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1803 large cent Planchet flaw?
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<p>[QUOTE="johnmilton, post: 13685131, member: 101855"]I've been at this for over 60 years. I will give you a couple of pieces of advice, and then I will leave the issue alone.</p><p><br /></p><p>#1. If you are looking at low grade, cleaned, early copper coins, it gets hard to tell if it's mint caused or post mint damage. By this time, the mint was buying its planchets from England, and the initial quality was pretty good. It's not like some of the pieces from 1793 and '94 when the mint was melting copper from wherever they could get it and rolling their own.</p><p><br /></p><p>For a piece like this, which is fairly lower grade an has been cleaned, it's not an important issue. But, if you start buying more expensive material, it is.</p><p><br /></p><p>#2. Planchet defects on early coins lower the value and desirability. Given the choice, and early copper die variety collector will take a piece on a good, smooth copper planchet over a piece with issues, even if the issues are mint caused.</p><p><br /></p><p>Years ago I purchased this 1795 half cent from a well known copper dealer. Since I wanted the coin for a registry set, I asked that it be certified The coin has a very tiny planchet clip that is barely noticeable. If PCGS had noted it on the holder, it would have taken several thousand dollars off the value of the piece. Therefore the deal was, I would pay “X dollars” if the coin came back without the planchet clip notation. If the planchet clip was noted, the deal was voided.</p><p><br /></p><p>It came back clean, so I purchased it. According the condition census, which a list advanced collector keep for the best known examples, this is the 7th finest known for the 1795, Cohen 1 half cent variety.</p><p><br /></p><p>[ATTACH=full]1530238[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 13685131, member: 101855"]I've been at this for over 60 years. I will give you a couple of pieces of advice, and then I will leave the issue alone. #1. If you are looking at low grade, cleaned, early copper coins, it gets hard to tell if it's mint caused or post mint damage. By this time, the mint was buying its planchets from England, and the initial quality was pretty good. It's not like some of the pieces from 1793 and '94 when the mint was melting copper from wherever they could get it and rolling their own. For a piece like this, which is fairly lower grade an has been cleaned, it's not an important issue. But, if you start buying more expensive material, it is. #2. Planchet defects on early coins lower the value and desirability. Given the choice, and early copper die variety collector will take a piece on a good, smooth copper planchet over a piece with issues, even if the issues are mint caused. Years ago I purchased this 1795 half cent from a well known copper dealer. Since I wanted the coin for a registry set, I asked that it be certified The coin has a very tiny planchet clip that is barely noticeable. If PCGS had noted it on the holder, it would have taken several thousand dollars off the value of the piece. Therefore the deal was, I would pay “X dollars” if the coin came back without the planchet clip notation. If the planchet clip was noted, the deal was voided. It came back clean, so I purchased it. According the condition census, which a list advanced collector keep for the best known examples, this is the 7th finest known for the 1795, Cohen 1 half cent variety. [ATTACH=full]1530238[/ATTACH][/QUOTE]
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1803 large cent Planchet flaw?
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