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<p>[QUOTE="beef1020, post: 3080837, member: 24544"]I disagree on this specific coin. A lot of big EAC collections get grading prior to the sale. I notice that grading helps the common high grade stuff because those are bid on by generalists as well as specialists. The rare stuff, unless it's also a red book variety, generally sells for the EAC grade regardless of slab. An 1838 N16 falls into that category, and would sell for a significant premium over common stuff at that grade. Slabbing it likely won't do much.</p><p><br /></p><p>In terms of value, the Holmes coin was AU58/60 and considered the finest known when it sold for $6,325 back in 2010:</p><p><br /></p><p><a href="http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=59&lot=537" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=59&lot=537" rel="nofollow">http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=59&lot=537</a></p><p><br /></p><p>I believe price have come down a bit since this sale, and additional coins have come to light making your AU55 around 4th best. I see a vf25 sold at heratige in 2016 for $3400:</p><p><a href="https://coins.ha.com/itm/large-cents/1838-1c-n-16-low-r5-xf40-pcgs/a/1233-3504.s?ic4=GalleryView-Thumbnail-071515" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coins.ha.com/itm/large-cents/1838-1c-n-16-low-r5-xf40-pcgs/a/1233-3504.s?ic4=GalleryView-Thumbnail-071515" rel="nofollow">https://coins.ha.com/itm/large-cents/1838-1c-n-16-low-r5-xf40-pcgs/a/1233-3504.s?ic4=GalleryView-Thumbnail-071515</a></p><p><br /></p><p>If it were my coin I would be shopping it at around $5,000. Assuming it went to auction and I lost ~20%, i would be likely take an offer around $4,000. Unless you need the money now, I think the offer is too low, although not unreasonably low.[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 3080837, member: 24544"]I disagree on this specific coin. A lot of big EAC collections get grading prior to the sale. I notice that grading helps the common high grade stuff because those are bid on by generalists as well as specialists. The rare stuff, unless it's also a red book variety, generally sells for the EAC grade regardless of slab. An 1838 N16 falls into that category, and would sell for a significant premium over common stuff at that grade. Slabbing it likely won't do much. In terms of value, the Holmes coin was AU58/60 and considered the finest known when it sold for $6,325 back in 2010: [url]http://images.goldbergauctions.com/php/lot_auc.php?site=1&sale=59&lot=537[/url] I believe price have come down a bit since this sale, and additional coins have come to light making your AU55 around 4th best. I see a vf25 sold at heratige in 2016 for $3400: [url]https://coins.ha.com/itm/large-cents/1838-1c-n-16-low-r5-xf40-pcgs/a/1233-3504.s?ic4=GalleryView-Thumbnail-071515[/url] If it were my coin I would be shopping it at around $5,000. Assuming it went to auction and I lost ~20%, i would be likely take an offer around $4,000. Unless you need the money now, I think the offer is too low, although not unreasonably low.[/QUOTE]
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