Bust Half Help or Advice

Cacoinguy

Hey Guys , picked up an 1827 bust half graded by Anacs VF30 and attributed as an o124a. The shop I bought it from said he could care less about varieties and sold it to me for the price of a standard 1827. Heres my questions - is this something that should be crossed to PCGS plastic? Any ideas on value? I am not a bust half collector so any information would help. I havent found much on the web

astrorat

Keep buying Bust halves from that dealer ... he/she leaves a lot of money on the table.

PCGS plastic would benefit the coin along with the Overton designation, IMO. The coin is an R5+, which is quite a rare variety.

Nice pickup.

Cacoinguy

He is more of a gold and silver guy than a coin dealer but I was pleasantly surprised. Coin is attributed by Anacs of the label.

astrorat

Originally posted by: Cacoinguy
He is more of a gold and silver guy than a coin dealer but I was pleasantly surprised. Coin is attributed by Anacs of the label.

Attributed on the label and he charged the same amount? That's laughably lazy. Google and a minute of time would have yielded him valuable information. I can certainly understand a PM merchant not attributing a coin ... but to ignore the label? Good for you, at least!

lkeigwin

OMG. What a dope!



Past auctions for high VF O.124a are in the $2k - $2.5k range (PCGS plastic). But that covers a lot of years. The O.124 obviously doesn't come up very often.



PCGS's price guide calls a VF30 $2500.



If you want to maximize your profit, absolutely cross it to PCGS and get it attributed.



Can we see pictures of the coin?

Lance.

opportunity

Is this even a real story? I see dealers overlook stuff all the time, but to have the variety right there printed on the holder?

Cacoinguy

Lance , would love to post a pic , can i email it to you to post im computer illiterate.

lkeigwin

Sure. Address is in my profile. Click on the icon in the upper right (with the exclamation point).

Lance.

yosclimber

Cacoinguy,
This site has rarity ratings, price guide, etc.:
http://www.busthalfprices.com/cbrr.php

Cacoinguy

Thanks for the site bud , pictures sent to Lance to post

BustHalfBrian

That's a tough coin! It's worth upwards of 10x what a common 1827 trades for in that condition. The market prefers these in PCGS holders, so as others have said, I'd cross it if possible, even if it means sacrificing 1 grade level. But not 2.

Congrats on a great buy! Keep this dealer friend close.

OKbustchaser

Not to pour cold water on everything, but AT LEAST 1 out of every 10 ANACS Overton attributions that I see are wrong. I'd wait on Lance's attribution after he sees the pics before I celebrated too much.







By the way, PCGS is almost as bad on Overtons and NGC is even worse so I'm not singling out ANACS here. NEVER depend on a TGP for an attribution. Check with one of the experts in that particular series.

Cacoinguy

Lance saw the photos and verified it was indeed the o124a...thanks again for everyones help

lkeigwin

Not the clearest pix, but good enough to attribute. VF30 feels a little generous.

Lance.

BustHalfBrian

Looks about average for the grade. I like the color; it looks original (uncleaned). It's a $1000 bill, IMHO, and I don't mean the large denom note.

amwldcoin

I'm posting this in the defense of the grade assigned! Am I out of line with the asking price?

hchcoin

Cool

BustHalfBrian

Originally posted by: amwldcoin
I'm posting this in the defense of the grade assigned! Am I out of line with the asking price?

An NGC XF45 sold for $1880 last year, and that was an attractive coin (I remember because I almost bid on it). When you consider that your coin has problems and, quite frankly, appears to be over-graded, I'd value it at less than half of what you're asking on eBay.

amwldcoin

Originally posted by: BustHalfBrian

Originally posted by: amwldcoin

I'm posting this in the defense of the grade assigned! Am I out of line with the asking price?

An NGC XF45 sold for $1880 last year, and that was an attractive coin (I remember because I almost bid on it). When you consider that your coin has problems and, quite frankly, appears to be over-graded, I'd value it at less than half of what you're asking on eBay.

I guess PCGS priceguide is way off on this one! It is $5000.00 in XF40!

astrorat

Originally posted by: amwldcoin

Originally posted by: BustHalfBrian

Originally posted by: amwldcoin
I'm posting this in the defense of the grade assigned! Am I out of line with the asking price?

An NGC XF45 sold for $1880 last year, and that was an attractive coin (I remember because I almost bid on it). When you consider that your coin has problems and, quite frankly, appears to be over-graded, I'd value it at less than half of what you're asking on eBay.

I guess PCGS priceguide is way off on this one! It is $5000.00 in XF40!

Yes, it is. Retail for an EF should be in the $2000-$2500 range. Considering the paucity of public sales of this R5+, it would be interesting to learn how a $5000 price was established for an EF-40.

I think the OP's coin is graded properly and I agree with Brian, it's about a $1000 coin at retail.

The coin is really an R5 and not R5+ (which will soften the price more). R5+ coins have an estimated 31-46 known and R5 coins are at 47-63 known. The latest BHNC census puts it at R5 and not R5+. Regardless, it's a difficult coin to find.