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Finally, a decent Classic Head Large Cent for my 7070!!
johnny54321
Posts: 480 ✭
I have been looking for a decent one for a while. Usually, they are either corroded, or way out of my price range. I paid $1250 shipped for this one, and it is in a problem free ANACS slab. A few nicks on the obverse, but this coin has a ton of meat on it and the planchet is quite nice in my opinion. This is definitely the key to my XF+ type set, and only 2 coins left to go. What would you grade it at? Any other opinions?
All coins kept in safety deposit box.
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Anacs probably said AU 53 or 55.
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Thanks for the comments. Detail wise it certainly does look AU-ish, but it may not have the luster in hand. ANACS gave it an XF-45, which is the probably the reason the seller was only asking $1250 for it. It seems conservatively graded, but after reviewing some heritage auctions, $1250 seems like a reasonable price for a true XF-45, where as AU-50+ seems to go for 2K+. The latest AU-53 S-294 went for $2760!
I have bought from TNFC before and have been pleased, but I have a return policy in case I'm not.
And like others said, this coin is one of the hardest ones to find decent for a type set if you are on any kind of budget....I went nearly a year with three of them on my want lists - two for my customers, and one for me - and I'm still looking to upgrade the Fine that's in my set.
Good grief, that is a tough group of dates.
<< <i>I love the sharpness of that piece, but sadly it won't grade because of the dark color. I know. >>
I tend to agree. The color will probably keep that coin out of a holder. And the obverse is just a little rough. Perhaps who cares? This is one series where a holder doesn't help one way or another, especially with dealers that specialize in these.
And Bill, I'm really surprised that your coin didn't make it. What code did they assign? I've had some luck with classics that looked exactly like yours, and that's the look to go for.
Empty Nest Collection
Matt’s Mattes
For $425, I don't think I did too bad. The spot on the rt obv is much less noticeable in hand, and the brown color is more natural and chocolatey than
the images capture:
<< <i>The Best Classic Head Cent for the Lowest Price >>
Then I'll have to post the 1808 that came out of the same deal.....
It was one of those perfect storm situations where an old time dealer bought an old time collection, used strict EAC net grading standards, and the
Greysheet to price most of them....I bought a lot of large cents that day
Johnny, Bill and Greg,
All are great looking Classic Head Large Cents.
I never seem to find these and years ago I had
hoped to be able to put an AU date collection
together, but I never found any ( at least in a
price range I could have afforded back then ).
A friend gave me a Dansco 7070 and one of these
days, I will start working on it. Again, Johnny, nice
pick up. ( & Bill, if you don't like your coin, I do !!!! )
~~~~~~~~~~~~
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<< <i>
<< <i>I love the sharpness of that piece, but sadly it won't grade because of the dark color. I know. >>
I tend to agree. The color will probably keep that coin out of a holder. And the obverse is just a little rough. Perhaps who cares? This is one series where a holder doesn't help one way or another, especially with dealers that specialize in these.
And Bill, I'm really surprised that your coin didn't make it. What code did they assign? I've had some luck with classics that looked exactly like yours, and that's the look to go for. >>
"Artificial color" was their excuse. I am so PO’d at the grading services about that way they treated me with my copper coins, that I cannot not write about the situation politely. I learned to buy the coins in the holder and not bother with having them graded. The coins I bought in the holders to fill the slots in my type set were not as nice as the coins that I had, and they had been played with for sure.
Yet I've seen early silver coins that were cleaned and scrubbed to death that got graded. My batting average with early gold and silver coins was 100%. None of them got body bags despite the fact that a couple of them were not original. But with copper I got the shaft more often than not. Then they over graded my Chain Cent which had a big scratch across the obverse and my Wreath cent which had edge bumps, so go figure.
Regardless, in plastic or not, that is the nicest circ CH cent I have seen in a long time.
K
My 1866 Philly Mint Set
<< <i>Color and surface quality is so important on these classic heads. This one is in a PCGS VF25 holder but has light brown color and no porosity.
IMO, this is by far the best classic head posted in this thread.
