Early American Copper Collectors - how would you grade this 1798 S-163 Draped Bust Cent?

Discussion in 'US Coins Forum' started by Eduard, Oct 1, 2016.

  1. Eduard

    Eduard Supporter**

    I would greatly appreciate your grading and other opinions or comments on this 1798, Sheldon 163.

    S-163 is rated R-4+ and it is an interesting variety because the best known example is (only) graded EAC 30 (per C.Q.R) or EAC 35 according to HA.
    I was lucky to be able to add this one to my collection and would like to be sure I have it graded correctly.

    Here two sets of pictures under different lighting conditions.

    Thank you!
    1890318l_opt.jpg IMG_1181 (1)_opt.jpg IMG_1198 (1)_opt.jpg
     
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  3. Paddy54

    Paddy54 Well-Known Member

    As I am not familiar with this series the only thing I can say it's sweet looking coin. Lot's of meat on that bone. I'm sure your very pleased to have it in your collection. Nice pick up Eduard
     
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  4. scottishmoney

    scottishmoney Buh bye

    Not being completely familiar with the EAC grading, I do know that it is a lot more rigid than the TPG's, I can say it is a very nice piece and imminently collectible for a discriminating collector such as yourself.

    The minor depression at 4 o'clock on the obverse appears to be a planchet flaw and not a hard hit on the piece.

    I appreciate the large sized images and being able to zoom them to see all the little tell tale die cracks.

    It is a very very lovely coin and I thank you for sharing it.
     
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  5. SuperDave

    SuperDave Free the Cartwheels!

    I would not dare consider myself a qualified EAC-system grader, but with what I've learned over the years about their style a somewhat-educated guess is possible.

    Here are two PCGS S-163's - an XF 40 and XF45 - referred to as 30's in their respective writeups, two of the three finest known:

    https://coins.ha.com/itm/large-cent...0-2166.s?ic4=ListView-ShortDescription-071515

    http://images.goldbergauctions.com/php/lot_auc.php?site=169&sale=90&lot=155

    With these as a comparison, I feel yours suffers from a slightly lesser strike and a planchet imperfection on the right side of both obverse and reverse, but it suffers very little indeed in terms of strict remaining detail. The hair is, excepting the very bottom curl, superior to both. Where strike has not affected the leaves on the reverse, yours is again superior. Aside the aforementioned planchet irregularity, the fields of your coin are clearly superior to the Heritage coin and certainly no poorer than the Goldberg coin.

    Based on what I see and know, if there are three coins atop the Condition Census (assuming the third is the equal of the other two), then yours belongs in fourth place. Sharpness of 25, Net 20, and I'm being pessimistic at that.
     
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  6. kanga

    kanga 65 Year Collector

    Looks XF (probably -45) to me.
     
  7. Conder101

    Conder101 Numismatist

    Sharpness of a 40, some weakness in the strike. Not sure if the area at 4:00 on the obv and corresponding area on the reverse is damage or planchet porosity, can't really judge the color from the images but I would net it as a 20 to 25 coin.
     
  8. jester3681

    jester3681 Exonumia Enthusiast

    I'd agree that this one is the sharpness of extra fine. I don't like the color - maybe cleaned and partially retoned? I'm of the opinion that the reverse damage is pre-strike, and would bring the net grade down.
     
  9. Mike Thorne

    Mike Thorne Well-Known Member

    AU55, and I like the color.
     
  10. Eduard

    Eduard Supporter**

    Thank you all for your replies and comments.

    Dave, many thanks for your extensive comments (and for the links you provided), and I will say that I agree with your conclusions.

    The area of planchet disturbance in front of the bust, (together with the corresponding area on the reverse) do not appear corroded, pitted or otherwise environmentally affected. It is an area of planchet roughness which i.m.o was there prior to striking.
    The fine network of die breaks on the reverse are quite evident. The strike is good, but there are areas of weakness specifically the lower curls and within the wreath, as seen. The surfaces are otherwise smooth and even. The toning is original brown and olive, and much better than shown in my crappy photos. Taking all into account my grade is also VF25, in line with your and other opinions.

    The Holmes coin shown in the link is CC #1, together with an example in the ANS collection. I have searched for pictures of that coin but have not been able to find it.
    The existence of a further similar example is safe to assume, so that would put my coin at CC #4, as you mention. I would be really happy with that.
     
    Last edited: Oct 2, 2016
  11. Marshall

    Marshall Junior Member

    I concur with an EAC 25 / Market 45 grading.

    However, my attention is drawn to the Obverse die crack below RTY which is supposed to be there on Die State I. I cannot detect it. The clash marks are present, but weaker as is the imperfection above 17.

    I'd like to get an opinion on the possibility it might be either a pre Die State I or at least early Die State I.
     
  12. Eduard

    Eduard Supporter**

    IMG_2025_opt.jpg IMG_1181 (2)_opt.jpg Thank you very much, Marshall, for your comments.

    I admit I had not paid much attention to the die state of my coin.
    I am not able to detect any signs of a crack through the tops of RTY either. Here are some (hopefully) more detailed photos of the legend and the date.

    Thank you for your help and interest.
     
  13. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

  14. Marshall

    Marshall Junior Member

    This is the Holmes Die State V for comparison. With the obverse die state markers highlighted for those of you wishing to pick up Die State information.

    8599320_1.jpg
     
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  15. Conder101

    Conder101 Numismatist

    I believe I do see the crack between the T and Y. It is very faint.
     
  16. Marshall

    Marshall Junior Member

    Breen's Encyclopedia indicates ANS no longer has their coin and Breen illustrates the variety with that same coin AKA Newcomb/Clapp in a State IV. Whether this was involved in a trade or theft is unknown to me.
     
  17. David Setree Rare Coins

    David Setree Rare Coins Well-Known Member

    Market XF45. I haven't enough experience with EAC grading to render an opinion but the EAC grade hasn't had much impact when I was selling.
     
  18. ChangeinHistory

    ChangeinHistory Active Member

    Nice detail, not liking the color, looks like it was darkened but not completely. Net VF 25 to me.
     
  19. Silverhouse

    Silverhouse Well-Known Member

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