What bid? It's a BIN sale, seller wants $499 with free shipping. Question is, is it worth $499 to YOU? You can also make the seller an offer if you think $499 is too high.
Though problem free 1794s are not that common, I would wait for a nicer example for the money. Not worth 499 to me.
I used the word "bid" when I should have said "offer." I was thinking of splitting the difference between Red Book G4 and VG8. That would be a few dollars less than $499. Haven't made up my mind, though. Thanks for pointing out the shipping is free. I hadn't noticed that.
To me 400 would be a good buy, but 450 still seems high. Its just too hard to properly judge a problem coin for value by an image, the color could be completely wrong when you get in hand.
Hobbies are suppose to make you happy, even if you overpay. As long as your happy (and still own your house) your all good.
Me I'd wait on a cleaner example I'll tolerate some environmental damage on a early copper but not severe like this one some slight porosity to the fields like my 1794 yes I can live with one that looks like it's been blasted with a 12 gauge repeatedly no thanks to me itaxabout eye appeal and as the 1794 head of 1794 liberty cap is in my opinion one of the most beautiful coins ever made I'd want a nicer example save your money and buy a cleaner one here's mine detail grade yes but it's not detrimental to the appeal of the coin
All I got to say compare this coin and some of the others posted here and reconsider there's some excellent 1794 examples on the favorite large cent thread
I'd strongly recommend to pass. Many other "Net VG8" ANACS examples have sold in the $200-250 range. If I had to buy the coin listed, I'd pay $200 for it. Here's a much better coin for the money sold in 2011: http://coins.ha.com/c/item.zx?saleNo=1151&lotNo=9107 There are several other examples recently as well, for around the same pricetag. I suggest just waiting for a few auctions and buy a reasonably priced, problem free example.
If you like it and you know what you're getting then buy it . I've bought a couple so called problem coins that I'm happy with . Just make sure you're not settling for a lesser coin .
Forget about the prices in Red Book, those aren't accurate as they are outdated at the time of printing anyway. I would look up completed sales on eBay, Heritage, and Teletrade for one in the same condition to get an idea of what they are selling for in that condition.