What do you think of this "1794 Starred Reverse Large Cent"?

PerryHall

<< <i>You should get an EAC grade and then sell at a big auction ASAP( Bmore in NOV) if that is what you would like to do. The fever pitch will peak soon after the review with EAC standards combined with the coin world artical. Congrats again that was an amazing find. >>



Good advice.

EagleEye

Congratulations! Cover of Coin World!

RTS

Longacre

I expect the frothiest of frenzies at auction. Put it in as soon as humanly possible.

illini420

Awesome!!!

quickwing

Here is your big chance to hire Laura! You certainly don't want to miss that opportunity. Maybe you guys will become big buds?

19Lyds

A HUGE congratulations combined with a YOU SUCK Terry!

shasta7

<< <i>A HUGE congratulations combined with a YOU SUCK Terry! >>



Thanks Lee... :-) does this mean I am a canidate for the "You Suck Award" ? lol

I thank all those whom posted...

crypto79... I do plan on getting the coin graded if all possible... am in touch with some people now!

shasta7

shasta7

Thanks to all those who responded... :-)

crypto79 (I agree & working on it...), MisterBungle, PerryHall (I also agree), EagleEye (yes Front Cover is pretty cool), RTS (Appreciate you posting the mag front cover), Longacre (that would be good if this happens), illini420, qiuckwing (NOT sure who Laura is??, 19Lys (appreciate your YOU SUCK comment... lol), etc... hopefully I didn't miss anyone!!
=============================================================================================

Just my own personal thoughts or comments on the damage on the coin...

Even though PCGS says the coin is (damaged)... I still think the damage/flaw was in the planchet before as Pete Smith mentioned.

Here is why I feel or believe this...
On the REV... one of the stars sticks up or is located in the middle of the crack & also part of the ribbon is even & crosses
the crack... On the OBV the hair of Liberty also shows it crosses the crevice of crack... The Letters "B & E" of Liberty also
protrude into the crevice... so to me at least, this means the damage was PRIOR to being struck or minted - NOT after it
was struck!! This is why I am convinced it is a "flaw in the planchet" BEFORE being struck... other wise those areas would
be depressed & much lower & the star would been obliterated... this issue also is mentioned in the Coin World article. The
only true way of really knowing for sure is if a few experts see the coin in their own hands, as pictures can not do it... just
as Chuck Heck says...

I was also told it could mean alot as far as pricing & grading of the coin... Bottom line, it really doesn't really matter except to
a serious buyer who is wanting a "Starred Rev Lg Cent"... so when or if it goes to auction is when we will know... :-)

I feel Coin World did a great job on the story...

shasta7

GFourDriver

Best of luck in the auction, I will be following it for sure. Any ideas yet on where you want to auction it?

Monstavet

This is one of the coolest threads on the boards that I can remember! Can't wait to see how the auction turns out!

crypto79

shasta7
While the coin would be worth a little more to people if it was in a problem free holder since it would appeal to collectors not just interested in pennies but in American rarities too. It doesn't really matter toooooo much if the damage came before or after the minting process as we can all agree it is an eye sore and a "problem". I still wouldn't worry about what PCGS says about the flaw as the person who is going to buy that is going to base their opinion off of the EAC grade more so than the PCGS grade & might crack it out too.

Then again might not Also I would like to point out it is not a bad time to find famous, rare early copper as the market for it is peaking due to some large disbursements. Well played and don't forget your friends son.

19Lyds

<< <i>

<< <i>A HUGE congratulations combined with a YOU SUCK Terry! >>



Thanks Lee... :-) does this mean I am a canidate for the "You Suck Award" ? lol

I thank all those whom posted...

crypto79... I do plan on getting the coin graded if all possible... am in touch with some people now!

shasta7 >>

Anytime a board member picks a coin up for $25 and it turns out to be worth more than $5,000 is a You Suck. It just needs someone to post it and renomedphys appropriately awarded it to you on 8/2. I'm just repeating it.

Baley

wow, CONGRATULATIONS!!

"Collector buys Starred Reverse cent for $25"

that is one HELL of a RIP from, (your words)

a long time friend whom I known for years.

