Options
1786 New Jersey copper sold for $12,100 on eBay
jonathanb
Posts: 3,421 ✭✭✭✭✭
A 1986 New Jersey copper just sold on eBay for over $12,000, with a third-place bidder over $8,000 and a fourth-place bidder over $5,000. While that price might not be noteworthy at a major auction, it's definitely unusual on eBay.
Could someone who knows about Colonials fill in the rest of us what's special about this one? I have the Whitman book, and I can't place the variety. I see that there's a 10-oo that's listed as unique and unpictured. Is this a second example? A new variety? Something else?
Could someone who knows about Colonials fill in the rest of us what's special about this one? I have the Whitman book, and I can't place the variety. I see that there's a 10-oo that's listed as unique and unpictured. Is this a second example? A new variety? Something else?
0
Comments
i wondered if it was a new "wm?" over the plow selling way too cheap but doesnt appear so.
outside that, i dont have the jersey book.
.
The eBay coin appears to be very similar to a Maris 12-I that Heritage sold in XF40 for $22,325 in 2014.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
That's not too far from me, apparently he wasn't aware either, nor would I have been.
jim
I believe 2010 was the last time any decent examples of this variety were offered, one of which I bought and sold to a customer privately and one which was in a Stacks auction that was purchased by another well known collector.
I know of at least three major collectors who do not own this variety, and as such I assume they strongly competed against each other to get it. I did talk to the winning bidder tonight and he is quite happy to add this tough coin to his set.
The impressive price comes from the fact that while not as rare as it once was, there has not really been any examples that have come to market in the past 8-10 years. As such, many collectors who started collecting NJs after 2010 have not had the chance to acquire this variety.
Have a lot of people actually started collecting NJ's in recent years? Serious question. I wouldn't know.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Bet the shipping costs more than the $2.45 they have in the listing.
No you can ship a small parcel USPS 1st Class for $2.45.
New Jersey Coppers
The impressive price comes from the fact that while not as rare as it once was, there has not really been any examples that have come to market in the past 8-10 years. As such, many collectors who started collecting NJs after 2010 have not had the chance to acquire this variety.
Have a lot of people actually started collecting NJ's in recent years? Serious question. I wouldn't know.
Yes, I would say so. The group of auctions that occurred from 2009-2012 containing larger collections in mostly collector grade allowed some scarcer varieties to sell very reasonably . As such, it seems that a new group of collectors came about all around the same time.
There are probably 5-6 collections that were started in 2010-2013 that now contain 70-90+ varieties.
the Craige and Newman sales helped push some of these collections into the advanced collector circle. Not quite the same as the large influx of colonial collectors that we saw in the early to mid 1990s but NJ varieties especially have been quite hot with many new faces participating.
Did someone with the initials MD buy the coin?
He did not. He has a nice VF.
n.e.r.
is that the serpent head?
.
.
n.e.r.
is that the serpent head?
.
Its is not the serpent head type. The serpent head is the Maris 54-k. This piece, the Maris 10-G is part of the "no coulter" family and is dated a year earlier than the serpent head.
Though I can see where someone might think that the 10-G head style is similar to the serpent head style. Some have thought that the serpent head is a contemporary counterfeit (which is most likely true based on the average weight of the coin versus what came out of the mint during the era). As such, they may have tried to copy some of the earlier NJ varieties, which do seem to have longer necks.
The picture below is the serpent head variety.