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Thread Title: Die Variety Premium for late date large cents
Created On Monday April 26, 2010 7:38 PM


notwilight
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Monday April 26, 2010 7:38 PM

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What premium would you give to a high grade late date Large cent for being an R4+/R5- die variety? The premium would be very large for an early date. For the late date, there are just not many collectors of them. Most die varieties are common R1s, they are generally not naked eye varieties, and there are a bunch of them, often 20/year. So is there a premium to a variety that carries no real distinction other than the knowledge that it is rare to those few able to recognize it? --Jerry

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RYK
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Tuesday April 27, 2010 4:41 AM

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<< What premium would you give to a high grade late date Large cent for being an R4+/R5- die variety? The premium would be very large for an early date. For the late date, there are just not many collectors of them. Most die varieties are common R1s, they are generally not naked eye varieties, and there are a bunch of them, often 20/year. So is there a premium to a variety that carries no real distinction other than the knowledge that it is rare to those few able to recognize it? --Jerry >>


I am going to bump this back up by saying that:

1) This is not my area
2) Per my observation, it really depends a lot on other factors including demand and especially condition
3) Hopefully, someone else will bail me out of this

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copperflopper
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Tuesday April 27, 2010 8:17 AM

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Most large cent collectors collect late date by REDBOOK varietys like 1846 short medium and tall date, 1847/47, 1844/81 ,1851/81 etc. At least that has been my experience. Ron

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Sonorandesertrat
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Tuesday April 27, 2010 8:26 AM

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Once you get past 1836, collector interest in obscure varieties (ones that require some magnification) drops precipitously. This is true across most series of coins
with the notable exception of Morgan dollar VAM varieties (but few of these bring large premiums in the marketplace, and most VAM collectors are cherrypickers).
There is collector interest in Indian Head cent varieties, but largely because one dealer (Rick Snow) has been effectively promoting these for a number of years.
No dealer is really doing this in the case of late-date large cents.

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rays
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Tuesday April 27, 2010 9:13 AM

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I personally would pay no premium for a variety that requires a microscope to detect.
Has anyone recently completed a late-date set by Newcomb variety? I think it would be a daunting prospect with little psychic reward. I would much rather have all four chains than hundreds of late date varieties.

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notwilight
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Tuesday April 27, 2010 9:10 PM

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Thanks guys. I could see collecting R-4s and above only but even that would be unrewarding when there is no visual difference from the common varieties.

Thanks for the bump RYK. I tend to get on here after everyone has gone to bed and post my questions.

--Jerry

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quickwing
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Wednesday April 28, 2010 5:49 AM

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Did you buy something nice in Annapolis last week you havenít shown us yet Jerry? Being fairly new to the sport I can report the only premiums I have noticed in late dates are the RD blazers. There is also a premium price being paid for some #1 CC varieties, and particular nice examples with a respected provenance. Most of the really + coins trade heavy above greysheet. Other than that is still a small circle of specialist that can even tell the difference.

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MikeInFL
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Wednesday April 28, 2010 7:45 AM

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IMO, there is little/no premium for the rarer varieties that are not listed in the Redbook, outside of top-pop coins -- and even that market is very thin.

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Edited: Wednesday April 28, 2010 at 7:47 AM by MikeInFL

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notwilight
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Wednesday April 28, 2010 12:01 PM

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<< Did you buy something nice in Annapolis last week you havenít shown us yet Jerry? Being fairly new to the sport I can report the only premiums I have noticed in late dates are the RD blazers. There is also a premium price being paid for some #1 CC varieties, and particular nice examples with a respected provenance. Most of the really + coins trade heavy above greysheet. Other than that is still a small circle of specialist that can even tell the difference. >>



No, I've been offered a late date cent in NGC MS67BN that is R4/R5 but it isn't a naked eye variety and depending on how I price the NGC part of the equation, appears to have quite a premium. Or else they just want too much for it and I could justify paying too much if the die variety was worth a premium. Doesn't look like I can make it work. --Jerry

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