Impulse Buy- Thoughts- Good or Bad, etc.
HillbillyCollector
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Okay, I’m sure we all have been here before or currently, maybe?😂
Four or five years ago, I was sitting around one rainy weekend, watching an auction and ran into this coin at the last minute. I liked it’s looks and suddenly thought 1812, the “War of 1812.” So I bought it!
Never bought one in this series before or since. I ran into it a day or two ago and still like it. Thought I would run it by some of you with much more experience than myself.
Thoughts, did I do okay on an impulse?
Maybe I should have skipped that auction, etc?
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Show us the grade and holder it's in. Did you look it up before you pulled the trigger?
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Looks like a nice CBH to me. Possibly just makes XF.
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Sure, I will, give me your thoughts first? NO, I didn’t look it up. No time and it wasn’t that big of a deal, I didn’t think I would lose much or make much, either way. I just liked it.
There were a handful of coins before, and it didn’t seem too expensive, and I liked it. In this case, grade, etc., didn’t become a big deal.
You did fine as an impulse buy.
I like. Is that a rim ding, reverse by C.?
Looks like part of the slab to me.
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XF and looks to be a nice coin. Are the images muting it somewhat? Something about those pics make me think the coin may look a bit more lively in hand. 1812 CHB's are fun.
For reference, here's an 1812 that our host pegged as VF.
Part of slab. There’s a small, bubbled up imperfection, right at the rim.
I like it, i probably would have done same as you. I love the early copper stuff.
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I like it
Look like a nice O-103. Look at the diagonal lines underneath the eagles lower jaw. I’d say it’s a nice 50 from the pics.
Other easy pickup points are the two dots under the I in AMERICA, a single dot below the U in UNITED and yours has the die crack through 50 C. to the top of the U.
BHNC #248 … 130 and counting.
You are correct, the coin show’s much better in hand, with more luster showing. Also, grade is in the AU range, so…….maybe I should have skipped!😂
I still like it, I think it’s a cool coin!
If the luster is popping I could see it getting an AU50 once in a while.
I like it alot! Looks AU50
Thoughts, did I do okay on an impulse?
I'd imagine that at least some of the response to that question will be determined by what grade and holder the coin is in as well as what you paid. After all, if you paid a few hundred that is one thing, but if you paid a few thousand that is something entirely different.
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Assuming it is straight graded you did not need a picture of the lettered edge to be sure that was not rolled (damaged). I cannot assess how you did without the purchase price.
EF45
To everyone saying EF, sell me all your 1812 EF's that look like that! Please!!
As @Pnies20 said, it's an O-103, and a nice looking one at that. The weakness on the stars to the right, and somewhat across the hair and curls is strike related, not altogether uncommon for this Die Marriage.
Grade is probably AU53 (50 as a minimum), in my opinion. Enough luster to warrant that, at least. Very little wear overall so it could have got a 55.
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Todd - BHNC #242
Okay, Boys and Girls, the reason I liked this coin so much was the original look, that at least I thought it had. I thought to myself kinda a “gun barrel worn grey.” I agree with all, the grade seems high, as I would normally expect more luster for the grade, in my series. But I did have a little insurance.
So, when it’s all said and done, including BP, somewhere around $1440. Full slab as follows:
Probably high, thus the impulse buy. I am working on this and would probably not make that buy today, at least not without more details of the series. Really wanted to share the story and see what you all thought of the coin.
You’re the only one close on the grade!! And right on the O-103.
Congrats!
I don’t think you overpaid. It seems like you paid for a nice 55 at that price. The pics were prohibitive. Regardless of what PCGS graded it, it’s a nice original looking coin.
BHNC #248 … 130 and counting.
Thank you!
That’s really all I wanted, I love the coin!
If I were guessing, I would have said AU-55 too. I still don’t quite understand how PCGS and CAC came to a ‘58!
I was wanting a nice original coin. So thanks!
Nice grade. My guess was XF but I'm no good at grading these I see. I was using photograde for my info. Lol
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Looks to have quite a bit of luster and no distracting marks. It is a really nice coin!
I was in line with @pursuitofliberty regarding the grade. Low range AU-50 but potential 55. I think the pics conceal the luster which may appear like a lower grade.
For an impulse buy, I think you got a little lucky with this one!
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Looking at price guide and recent auction comps, I would say it was a pretty good buy at that price
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Yeah,
Perhaps better now than then!😂
Thanks,
DD!
AGREED! Bailed out by the great coin bull market!😂
Very nice! As for worth it if you like the coin, then it was worth it. Whether we or anyone else agrees is irrelevant (aside from when you go to sell, if/when that happens).
I too like the originality of it. I think you did alright!
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Wonderful coin. Money is unable to capture or even appropriately value originality.
So is it original? It has the look and the pattern of wear and all the attributes that leads me to write that you did just fine...
Wonderful coin.
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Seems like a no brainer to me. CAC price guide puts it at $1650 with 33 having stickers. And the coin is a nice coin.
To do better you would need to find a similar AU58 with a lower CAC population and for a lower price. Making that your goal could be fun.
I like it as well. I guessed way wrong on the grade and ya got the better grade
Nice coin!
Thanks
This was what I was hoping when I bought it, nice originality.
And I’ve always been happy with it, unlike some of my other purchases, in my own series.
I don't think you did bad for the grade and accessory, although 4 or 5 years ago might have been a little strong. The point is it's a solid coin, and you can rarely go wrong owning solid coins.
I somewhat question the 58 grade, but not too much. After I made my comment, I almost edited it thinking, "It very well could be a 55, and it has the right look to bean".
Nice example!
“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
Ah, I didn’t catch it was purchased 4 or 5 years ago.
BHNC #248 … 130 and counting.
That's a keeper!
High AU grading is whimsical at times, and as always the best looking coins in a certain grade will sell for far more than merely nice ones...with sticker or not.
Here's one that was always fun to look at when I had it.
In hand I'd swear it looked unc..
Bought as N58, got it stickered., sent to pcgs... 55
Oh well 🤗
Wow! A stunning coin! And it didn’t at least cross to P58? Amazing!
Especially that blue, blue reverse!😳
I would have thought MS as well. It’s great to buy something you’re happy with, although admittedly I may have gotten a bit lucky, in this case!
I think you bought a historic, high quality, original coin. It doesn’t really matter if you overpaid by a few dollars - and I don’t know if you did or not given the market at the time. If you choose to sell today, I think you’d likely get your money out of it. Hopefully you are really enjoying the coin and have no plans to sell!
He chose 50, 53, and 55 on the grade in that single post and still missed what pcgs assigned it. I’m no expert with this series, but how can he claim to be better than people guessing xf45? If this coin is lock for a grade, why is there so much room for interpretation on that? Maybe pcgs got it wrong.
And that’s entirely possible. I have a tough time figuring 58, but not lower.
I just don’t know how this series grade’s out.
Of course saying PCGS got it wrong, one would still have to say CAC got it wrong as well. Maybe?
It is a beautiful coin in hand, and at the time I didn’t care if it were a 58 or a 53. Still don’t.👍
Trying to remain objective, my guess probably would have been in the 50-53 range, but I've been going through some of the CoinFacts examples and several of them in AU grades are the O-103. Im not a CBH collector but it appears that one of the characteristics of this variety is a weak strike on the right side, the stars are all flat with no definition, and theres quite a bit of weakness in the hair curls that can be mistaken for wear. Regardless, its a gorgeous coin no matter what holder its in!
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$1440 for an 1812 AU58 with CAC is an outstanding deal. PCGS price guide is $2750.
High quality coin, and I'm sure that there are plenty of folks that would eagerly compete to snap it up when it hits the auction block again!
If this coin is lock for a grade, why is there so much room for interpretation on that? Maybe pcgs got it wrong.
PCGS didn't get it wrong, CAC didn't get it wrong...
Room for interpretation most likely has to do with two things, early dates in this series suffered mightily at the mint to obtain decent strikes and Heritage pics...
Well I only have two myself @HillbillyCollector . This one is not as nice as yours but I was lucky as it was given to me as a gift years ago. I have one other in
a 2x2 about same condition but it has a nice scratch that would BodyBag it. Lol
My Original Song Written to my late wife-"Plus other original music by me"
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War of 1812!
As great a reason as any to bid on a bust half 👍
If you'd decided to win the next lot instead you would've had to throw down a nuke..
@HillbillyCollector ... Looks to me like you did very well... Not sure about the price, then or now, since I do not follow pricing in this series. Others will give you better information on that topic. I like the coin and the grade looks good. Enjoy your coin.... Cheers, RickO
WOW - that's a huge difference! I didn't believe it and double checked. CAC's price guide is $1100 less than PCGS'!
AU50 IMO. Still a good looking, original skin coin, regardless of what the number/stickers on the holder say.
Nice pickup. Great grade!
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Yeah, couldn’t figure that one either. Legend sold a P58+CAC in December for $3,400 and change. Clearly PCGS is more accurate on their Price #’s than CAC(in this case.)
Maybe CAC doesn’t update as often, really don’t know.