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This made my day. . .

coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
A steady customer walks in this morning and asks for a variety confirmation on his coin. A raw, beautiful chocolate brown 1830 medium letters reverse large cent. Every bit an XF, even by EAC standards. He bought it from a country auction house, where it was attributed by the consignor as Large Letters reverse. image

"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com

Comments

  • jtlee321jtlee321 Posts: 2,365 ✭✭✭✭✭
  • FlatwoodsFlatwoods Posts: 4,246 ✭✭✭✭✭
    I bet it made his day too.
  • WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    So...for a non-collector of early American cents, what exactly does all this mean?
    Chat Board Lingo

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  • SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭
    Originally posted by: WoodenJefferson
    So...for a non-collector of early American cents, what exactly does all this mean?


    Without pics or other information, my guess is that the buyer 'saved' about $3-5K (depends on the technical grade and how choice the coin is for the grade).

    Member: EAC, NBS, C4, CWTS, ANA

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  • oih82w8oih82w8 Posts: 12,511 ✭✭✭✭✭
    Not real familiar with Large Cent Varieties...(looked up in coinfacts) but WHOA! Talk about a leap in value!



    Ron Guth: The 1830 Medium Letters Large Cent is a very scarce variety. Sometimes called the Small Letters Reverse, this variety has reverse lettering that is slightly smaller than that of the Large Letters variety (the attribution illustration above is very useful in telling the two varieties apart). Because this is a "Redbook" variety and the supply is low, prices tend to be higher than normal because of intense collector demand. Most collectors will have to settle for a circulated example because only one Mint State example exists and, it is a beauty -- PCGS MS67BN with traces of red in the protected areas. That particular coin came out of Florida in 1979, went into Ted Naftzger's collection, then was sold in a 2009 Goldbergs auction for a whopping $57,500. Proof enough that it pays to attribute your coins.



    http://www.pcgscoinfacts.com/Coin/Detail/1675
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  • johnny9434johnny9434 Posts: 29,065 ✭✭✭✭✭
    nice score for sure.

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