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Inexperienced Coin Collector Looking for Value and Info on 1806/5 50C
vtsmith1968
Posts: 5 ✭
I received this coin several years ago, and I recall that someone mentioned that it was unique in some way, but perhaps my memory is off. Any information on coin and an estimated sell value would be appreciated.
6
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Welcome to the forum.
Hopefully, others will chime in, but I'd estimate the current value at approximately $500.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Welcome to the forum!
Looks like one sold about 20 days ago for $366 you may do better or worse depending how/where you sell.
https://www.ebay.com/itm/324691270523?hash=item4b991b9b7b:g:EyIAAOSw1x1g1jk0&nma=true&si=xnHEg5yYHywyMlCtMkWBLDHrBjY%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
Here's one that brought $500 in April: https://www.davidlawrence.com/product/2249013
It had a different PCGS ID number from yours, but it's not an especially scarce variety of the overdate.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I just looked up the cert number on the PCGS Certificate Verification page:
PCGS # 6077
Date, mintmark 1806/5
Denomination 50C
Variety Large Stars
Region The United States of America
Grade VG10
Holder Type Standard
Population 36
Pop Higher 388
PCGS Price Guide Value $550
Specialized collectors and dealers might be very interested in the heavy die crack going from the rim to right of date, to bust, and connecting stars 13-11, the lower right three. This late die state is rare and desirable to those who care about such things. I'd pay a premium. Btw, this is called a "retained cud", meaning the die broke there, but the piece didn't fall out of the coin press, as the reverse was the "hammer" (top) die, and the obverse was the "anvil" die. The resulting weak area on the lower reverse may be caused by the decreased pressure there.
Liberty: Parent of Science & Industry
@MFeld "Here's one that brought $500"
A great example of how someone like David Lawrence or Heritage Auctions are able to maximize a coins value for the owner/seller. That is why how/where you sell is important.
Listen to Baley. Your coin is NOT like the ones people are linking to in this thread.
It is a very scarce overdate, in a rare R-5 die state 1806/5 O-104a with the reverse single cud. This variety is different from the more common 1806/5 overdates because the overdated 6/5 is more visible. It is the only half dollar overdate from a previosly used obverse die (reverse die was also used in 1805, four different die marriages).
The coin is a nice example and could bring a good price at auction. PCGS price guide is 710 for VG10 O-104a, compared to 550 for the other 1806/5 VG10 overdates.
In the newer Tompkins reference book the variety is 1806/5 T-1, for the first die marriage struck in 1806.
edit - a die specialist might call it "unique" because it does show the beginning of the second reverse cud at E1, but it is not yet "b" die state which is R-7- and worth more money.
It would have been better to have variety attribution by PCGS on the slab.
If I'm understanding this correctly if you had good photos of the other approximately 400 coins mention as the total population you could tell something about the sequence in which the coins were struck by the presence and severity of the die crack. Is that correct?
This is the correct answer, the others were talking generically. With the 104 on the holder it should bring about 1000$ Or a little more as it looks to have decent originality and interesting die state
11.5$ Southern Dollars, The little “Big Easy” set
Would it help to sell for more money to have the variety on the slab?
This image has 1806/5 O-104 and O-104b, on an original copperplate engraving signed by Robert Scot, who also engraved the coinage dies:
MsMorrisine said:
At a Heritage auction no. At a dealer, if the rare variety was not stated on the slab most would give the common 1806/5 price, even if they knew it was rare.
Thank you all so much for your responses. Certainly glad I signed up for this forum. Where do you recommend I auction this with the distinctions that were mentioned to maximize value? I don't mind waiting awhile.
@vtsmith1968 ... Welcome aboard..... Interesting coin...and even better than you expected. Good luck, Cheers, RickO
Welcome and have to say that is a great coin. As you can tell, this IS the place to gain knowledge on any coin questions you have. There are some exceptionally knowledgeable folks here on nearly any topic. I'm always amazed how much some members know about the details of specific coins such as yours. I've learned a lot of things I didn't know over the past few years.
Mark
Welcome. Another sales option would be here on the Buy/Sell/Trade page. Auction house will most likely take a cut as a sellers fee. Looks like there may be possible buyers in this thread already? Selling here would be less hassle.