Good Job!

shasta7

Thanks to all...

GFourDriver, (Thank You)

Monstavet, (appreciate your comment - it is pretty neat hearing everyone input & comments)

crypto79, (I agree with your comments & believe that anyone looking to buy a starred rev large cent will like this coin regardless,
as it is in better condition then most surviving samples)

19Lyds, That made my day!! lol Thank you...

Baley, (Thanks for the comments)

(Just to clear things up)... I knew both the father & son... the son alot more, as we been long time friends for many yrs...
The son does know everything that is happening regarding the coin... & yes he was very surprised if I sell the coin that I
was sharing whatever the coin brings at auction... I am about 90% sure it will go for sale... it isn't everyday a coin this rare
is discovered or even put up for sale. I just don't want to make any hasty decisions too quickly. Just letting it sink in... &
will weigh all options. Which is the smart thing to do...

shasta7

19Lyds

<< <i>wow, CONGRATULATIONS!!

"Collector buys Starred Reverse cent for $25"

that is one HELL of a RIP from, (your words)

a long time friend whom I known for years.

Good Job! >>

Terry is a stand up guy and I have absolutely no doubts that he'll fully compensate his friend should the coin sell at auction. I'm sure his friend will receive much, much more than if his buddy had simply dumped the lot at a local B&M.

okracer

Another congrats!

As a S-48 owner, I was excited to see this story develope for shasta7 !!!

Read the CoinWorld article!

crypto79

Bump as this is a better read than bashing Laura or extra finger DDO's, well maybe not the extra finger bashing

19Lyds

Here it is!

Right here all the time!

I wonder why I couldn't find it??

DonWillis

I don't know what happened but it is back.

shasta7

<< <i>I don't know what happened but it is back. >>



Thank you Don for getting it back!! :-)
shasta7

kranky

Read the article today. Congrats and a very cool story!

ClosedLoop

Great story, and good luck....

WoodenJefferson

Kudos

19Lyds

Do I get a finders fee Terry??

shasta7

<< <i>Do I get a finders fee Terry?? >>



Lee... No finders fee... but if you send me all your "Ike Dollars" I will put them in a safe place for you... lol
Seriously, Thanks for helping to get the thread of the 1794 Starred Rev back up... :-)

shasta7

Casman

Wow!!! Congrats!!! A once in a lifetime find and definately the post of the year

ArizonaJack

Fantastic !!!!!!!!

Oh, forgot.......YOU SUCK !!!!!!!!!!!!!!!!!


Edit: You now have official you suck status, from another you suck recipient :-) Post it to your sigline.......

coindeuce

shasta7

Hi everyone... it has been awhile since I posted regarding the "1794 Large Cent Starred Rev"...

We decided to let it go to auction... it will go to the "Heritage Auction" - F.U.N. show in Jan... I believe the dates are Jan 6-9...
at the Tampa Convention Center

The person a consigned the coin with said the coin will be sold during what they call "Platinum Night"... these are
for coins valued at 10K or more...

For those who are reading this topic for the first time... this coin was the featured story on the front page of Coin World.
The issue date was: Sept 13th 2010...

I also wanted to Thank everyone for their help, comments, posts, & congratulations... :-) hopefully it will do well there...

shasta7

Coinosaurus

Even it is doesn't make the 10K guideline it should go in the Platinum section just because it is a cool story. Good luck!

coinkid855

<< <i>Even it is doesn't make the 10K guideline it should go in the Platinum section just because it is a cool story. Good luck! >>



I'm pretty confident it will go for well over 10k. Check THIS one out that sold at David Lawrence!



-Paul

pakasmom

I agree with Paul. I don't think it will have a problem hitting 10K.

Baley

Congrats on, as the coinworld headline says, buying such a rare, popular, famous, and expensive coin for only $25!

It still amazes and baffles, that the owner of a 1794 cent wouldn't consult, well, just about ANY price guide, see the values of the "starred rev.", and checking to see if it had any stars,
before selling for such a low amount!

