value guesses on 1793 1/2 cent plancet

kingcoin1

http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=3202

Really curious as it is going to Be in the ANA auction according to Stacks

tradedollarnut

IMO, $30-50k

MsMorrisine

link

I'll take the under.

$20k-30k


why? as an error it is in a special category. I wonder how many will fight over it.

STONE

<< <i>why? As an error it is in a special category. I wonder how many will fight over it. >>



It is an error...
...but it is also EAC and 1793 - so that will bring BIGGER bucks.

I don't think it will go over $40k though

Broadstruck

When I saw the original post I felt it was a $5K+/- item and even at that price 98.6% of the EAC collectors would have an issue with the price.

jonathanb

Broadstruck's guess is reasonable. I'm going to stick with the $10,000 that I suggested in the other thread.

BillJones

I'd say it's worth $10,000 or so, but it would not be for me. When I buy a coin I want something more than a planchet with edge lettering. It would have darn cheap for me to buy, like a couple thousand.

MidLifeCrisis

I'm guessing $10K-$20K...but I have no interest in buying it at any price.

Sonorandesertrat

Ca. $10-15K, not $40K. Early copper errors are avidly collected. However, there are far fewer collectors of half cents than large cents, so I think that the hammer price will reflect this.

Broadstruck

<< <i>Ca. $10-15K, not $40K. Early copper errors are avidly collected. However, there are far fewer collectors of half cents than large cents, so I think that the hammer price will reflect this. >>



There's also far less half cent errors then large cents errors.

Still no matter how neat it's like looking at a blank canvas that artist just signed on the edge of the frame.

Blank planchet error collectors are quite frugal as are most of the EAC crowd.

Coinsponge

I am not an errors collector but to me enjoying the look of a coin is a big part of what gives it value. With a planchet it is hard to find that but still I know that others see things differently. I would guess 5k unless you had a room full of error collectors with some money.

messydesk

I'm thinking $20-25K. I did find a late date half cent unstruck planchet in the Heritage archives that brought $1800 a few years ago, but nothing else, so this isn't exactly the most useful piece of data. The edge has the look of an AU coin, but then why shouldn't it? Nobody's going to have much luck spending it. It's hard to call whether being unstruck will be a liability for this coin, a bonus, or some combination of both. When you pay $25000 for a 1793 half cent, you really want to have something to look at on the coin other than just the edge. There is support for big premiums on EAC errors, but that's on coins that when normally struck bring orders of magnitude less money than an AU 1793 half cent. Looking at Heritage again, there's a 1798 cent brockage reverse in AU that sold for $27K a few years ago, and several lower grade large cent brockages in the $2K-5K range, which tells me that buyers of EAC errors will pony up for best-in-class errors. The unstruck half cent is almost on the same level of cool as the cent brockage, but I'm thinking that two dates are better than none, and the half cent doesn't make it past $25K.

I am most likely wrong, of course.

CoinRaritiesOnline

33K. I will say that I would have guessed waaaaay less before the days of the pronged holder.

Coinsponge

Just amazes me that something like this survived all those years.

Baley

Very esoteric item, even for a coin. I'll guess 14k but really have no idea. Resale value aside, not worth more than a couple hundred dollars to me.

TwoSides2aCoin

In this case, provenance would make a huge difference. Still, it is what it is and will likely go for a price beyond expectations. They usually do.

rays

Its kinda neat but I wouldn't pay more than $500 for it.

How much others would pay, difficult to say.

TPRC

Gut reaction is that everyone so far is low on the estimate. It is a one of a kind piece and it's a 1793. I would guess 50k+...but not my 50k.

kookoox10

I'm on board with a conservative estimate in the $20k-30k range. I'm sure there aren't too many blanks that can be sourced to this date. Thank goodness for edge lettering huh?

Billet7

I would like to guess $50,000.01 please Bob. Actually I guess it's Drew Carey now.

L1ncolnF4n

I truly feel it could go 6 figures if the right people get into a war on it. The coin is just awesome.

Bochiman

<< <i>Its kinda neat but I wouldn't pay more than $500 for it.

How much others would pay, difficult to say. >>



I thought about it when I saw the other thread earlier this week as well. I put the same type of "what would I pay?" valuation on it.
For me, it is cool enough to pay ~$500 for. That said, I think some others with deeper pockets would pay 5 figures. If 2 of them went at it, then I could see $20k+.

renomedphys

$12500. I would pay that.

rays

<< <i>$12500. I would pay that. >>



Why?

I thought the only half cent error collector sold.

Billet7

I paid near a grand for my "almost smooth PO1 1793" I figure it's gotta be worth at least that!

kingcoin1

I suspect high 5 digits would only hit
6 digits if 2 or more have to have thev ONLY ONE imho.

DeliaBug

Just look at the plate on p119 of Stewart's book… Just because it's the first one certified doesn't mean its unique. What happens when someone sends in the birch planchets, or the silver center ones, etc.

If the buyer knows about the rest, $8-$12k. If the buyer never read that book, I can see someone going to $40-$50k.

TwoSides2aCoin

<< <i>Just look at the plate on p119 of Stewart's book… Just because it's the first one certified doesn't mean its unique. What happens when someone sends in the birch planchets, or the silver center ones, etc.

If the buyer knows about the rest, $8-$12k. If the buyer never read that book, I can see someone going to $40-$50k. >>



My first post about reaching higher than expected is based, in part, on this quote:

"It is truly amazing that even after 220 years 'previously unknown' errors such as this lettered edge planchet still surface.
~Dave Camire, Numismatic Conservation Services® (NCS®) President and Mint Error specialist~

Hence, I also think we have a large brotherhood of collectors outside of CONUS (the continental United States), who lick their chops with our "cheapness". They just know what's what. Some have way more money that some of our biggest collectors here have , but are not willing to pony up for with the economy as it is.... Just a guess, though. I know nothing.

SullivanNumismatics

I think it's a very special error, with great appeal to both error collectors as well as people who just like "normal" coins. I'm guessing it'll sell for $15,000-$20,000

renomedphys

<< <i>

<< <i>$12500. I would pay that. >>



Why?

I thought the only half cent error collector sold. >>


Well, I would pay that because I think it's awesome. And I'll bet that somebody else out there thinks it's even more awesome.

Isn't that why we buy coins in the first place?

kingcoin1

true enough!

seanq

Was this coin ever auctioned off, and if so what was the price realized?


Sean Reynolds

kingcoin1

it will be in ANA New Orleans next month,

kingcoin1

up to $9800 now