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An Indian Head Cent question.
keets
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The IHC is a convenient coin for a broader question, but would you buy a coin/variety where you couldn't really see what you were buying the coin for?? With the Cent in question, would you buy an 1864 L Indian Head Cent in a grade which didn't show the initial??
Al H.
Al H.
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BHNC #203
The IHC is a convenient coin for a broader question, but would you buy a coin/variety where you couldn't really see what you were buying the coin for?? With the Cent in question, would you buy an 1864 L Indian Head Cent in a grade which didn't show the initial??
Al H.
My short answer is, "No." I know that you can tell by the shape of the bust, but if the "L" is the distinguishing mark, I want to see it, even if it is weak.
It's like buying a 1916 Standing Liberty Quarter with no date but the right shape for Ms. Liberty's robe. It's like kissing your sister; it's just not sexy.
The IHC is a convenient coin for a broader question, but would you buy a coin/variety where you couldn't really see what you were buying the coin for?? With the Cent in question, would you buy an 1864 L Indian Head Cent in a grade which didn't show the initial??
Al H.
have, am currently and will in the future for many items where the item in hand requires secondary pups to confirm.
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I don't know how much wear it would take to obscure the 'L' as it's somewhat recessed, but I know I've seen it down to coins in VG.
The IHC is a convenient coin for a broader question, but would you buy a coin/variety where you couldn't really see what you were buying the coin for?? With the Cent in question, would you buy an 1864 L Indian Head Cent in a grade which didn't show the initial??
Al H.
NO. Ask Rick at Eagle Eye and he will say no to also. Always see what you are getting.
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
Coin Club Benefit auctions ..... View the Lots
another good example, Bill, and I agree. coins like this might have value and they are what they are, but I sometimes wonder why collectors aren't willing to just pay a little more for better detail.
Paying a little more for better detail certainly seems the way to go, but in cases where a coin with that crucial detail costs a LOT more (as I would imagine to be the case with the 1916 SLQ), then some collectors are willing to compromise to fill the spot. To their minds, it is better to have a "compromise coin" filler than an empty hole.
I have stood on both sides of this divide, personally. There have been some sets I've been willing to accept compromise coins for, and others I haven't.
Collector since 1976. On the CU forums here since 2001.
One variety that comes to mind here is the 1847/(6) half, late die state, where NONE of the underdate is visible. Some people pay a premium for that variety, but I wouldn't pay more than about a 10% premium over a regular date 1847.
An authorized PCGS dealer, and a contributor to the Red Book.
Collectors like to cherry them and don't like paying retail.......the ones I cherried I made money on, the remainder........not so much.
along the same lines:
Charlotte and Dahlonega coins with a 'light' mm
and the 1911-D Quarter Eagle which is also known to come with a light mm
these trade at deep discounts to their well struck counterparts (and rightly so!)
www.brunkauctions.com
OINK
l
It's not having what you want, it's wanting what you've got.
That would be like buying a 55/55 Lincoln with an obliterated obverse just because you can see the die polish on the reverse.
Not for me.....
at the Redbook or other coin pictures. Cheers, RickO