<< <i>
<< <i>
<< <i>I love the sharpness of that piece, but sadly it won't grade because of the dark color. I know. >>
I tend to agree. The color will probably keep that coin out of a holder. And the obverse is just a little rough. Perhaps who cares? This is one series where a holder doesn't help one way or another, especially with dealers that specialize in these.
And Bill, I'm really surprised that your coin didn't make it. What code did they assign? I've had some luck with classics that looked exactly like yours, and that's the look to go for. >>
"Artificial color" was their excuse. I am so PO’d at the grading services about that way they treated me with my copper coins, that I cannot not write about the situation politely. I learned to buy the coins in the holder and not bother with having them graded. The coins I bought in the holders to fill the slots in my type set were not as nice as the coins that I had, and they had been played with for sure.
Yet I've seen early silver coins that were cleaned and scrubbed to death that got graded. My batting average with early gold and silver coins was 100%. None of them got body bags despite the fact that a couple of them were not original. But with copper I got the shaft more often than not. Then they over graded my Chain Cent which had a big scratch across the obverse and my Wreath cent which had edge bumps, so go figure. >>
Rather than be angry, why not consider that you just don't have as good of a grasp of how PCGS grades copper as you think you do. Said a bit more directly, their standards for silver and copper are quite different -- now we can argue as to if that's right or not, but to try and apply silver (or CuNi or Gold) standards to copper coins is a mistake, IMO. That's not saying you don't know how to grade copper, to the contrary, I get the impression you grade very well, but grading to your own (market acceptable) standard and trying to predict how PCGS will respond are two very different things.
Bottom line (and IMO): For copper, PCGS, is much more lenient with natural problems (as-minted planchet issues, edge bumps), and much less lenient for intentional deception (like the recoloring on your classic head).
I knew it would happen.
Maybe they started receiving nicer planchets that year? Just wondering.
<< <i>Is it just coincidence, or are the preponderance of 'decen't classic head cents dated 1814?
Maybe they started receiving nicer planchets that year? Just wondering. >>
It is not a coincidence. My understanding is it is related to two things: First, the planchets did get better in 1814. Second, mint employees were given a great number of these coins (as their pay, IIRC) and they were saved, often in AU/mint state. I'd guess 8 out of 10 nice classic heads are 1814.
PCGS VF-25 (CAC reject)
<< <i>Is it just coincidence, or are the preponderance of 'decen't classic head cents dated 1814?
Maybe they started receiving nicer planchets that year? Just wondering. >>
This one is by far my nicest classic head cent, ex Husak: 1812 small date, PCGS AU58:
<< <i>It is not a coincidence. My understanding is it is related to two things: First, the planchets did get better in 1814. Second, mint employees were given a great number of these coins (as their pay, IIRC) and they were saved, often in AU/mint state. I'd guess 8 out of 10 nice classic heads are 1814. >>
Ira Stein once told me that as the mint closed down in the advance of the somewhat regular Yellow Fever epidemic, Mint employees were actually paid in 1814 cents handed out in big ol' bags.
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Matt’s Mattes
I mean, it's kinda like this: Let's say that you have a nice AU slider EAC cent that has some rim damage, and is net graded to 53 by PCGS. The EAC dealers might decline to buy it altogether, pointing out the rim damage, and saying that they wouldn't be able to sell it for what the holder says it's worth. However, another dealer, like a type dealer or one that doesn't really specialize in copper would be willing to pay very well for it, since the detail is really great for the grade, and the rim damage isn't really that troublesome. So in this case, the holder is good for resale value.
Now let's say that you have a really choice EAC 25 cent with no problems whatsoever, and perfect color. It's the same date/variety as above, graded EF40 by our hosts. Sure, EAC guys will realize that this is a premium piece, probably worth more than an EF40 coin in a PC holder, but from their viewpoint, sealed in a holder and unable to see the entire coin, they will balk and offer you less than they know it will be worth when they crack it out, provided there are no hidden surprises. So in this case, the holder is a bad for resale value.
Now, wasn't that clear as mud?
Empty Nest Collection
Matt’s Mattes
Here's a PCGS VF20 I picked up last week from Ira. He sold it for a considerable loss on ebay.
Lance.
I knew it would happen.