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MS70 Large Cent
ilikemonsters
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Where is the MS70 1820 ex-Naftzger large cent today?
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It's in my pocket right now. It was too nice to leave entombed in plastic so I cracked it out and made it my pocket piece.
Didn't know such a piece existed. Wow.
He called many coins MS70 RD. The most famous example-the 1852 MS66RD that sold for nearly $100,000.00 in Pogue is now in major CA Type set.
If he called it an MS70-the coin was one of the very best. The Naftzger name means quality.
Oh my.
There was only one link on Google about this and it was for here.
MS70 1820 ex-Naftzger large cent
Here are the images included in the informative CU thread regarding the coin. They're showing as blocked photo bucket or something.
https://forums.collectors.com/discussion/943049/would-you-like-to-see-a-large-cent-in-ms-70
I was able to find the damaged link image of the envelope too. Hopefully it'll make it easier for people to find this piece and stuff on it.
I wanna get my hands on the book.
I hope this posts OK with all the image issues I've been having. Should be 99% fixed.
@BillJones said:
Here it is!
Before you get too excited this 1820 large cent was graded MS-70 back in the days before the Sheldon scale was applied to anything beyond large cents. Of all the numbers in the Sheldon scale MS-70 is the only number that denotes a lesser coin then than it does now. The "70" number referred to market value, which was equal to the basal value (barely identifiable as to the die variety, but not damaged) times the grading number. In Sheldon's system an MS-70 coin was worth 70 times the basal value, which was the highest score, at least at first.
Later Sheldon tried to keep his system alive by multiplying the basal value X grade point by a factor of three or four for pieces in the condition census. (The finest know examples for a given variety.). The Sheldon system never worked over the long haul, and is now only used for numerical grading.
This coin came from the Naftzger Collection. Nafrzger collected the best of the best, and this was one of the best 1820 N-13 that he had seen. This is a Randal Hoard variety, and it is quite common on Mint State, BUT most 1820 N-13's don't look like this piece. Nafrzger noted that on the envelope. The 1820 N-13 is the most common Randal Hoard coin.
This was another of my EAC convention purchases. I'm dipping my feet into the large cent market to see if I might get interested in forming large cent date collection.
PCGS only graded this piece MS-65, R&B. It is R&B, but the grade is higher than 65. In the same deal I bought an 1817 large cent in MS-66 that is not as nice.
Here is the Naftzger envelope.
Very interesting !!!
PCGS graded this coin MS-65, R&B. I think that is on the conservative side, but it was actually good for me. If it had been graded any higher, I would not have paid the huge premiums that come with "finest known" grades. There are so many of these coins known in Mint State that any claim to "finest known" status is only conjecture.
Here are some larger photos of the coin in question.
It is amazing to see a copper coin almost 200 years old in RB condition.... Good storage certainly can prevent tarnish. Cheers, RickO
Is it yours?
Yes.
That's an amazing example of a Randall Hoard cent, Bill, and I agree 65 RB is the perfect grade (to buy it).
I don't normally collect UNC Classic coinage, but this one is would definitely be cause for consideration...if my "slush fund" could warrant it.
Here is a somewhat close contender for a potential runner-up;
http://www.eyeappealingcoins.com/1820-1c-large-date-coronet-head-cent-pcgs-ogh-ms65rb-cac.html
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