Help me with this large cent please.

tjc2120

I am and have been looking for a 1798 large cent for my type set. I am not ready to buy, but if I were, I would have bought this one. Hypothetically, did I make a good choice? Why or why not.


Link to listing on EBay

Thanks

zeebob

ICG? nope. I don't trust my ability to grade or ensure they are genuine. ICG might as well be raw.

For that kind of money, they got to be in PCGS (or ANACs or NGC).

Bob

Billet7

I think it's a nice choice, a couple tics but nothing big. Shawns coins always look better in hand than his pics. I think it's a decent coin, and I love the cud on the reverse.

coinguy1

<< <i>ICG? nope. I don't trust my ability to grade or ensure they are genuine. ICG might as well be raw.

For that kind of money, they got to be in PCGS (or ANACs or NGC).

Bob >>

Curiously, if that is how you feel about your own abilities, why would you reply to this thread in the first place?

For what it's worth, the coin looks unquestionably genuine to me. The assigned grade looks about right and the color appears to be pleasing. There are just a few flaws which are somewhat distracting, but overall it looks like a pretty nice example. Based on a brief search of the Heritage auction archives, the listed price appears to be high, however.

SilverEagles92

Shawn Yancey is top notch.

You can visit his website at earlycoppercoins.com if you haven't already.

Edit: Looks like he currently has nearly a dozen 1798 cents listed.

quickwing

<< <i>Shawn Yancey is top notch. >>


Buy copper from a copper expert and then you don't have to worry about what a TPG grades the coin. Shawn will answer question through email that you have, and give you his opinion of what the EAC grade is. If you want to reslab it he will tell you if it should make.

Billet7

Yes, Shawn is one of the best people you could possibly deal with. He's honest and works hard, I couldn't recommend a dealer more than I recommend him!

zeebob

<< <i>

<< <i>ICG? nope. I don't trust my ability to grade or ensure they are genuine. ICG might as well be raw.

For that kind of money, they got to be in PCGS (or ANACs or NGC).

Bob >>

Curiously, if that is how you feel about your own abilities, why would you reply to this thread in the first place? >>



Why relpy? Offering an opinion based on my experience looking at grading companies. You know participating in a discussion. Bringing my lettuce to the stone soup as it were. PCGS, NGC and ANACs are apparently the best of the lot with the rest pretty far distant. Unless the seller is of a super-high quality (like an Eagle Eye for IHC's) coupled with a somewhat respected brand of TPG (ICG would work) I wouldn't risk my money on the coin.

Shawn Yancey obviously comes highly recommended by some members (above), but is unknown to me. The OP gave an Ebay auction link to an off(ish) brand (IMO) $1K+ coin and asked, "would this be a good buy?" My answer is that I wouldn't risk my hard earned cash based on the information given.

In fact, given the fact that Mr. Yancey is still unknown to me (no offense meant to Mr. Yancey, who maybe an outstanding dealer), given the cost of that coin and the off brand holder, no way would I chance it. If future research left me more comfortable with the dealer, then I might consider another opinion.

I have paid too much tuition" in buying off brand, raw or even over graded (NGC) coins to risk my cash on anything but good pics, a trusted dealer and PCGS plastic (maybe NGC or ANACs but not for copper).

Marauderrt10

<< <i>ICG? nope. I don't trust my ability to grade or ensure they are genuine. ICG might as well be raw.

For that kind of money, they got to be in PCGS (or ANACs or NGC).

Bob >>


wrong.

I showed a MS68FB mercury dime years ago in an ICG holder to David Hall, and guess what? It graded MS68FB at PCGS.

ICG isnt that bad.

JRocco

<< <i> ICG might as well be raw.

Bob >>



I strongly disagree with this statement.

coinguy1

<< <i>

<< <i>

<< <i>ICG? nope. I don't trust my ability to grade or ensure they are genuine. ICG might as well be raw.

For that kind of money, they got to be in PCGS (or ANACs or NGC).

Bob >>

Curiously, if that is how you feel about your own abilities, why would you reply to this thread in the first place? >>



Why relpy? Offering an opinion based on my experience looking at grading companies. You know participating in a discussion. Bringing my lettuce to the stone soup as it were. PCGS, NGC and ANACs are apparently the best of the lot with the rest pretty far distant. Unless the seller is of a super-high quality (like an Eagle Eye for IHC's) coupled with a somewhat respected brand of TPG (ICG would work) I wouldn't risk my money on the coin.

Shawn Yancey obviously comes highly recommended by some members (above), but is unknown to me. The OP gave an Ebay auction link to an off(ish) brand (IMO) $1K+ coin and asked, "would this be a good buy?" My answer is that I wouldn't risk my hard earned cash based on the information given.

In fact, given the fact that Mr. Yancey is still unknown to me (no offense meant to Mr. Yancey, who maybe an outstanding dealer), given the cost of that coin and the off brand holder, no way would I chance it. If future research left me more comfortable with the dealer, then I might consider another opinion.

I have paid too much tuition" in buying off brand, raw or even over graded (NGC) coins to risk my cash on anything but good pics, a trusted dealer and PCGS plastic (maybe NGC or ANACs but not for copper). >>

But Bob, you didn't offer an opinion on the coin, and even stated that you "don't trust my ability to grade or ensure they are genuine". Essentially, all you did was insult ICG, and in all encompassing manner.

lkeigwin

I recently crossed two ICG large cents, 1802 and 1805, at grade. In fact I've had better luck crossing ICG and ANACS than NGC.

I like this one. I think it's more likely a VF 20-25, though.
Lance.

rhedden

I collected large cents for years, and stopped in the past 4 years due to huge price increases on the early dates. I have had excellent luck dealing with Shawn Yancey, both buying and selling, so my highest recommendation there. However, if you just want a nice 1798 cent and don't care about die varieties, then this coin is not going to give you the most for your money. First of all, why buy an expensive 1798 cent with contact marks and chatter in the fields? 1798 is a common date and you can take your pick from dozens of available coins. The S-172 with the cud is a little better variety due to the die breaks, and the price is roughly doubled as a result. You could get a common S-166 or S-184, which has nicer surfaces, for $500 to $800. It may even be possible to get a full XF with nice surfaces for $1,100 if you're not choosy about the variety. Personally, if I were just looking for a 1798 type coin, I would not throw $1,100 at a coin with numerous contact marks. My 1798 (common S-184) is pictured below- it came to me in 2003 at $450, and I'd guess it's worth $700-800 now, for reference purposes.

Longacre

I would feel comfortable with the ICG slab and the seller. There shouldn't be a problem.

thatboyaintright

Although not as marketable or universally accepted, I have found ICG slabbed US coins to be pretty consistant and appropriately graded. Of course, I'm no grading expert.

notwilight

I'd say it's been pretty well summed up. I agree that Yancy is one to trust for copper. The coin is nice but priced with a premium for the die variety. you can find a nicer one in a common variety for the same money. Copper is often sold raw and with a reliable dealer like this, who cares about the IGC slab.

--Jerry

zeebob

<< <i>But Bob, you didn't offer an opinion on the coin, and even stated that you "don't trust my ability to grade or ensure they are genuine". Essentially, all you did was insult ICG, and in all encompassing manner.
>>



Point taken. This was a good example of bad manners (on my part). Apologies offered. Will do better next time (at listening instead of talking).

An interesting and informative thread all in all.

Cheers,

Bob

tjc2120

Thanks for all the thoughtful replies. A lot of good advice to consider. I've said it before. I find the type set challenging because there is so much to learn within each type in order to pick out a solid piece you are happy with. In my set I am trying to balance cost and condition with more interesting selections such as a rarer variety or minor (very minor) pedigree.

Pretending to buy this turned out to be pretty fun. I am glad I was able to pick out a piece on my own that I liked that was also acceptable to others with more experience. I found with my 1828 half cent and my 1851 large cent, even though I thought I knew what I was looking for there was a lot I was still missing. I hope you all will indulge me again and maybe some time next year I can show an actual purchase.

Don't forget, unlike your parents, you CAN choose your dealer.

Coin Finder

You did fine, that coin will cross if you want it in a PCGS Holder it might go vf20 or 25 but still I think you did good.

1798CentCollector

The S-172 for sale is a rarer terminal die state example of the variety......It's a nice looking original coin. I'd personally grade it a net EAC 20 coin. CQR values the variety at $1,250 in 20 Average, so it's priced OK for the variety/grade. Probably a piece that would appeal more to the variety/die state collector than type collector. None-the-less, a pretty neat 1798 S-172.