There are a number of options to sell the coin, the important thing is to realize the value of the rare variety - sometimes easier said than done.
One option is Great Collections, they can submit the coin to CAC prior to auction, if it is "stickered" it does add value in the market. A CAC sticker on a rare coin with a cud can be a magical combination. The one contingency I would recommend for a GC auction is to include a brief description of the variety - "This is the rare 1806/5 O-104a overdate" Btw, the rarity ratings were just updated in the John Reich Journal and the 1806/5 O-104a is still an R-5 "rare" with an estimated 31-80 examples.
Buy/Sell/Trade here is an option for a quick sale. There are also other good auction firms such as Heritage - but check the fees.
Welcome! Neat die break variety.
Welcome!
Welcome to the Forum! What an awesome first post!!
I don't collect these as a series, but I have purchased Late Die State coins in the past because of the minting issues that others have described... retained cud, die breaks, etc... I would typically expect to pay a little extra...
Best of luck!
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
I’m glad excellent description and advice was given here. I didn’t see every post. True experts Baley and Nysoto steered OP the right way. Congratulations.
I've started dialogue with Great Collections. Thanks to everyone and in particular Baley and Nysoto.
This was the response. Kind of disappointed. What do you think?
Thank you for your coin estimate request. I would estimate at about $400-$550.
We can only mention VAMs if they are on the PCGS/NGC holder. We can arrange for the VAM to be added at PCGS. We can also send to CAC to review (stickered refers to a coin that passes CAC - they add a green sticker to the coin).
In reviewing the value of O-104a, vs. the other VAMs for the overdate, I don't think it really makes sense to get it added to the holder.
To consign to our auctions, please use the attached consignment form. I've also attached our consignment instructions.
Sincerely,
Maybe try here on the BST. Possibly, the members of the Bust Half Nut club will want it. Or, talk to Sheridan Downey. He is a specialized dealer in these coins. DKRC is a specialized dealer in Bust haves as well. He will be fair.
Of course it’s best to sell to a collector for more cash. But, these dealers might pay up. Especially if they know where to go with it.
Auction houses will estimate lower as they aren't specialists and they rather you be surprised with the amount than PO'ed with an over estimate and thin market coins are not always noticed at auction. GC is really the best and Ian is an amazing business owner. That said he knows his stuff but doesn't control the bids. I have never been shocked buy my coin's results at GC only pleasantly surprised, I would take my chances or go to one of the two dealers listed above by @stman. Of course they will net $1k ish, not pay that to you. They are dealers not collectors
. List it on the BST for 800$ and it will go quickly if you don't want to play games.
11.5$ Southern Dollars, The little “Big Easy” set
Congrats on owning a nice coin and good luck with the sale, glad some of the other die variety specialists were able to flesh out the details of the marriage and state, these early coins tell a fascinating story of the early mint
Here's my example,of 1806 O-104a, appears to have been coined well before the OP, and some time between Nysoto's pieces
<img src=https://us.v-cdn.net/6027503/uploads/expressions/face-icon-small-shocked.gif" border="0">
Liberty: Parent of Science & Industry
You are in the dilemma of how to sell a rare but specialized coin variety within a somewhat thin market.
It would be difficult to recover the attribution/re-holder fees at PCGS. This is why I stated earlier that attribution should have been done when last graded by PCGS (assuming the submitter knew it was rare).
CAC approval would add value, but could go either way, with more cost added.
My experience with specialized dealers is consignment yields more than outright sale. I agree with stman's recommendations and have consigned coins through Downey with excellent results.
The risk of a GC auction is that a couple of specialists may be on vacation and it could "fall through the cracks." Some of the GC auctions are for a longer time period to prevent this - there was a recent 1795 O-123a G4 details half dollar about a dozen known that realized $3600 with a three week auction (I was following and the bid was $1391 with less than three minutes left - eight bids came in after that). I don't know how GC determines auction duration.
The obverse die break and reverse cud are glaringly obvious and would most likely get a good price at GC, without attribution on the PCGS slab. Starting at $1 would get attention.
The advantage of listing on BST is that you can avoid consignment or auction fees and taxes. Set your price and you can ensure a painless transaction if it’s with a well known member here. This would be my preferred method.