Interesting Cherrypick on an 1875 S-2 IHC but passed

oldwestgold

So I'm in my favorite BM today and checked out an 1875 IHC NGC~MS65RB old holder. Noticed the 1 and the 5 in the date was dramatically repunched, I recognized it as a Snow 2 variety, quite rare, but not sure there would be a big enough premium for me to take a chance and purchase. The coin, although quite nice and about 75-80% red was not a coin I really want for my IHC collection. The coin is not attributed and the dealer doesn't know, and probably wouldn't care anyway. The price was a little high $750 so ultimately I passed. Did I make the right decision? It's still sitting at the store and probably will be for a long time at that price, unless someone notices the variety and thinks it's worth a premium.

coinkat

If varieties are important to you as a collector and you are seeking the key varieties, then I think I would reconsider. If you are doing a date set and varieties do not really factor into you interests, then passing was the likely the better decision... keep in mind that it is pretty tough to offer an opinion without seeing the coin. Best of luck...

Lakesammman

RPD's are pretty common in the series - sounds like very little upside, if any.

CaptainRon

<< <i>RPD's are pretty common in the series - sounds like very little upside, if any. >>



Tim
Double dies are pretty common in this series as well, and they do draw a premium. 1870 for example, how many listed varieties does Snow list for this date, and how many of them are RPD's. When it comes to rare varities, if it's variety trait is common amongst the series, does this make that rare variety a common coin?

Though I do have to admit I'm not an IHC variety collector, though I do enjoy the 1870 varieties. So the thought of paying a large premium (If that is what the premium is being applied for) for a coin for my date set, would make me pass.

Ron