Large cent question.
COINS MAKE CENTS
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I am looking at a 1798 large cent. It has nice details like high vf maybe even low xf. The problem is it has a lot of pitting issues. How many grades do y'all normally knock a coin back for bad pitting?
Thanks for The help
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Comments
That's a toughie. EAC grading adjusts for problems, but it's all over the map. I've seen low XF knocked all the way down to G/VG if it's bad enough.
Pictures added
HAPPY COLLECTING
Agree with shorecoll - w/o seeing it, I wouldn't hazard a guess.
Frankly unless it's real cheap, or you really need this particular coin, based on your description I'd pass and look for a lower grade specimen with better surfaces. There are many '98 large cents around. Now if it was a '99, or a chain cent, that's another matter.
Now with the photos added, I agree it has XF details, estimate net G+.....as much as I love most any large cents, I'd have trouble buying that one unless it were at least an R5 Sheldon variety and cheap. I'm too tired to research it tonight, but I'm sure someone on the forum will come along and check it. Assuming it's Second Hair style, the chance of it being a rare variety are slim.
3 on that one!
I've posted pictures now any idea how to grade it based on the issues should it be priced a fine? Vg? Good?
HAPPY COLLECTING
Take a look at a bunch of others, in various grades and consider the asking prices, look at as many as you can.... then try to make a judgement as to what your example would fetch.... that's not a real scientific way, but you will most likely find it to be pretty reliable. A good place to start is in Ebay completed sales. My preference is to have the best surfaces for the amount of detail, and not the other way around. But that's just me. Collect what YOU LIKE.
Avoid that one.
I would also avoid it, but if I really wanted it, it would be for no more than G money.
There comes a point when a coin is so damaged there's really no way to EAC net grade it. This is one of those. Unless the coin is an R5 or better, it has very little value. I don't think my good friend Jim Long would take offense if I noted that this is the kind of coin you'd find in one of his "Pick @ $XX" boxes. It's they type of piece EACer's would buy for a few bucks and donate to Mike Packard to make "sinkers" for EAC Convention attendees.
Plenty.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I agree with the others. My net grade would be Good. I would not want this piece.
I think that it is genuine, but there is an outside chance that it is not. The Chinese have learned the trick of making a piece and then damaging it and putting a layer of AT on it to help it pass as a genuine coin with problems. That probably is not the case here, but I could see it as a possibility. A couple of those items got through the grading services and ended up in holders as “details grade” pieces. You should bear this in mind when you are looking at damaged early copper.
Definitely not a coin I would buy as an investment.... Although, if the price were right (G or below) I may pick it up as a keeper from that period of history.....Cheers, RickO