Baley's discovery coin is now posted at NGC!!!!

Russ

Very cool! And, congratulations again!



Russ, NCNE

cosmicdebris

Myqqy

That's a sweet looking bust half.....

mgoodm3

Very cool find. that would be the cherrypick of the year.

Louis

JrGMan2004

darktone

Cool Baley! Now what do you do- sell it right away or hold onto it and hope it's the only one found? Or just keep it and enjoy it? mike

Mikey

Who sniped it?

LanLord

Way cool, it's nice to add to numismatic history

FatMan

coinkat

congrats... well done

nOoBiEeE

Very cool..

mercurynut

zenny

c'mon everybody, this is Baley we're talking about.

the coin's getting cracked and put in the album........


nice find.



z

100proof1957

Go Baley !

Very Cool.

mrearlygold

Cool!

Congratulations!

Tom

solid

That is just excellent - and a nice looking example to boot. Congratulations!

Ken

MFH

Nic

Congrat.'s Baley !!! Thanks for the info. Russ !!! K

RYK

Awesome!

Bustman

SDCollector

Baley, as I said before, it's ok by me if you decide to leave this one in the slab!

Congrats.

CarlWohlforth

That is a great coin. I like the holder too! I'd pay extra for a holder that says "discovery coin". Who says plastic isn't worth anything?

Baley

Thanks one and all, and special thanks to Russ and Kranky for letting me know about the NGC news item, I hadn't seen it nor heard form NGC since Long beach, I still don't have the coin back from them yet, but here's their picture:

SDCollector

Maybe they're going to keep it!

Stuart

Baley: Congrats and very !!

Casey

Very cool discovery Baley - and the coin has great coloring as well! Nice!

Baley

Well, the "coloring" is something NGC added (well, I think they just lightened the images), along with rotating the reverse for the pictures. The coin in hand and normal light is dark grey, like this:





Who says plastic isn't worth anything?

Not me! This particular plastic (well, the label really) changes the value a lot, at least for a relative unknown in the numismatic world like yours truly. The next owner will likely be a very advanced collector, and won't have to do nearly as much to convince his buyer that this is not just a plain ole 1807 half in fine.

lordmarcovan

Baley, you rule!

Amazing!

islemangu

Well, the "coloring" is something NGC added, along with rotating the reverse for the pictures. The coin in hand and normal light is dark grey

congrads Baley

razorface1027

What a beautiful coin! Congrats Baley.

oreville

Cool!

EvilMCT

Congratulation.

Ken

RBB617

Congratulations, Baley. That is a great find.

nwcs

Very cool

pmh1nic

Major Kudos to you Baley!

Shamika

Bailey,

Where did you find it?

Numismanic

paigowjohnny

Congrats Baley...you continue to reach new levels of suckdom !!!

windwhispersintrees

Anything you can tell us about buying it on ebay?
I'm curious how much it sold for & circumstances, and what this new attribution might've added to the coin's value.

jasbucks

Congratulations Bailey. This must be very exciting for you.

Nysoto

Baley,

Your discovery coin looks great in the slab. You have the rare privilege of owning one of the four current R.9 unique Overton varieties among all of the 559 varieties for 1794-1836, along with 1794 O.109, 1794 O.111, and 1806 O.128.

JadeRareCoin

Man, that gives me goose bumps just thinking about finding an R.9 Bust Half. Toooooo cool. Congratulations Baley. Couldn't have happened to a nicer guy!

GOLDSAINT

Baley,
I am sorry I must have missed the original post on this. Did you discuss how you went about getting NGC to look at this coin as a new type?

This is very very cool !!

Russ

http://forums.collectors.com/messageview.cfm?catid=26&threadid=224321

Russ, NCNE

Baley

Thanks again everyone, quick update: contacted NGC again, turns out the coin hadn't been shipped until yesterday after all, and I'm to look for it in the mail next week. I did have them correct a few errors in the news item and spoke with David Lange for a few minutes about the coin; so far no more examples have come forward.

"R9," "presently unique," gotta love it!

I'm out of town for the next few days, have a great weekend guys, talk to you soon,
Dave

coinlieutenant

That is so super cool!!!

jeffnpcb

This is bigger news than the King of Siam collection!

Nysoto

Baley's discovery coin is also the finest of the 4 unique R.9 half dollar die marriages, 1794 O.109 is VG8, 1794 O.111 is AG3 (sold for $29,700 in 1993), 1806 O.128 has VF20 details but is harshly cleaned with a couple of big digs.

So Baley's coin is the finest of the rarest!

The emission sequence for 1807 Draped Bust halves ends with reverse B on O.104 and O.103, as determined by edge die states. With extensive lapping on the reverse of Baley's coin (U serifs gone, clashing lapped off through OF), it is probably the last usage of reverse B, the last of the Draped Bust halves. When the dies were prepared and ready for the new Capped Bust design, it is probable that O.115 was pulled from service immediately, as John Reich was certainly eager for striking to commence with his new Capped Bust design. With no sign of die failure, the midyear design change is the most probable reason for the rarity of O.115. The survival rate for draped bust halves is only 1%, so if the coin remains unique, about 100 were struck before the dies were retired.

The finest of the rarest, and the last known Draped Bust half struck!

GOLDSAINT

I don’t understand why it is so hard for the average collector, that works very hard on their hobby and finds a real treasure like Dave did, to get the Grading services to give these unique coins the recognition they deserve. I am convinced that there are many rare types in the early coinage that have not been listed before, and I think we will see more and more as old collections come on the market. Several months ago when I submitted my raw Bust Half collection to NGC I marked 3 coins that I, and several others, had done extensive research on that were not listed in Mr. Overton’s book, or anywhere else that we could find. We paid the bigger fees for research on these coins to NGC and they just ignored our request and either designated the coins incorrectly or body bagged them as cleaned, with no comment on what they found. It is this very action that keeps leading me to post on grading threads that graders need to be trained in specific areas, in particular pre- 1850 coinage. I think Dave is on vacation now but has agreed that once he gets back that he will post information about the hoops he had to jump through to get this coin in the proper slab. This should be an interesting story, but I do not know why any collector should have to jump through any hoops to show these “expert Graders” that their coin is a new type. I am considering sending these 3 coins to ANACS so if they were indeed cleaned at least someone will slab them correctly. What are your comments on that?

Nysoto

Goldsaint,

If you have 3 bust halves that you cannot positively attribute, ANACS will attribute them without bodybagging them. Baley's discovery coin was in an ANACS slab, but did not have attribution service.

If you can post your 3 bust halves with a centered image, we can help attribute them. This will save you some bucks, as you probably will not recover the slabbing cost if they are circulated halves. Or take them to a large show and have a specialist like Sheridan Downey attribute them. New bust half die marriages are extremely rare, only three new since 1984. Bust halves that people cannot attribute almost always turn out to be a different die state than pictured in Overton. There are also some errors in the descriptions in Overton, not to discredit the book as it was a great monumental effort.

Once Baley's coin was inspected and confirmed as a new variety by experts in the series, NGC graded and attributed the coin in reasonable time, but they wanted to ensure authenticity so they took the coin back to headquarters for analysis.