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<p>[QUOTE=&quot;oval_man, post: 1101560, member: 22602&quot;]I understand what you&#039;re saying but your post raises a couple of questions for me. First, let me say I don&#039;t know that much about large cents; I only own several. Therefore I don&#039;t know the rarity of, say, an 1840 in AU58 that has exactly the right qualities for a set someone is putting together. So I probably shouldn&#039;t be assuming what Mike would or would not pay for a certain coin he&#039;s happy to have found.</p><p><br /></p><p>But that raises the question for me about the notion of fair market value. I realize FMV varies widely based on the quality of the coin, especially eye appeal. However, if an AU55 large cent has a FMV of $400, and attractive specimens aren&#039;t uncommon, then I would expect to be able to find one for about retail. Of course if they are very uncommon, then I well understand paying a premium.</p><p><br /></p><p>In the case of the &#039;39, it seems that Mike paid about retail for it, as it used to be in an AU58 holder—and might regrade again at that. So I would assume he would have paid about retail for the 1840. Again, I don&#039;t know just how hard it is to find the right large cent to fit your set. Hope this all makes sense.</p><p><br /></p><p>BTW, I just did a quick look on Heritage. Here is a very clean MS62 that looks to have very reduced luster; reminds me of this 1840 (although in the OP the 1840 looks to have more luster). There is even the grey coloration over the ear and parts of the hair that might be construed as &quot;wear.&quot; <a href="http://coins.ha.com/common/view_item.php?Sale_No=1139&amp;Lot_No=7155" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1139&amp;Lot_No=7155" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=1139&amp;Lot_No=7155</a></p><p><br /></p><p>(I&#039;m assuming it is 62 and not higher because of the reduced luster. It&#039;s clean!)[/QUOTE]</p><p><br /></p>

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