Pattern question

geb209

Is this really an R-7?

1870 PCGS Proof-62

airplanenut

The coin was just sold at Teletrade on Feb. 2... it is a Rarity-7

geb209

Interesting feedback on the seller, "Steals pictures from Teletrade." Hmm, but that's another issue.

Does anyone believe that the coin isn't a true R-7 and that the books have overstated its rarity?

sinin1

the judd book I have calls it a R6 -> 13-30 rather than an R7 -> 4-12 known pieces



I looked in the PCGS pop report from July 2003 - only 1 had been graded PR65 so this must be a newer slab than last July


not sure how many NGC or ANACS have been slabbed




where can anyone come up with a 'trends' value on something that rarely sells?

gemtone65

The older Judd books that I have list this item as R.6. Moreover, there are many other similarly designed pieces of the same date, each with very minor differences in design or edge reeding. Nevertheless, only a handful of this particular Judd number have been graded by PCGS (2) and NGC(1).

Mark

Pollock lists the coin as R7. The new Judd book lists the coins as H7, which means "high R-7, 4-6 exist."

The coin you are looking at is the plain edge version of this particular silver design. In general, indeed perhaps always, the plain edge versions are less common than the reeded edge versions. In this case, the reeded edge J-861 is, as usual, apparently more common. The new Judd book lists J-861 as H6, 13- 20 exist.

Anyway, back to the coin in question, J-862. The new Judd book lists the last sale as a raw PR65, auctioned by B&M in May 1996. Pollock lists the previous sale as occuring in 1990 and the next previous in 1987. There were apparently several sales between 1981 and 1985. So the coin seems honestly scarcer than an R6. Obviously the Judd (and Pollock) estimates are guesses. Perhaps the older Judd books thought it an R6 because most of the 1870 plain edge standard silver dimes are R6's. Then over time, people came to realize that this pariticular variation was scarcer than R6.

Mark

MFH

The new Judd book lists it as a H7 ( high rarity 7)...meaning ( by their definition ) 4 to 6 known.

RKKay

Low R7

Keep in mind, though if intended as an investment, that standard silvers are hard to sell without losing $.

Also, that seller misrepresented an item as a 63 after he bought it on Teletrade and cracked it out of an ANACS holder that graded it a 60 "cleaned."

Coinosaurus

More standard silver crap. Yes, there are a lot of R6/R7 coins in that series, most of them goofy variants that no one really cares about. Spend a bit more and get something more interesting (Rick always has some nice ones on his site).