The real issue to me is that they are graded like tradition coins, ratgher than like ancients. They tend to have problems so I'm trying to consider that in evaluating a specific coin. I'm not really in the market anyway, but i find it interesting. Ruben
I dont think it will slab. I sent my entire large cent date cent to PCGS and many coins like this ended up in genuine holders.
I hear you Ruben, but for the most part these have been above ground, and were struck by machines. I love US copper and colonials myself, and believe this is where I would end up if I came back to US coins, but I am just saying I don't think they should be graded like ancients. Personally I judge them just as harshly as any modern coins. I grade strictly on everything, but I am not a condition snob in the least. My favorite ancient is a vg, and I love a nice old fashioned wear F coin. If I were in the market for an 1802 that little bit of corrosion would not bother me if I paid an appropriate price. I simply see grade inflation rampant in US coins, possibly because people wish they own better coins than they do. For some reason a nice VG coin is not "worthy" of love to way to many collectors anymore, and neither is a coin that has been cleaned in the past, or has a rim bruise, or a ding. They are like little abandoned dogs cast astray by the mad rush of owners to get the "better" pets in the plastic. Just call me a mongrel lover.
Thats fine but I just want an appropriate price . Hey i brought and lost a AU Flying Eagle cleaned that if not would have cost a few thousand bucks, and I picked it up for about 200 dollars in an ANACs slab. That coin was STOLEN because the idiot thought it was gold. Ruben
For large cents surface quality is a huge driver of price, and corrosion is just ahead of human damage as far as worst damage. For EAC grading they have a sharpness grade then they net for problems. So the coin you linked two might grade as 15 net 8 and would be considered Ave- at best. The CQR price on a net 8 Ave- s231 is $100 while the price for a Ave 15 is $400. So that surface condition knocks $300 off the price. I would grade the coin I linked to as 15 net 12 with a CQR price of 270, he is asking between 12 and 15 money for his coin. One thing I have noticed is with common varieties like these two, s231 and s241 the value takes a bath if they have serious surface problems because there are a lot of nice examples. With rare varieties you take the condition you get, but with common stuff you can be picky and price reflects this.
Let me expand on my statement. both wear and condition problems affect the price. The coin SHOULD be valued accordingly. Slabs are an attempt to evaluate these variants with the grade accounting for wear and the "Details" accounting for condition. If you don't trust your own ability to make these judgements, a third party makes this judgement for you and puts them into a piece of plastic, ostensibly to protect them. The value is not in the slab if you are a coin collector. But if you are an Investor, you could not care less about what's in your piece of plastic as long as it promises to yield more money than it costs. I refer to those as slab collectors because they will never know the passion of the numismatist who sees the coin as a window to the past. To carefully handle the same metal that our forefathers did is to become a part of history and not merely an observer.To understand how a coin was produced and under what conditions taps into our thirst for knowledge and admiration for their ingenuity and perseverance to overcome the obstacles presented to them, and thus showing us we can also overcome such obstacles. But I digress.
