1793 flowing hair chain cent

[Digger70pa]

I've never had anything looked at or broadcasted the spot. Its my little hunny hole. I found it. Its loaded with aluminum trash. That's why its good. I stumbled on it looking for a reb camp & there are civil war relics found occasionally. But mostly old stuff. The old stuff that I'm finding.

 

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[Digger70pa]

It would take a long time to post the coins & relics that I've found there. A long time guys.

 

[huntsman53]

No buddy I have all of the coppers that I've dug at this spot. And I've dug some very cool **** out of it. HH TIM

Okay! Sorry I misunderstood!


Frank

 

[huntsman53]

I've never had anything looked at or broadcasted the spot. Its my little hunny hole. I found it. Its loaded with aluminum trash. That's why its good. I stumbled on it looking for a reb camp & there are civil war relics found occasionally. But mostly old stuff. The old stuff that I'm finding.

I understand keeping all of your' finds, I have had many friends do the same thing! However, at least you know that if ever needed for upgrading your' MD'ing equipment, you are well equipped with finds to fund the purchases. When I began metal detecting, I did not have the luxury financially to keep any of my' finds as they went to supporting me and my family in a high cost of living area while I was in training to become an Upper Air Specialist and later a Meteorological Technician and receiving low pay. Just make sure that you keep your' finds securely locked away where they cannot be stolen. A friend, Dennis "Rocky" Beckner (May he rest in Peace!) who became a Geologist and Gemologist after serving with the Marines as a Captain in Vietnam and the Pentagon, kept every single Gem and rare mineral and rock specimen that he had ever found and also had a fortune in cut and cabochoned Gems that he had either purchased or had cut from his' finds. When he moved back home to Michigan because his' VA Doctor told him to move close to family because he was dying, he had millions of dollars worth of Gems and rare mineral and rock specimens stolen by employees of a U-Haul Rental Establishment. I would have loved to have had a minor fraction of his' collection which also contained well over a thousand pounds of the green and greenish/blue Turquoise that he dug out of the two most famous Mines in Arizona before they were closed down.

I will bring up another point you might want to consider now or in the future! Since you have made many finds in respect to Early Copper Coins, you might want to determine which one's are rare or potentially rare and the one's that aren't, then sell of the lesser valued one's to fund having the valuable one's certified, graded and attributed. Just a thought!


Frank

P.S. I would and I am sure others here on Treasure Net, would love to see pics of some more of the Early Copper Coins you found!

 

[jerseyben]

Well what do you coin guys advise me to do with it? Send it out & get looked at? I will because its the real deal. I have capped cents that I've dug also. My chain cent doesn't have anything on the edge. I've read its a mint error. Just saying guys. Should I send it to be looked at by the a numismatists somewhere? Thanks Tim

Get it looked at for what purpose? What exactly do you want to do with it?

It's a dug chain cent. No amount of conservation or professional consulting is going to change very much about this coin.

It appears the coin has already been cleaned/conserved in some way, otherwise it would still be caked in dirt. I see no dirt, only the remains of a heavily corroded copper coin.

The obverse is gone. Thankfully, the most important side showing the chain is visible. For that reason, the coin still has value.

It appears by your original post that you posted it just to show it off. I would have done the same thing. Not sure why anyone felt the need to chime in and suggest cleaning or otherwise for this piece.

It exists, period. Just enjoy it.

If you really want to do something with it, take it to a major coin show (possibly in Baltimore) and show it to a few EAC/C4 dealers for an opinion on grade and or to sell it.

 

[huntsman53]

If you really want to do something with it, take it to a major coin show (possibly in Baltimore) and show it to a few EAC/C4 dealers for an opinion on grade and or to sell it.

Ask George (Vino) if it is worth trying to get an honest opinion from or get a fair offer from an EAC member!


Frank

 

[jerseyben]

Ask George (Vino) if it is worth trying to get an honest opinion from or get a fair offer from an EAC member!


