you don't have the book, and wish to pursue large cents, I kindly recommend at least attaining a copy of this, if not more. IMO just using Red Book guidance doesn't cut it. If you'd like me to cite the guidance pursuant to F-12 and VG-8 grades, I'd be happy to...

    Hope this helps :thumb:

    - CheetahCats
     
  11. gopher29

    gopher29 Coin Hoarder

    I think I have that book somewhere on the shelf at home. What page is that info on? Thanks.
     
  12. PFCBEGA

    PFCBEGA Staff Numismatist HA.com

    I'm calling it a solid F-12. you can tell the bust is struck weakly, it has all the details i need to see to make it a F. Great looking coin, i love large cents that just have good honest ware with no pitting
     
  13. CheetahCats

    CheetahCats Colonial & Early American

    Here you go.
     
  14. gopher29

    gopher29 Coin Hoarder

    http://www.largecents.net/collection/1798drbust.html

    ...here is a great website for anyone interested in identifying their 1798 large cent variety (thank you Google). After close examination of these coins and my coin I have concluded that my coin is most likely S-176 (R-4). I can definitely rule out the S-150 and S-151 coins because those are both overdate (1798/7 varieties) which my coin clearly is not. What do you guys think? S-176??
     
  15. Cringely

    Cringely Active Member

    If graded as a F-12 using strict EAC grading standards, Copper Quotes by Robinson lists a Sheldon-176 F-12 in average condition at $1,500 ($650 if VG-8)

    However, the die cud beneath the date makes me wonder if it is a S-176 as neither the early or middle die states show that cud. I do agree that it is not a S-150 or S-151.
     
  16. CheetahCats

    CheetahCats Colonial & Early American

    No, unfortunately I do not. The hair curl on the back of Liberty's head, underneath the tail, doesn't match.



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  17. gopher29

    gopher29 Coin Hoarder

    That's definitely it. Even the small CUD over the "C" in America matches up.
     
  18. gopher29

    gopher29 Coin Hoarder

    I see what you're saying but I still think it's a match. Unless my coin is a different variety not mentioned on that page then I don't see what else it could be. This variety is described as being identified by the unique shape of the date. And my date looks just like the one pictured. The dentils surrounding my coin are also strong and weak in the same areas as the S-176 pictured.
     
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