GTG: 1793 Bermuda Penny

Discussion in 'World Coins' started by Coinsandmedals, Jul 7, 2020.

  1. Coinsandmedals

    Coinsandmedals Well-Known Member

    The grades from my most recent NGC submission posted today, and I thought a GTG thread would be fun. Please feel free to submit your opinions without sparing my feelings. I am curious to see what you all think.

    1793 Bermud Penny RAW Obv..JPG 1793 Bermud Penny RAW Rev..JPG
     
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  3. David Betts

    David Betts Well-Known Member

    Well here's my thought not knowing any worth of your coin? It is beautiful and love to have it! I once in 1983 sold a Bermuda dime for exactly what I paid for a 1983 VW Dasher Diesel wagon $9275! Nice piece thanks for sharing
     
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  4. ddddd

    ddddd Member

  5. David Betts

    David Betts Well-Known Member

    this one's probably $2-300 but still very handsome! And old!
     
  6. kSigSteve

    kSigSteve Active Member

    Very nice coin and excellent photos. I’ll guess 64RB.

    Also would love to see the other coins from the submission.
     
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  7. Beardigger

    Beardigger Well-Known Member

    Hmmmm.....even though I know very little about grading, I'm not seeing much wear on this coin, as well as NO scratches so I would GUESS a 66RB.
    Are those CUDS on the reverse rim?

    It's a cool coin.....I LIKE it!
     
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  8. lordmarcovan

    lordmarcovan Eclectic & odd Moderator

    First the Cartwheel 2d and now this? You're killin' me!

    I'm going to guess 64 BN here.
     
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  9. lordmarcovan

    lordmarcovan Eclectic & odd Moderator

    PS- love the type. Here is the only one I have ever owned. :p

    [​IMG]

    OK, so it ain't as purty as yours is, but hey- can you wear yours?

    I thought not. ;)

    [​IMG]
     
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  10. Coinsandmedals

    Coinsandmedals Well-Known Member

    I plan to post the grade NGC assigned and my thoughts on the coin later tonight. Maybe we can gather a few more opinions.

    @David Betts I am not sure where you got your numbers from, but if you can find genuine examples in comparable condition for $200-300, I would suggest you pick them up in a hurry. You stand to make a good deal of money off of them.

    @kSigSteve I only submitted this piece and the Twopence, which is the subject of a different thread. I have a bunch more that I need to get around to, including a decent looking 1797 Proof penny that I recently cherry-picked. I plan to take advantage of NGC’s grading special later this month. I find it hard to argue with a 20% discount!

    @Beardigger Yes, there are several cuds on the reverse. Nearly all of the business strike examples I have inspected have these, and they can serve as a point of authentication. Here is a link to a post I wrote on the subject coin not too long ago (https://www.cointalk.com/threads/a-brief-introduction-to-the-1793-bermuda-penny.357923/).

    @lordmarcovan That is a well-loved piece of copper you have there, and you are correct, I cannot wear mine. I feel as though I ran across a gentleman in a similar get-up during one of my trips to Charleston. He had some extraordinary pieces affixed to his vest.
     
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  11. David Betts

    David Betts Well-Known Member

  12. Coinsandmedals

    Coinsandmedals Well-Known Member

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  13. Coinsandmedals

    Coinsandmedals Well-Known Member

    My grade: MS-63

    NGC grade: MS-63

    Finding a decent looking uncirculated 1793 Bermuda Penny on a budget is no easy task. Although this coin is commonly encountered in heavily circulated condition they are very scarce in MS. There is some interesting historical speculation for why this may be, which I briefly introduced in an earlier post on the same coin (LINK). Collapsing across color designation there are only 57 examples graded 60-66 at both NGC and PCGS. Examining this piece in hand for the first time my gut instinct was MS-63, but I studied the auction archives from Heritage to confirm my estimate. The MS-64 examples that I came across were largely free of the handful of very minor contact marks that are scattered throughout the obverse design on my coin and were typically better struck. The MS-62 examples I examined were not nearly as crisp as my coin and had substantially more contact marks on both the obverse and reverse. It seemed logical that my coin would fall somewhere in the middle. Overall I am happy with the MS-63 grade NGC assigned it and I feel as though it is a solid example for the grade.
     
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