How much is a 1795 S-79 Reeded Edge, Reeded-less edge cent worth?

rays

This S-79 in the Heritage Sale Orlando but sans reeded edge in a PCGS FR-2 holder.

There are 9 S-79 specimens known. The PCGS price guide lists $250,000 for an AG-3.

GoldClause

$79,000

BillJones

I don't collect these coins by die variety, but $250,000 for an AG-3 sounds WAY too high for this even if there are only nine examples known.

It is my opinion that the only guys looking for one of these pieces would be one of the very few collectors who are looking to complete a Sheldon variety set. That's been done by fewer than ten collectors so far in recored history.

rays

The finest known S-79 (in a PCGS VG-10 holder) sold recently at auction for over $1,200,000.

rays

My curiosity about this coin is this: Is the value from being an S-79, or is it from being a 1795 Reeded Edge? Because the coin is apparently unique in being the former but not the latter.

LanceNewmanOCC

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thanks for the link

added another example (image) to my database
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BillJones

<< <i>My curiosity about this coin is this: Is the value from being an S-79, or is it from being a 1795 Reeded Edge? Because the coin is apparently unique in being the former but not the latter. >>



Yes, but in that condition who's to say the reeding wasn't worn or beaten off the piece? Looking at the one on the Holmes collection, which is the one that sold for the million+ dollars, I beleive, the reeding is not exactly "lusty." It's the type of thing that might have been there at one time, but no longer.

LanceNewmanOCC

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the s-79 is a reeded edge hypothesized to be an experimental/trial run

there was also good reason in the early days to add reeding/lettering etc to the edge of coins

even though the description lists the example as having no reeding visible, the coin is quote "Without doubt a genuine S-79 cent"

as the obv/rev diagnostics match all known s-79/b-9/j-20/p-29 reeded edge cent diagnostics (minus the reeding)
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for such a rarity with so many variables at auction, a coin like this cannot have appropriate value estimates assigned

because of the obvious variables. anyone studying enough auction results of the same types of items will see staggering variabilities

within the hammer prices as well as private treaties. i have studied examples where there are hundreds of percent difference in the actual prices paid.
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if you want to know about how to assign "financial value" to anything, i highly recommend watching Breen talk about watching Sheldon try to create a

even semi reliable formula for the estimation of large cent values and how it nearly consumed him as the variables were just simply too great
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in my opinion a piece like this can easily go for $50k to $500k regardless of previous results
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if you want to see variable auction results at their best, research art auctions
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Walkerguy21D

The way specialty early copper cents have been selling at auction recently, nothing would surprise me. All you need are a couple collectors with deep pockets and it's off to the races.

rays

It sold for $74,750

seanq

<< <i>$79,000 >>




Nice call, GoldClause, this was one heck of a guess.


Sean Reynolds

Peacemonkey

<< <i>

<< <i>$79,000 >>




Nice call, GoldClause, this was one heck of a guess.


Sean Reynolds >>



Or maybe that was his high bid