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Show and tell: Fun with attributing an 1804 Draped Bust Half Cent
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<p>[QUOTE="johnmilton, post: 25482879, member: 101855"]Lucky you. I tried to get all 12 of the 1804 half cent die varieties, but could never find this one. I knew a couple of big collectors who had multiple examples of it, but they weren't selling. I had the other 11 pieces, included a cherry picked C-7. </p><p><br /></p><p>The late Jim McGuigan finally got one that was a ground salvage piece. It wasn't bad for what it was, but the price was $7,000. That was a ton of money for me 35+ years ago. I had it saved, but I had a choice. I buy this rather unattractive half cent or I could buy this 1804 quarter eagle. I bought the gold coin. That was the beginning of the end of my half cent die variety collecting days. </p><p><br /></p><p>[ATTACH=full]1631226[/ATTACH] </p><p><br /></p><p>As for grading you piece, that is hard to do from the pictures. They are too dark. If the piece is undamaged and only weak because the dies were not aligned properly in the coin press, I would say VG. If it's pitted and other surface issues, the net grade would be something lower, but probably no lower than Good 4. </p><p><br /></p><p>EAC grading is an enigma to me. It's ultra conservative, but when it comes the pricing, the numbers are very high. I know dealers who think it's a bunch of foolishness, and I tend to agree. </p><p><br /></p><p>If you are buying and selling, you have to work within the current market standards. You don't go nuts overgrading everything, but if you are ultra conservative and don't adjust your prices upward for that, you only be picked off. Some old time dealers used "under grade and over price" as a marketing strategy.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 25482879, member: 101855"]Lucky you. I tried to get all 12 of the 1804 half cent die varieties, but could never find this one. I knew a couple of big collectors who had multiple examples of it, but they weren't selling. I had the other 11 pieces, included a cherry picked C-7. The late Jim McGuigan finally got one that was a ground salvage piece. It wasn't bad for what it was, but the price was $7,000. That was a ton of money for me 35+ years ago. I had it saved, but I had a choice. I buy this rather unattractive half cent or I could buy this 1804 quarter eagle. I bought the gold coin. That was the beginning of the end of my half cent die variety collecting days. [ATTACH=full]1631226[/ATTACH] As for grading you piece, that is hard to do from the pictures. They are too dark. If the piece is undamaged and only weak because the dies were not aligned properly in the coin press, I would say VG. If it's pitted and other surface issues, the net grade would be something lower, but probably no lower than Good 4. EAC grading is an enigma to me. It's ultra conservative, but when it comes the pricing, the numbers are very high. I know dealers who think it's a bunch of foolishness, and I tend to agree. If you are buying and selling, you have to work within the current market standards. You don't go nuts overgrading everything, but if you are ultra conservative and don't adjust your prices upward for that, you only be picked off. Some old time dealers used "under grade and over price" as a marketing strategy.[/QUOTE]
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Show and tell: Fun with attributing an 1804 Draped Bust Half Cent
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