Wreath Cent ebay auction

AnkurJ · February 21, 2012 2:05PM

Not sure if any of you saw this, but it was an interesting auction. I emailed the seller for larger images but was told these are the best images he had. The coin looks to have nice detail, but it was too hard to see how bad the environmental damage was. I think it went cheap, and will look nice in hand.
I didnt want to shell out that much for a problem wreath though. But im sure we will see it for $6k on a copper dealers site next week.

What do you think?

Wreath Cent Auction

lasvegasteddy · February 21, 2012 2:13PM

always neat to see that early us coinage with details to boot
hopefully it doesn't reappear after being stripped and recolored is all

MsMorrisine · February 21, 2012 2:16PM

strange.

seems like scans.

perhaps the person is kicking themselves for having poor pics????

Bochiman · February 21, 2012 2:17PM

You didn't want it anyways...no CAC

Coinosaurus · February 21, 2012 2:18PM

Early copper collectors seem to be able to deal with problem coins. I'm not quite sure how they do it. Can someone enlighten us?

AnkurJ · February 21, 2012 2:20PM

<< Early copper collectors seem to be able to deal with problem coins. I'm not quite sure how they do it. Can someone enlighten us? >>

Some coins are just very rare that problems are acceptable. Its mostly on key dates like the 1793 chain and liberty cap, 1799 etc. On more common dates I avoid problem coins.

stealer · February 21, 2012 2:35PM

<< Early copper collectors seem to be able to deal with problem coins. I'm not quite sure how they do it. Can someone enlighten us? >>

Probably because cents used to be the center of commerce as opposed to silver coins and they corrode more easily...I think?

GoldenEyeNumismatics · February 21, 2012 2:36PM

That coin is a steal at that price.

I'm concerned if the auction is legitimate. The seller has little recent activity, and no history of dealing with coins of this level.

AnkurJ · February 21, 2012 2:40PM

Good point, didn't think about that.

Walkerguy21D · February 21, 2012 9:49PM

<< << Early copper collectors seem to be able to deal with problem coins. I'm not quite sure how they do it. Can someone enlighten us? >>
Some coins are just very rare that problems are acceptable. Its mostly on key dates like the 1793 chain and liberty cap, 1799 etc. On more common dates I avoid problem coin >>

The rarer the coin, the more tolerable we get! The nice ones have gotten incredibly expensive over the years. Even those with minor problems are still in strong demand.
I saw a 1799 with obvious damage that still made it into a PCGS Good holder, and it's being offered for ~$7k by one of the large retailers right now.

BillJones · February 21, 2012 10:26PM

<< Early copper collectors seem to be able to deal with problem coins. I'm not quite sure how they do it. Can someone enlighten us? >>

Among the classic coinage metal, gold, silver and copper, copper is the most reactive of all. So far as I’m concerned, show me a piece of early copper, and you will be showing me a coin that has had something done to it somewhere in its history. Pure copper is very prone to corrosion, and since there were few collectors in America when these coins were issued, most of them did not get any TLC until 1857 when coin collecting really took off in The United States.

The question is, was something done to the coin that got under the skin of a third party grader so that the piece will end up in genuine holder. I’ve seen early copper with big problems like major planchet defects, questionable color, light porosity and arrested corrosion get into graded holders. And I’ve seen pieces, with not much wrong with them at all, end up in body bags.

Early American copper collectors aware of all of this, and that’s why they have no problem net grading coins and viewing pieces with minor sins as perfectly acceptable. It is a far better system than the third party graders use, which rules that a coin either gets a thumbs up or a thumbs down.

As for the current coin, I’m surprised that a copper doctor did not darken this piece before it went into the holder. At any rate this is the kind of coin that could benefit from a few years in a paper envelope made of NON sulfur-free paper. Given five or six years of that kind of storage, you might be surprised at the results. Nothing is sure about a process like that, but I’ll confess when I was younger collector on budget, it worked for me more times than not.

madax425 · February 22, 2012 12:21PM

I agree with Bill 100 percent, I would rather have that coin with problems noted at a discount,it has great detail and is attrctive in my opinion. I am always amazed that some people pass on great coins in a problem holder and then end up with an inferior coin that just happens to be in a problem free holder. I like to fill albums so the holder does not mean much to me anyway.

icsoccer · February 22, 2012 12:33PM

Nice coin.

RichieURich · February 22, 2012 1:02PM

<< That coin is a steal at that price.

I'm concerned if the auction is legitimate. The seller has little recent activity, and no history of dealing with coins of this level. >>

I think Goldeneye has it right!

Wreath Cent ebay auction

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