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I Broke One of My Collection Rules - 1850-O Seated Half (UPDATE: Close up pics added)

CatbertCatbert Posts: 6,587 ✭✭✭✭✭
edited December 11, 2022 8:03PM in U.S. Coin Forum

Edit: close up pics regarding arc are provided later in this thread as an update.

As we all have, I've paid my tuition dues as a coin collector and have learned the hard way that buying problem coins leads to eventual dissatisfaction. So, I've practiced discipline in avoiding "but for" coins. I've also not been shy about selling coins that don't have problems since my standards have changed/evolved. This was to upgrade coins in my collection or to raise funds for a different/more expensive coin.

Yet, I've recently purchased a seated half dollar knowing that the coin had a problem (see arc over the eagle) that detracts from the overall quality of the coin. Nonetheless, I really like the toning, strike, and luster on this coin. It's very attractive in hand and so it will remain in my collection since I collect seated halves. No need to send to CAC since I'm confident it won't sticker.

Do you have a coin that violates your collection standards? What is it, why does it goes against your standards, and why have you decided to keep it?

The video starts out a little blurry, but it will sharpen if you give it a few seconds:

Edit to add: click on the lower right hand corner of the video to expand the viewing area.

"Got a flaming heart, can't get my fill"

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    For the last fifteen or more years, my collecting rule has been to 'only buy what I like'. That could be design, rarity or condition. If it has 'something special' that appeals to me, I add it. If not, I pass - I have not broken that rule. Cheers, RickO

  • pursuitoflibertypursuitofliberty Posts: 6,585 ✭✭✭✭✭

    l like the look, and think it's an attractive example! Damn tough to find nice in my experience as well. WTG!!

    A few issues, yeah, maybe. But let's face it, most coins pre-1892 are some level of issues, especially if we aren't chasing superb Gems (and even then). It's all what we are will to compromise for.

    "Too" white? Deep original crust? Secondary toning? Chatter? Drift marks?

    I could go on and on. Not everything is for everybody.

    A few of my no-no's are obvious cleaning, whizzing, most damage, visible hair-lining, splotchy toning from improper rinse, PVC damage, corrosion, and most graffiti.

    I don't have any to show this morning, but certainly I have compromised to an extent from my ideal look and grade.


    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • MidLifeCrisisMidLifeCrisis Posts: 10,514 ✭✭✭✭✭

    Nice coin...I like it!

    I don't have "rules"...but I do have "guidelines" that I try to follow, but still not too rigidly.

  • ashelandasheland Posts: 22,671 ✭✭✭✭✭
  • NeophyteNumismatistNeophyteNumismatist Posts: 870 ✭✭✭✭✭

    I like the coin. Ask far as "problems" go, this is a pretty minor one.

    I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.

  • yspsalesyspsales Posts: 2,187 ✭✭✭✭✭
    edited December 6, 2022 8:29AM

    A few years ago, I started back from scratch and attempted to become an actual numismatist.

    I have been consistently in going from raw to "make them" mode.

    When I stray outside of this lane, I generally am disappointed.

    Regrets? Mostly the cool coins I paid up for and lost interest and sold.

    I did keep this one in the fold.

    Depending on how you count the pop... roughly just six non precious metal in existence, or slightly more than a dozen in total.

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  • logger7logger7 Posts: 8,069 ✭✭✭✭✭

    The problem does not look that detracting to me. But it may have caused it to go a little cheaper.

  • skier07skier07 Posts: 3,679 ✭✭✭✭✭

    It’s your collection and money. Buy what you like and don’t buy what others might like. If you’re happy with your purchase that’s all that matters. The only negative might be when you sell the coin and that mostly depends on your purchase price.

  • jesbrokenjesbroken Posts: 9,244 ✭✭✭✭✭

    After 60 years + of collecting, I have found that their are coins I love that I would not have been able to own without accepting the occasional problem coin. Therefore, my rule became buy what you like and if a small problem exists, live with it. As long as I can enjoy looking at a coin, it becomes acceptable to me. Then, that's my opinion.
    Jim


    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
  • scubafuelscubafuel Posts: 1,732 ✭✭✭✭✭

    It looks like a nice enough coin and is tough to find.
    That said, when I break a rule like this I start out out defiant (this time it makes sense, darn it!) and 6 months later I’m selling it. Please report back :)

  • oldabeintxoldabeintx Posts: 1,620 ✭✭✭✭✭

    When I expanded my type collecting some years ago to include colonial coins as well as foreign that circulated in the US I relaxed my "no details" rule. I've bought colonials with light corrosion (fine line here with TPG's) and a number of foreign damaged from use. US Federal coin types I've made no exceptions. To date no details-cleaned, doctored, tooled, altered, holed, mounted, etc. With me it's all about intent. More to the OP point, if I see a "problem" with a non-details coin, it's only a problem if I think it's a problem.

  • Project NumismaticsProject Numismatics Posts: 1,339 ✭✭✭✭✭
    edited December 6, 2022 9:19AM

    I have several problem coins that I purchased 10-20 years ago (and one recent mistake). I am having good traction selling these on EBay. They are all slabbed and I make sure to describe the problem and offer a return period. I’ve been pleasantly surprised how easy they’ve been to sell. My recommendation is that if you have an issue with a coin that is bothering you, sell it and move on. Redeploy the capital into material that you enjoy.

  • lkeneficlkenefic Posts: 7,809 ✭✭✭✭✭

    Another beautiful piece! I don't think the spots over the eagle (arc) are distracting at all either.

    I agree... pre-1892 coins generally have some degree of "issues". I can be fairly strict about the problems, but I also like to actually buy coins on occasion. I collect Type (Dansco 7070) and I'm a bit more strict when it comes to issues for a Type Piece. That said, the Classic Head Large Cent in my collection is a VF-details coin for corrosion (my cardinal rule for Early Copper... DON"T BUY CORRODED COINS!). These are difficult pieces to find nice... they do exist, but likely for multiples of what greysheet or listed coin price guides will tell you. I also collect Early Copper... mainly Middle and Late Dates, but I also have a fairly good representation of earlier issues as well. For copper, it's all about surfaces (no corrosion) and color. I also don't buy pieces that are holed, damaged, bent, scratched, etc... I will accept contact marks as normal use, but if they get too excessive for the grade or if there's an obvious rim dent, I'll pass.... that is, unless it's a rare coin and the price is substantially marked down. For instance, I have a 1794 Liberty Cap in a straight-graded VF20 holder in my Box-of-20 that I paid fairly strongly for, but I also have a 1796 Liberty Cap that is uniformly corroded and was struck on a clipped planchet... it has strong G4/6 details (and a strong date) but it does have these issues... and I got it for less than half of what a straight-graded G4 would bring.

    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

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  • coinbufcoinbuf Posts: 10,751 ✭✭✭✭✭

    I think you have a very nice example, yes that rev mark is unfortunate, but overall the coin is very pleasing. Congrats!!

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • johnny9434johnny9434 Posts: 27,475 ✭✭✭✭✭

    I kinda like it

  • coinkatcoinkat Posts: 22,762 ✭✭✭✭✭

    Rules and standards are wonderful as long as they are based in reality.

    While most seek out the ideal coin, an ideal coin as well as a problem coin exist at different levels. Defining the problem creates compromise in terms of what one is willing to live with and be satisfied. And perhaps ideal may include a quality for the grade example at a lower grade than one would prefer. So the question is does the satisfaction of ownership outweigh non ownership with the potential of not ever owning that special coin?

    My rules and standards bend based on pragmatism for certain coins/medals.

    Experience the World through Numismatics...it's more than you can imagine.

  • BarberianBarberian Posts: 3,035 ✭✭✭✭✭

    @Catbert said:

    Do you have a coin that violates your collection standards? What is it, why does it goes against your standards, and why have you decided to keep it?

    Yes. Oddly enough, my Pan Pac that was graded MS63 violates my collection standards for my circulated commemorative collection. The same may be true for my Gettysburg and Vancouver. I want classic commemoratives with grades equal or lower than AU58.

    However, I'm not angry when I purchase MS coins at circulated coin prices by accident.

    3 rim nicks away from Good
  • WalkerfanWalkerfan Posts: 8,952 ✭✭✭✭✭

    If that's a toning pattern, then I see no problem.

    If surface damage, well then, yes.

    Lovely coin.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • WilliamFWilliamF Posts: 832 ✭✭✭✭✭

    I think an exception can be made for that one, although I'm not quite as picky about my coins as you are ;)

    ."It's a dangerous business... going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to" -JRR Tolkien_________________________________________________________________________________________________________________________________________Outstanding BST transactions as a seller, buyer and trader with: ----- mustanggt, Kliao, claudewill87, MWallace, paesan, mpbuck82, moursund, basetsb, lordmarcovan, JWP, Coin hunter 4, COINS MAKE CENTS, PerryHall, Aspie_Rocco, Braddick, DBSTrader2, SanctionII, Histman, The_Dinosaur_Man, jesbroken, CentSearcher ------ANA Member #3214817

  • CatbertCatbert Posts: 6,587 ✭✭✭✭✭

    @Walkerfan said:
    If that's a toning pattern, then I see no problem.

    If surface damage, well then, yes.

    Lovely coin.

    I think it's a toning pattern but something occurred to create that arc to alter the coin's patina that makes me think it is a flaw.

    "Got a flaming heart, can't get my fill"
  • WalkerfanWalkerfan Posts: 8,952 ✭✭✭✭✭

    @Catbert said:

    @Walkerfan said:
    If that's a toning pattern, then I see no problem.

    If surface damage, well then, yes.

    Lovely coin.

    I think it's a toning pattern but something occurred to create that arc to alter the coin's patina that makes me think it is a flaw.

    In that case, it wouldn't bother me. I think such things happen often. JMHO.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • lermishlermish Posts: 1,904 ✭✭✭✭✭

    @Catbert said:

    @Walkerfan said:
    If that's a toning pattern, then I see no problem.

    If surface damage, well then, yes.

    Lovely coin.

    I think it's a toning pattern but something occurred to create that arc to alter the coin's patina that makes me think it is a flaw.

    As long as the surface is undisturbed, weird toning patterns are okay with CAC...or at least they aren't an automatic disqualifier. My barber dime has a weird streak across the center, but it's a natural tone mark (rubber band? Edge of an envelope for a decade?) and it is CAC.

  • robecrobec Posts: 6,599 ✭✭✭✭✭

    I don’t see that coin as anything but eye appealing. I love it!!

  • cheezhedcheezhed Posts: 5,679 ✭✭✭✭✭

    I've found that if I have a coin with a problem, that problem seems to be the only thing I see over time.

    Many happy BST transactions
  • ReadyFireAimReadyFireAim Posts: 1,800 ✭✭✭✭✭
    edited December 12, 2022 1:04PM

    @Catbert said:
    Do you have a coin that violates your collection standards? What is it, why does it goes against your standards, and why have you decided to keep it?

    @cheezhed said:
    I've found that if I have a coin with a problem, that problem seems to be the only thing I see over time.

    Agree...I have a saint with cuts on the knee.
    It's a MS66+ & one of only 2 CAC coins that I own.
    It was early on when I got it and I allowed the bean to influence my buying decision.
    Never again...But I have gotten used to looking at it and am in no hurry to replace it.
    The luster is crazy but I'm not happy about damage in a focal point.

  • CatbertCatbert Posts: 6,587 ✭✭✭✭✭

    @cheezhed said:
    I've found that if I have a coin with a problem, that problem seems to be the only thing I see over time.

    I agree, and that is why I have my "rule". Yet, I find this coin to be an exception (for me).

    Never know, could change my mind down the road, but I don't foresee it at this time.

    "Got a flaming heart, can't get my fill"

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