Frank

Most EAC/C4 guys only want problem free coins. Dug coins are avoided like the plague. Any offer made on a dug coin will reflect this, as it is no secret.

 

[Digger70pa]

Thanks for the advise. Yes I posted it to show it off. I've never posted it on this forum. Thanks again.

 

[Iron Patch]

Most EAC/C4 guys only want problem free coins. Dug coins are avoided like the plague. Any offer made on a dug coin will reflect this, as it is no secret.

All depends what it is. Any serious collector will still look at a dug coin if it's rare enough.... just look at the banner New York copper with the unique reverse. Pretty ugly coin, but a pretty awesome payday! As for a chain cent there's no reason anyone with the money would have to look at a dug one... too many out there. Exciting for us on this forum, not a big deal in the big picture, so in that sense I agree with you no one in that group would really care other than to think.... cool, you dug that up.

 

[huntsman53]

Most EAC/C4 guys only want problem free coins. Dug coins are avoided like the plague. Any offer made on a dug coin will reflect this, as it is no secret.

I understand that most EAC/C4 guys are generally only interested in problem free coins. However, many of them are in the business to make money and if they can make money off of a dug coin, then they will. I have a problem when some try to make a killing off of someone else's hard work and find! Point in fact, is that Vino shopped his' 1802/0 Half Cent which was a Cohen-2 Variety around to some EAC members and was offered less than 15% of what he actually got for it from a Coin Dealer with a store and who specializes in Early U.S. Coinage. The EAC members would have surely resold the coin at the same price or a very close to the price that Vino received for it, so in my book, that is basically trying to steal the coin. I have no respect for anyone that would do this! If the offer had been closer to 50% or better than what Vino got for the coin, then I would not be so critical of the EAC members that made the offer but come on, offering less than 15%, there is something definitely wrong with that in my' book and anyone else's book!


Frank

 

[Iron Patch]

I understand that most EAC/C4 guys are generally only interested in problem free coins. However, many of them are in the business to make money and if they can make money off of a dug coin, then they will. I have a problem when they try to make when some try to make a killing off of someone else's hard work and find! Point in fact, is that Vino shopped his' 1802/0 Half Cent which was a Cohen-2 Variety around to some EAC Member and was offered less than 15% of what he actually got for it from a Coin Dealer with a store and who specializes in Early U.S. Coinage. The EAC Members would have surely resold the coin at the same price or a very close to the price that Vino received for it, so in my book, that is basically trying to steal the coin. I have no respect for anyone that would do this! If the offer had been closer to 50% or better than what Vino got for the coin, then I would not be so critical of the EAC Members that made the offer but come on, offering less than 15%, there is something definitely wrong with that in my' book and anyone else's book!


Frank

I don't know about Vino's deal, but in general no one has a gun to their head. You can also make a foolish move selling valuable jewelry, a car or even a house, so why would a rare coin be any different? I don't know anything about marbles, but if I found a bag of old interesting looking ones in an attic, and suspected they could be quite valuable, I guarantee I'd know as much about them as anyone I would sell them to, by the time a deal would happen. It's how the world works, you rush into a deal and get burnt, it's a lesson learned.No one on here would pass up a good deal, and if you get offered something for a great price, you take it. Many preach about doing the "right thing" but some are total hypocrites and the first minute they have the chance to score something they take it, and then come in here and brag. All about seller beware!

 

[huntsman53]

I don't know about Vino's deal, but in general no one has a gun to their head. You can also make a foolish move selling valuable jewelry, a car or even a house, so why would a rare coin be any different? I don't know anything about marbles, but if I found a bag of old interesting looking ones in an attic, and suspected they could be quite valuable, I guarantee I'd know as much about them as anyone I would sell them to, by the time a deal would happen. It's how the world works, you rush into a deal and get burnt, it's a lesson learned.No one on here would pass up a good deal, and if you get offered something for a great price, you take it. Many preach about doing the "right thing" but some are total hypocrites and the first minute they have to score something they take it, and then come in here and brag. All about seller beware!

