1856 Snow-1 cherrypicked from Heritage

EagleEye

Coin World is reporting about a 1856 I cherrypicked out of the Pittsburgh Heritage auction. Its the rare Snow-1 which is by my research, the first 1856 struck. It has the S-3 obverse in an earlier die state and a unique "tilted ONE CENT" reverse with the ONE CENT rotated with repect to the wreath. Another neat aspect of this die pair is the obverse die is rotated to show the eagle flying onward and upward like the Gobrecht dollars.

Presently only 5 are known. Breen did not list this in his encylopedia because only 1 copper example was known in 1987. Mark Borchardt (one of the present catalogers at Heritage) discovered the first CN pice in 1990 (an XF, which I sold a a few years ago for $17,500).

I figure it should be worth $20,000, but Coin World reported what I paid for it (This is a cherrypick), so I have to price it a bit cheaper that I should. Anyway that's what happens when you buy coins at public auction - your cost is public. However



See Coin World September, 13, 2004 page 8.

jbsteven

I just read the article and thought the same thing about how much you paid and what you will be able to sell it for.

Russ

<< <i>I figure it should be worth $20,000, but Coin World reported what I paid for it (This is a cherrypick), so I have to price it a bit cheaper that I should. >>



I don't think what you paid for it has any relevance to what you should sell it for. If you think it's worth $20K and the market thinks it's worth $20K, then damned well sell it for $20K. Screw anybody who thinks you're making "too much" profit.

Russ, NCNE

ziggy29

I just read that today. I guess it really pays to have an "eagle eye" for this sort of thing...

nwcs

Congrats on a great score!

WaterSport

I think this is a candidate for "You Suck" !!!


Really great coin reagrdless of what 1856 it is IMO.

WS

JrGMan2004

Sweet! Specialists rock!

kryptonitecomics

Ok since I don't have a copy of coin world handy....how much did you pay????


I also agree with Russ.....I'd sell it for fair market value regardless of what you paid......other sure would

Coinerww

I like your username.

STEWARTBLAYNUMIS

Russ

Why don't you buy it and sell it for twenty grand ? Haven't you seen enough accented curls?

Stewart

IrishMike

Rick thanks for posting the picture as I was having a hard time trying to imagine what the coin looked like by reading the description in coin world.

Lakesammman

Boy Rick, your lucky it was my 25th Anniversary that week!! There would have been more spirited bidding.

lathmach

Great going Rick.
I've always believed that it's right and proper to benefit from the knowledge you get from years of research.

Ray

Lakesammman

This hopefully shows the difference to better advantage. The S1 (top coin) has the low leaf on the left with the appearance of the wreath tilted with respect to the word "ONE CENT", the S3 with the high leaf on the left.