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<p>[QUOTE="900fine, post: 1587197, member: 6036"]Thanks for the comment, Mike. I tend to agree it's a decent VF coin.</p><p><br /></p><p>Mike's quote above is VITALLY important to understanding Capped Bust Halves... or any early US coins, for that matter. The bottom line is the Mint was working under duress with primitive equipment. Since the Capped Bust Halves (CBHs) were a very high profile and high mintage coin, the coiners were pushed to crank 'em out. Working on hand-operated presses meant some coins got a better strike than others.</p><p><br /></p><p>IOW - there are MULTIPLE reasons why a coin is missing detail. It's not just wear. It's vitally important to understand that when looking at a coin.</p><p><br /></p><p>I work a lot with CBHs; I've seen countless thousands of 'em, many in very high grade. I can count on one hand the number which are truly 100% fully struck - and four of those were proofs selling for $50,000 and up.</p><p><br /></p><p>I'm continually amazed by "proof" CBHs with mediocre strike and later die states. I would have expected more care when making special presentation pieces like early proofs, but that's a very complex topic for another thread.</p><p><br /></p><p>Strike is of paramount importance when considering CBHs, particularly higher grade ones.[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 1587197, member: 6036"]Thanks for the comment, Mike. I tend to agree it's a decent VF coin. Mike's quote above is VITALLY important to understanding Capped Bust Halves... or any early US coins, for that matter. The bottom line is the Mint was working under duress with primitive equipment. Since the Capped Bust Halves (CBHs) were a very high profile and high mintage coin, the coiners were pushed to crank 'em out. Working on hand-operated presses meant some coins got a better strike than others. IOW - there are MULTIPLE reasons why a coin is missing detail. It's not just wear. It's vitally important to understand that when looking at a coin. I work a lot with CBHs; I've seen countless thousands of 'em, many in very high grade. I can count on one hand the number which are truly 100% fully struck - and four of those were proofs selling for $50,000 and up. I'm continually amazed by "proof" CBHs with mediocre strike and later die states. I would have expected more care when making special presentation pieces like early proofs, but that's a very complex topic for another thread. Strike is of paramount importance when considering CBHs, particularly higher grade ones.[/QUOTE]
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