View Full Version : 1796 Half Cent Discovered and Auctioned
01-23-2013, 04:22 PM
Found this on another site and though I'd spread the word here. A family in England discovered a near mint condition US 1796 half cent many years after their son collector died. It just sold to the Numismatic Financial Corporation in the Orlando Florida area. Converted to US Dollars the high bid with fees reached $357,871.27. I'm guessing NFC will have it slabbed before listing it on their web site.
Here are the sellers pics.
01-25-2013, 09:31 AM
Thanx for showing us the pictures and posting them here for all of us to see. That is one beautiful coin and would be a fine addition to anyones' collection but definitely out of my budget for coins. So as a nod to the discussion and talk over the last few years of what level of collector you might be.....I would definitely call that coin an "A-Type" collector coin.....but one I would love to add to my holdings!!!
Take it easy.....Leo
01-25-2013, 09:58 PM
As far of what level of collect I am let me say that I admire fine things, knowing full well I shall never own them. LOL This was posted just as a bit of news that perhaps most hadn't seen.
01-27-2013, 06:55 PM
Bill, I am one who read the discussions but disagrees with placing an assessment on what type of collector we may be. I do appreciate and would love to buy and own high grade copper but my funds do not stretch far enough to be able to acquire such purchases/examples. So my perception is one of having the 'Collector Instincts and Attitude' but on a limited budget. I am happy for those who can and I fully enjoy and appreciate seeing pictures of 'these' nicer high grade pieces whether they be in Auction Catalogues, viewing private collections or in Dealer's stock at Coin Shows and Bourses. I am always grateful for the coins I can buy and have changed my collecting habits and attitudes through the years.
The 'old rule of thumb' I learned back in the 1960's was to buy coins that were fine or better as there would always be a market for them. From what I have noticed...in Early Copper...this still holds true for the Early Dates(1793 to 1814)in Half and Large Cents. And also holds true for the rare Die Varieties and Die States in all the different series. But times have changed and since I am mainly collecting Late Date Half and Large Cents(Coronet or Braided Hair), my perception now is it's best to collect and purchase examples which are VF-35 or better in 'Net Grade' and the coins should be Average Plus or Choice in 'Condition'. Note: Die Varieties which have a high rarity factor or are a rare Die State...these are the exceptions to the 'Unwritten Rules'.
Of course you will be paying a premium for these coins but I feel in the long run they will have a better chance of appreciating at a faster pace. And when it becomes time to sell and disperse your collection...you will be able to sell them without any problems. So now I am more patient in my collecting goals and have passed on many common Die Varieties to wait for better examples to come along. My goal in collecting Late Date Large Cents is to collect as many Die Varieties(and the rare Die States) as I can and have my set average out to XF-40 or better. Currently I have 330 Die Varieties out of 386 possible and my average Median Grade is VF-38.71. I would also like to upgrade 135 of my current Die Varieties to bring them up to XF-40 or better. I know it will take time, will be hard to do and I may never complete the set and my goals but I am sure having fun in 'the chase' and am grateful for every piece of copper I have acquired and become the brief 'Custodian' of.....
Take it easy.....Leo
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