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Really Really Choice 1796 Quarters
mrearlygold
Posts: 17,858 ✭✭✭
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
0
mrearlygold
Posts: 17,858 ✭✭✭
mrearlygold
Posts: 17,858 ✭✭✭
mrearlygold
Posts: 17,858 ✭✭✭
Comments
Tough tough coin.
Too many positive BST transactions with too many members to list.
<< <i>Obvious cleaning on the Obverse but not harsh enough to warrant a details grade. >>
I guess I missed it.
-Paul
<< <i>
<< <i>Obvious cleaning on the Obverse but not harsh enough to warrant a details grade. >>
I guess I missed it.
-Paul >>
Your not alone as I actually like the obverse better then the reverse
It's really a pleasing piece! I wonder if in spite of the tremendous demand for the date as a type, there might be a decent number of high grades around?
I'm trying to recollect, I think in one of Bowers' books, he recounts a tale told (I think) by Kosoff about another dealer he knew who offered him his choice of 1796 quarters from two folios tucked under his arms -- one had a few dozen "frosty" pieces, the other had a few dozen "prooflike".
While it sounds akin to a pipe dream, it was presented factually -- be interesting, if true, to know what became of the coins in that small horde.
<< <i>
<< <i>Obvious cleaning on the Obverse but not harsh enough to warrant a details grade. >>
I guess I missed it.
-Paul >>
I thought it was kinda obvious that all of the area inside the stars and on the portrait is lighter (alot) compared to the rest of the coin. Kind of like lightly taking a pencil eraser to just that area. All of the rest of the coin is toned dark.
It's not ruined, just has been modified a bit.
Too many positive BST transactions with too many members to list.
A welcomed addition to any collection
<< <i>
<< <i>
<< <i>Obvious cleaning on the Obverse but not harsh enough to warrant a details grade. >>
I guess I missed it.
-Paul >>
I thought it was kinda obvious that all of the area inside the stars and on the portrait is lighter (alot) compared to the rest of the coin. Kind of like lightly taking a pencil eraser to just that area. All of the rest of the coin is toned dark.
It's not ruined, just has been modified a bit. >>
I do see what you're saying, but without having the coin in hand I think you might be judging it too harshly. Esp. since 97.5% of all higher grade early bust pieces seem to look this way. From a time when coin cabinets would have been the norm for such pieces, and primarily the obverse would be brushed.
Whatever this coin's sins are so far as cleaning, it probably transcends them.
I would like to know if there's any truth to the "1796 quarters hoard" Kosoff story I remember reading, maybe HRH, Colonel Jessup, others could comment.
<< <i>Whatever this coin's sins are so far as cleaning, it probably transcends them. >>
Oh yeah, I totally agree. I wouldn't kick her out of bed by no means anyday of the week.
That coin is a pipe dream piece to me anyways.
Too many positive BST transactions with too many members to list.
<< <i>
<< <i>Whatever this coin's sins are so far as cleaning, it probably transcends them. >>
Oh yeah, I totally agree. I wouldn't kick her out of bed by no means anyday of the week.
That coin is a pipe dream piece to me anyways. >>
For me too, even at a Fair-2 or AG level. OTOH, there's always the chance of a hit on the lottery! (Probably every collector's dream!)
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
<< <i>I'd rather have a '73-CC W/Arrows quarter any day and twice on Sunday. >>
Yup!
<< <i>I'd rather have a '73-CC W/Arrows quarter any day and twice on Sunday. >>
Coin snob.
Actually the 73-CC may be tougher, but I'd take the 1796 quarter. Ideal scenario: Have a 73-CC 25c to sell, sell said 73-CC to well-heeled collector, buy 1796 example with the proceeds, have $ left over too
Coin Rarities Online
<< <i>I would like to know if there's any truth to the "1796 quarters hoard" Kosoff story I remember reading, maybe HRH, Colonel Jessup, others could comment >>
Is that in reference to the grouping of 100 or so supposed mint state pieces that came from the Col Green estate, after it was dispersed by BG Johnson? James Macallister allegedly bought the group in St Louis from Johnson, and later sold some of the hoard in New York to Abe Kosoff.
But let's hear more details!
<< <i>That's a nice one. Obvious cleaning on the Obverse but not harsh enough to warrant a details grade.
