1847 over 7 Large Cent variety question???

jdimmick

A freind of mine picked up a nice 1847 large cent a few months ago. About 3 weeks ago he showed it to me thinking that it might be the 1847 over sm 7 shown in the redbook. It didnt look like it to me, but did have what appeared to be a re-punched 7 or overdate. Anyway, I suggested he submit it to ANACS. Well it came back not as a 7 over small 7 but a Newcomb-18. I am short of reference material in this area, but I am being told that that is the standard 1847 over 7, but an R-5. Is this correct and if so, what kind of value would this carry.

It graded Ms-62Bn (He is thinking of selling, but needs to know what to expect???))

Thanks
jim

MikeInFL

How much you get really depends on the audience. I'd guess around $500, maybe more if you find a few interested bidders.

I could find no record of a 1847 N-18 at auction. The 1847/47 is the same rarity (R-5), but is a more popular variety for collectors and therefore brings a higher price. There are only 4 N-18s graded better by NGC, BTW. The 1847/47 is about a $1000 coin retail in 62, and a common 1847 is about $300.

Hope this helps...Mike

lathmach

Edited:
I misread the description for the Newcomb 18.
Looks like the 8, 4 and 7 are repunched north.
The 8 shows repunching above both loops, the 4 shows it above the horizontal, and the 7 on the top.

Ray

rhedden

I would guess it is worth more like $750 to $1000, depending on whether the right people are competing for it. An ANACS MS-62 1847/7 of the common Newcomb variety (N-2) is probably worth $500 to $700 these days. If you have any doubts, ask one of the major copper dealers what they'd pay for it, and figure they are only offering some fraction of retail.

Conder101

There are three 47/7 varieties N-2, 18, and 31. N2 is the most common a R-3, both N-18 and 31 are R-5 coins. Since ANACS says this is a N-18 it most likely is. Retail price in the previous edition of Penny Prices (Not the most recent edition) for N-18 is $900 for and AU-55, $2500 for a MS-60, and $3500 for a MS-63. Now those are retail prices and for coins with EAC grades at those levels. The ANACS MS-62 grade will probably make at least the EAC AU-55 level and possibly the EAC MS-60 level. I don't know if it would go higher. (N-2 at EAC AU-55 is $750 and $2000 for MS-60, N-31 is $1500 and $3000.)