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XF45 VS AU50 w soft reverse strike
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<p>[QUOTE="fiddlehead, post: 2409706, member: 31286"]Sentiment appreciated. Unfortunately, for a set collector there are not anywhere near thousands and thousands of choices of first year of issue, 1840 dollars. They were only minted in Philly, had a reasonably small original mintage (about 61,000). In fact, their might be 2,000 existing, of which it's quite likely that 90% are much worse, heavily cleaned, much lower grade, etc. The next 5% or so are extremely expensive. Finding decent coins from 1840 isn't like collecting Morgans and I'm not in the 12,000 to 20,000 dollar market for this coin - which is what uncirculated coins go for. A high grade AU might bring mid 2 thousands. A decent XF45 about a grand. I wish you were right, but not in my price range. This 45 is one of the best I've seen so far. Many are really a mess.</p><p><br /></p><p>I guess this is the obscure set collector's dilemma - as opposed to type collecting or set collecting where there are thousands to choose from.</p><p><br /></p><p>I checked the CAC status on this issue. 7 1840 $1 with CAC - 25 finer. That's not many. CAC status is a pretty good indicator of the availability of high quality coins - not absolute, but a good indicator. And not all CAC stickered coins are "nice". So I guess that narrows it even further. Thousands? I wish!</p><p><br /></p><p>But thanks, all of you who have been answering. I'm not so experienced with silver - great help all around![/QUOTE]</p><p><br /></p>
[QUOTE="fiddlehead, post: 2409706, member: 31286"]Sentiment appreciated. Unfortunately, for a set collector there are not anywhere near thousands and thousands of choices of first year of issue, 1840 dollars. They were only minted in Philly, had a reasonably small original mintage (about 61,000). In fact, their might be 2,000 existing, of which it's quite likely that 90% are much worse, heavily cleaned, much lower grade, etc. The next 5% or so are extremely expensive. Finding decent coins from 1840 isn't like collecting Morgans and I'm not in the 12,000 to 20,000 dollar market for this coin - which is what uncirculated coins go for. A high grade AU might bring mid 2 thousands. A decent XF45 about a grand. I wish you were right, but not in my price range. This 45 is one of the best I've seen so far. Many are really a mess. I guess this is the obscure set collector's dilemma - as opposed to type collecting or set collecting where there are thousands to choose from. I checked the CAC status on this issue. 7 1840 $1 with CAC - 25 finer. That's not many. CAC status is a pretty good indicator of the availability of high quality coins - not absolute, but a good indicator. And not all CAC stickered coins are "nice". So I guess that narrows it even further. Thousands? I wish! But thanks, all of you who have been answering. I'm not so experienced with silver - great help all around![/QUOTE]
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XF45 VS AU50 w soft reverse strike
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