You had amazing good fortune to be in the right place at the right time to be able to captitalize on such an opportunity!

Swampboy

<< <i>Wow!!! Congrats!!! A once in a lifetime find and definately the post of the year >>



I will second the POTY nomination Casman and I'll add my congrats to shasta7.
Best of luck with the auction.

shasta7

<< <i>Congrats on, as the coinworld headline says, buying such a rare, popular, famous, and expensive coin for only $25!

It still amazes and baffles, that the owner of a 1794 cent wouldn't consult, well, just about ANY price guide, see the values of the "starred rev.", and checking to see if it had any stars,
before selling for such a low amount!

You had amazing good fortune to be in the right place at the right time to be able to captitalize on such an opportunity! >>



Baley... your comment is reasonable but you need to understand the person who owned the coin passed away... the family the collection was left with were not collectors... they contacted me as we been friends for many years & they knew I was a coin collector.

They did take some of the collection to a few coin dealers but was just checking to see what they were offered... as they told me they were not happy what they were told. (I do not know if one of the coins they took was the 1794 Lg Cent)... that is when they contacted me... the rest as they say is history!! Coin World article explains that the family will NOT be left out... as once the coin is sold at auction they will be getting 50%... which is the only fair thing an honest person should do. Hope this now helps you better understand.

Lastly, the 1794 Lg Cent Starred Rev is now listed/cataloged on the Heritage WebSite... was told it will be available for bids early-Dec...

shasta7

toyz4geo

I read the article in Coin World....it was a freebie with a subscription offer. It was neat to get on the boards and see that this had already been discussed in detail on the forum. I read all 7 pages. Great story and a great end to the story.
I hope the auction goes well for you.

BaseballAbs

Great story, great find, It's great to hear a story like this.

shasta7

It has been a while since there was an update so I thought I'd give one...

"1794 Starred Reverse Large Cent Coin" will be sold at the "2011 January Tampa FUN Signature & Platinum Night US Coin Auction"
It will be sold by Heritage Auctions... it is one of the featured coins of their auction... I was told that it will be sold during
"Platinum Night". You can see the coin at the Heritage website... they will also have internet bids starting mid -dec...

Thought it would be interesting & allow members to have a little fun to chime in to give their input...

Question for everyone... "What do you think the coin will finally sell for?

Thanks,
shasta7

jmski52

I didn't realize that there was a thread here on the story that I read about in Coin World! Terrific find! Good Luck at the sale!

19Lyds

<< <i>Question for everyone... "What do you think the coin will finally sell for?

Thanks,
shasta7 >>



$1.59 with a $13,000 buyers fee to the seller.

19Lyds

Nice write up Terry! You should do very well.

BaseballAbs

I would say about PCGS price quide in a problem free holder. In a Genuine holder I'm going to guess about $8900

WoodenJefferson

"What do you think the coin will finally sell for?

$15,225.00

shasta7

<< <i>

<< <i>Question for everyone... "What do you think the coin will finally sell for?

Thanks,
shasta7 >>



$1.59 with a $13,000 buyers fee to the seller. >>



Lee... this is funny!! Thanks for your input... :-)

shasta7

Thank you... WoodenJefferson, BaseballAbs, Lee... for your quess & input.

(If anyone else wants to quess feel free... :-)

The 1794 Lg Cent Starred Rev will be sold at 2011 F.U.N. show auction in Jan... the coin will be listed
on the Heritage Site for internet bidding starting Dec 17th... & will be sold "Platinum Night"...

shasta7

mdwoods

The starred cent was the find of a lifetime. I hope it does well in auction.

gonzer

Great thread and best of luck to you Terry.

shasta7

<< <i>The starred cent was the find of a lifetime. I hope it does well in auction. >>



mdwoods... YES it was & I too am hoping it will do well at the HA auction... I do believe it will as the coin is NOT
just a rare coin... but the coin itself has alot of eye appeal & looks great for this type of coin. Most of these coins
that exist are not in very good shape. I was told my coin even with the die flaws is in incredible condition, which
I also agree... :-)

Thanks gonzer for your comment... :-)

shasta7