. >>
Right. Don't forget the rim nick that everyone missed as well
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
1796 AU 58
CAC is helpful here in ferreting out the junk, but very, very picky on these, which mean that there
aren't enough CAC'd coins to go around.
The entire series through 1807 is hard to put together in high grades. Even nice 58s are rough.
Mint state, virtually impossible.
The 53 imaged is a nice looking coin. Possibly cleaned long ago, but starting to come back. Nice thing
is that it's a B-1 with a decent head on the eagle. Interesting coin.
As far as the two imaged coins go, I prefer the 53 to the 58.
<< <i>
<< <i>I would like to know if there's any truth to the "1796 quarters hoard" Kosoff story I remember reading, maybe HRH, Colonel Jessup, others could comment >>
Is that in reference to the grouping of 100 or so supposed mint state pieces that came from the Col Green estate, after it was dispersed by BG Johnson? James Macallister allegedly bought the group in St Louis from Johnson, and later sold some of the hoard in New York to Abe Kosoff.
But let's hear more details! >>
That's the one I was thinking of, and it would make sense that it was among Green's holdings at one time -- wouldn't it be something to have seen a contemporary photo taken of them as a group? Oh well, can't go back in time.
I would guess the original hoard must have been stashed away at or shortly after the time of issue and kept together, or at least most
of them, as even if this was a 'favorite' coin or something, he (Green) wouldn't have come across that many individually and amassed
them piece-meal. Who knows, maybe affiliated with the Nichols' hoard of 1796 and 97 large cents
pennies than quarters back then!
I'm pretty sure that's the deal that CJ sold to the Chapman brothers back when they were getting started.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I'm personally not feeling the color on that one. >>
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
I'm not talking about those coins with bad cleaning lines, but just about all these coins have been technically cleaned at some point in their lives. Some get so hung up over the term cleaned.
Common sense needs to trump sometimes.
Beautiful coin Boiler.
Cleaned or not, I like the look of the OP coin.
If it was in a 45 holder I'd keep on cracking and submitting it until it got too much rub.
Uncluttered fields with plenty of lustre for a coin at the 50 level. I can't see cleaning lines, but maybe the obverse fields took on a different texture as the depth of the reverse seems greater. The toning on the reverse, beneath better struck devices, is more worn on the sharper high points. It certainly seems to be backlit by lustre from well-shielded, less vulnerable areas.
Boiler's coin is OK
Stage 2 toning easily removed.
Many coin doctors would like that coin. Based on the spreads and the base value of the investment, it might not make it worthwhile. Dingy 62 worth all that much more than a shiny 58 retail?
<< <i>I like the 53 as a 50. >>
Upon reading that CJ disagrees with CAC, I have to lie down for a while.
Coin Rarities Online
OP coin is interesting as in my initial reaction is I wouldn't like it for what it costs, but sure would like to see it in hand because I might feel differently if I saw some luster.
"Look up, old boy, and see what you get." -William Bonney.
<< <i>I picked this one up at the 2012 FUN show
Magnificent specimen. Congrats!
As a CAC'd coin, there is a single 58, a 64 and yours.
These things are rarer than hen's teeth. Is that the piece that was in the
Bower's '85 sale?
Just thinking out loud.
MusicAL Alan in Massachusetts
Regarding earlycoins question about boiler78's PCGS-63 CAC example that appears on page 2: "Is that the piece that was in the Bower's '85 sale?"
Thought I had seen a similar looking pic before. Ran across the catalog recently and it matches. Below are scans where that coin was on the front and back cover. It sold for $23,100 even though called AU-55 to MS-60. Might have been the highest price of any coin in the auction. In the raw days auction companies sometimes undergraded coins from old collections which made their Prices Realized look stronger and got played up in ads.
A February 6, 1987 Greysheet showed AU bid at $12,500 and MS-63 at $21,500 which was probably about the same as in 1985.
Here is the picture boiler78 posted on page 2:
<< <i>
<< <i>I picked this one up at the 2012 FUN show
Magnificent specimen. Congrats!
As a CAC'd coin, there is a single 58, a 64 and yours.
These things are rarer than hen's teeth. Is that the piece that was in the
Bower's '85 sale? >>
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin