High Grade Indian Cents

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STEWARTBLAYNUMIS
STEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
in U.S. Coin Forum

A report from Long Beach showed
some recently graded
1901 ms 67+ red
1903 ms 67+ red
and (2) 1908 s ms 67 red
And the recently graded 1902 ms 68 red was sold

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  • WaterSport
    WaterSport Posts: 7,064 ✭✭✭✭✭
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    And thats just the beginning. Check back next year on those populations.

    WS

    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
  • Insider2
    Insider2 Posts: 14,452 ✭✭✭✭✭
    edited September 15, 2019 7:45AM
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    @WaterSport said:
    And thats just the beginning. Check back next year on those populations.

    WS

    It was once explained to me that coin grading (increasing value aside) is evolving as the Post-1986 Professional Graders (all ex-coin dealers in the beginning) learn more through experience.

    Perhaps it would have been more useful if the folks who ran the Post-1986 game were the most experienced in the first place. o:)

  • Coin Finder
    Coin Finder Posts: 7,805 ✭✭✭✭✭
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    I think its interesting how a copper coin can stay "red" for 117 years. Congrats to the owner!

    The court jester does not play, but gently pulls the strings…

  • SeattleSlammer
    SeattleSlammer Posts: 10,125 ✭✭✭✭✭
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    At the top of the market is there a hesitancy to fork over the cash for newly slabbed RD examples?.....due to concern about color stability?

  • STEWARTBLAYNUMIS
    STEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
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    Rick - the collector who owns the
    1902 has bigger balls the me.
    I could leave a nuclear bid on an 1877 but not on a 1902

    Trade Dollar Nut - I confers to bad mouthing coins consigned by dealers who are known for taking shots at collectors.
    But you are guilty of raising your
    Own bid to create false prices.

  • Insider2
    Insider2 Posts: 14,452 ✭✭✭✭✭
    edited September 15, 2019 11:28AM
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    @STEWARTBLAYNUMIS What? Say it isn't so.

    @SeattleSlammer said:

    At the top of the market is there a hesitancy to fork over the cash for newly slabbed RD examples?.....due to concern about color stability?

    In "modern" times, I think there has been leniency for the number of spots allowed on high-grade "Red" copper and silver bullion coins.

  • tradedollarnut
    tradedollarnut Posts: 20,754 ✭✭✭✭✭
    edited September 15, 2019 9:56AM
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    Pfffft. Not my fault it took Laura so long to execute a nuclear strategy planned months in advance.

    Nice deflection....it’s still bad form to badmouth a coin publicly that you intend all along to bid on. And our maximum bid was even higher.

    Early Dollar Set
  • ilmcoins
    ilmcoins Posts: 525 ✭✭✭✭
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    @tradedollarnut said:
    Pfffft. Not my fault it took Laura so long to execute a nuclear strategy planned months in advance.

    Nice deflection....it’s still bad form to badmouth a coin publicly that you intend all along to bid on. And our maximum bid was even higher.

    Just curious about Nuclear Bidding... maybe I don't fully understand how it works. It is my understanding that a nuclear bid may in fact be higher than you would want to pay. How would that play into an effective strategy?

  • tradedollarnut
    tradedollarnut Posts: 20,754 ✭✭✭✭✭
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    Our best estimate of what it would take to win the coin was $9M. So yes, our nuclear bid was higher that what we thought it would take to buy the coin. But it’s not higher than the total value received when you count the publicity.

    Early Dollar Set
  • amwldcoin
    amwldcoin Posts: 11,269 ✭✭✭✭✭
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    Blow a million dollars for publicity?

    @tradedollarnut said:
    Our best estimate of what it would take to win the coin was $9M. So yes, our nuclear bid was higher that what we thought it would take to buy the coin. But it’s not higher than the total value received when you count the publicity.

  • tradedollarnut
    tradedollarnut Posts: 20,754 ✭✭✭✭✭
    edited September 15, 2019 10:49AM
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    I’ve blown more on less valuable items.

    But technically, it was blow the possibility of a million dollars for for the publicity AND the possibility of saving money. Our top bid was $11M hammer for a coin that is a National Treasure. I wasn’t taking any chances on losing it

    Early Dollar Set
  • cnncoins
    cnncoins Posts: 414 ✭✭✭✭
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    Taking shots Stewart? You have a very selective memory. The collectors I work with and have bought great coins over the years have done wonderfully well. There are streets named after you however...."ONE WAY"....

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Back to the original topic... I do find that 117 year old copper coin that is still RED to be amazing...almost unbelievable unless kept in nitrogen...Cheers, RickO

  • Currin
    Currin Posts: 1,523 ✭✭✭✭✭
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    @ricko said:
    Back to the original topic... I do find that 117 year old copper coin that is still RED to be amazing...almost unbelievable unless kept in nitrogen...Cheers, RickO

    The thought of nitrogen filled slabs would be interesting. Or vacuum work work too. It is amazing how these coins have remained RED over the years.

    My 20th Century Type Set, With Type Variations---started : 9/22/1997 ---- completed : 1/7/2004

    My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
  • Elcontador
    Elcontador Posts: 7,743 ✭✭✭✭✭
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    Ricko, I have an 09 P IHC in 5 RD in an OGH.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • SoCalBigMark
    SoCalBigMark Posts: 2,851 ✭✭✭✭✭
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    Is it still full red?

  • Lakesammman
    Lakesammman Posts: 17,696 ✭✭✭✭✭
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    Would love to see that coin in person. I had a P68R at one time and loved the look of it.

    Gone but not forgotten: IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Ricko, Big Moose, Cardinal, CoinsAreFun.
  • OldIndianNutKase
    OldIndianNutKase Posts: 2,717 ✭✭✭✭✭
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    "The thought of nitrogen filled slabs would be interesting. Or vacuum work work too. It is amazing how these coins have remained RED over the years".

    Slabs have only been in existence for the past 35 +/- years. So, these coins have not been protected by a slab for about 80 years. I do have a 1904 IHC that I have had for over 60 years and it graded 65 RD about three years ago. But I have never submitted a RAW RD IHC PR that was not graded .91 Questionable Color. BN always gets straight graded. Lots of money to be made making RD IHC's.

    Only Stewart can tell if an IHC has original RD skin........

    OINK

  • Elcontador
    Elcontador Posts: 7,743 ✭✭✭✭✭
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    @SoCalBigMark said:
    Is it still full red?

    Yes, it is.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • Coin Finder
    Coin Finder Posts: 7,805 ✭✭✭✭✭
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    I think full red older cents that have not been messed with would have a dark brown color on the edge of the coin with nice red color on both sides... A dip or anything else would affect the whole coin, edge and all wouldn't it?

    The court jester does not play, but gently pulls the strings…

  • Luxor
    Luxor Posts: 595 ✭✭✭✭✭
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    <<< And the recently graded 1902 ms 68 red was sold >>>

    If this is the coin referred to..... as spectacular as that coin is IMO, I'm still not sure how an Indian cent can go 68 with those obverse feather tips? And did PCGS 'unofficially' agree to upgrade the coin prior to the Heritage auction mania?

    -

    Your hobby is supposed to be your therapy, not the reason you need it.

  • STEWARTBLAYNUMIS
    STEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
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    The owner of the Castle Collection
    kept all his Indian Cents in a nitrogen container or some kind of
    Air tight container. Rick Snow can elaborate more, because he live in Florida and kept the coins in Florida

  • STEWARTBLAYNUMIS
    STEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭
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    The 1794 half cent mentioned in a previous thread has totally original color and is 225 years . It’s rare
    is a truly fascinating study.

  • Insider2
    Insider2 Posts: 14,452 ✭✭✭✭✭
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    @OldIndianNutKase said: "Only Stewart can tell if an IHC has original RD skin........""

    I wonder what his secret is. o:)

  • Insider2
    Insider2 Posts: 14,452 ✭✭✭✭✭
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    @Luxor said:
    <<< And the recently graded 1902 ms 68 red was sold >>>

    If this is the coin referred to..... as spectacular as that coin is IMO, I'm still not sure how an Indian cent can go 68 with those obverse feather tips? And did PCGS 'unofficially' agree to upgrade the coin prior to the Heritage auction mania?

    What you are looking at is a small break in the original surface that stands out so much and looks different (also on cheek & eyebrow) because of the reflection of the light. Look at the sides of the date numerals. Same bright reflection. Nice coin.

  • johnny9434
    johnny9434 Posts: 34,068 ✭✭✭✭✭
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    that's a wicked nice 1902 ihc, I like

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