Calling all Trade Dollar enthusiasts, Nuts, Cryptos and otherwise: 1876 Type 2/2 newp (***Grade post

mbogoman

So, this popped up on Ebay Monday afternoon, unattributed of course, as a Buy it Now or Best Offer. I could scarcely believe my eyes when I saw the downward pointing ribbon tips. I quickly looked at the reverse and… no mint mark!!! After about a minute of doubting what I was seeing (Holy cow! Am I really seeing what I think I’m seeing?!?), I pulled the trigger for the full BIN price. I didn’t want to mess with waiting for a reply to an offer and have someone else snag it from under me. I tracked its progress through the mail like an obsessive-compulsive on multiple double-espressos. It arrived today and looks a little less colorful than the seller’s photos (below). It's been cleaned and has re-toned lightly around the periphery with more of the “dull silver” color of a cleaned coin near the centers. As far as I can tell, it’s a business strike, but I’ll defer to the experts.

How rare is 1876 Type II/II? From what I’ve been able to discern (auction records, etc), there aren’t a lot of them around. I never thought I would catch one of these!

What do you think?

Edit to add: One more question – there are so few comps, what should I put for value on the submission form?

Edit 3/10/15: Grade just posted, XF Details, Cleaned, Trueview image below. That's just what I was hoping for and expecting!

stealer

First off, congrats!

I'm sorry I missed that coin. It's very nice genuine AU BS and should straight grade as a 53 unless the cleaning is worse than the pictures betray.

For rarity they are more common than the 75P 1/1. I think 7 or 8 76P 2/2 have cropped up on ebay or other auction sites in the past 2 years so they aren't prohibitively rare, but most of the times they are ugly and lower grade.

Edit: I just saw that you said it was whizzed. I wouldn't have guessed based on those images, I need to get my eyes checked. To me that would be a $500-$700 coin.

Unknown

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DIMEMAN

Nice looking Trade Dollar.....and a nice find.

mbogoman

Like I alluded to before, the seller's pics are slightly juiced as the coin does not exhibit that much color. The fields are finely hairlined, so the surfaces have without a doubt been messed with. It will not straight grade, that's for sure. Whether it gets in a 92 or a 94 slab, I don't know, but I aim to find out!

DDR

First of all congratulations!!!

I think the 76 II/II is more rare than the 75-P I/I.

It's tough to tell from the picture, but I don't think that coin was whizzed. Cleaned, even harshly cleaned maybe, but not whizzed.

Again, congrats on a great pick-up.

stealer

<< <i>First of all congratulations!!!

I think the 76 II/II is more rare than the 75-P I/I.

It's tough to tell from the picture, but I don't think that coin was whizzed. Cleaned, even harshly cleaned maybe, but not whizzed.

Again, congrats on a great pick-up. >>


Sorry but I'll have to disagree. The 1/1 is at least twice as rare as the 2/2 in all grades. That's just my experience though.

mbogoman

Upon further examination, it's definitely been cleaned. Should end up in a 92 slab, XF or AU details. The reverse clearly has AU details, the obverse more XF-AU - the head area is lacking what I would call AU detail...

coindeuce

Welcome to the club mbogoman. You've seen my coin here before - I think yours is definitely superior to mine.
There are no more than 15, maybe 20 examples of 1876 II/II known. And FWIW, I think you need to declare at least $1500 value on your submission form.

OGDan

I can confirm that's the real deal. Congrats.

kaz

Congrats! DEspite the cleaning not a bad looking coin at all, and rare rare rare! How cool to cherry one on the Bay, it still happens!

EVillageProwler

That's a handsome coin for what it is. Congrats.

My suggestion is not to slab it now but put it into a paper flip and stick it in your pocket and walk around with it for a year. Or, forego the paper flip and just carry it au naturelle.

EVP

crypto79

<< <i>Welcome to the club mbogoman. You've seen my coin here before - I think yours is definitely superior to mine.
There are no more than 15, maybe 20 examples of 1876 II/II known. And FWIW, I think you need to declare at least $1500 value on your submission form. >>



15-20 is a little low and I would guess 40-50 with 4-5 UNCs. That is an amazing find and looks like it has a shot at straight grading in the XF range. Even if it doesn't it still is one of the better ones I have seen.

coindeuce

"15-20 is a little low and I would guess 40-50 with 4-5 UNCs"

Really ? Do you have some hard data to affirm that? I understand if the actual log of examples is proprietary, but I'm curious as to how you arrive at this conclusion.

crypto79

<< <i>"15-20 is a little low and I would guess 40-50 with 4-5 UNCs"

Really ? Do you have some hard data to affirm that? I understand if the actual log of examples is proprietary, but I'm curious as to how you arrive at this conclusion. >>



Well Keoj is working on a log for his book but I know of about 20 examples first hand. There has to be more than just the ones I have seen.

coindeuce

Thanks John. I'll certainly get in line for Keoj's book.

ricko

Really nice catch...... congratulations....Cheers, RickO

crypto79

I literally looked for years and never found one. I would have been totally happy with that example, clearly a BS and Looks to have AU details (they were struck without much head, star and foot detail) with XF Surfaces.

Mainebill

Great find those are rare. I don't have one myself It does look cleaned but I'd call it au details .92 I like the idea of putting it in a Manila envelope for a couple years too and letting it tone a bit more.

crypto79

<< <i>Welcome to the club mbogoman. You've seen my coin here before - I think yours is definitely superior to mine.
There are no more than 15, maybe 20 examples of 1876 II/II known. And FWIW, I think you need to declare at least $1500 value on your submission form. >>



I agree with the 1500$ value

coindeuce

For comparison, this is the example I found last summer. The dark streaks on the coin were harshly critiqued when I originally posted this here, but an in hand exam by a much more advanced numismatist in November revealed that these were the result of iron impurity in the planchet.

mbogoman

Grade posted today - XF Details, cleaned. It's a keeper!

kaz

Congrats again on a rare find!

Christos

Late to the thread and just wanted to say congratulations on this find. The last couple months has been bussy around here with new varieties and rare finds such as yours, way to go, very neat and I agree it's a keeper.