Draped bust half dimes & dimes in lower grades

steviewonder

What is the current demand for this type of material in lower grades (AG to VG)? What are the going prices for these coins compared to red book or trends prices?

Baley

i believe demand for these pieces would be strong, if there were any supply

seriously, I'd pay full retail for a problem free example of either of these coins, the ones I see offerred are either problem pieces or are nice ones going for more than book.

dorkkarl

demand is extremely strong, supply pathetically weak.

K S

BigD5

Ditto Dorkkarl, but examples with problems are available.

BillJones

These small coins are VERY rare in clean, undamaged grades. If you have any no problem ones you can get more than bid for them quite easily, at least in VG or better. The bid sheets are way off for this material.

Buy the ultra grade moderns of you want, but if you can find no problem early material (which I will admit is VERY hard), five years from now you will be way ahead of guy is buying ultra grade modern coins.

dorkkarl

"problem" examples are stupidly undervalued as well. so your 1797 dime in VG has been wiped & pcgs won't slab it - BIG FREAKIN' DEAL. even the so-called "problem" coins don't just fall out of trees. they aren't making any more of 'em ya know!

(this ranting & raving directed at no 1 individual ... )

K S

Baley

agree, even "acceptable" problem examples are tough to find and pricey, I mean lightly wiped, or with small digs, or uneven strike/wear, etc., if it's attractive, and you can tell what it is, someone will want it for type, unless it's holed, mutilated, bent more than a degree or 2, etc.

(and even then, if the price were right, well....

DIMEMAN

To answer your question. I found an 1802 dime in PCGS VG10 at HLRC and they are asking 4,000. Trends, which is full retail is 900 in VG and 1,475 in Fine. I would like to have it, but....................

Jon

Baley

here's an 1807 on eBay right now, ernie is asking $638 with a BIN of 700, he calls the detail VF (ha ha) I say it's a net Fine detail net Good piece, if that (damaged, cleaned)

trends is $375 in good, $600 in fine, so it's either it's priced as a F15 or trends is way out of date with the market.

Baley

and here's a 1796 he's calling AG and starting at $600

(baley says it's a Poor-1, maybe 1.5 on a generous day, the reverse is very nearly slick with no trace of an eagle)

EVillageProwler

seriously, I'd pay full retail for a problem free example of either of these coins

If that's all you're willing to pay, then you should expect to have a very unfulfilling collection in this area!

EVP

Baley

heh, so far you're right


am personally finding it easier to put together sets of both DB quarters and halves in VG-VF by date/major die variety than I am of finding a SINGLE VG-Fine DB dime or half dime for my type set.

I want a certain look, want to pay sheet, and ain't findin' sheeeet!

I guess the smaller change from 1800-1815 really took a beating in circulation, ditto trying to find a decent classic head large cent for anywhere near price guide prices.

dorkkarl

<< <i>I found an 1802 dime in PCGS VG10 at HLRC and they are asking 4,000... full retail is 900 in VG and 1,475 in Fine. >>

you talking about hairy lobster rare coins? the guys a total nutcase, asks ridiculous prices on his coins. don't know how he manages to convince folks to buy his crap.

offer to sell him some coins some time, see if he offers you triple greysheet.

K S

lordmarcovan

I was just looking for the Heraldic Eagle type in the Draped half dime, for a type set, about 3 or 4 years ago. I wanted a nice VG or Fine without problems. Preferably slabbed, no net grades. That was no easy quest. I ended up settling for an 1800 in an ANACS G6 slab. Even then, the coin had a very light bend, but I suppose it was not enough for ANACS to net it. Here are obverse pics of my DB half dime and dime. Both coins were probably slightly overgraded, but with the norm being nastiness (bent, holed, mutilated, scratched, and so on), these were the best I could find within my budget at the time ($500 or below).




The funny thing about this sort of material is that it seems you'll either find wretched junk or astronomically expensive high-end pieces. Very little in between. My theory is that the better midgrade coins are held onto tightly by collectors, and just don't hit the market often. And, as mentioned previously by others, the demand far outpaces the supply.

indianabyron

Hey about 2 years ago I picked up an 1835 nice coin except . Ya there is an expect from thee 12:00 to 3:00 it was hit by something like a plow or shovel and has an ulgy gouge on it . But you know what I only have 2 bust coins the 5c and a 50c. i would be hard pressed to seperate with them.



byron

lordmarcovan

1835 would be Capped Bust coinage, byron. We're talkin' about Draped Bust coinage, a much rarer breed. Of course, it's ALL good.

Another observation about the Draped Bust/Heraldic Eagle coinage: it seems the smaller the denomination of the coin, the harder it is to find.

indianabyron

capped draped blah blah . just worn in a different area of the body. And about 2 seconds after i posted i knoticed it said draped and not capped. OOPS my bad

Byron

steviewonder

I agree with lordmarcovan. Anything that is available is either circulated problem coins or high grade material that is sky high priced.

tjkillian

You guys are depressing me. I need both of those coins, including large and small eagle, for my type set. All I need is a full Good and I'd be happy. What would one realistically expect to pay for a PCGS G-4 Draped bust half dime/dime/large eagle/small eagle coin? Twice greysheet? Three times greysheet? Give up as you won't find one?

Tom

dorkkarl

overgraded my foot! those coins are NICE. i'd take either 1, no prob's at all.

K S

SG58

I don't see much talk about these coins. Who collects these?

tjkillian

My wife bought me an 1807 Draped bust dime in a PCGS G-4 holder. It looks great. I still need more, including half dimes and small eagle. I collect them. Just no supply, as Dorkkarl says.

Tom

Barry

<< <i>To answer your question. I found an 1802 dime in PCGS VG10 at HLRC and they are asking 4,000. Trends, which is full retail is 900 in VG and 1,475 in Fine. I would like to have it, but....................

Jon >>


HLRC is on another planet as far as prcing goes. I looked at a few of his coins in Baltimore last week. On the subject of an 1802 dime in PCGS VG10, I was winning bidder on one in ANR's recent auction at ~$2500 (including juice), but I returned the coin as it had a very noticeable X scratch on the bust that was barely evident in the pic, and not mentioned in their description.

SG58 - in answer to your question, I collect these.

sadysta1

1803 half dime

I picked it up from D Lawrence for some $325, It's not problem free (scratch not listed on the holder) but I'm keeping it since they are so impossible to find. I was also able to score 1805 half dime on Yahoo over a year ago - it's holed and slightly bent but for $50 can't complain

Baley

hey, an old thread! Here's a dime I found since, that wasn't too spendy:



I've also got an 1807 in Fine, but can't seem to locate the picture right now.

Colorfulcoins

I'd KILL for a 1800-1805 half-dime in PO01, FR02, or AG03 that is or could be PCGS graded.....been looking for a year and have not found a coin. It was MUCH easier to find my 1795 and 1797 type half-dimes than the Draped Bust type.......

Baley

tough coin. please post your draped bust half dimes and dimes, it's been a while since we've seen one..

ricko

Wow... talk about an old thread..... a lot of posters we never see anymore.... 15 years ago it was started......Cheers, RickO

CoinZip

I love this thread, it demonstrates that some trends stand the test of time...

topstuf

@Baley said:
tough coin. please post your draped bust half dimes and dimes, it's been a while since we've seen one..

no half dime.

BillJones

Here is a 1797, 16 star half dime in what I call, "Gem circualted condition." Finding this coin in this type of well used, but no problem grade is next to impossible. I bougth this one in 1982 form dealer, Norm Pullen. Does anyone remember him from the New England area? At the time it was graded Fine-15, and I have called it "the finiest Fine-15 on the planet." Today it's in an NGC VF-20 holder.

topstuf

Kinda illustrates what the PEOPLE used for coins.

Baley

Here's an 1803 draped bust heraldic eagle half dime, my only example of the type



took a while to find one that had most of the draped bust and heraldic eagle visible

HoledandCreative

NGC was a tad conservative on this one.

BryceM

Here are my two humble examples for this very old thread:

yosclimber

Cool. The LIKERTY is an old Red Book classic, like the LIBEKTY.
As it turns out, they are actually die states and it can be somewhat subjective to attribute them on worn coins.
Still, I like die states (especially die cracks), and the nostalgia from the old Red Book is great.

BillJones

The 1800 “LIBEKTY” is a die variety. The “R” punch that was used to enter the letter into the die was broken at the top which created the “K”.

The 1796 “LIKERTY” is at best a die state. I’ve looked at this one long and hard, and have compared the coins that the TPGs have attributed to each designation. I can’t see much difference or consistency in those attributions.

Since NGC has a slot for both “varieties,” I bought certified examples of each to get my set as complete as possible. I think that all of the the 1796 half dimes that are not that overdate variety are the “LIKERTY” “die state.” I’ll post some pictures later.

Walkerguy21D

**I bougth this one in 1982 form dealer, Norm Pullen. Does anyone remember him from the New England area? **

Yes, I do - Norman W. Pullen. Used to have ads in CoinWorld, and I did some business with him at a couple of the larger shows that he traveled to that were in my neck of the woods at the time. Very nice fellow, as I recall him taking time and being patient with me, with what I'm sure were pretty small purchases at the time.

BillJones

I head that Norm Pullen left the coin business to get into the model train business. The “old guy” demographic has come to that hobby as well.

BillJones

Here are the photos that I promised to post. First the 1800 half dimes:

Here is an 1800 "LIBERTY" half dime.

Detail of "LIBERTY"

And here is an 1800 "LIBEKTY" half dime.

And here is the detail

The "R" is open at the top because of a defective "R" punch.

BillJones

Now for the 1796 half dimes..

Here are a couple of pieces that were called the "LIBERTY" variety or were not marked as a "LIKERTY" variety.

Detail

Another

Detail

Now, here are a couple of "LIKERTY" pieces.

Detail

And another in high grade.

Detail

The differences are slight, if they exist at all.

zrlevin

I can't hold a candle to many others in this thread, but here's my draped bust dime. I purchased this a little over 10 years ago from a forum member as a NGC VG8. It lived raw in my LoC type album for a long time before being sent to PCGS this year and is now in a G6 holder.