I agree! However, in Vino's case, he had a price range in mind as to the value of his' 1802/0 Half Cent when he shopped it around to some EAC members. When they made the offers, it was like a slap in the face and he refused the offers and decided if he could not get somewhat of a fair price, then he would just keep it. Well, (even though it was stated before, I really don't like to put the info out there but will) he received $4,200 for the coin and the offers from the EAC members was I believe $500 from one and $550 from another member. Everyone looks for and likes a good deal but some folks have morals and a conscience and I have often paid a person more for their' coins than what they wanted. If you brought me an 1885-CC Morgan Silver Dollar certified and graded by PCGS as an MS-65 and was only asking $300 to $400 for it, I would give you at least $700 for it but that is just me. I have seen Coin Dealers buy rolls of BU MS "CC" Morgan Dollars for $300 or less from elderly folks that had no idea as to what the coins were worth. Some others would do the same but I always say, "what goes around, comes around!" and Karma will eventually catch up with those for what they do.


Frank

 

[jerseyben]

I agree! However, in Vino's case, he had a price range in mind as to the value of his' 1802/0 Half Cent when he shopped it around to some EAC members. When they made the offers, it was like a slap in the face and he refused the offers and decided if he could not get somewhat of a fair price, then he would just keep it. Well, (even though it was stated before, I really don't like to put the info out there but will) he received $4,200 for the coin and the offers from the EAC members was I believe $500 from one and $550 from another member. Everyone looks for and likes a good deal but some folks have morals and a conscience and I have often paid a person more for their' coins than what they wanted. If you brought me an 1885-CC Morgan Silver Dollar certified and graded by PCGS as an MS-65 and was only asking $300 to $400 for it, I would give you at least $700 for it but that is just me. I have seen Coin Dealers buy rolls of BU MS "CC" Morgan Dollars for $300 or less from elderly folks that had no idea as to what the coins were worth. Some others would do the same but I always say, "what goes around, comes around!" and Karma will eventually catch up with those for what they do.


Frank

Frank, the value of something is only what another person is willing to pay for it.

Forget EAC people... Take ANY COIN to a coin show and try to sell it to 20 dealers. You will get 20 different offers, including some dealers who will simply decline to make an offer. Some offers may be fair, others will be low.

1. Dealers are there to make money.
2. It costs them a LOT of money to set up a table at a show.
3. They don't owe you or me anything.
4. Dealers will never offer you "retail" for your coin, despite what you think it is actually worth.
5. Most dealers will decide what they can quickly resell the coin for and then offer you maybe 50% of that.

You don't like an offer, don't take it. There is nothing wrong with making a lowball offer. If you choose to be offended by someone offering you a lowball offer, then I suggest you go into the coin business for yourself and try to make a profit.

Or, there are plenty of avenues for selling a coin at auction which often obtain near retail prices.

George got VERY lucky selling that coin for that high price to a seemingly random B&M shop. Those results are not typical.

 

[huntsman53]

Frank, the value of something is only what another person is willing to pay for it.

Forget EAC people... Take ANY COIN to a coin show and try to sell it to 20 dealers. You will get 20 different offers, including some dealers who will simply decline to make an offer. Some offers may be fair, others will be low.

1. Dealers are there to make money.
2. It costs them a LOT of money to set up a table at a show.
3. They don't owe you or me anything.
4. Dealers will never offer you "retail" for your coin, despite what you think it is actually worth.
5. Most dealers will decide what they can quickly resell the coin for and then offer you maybe 50% of that.

You don't like an offer, don't take it. There is nothing wrong with making a lowball offer. If you choose to be offended by someone offering you a lowball offer, then I suggest you go into the coin business for yourself and try to make a profit.

Or, there are plenty of avenues for selling a coin at auction which often obtain near retail prices.

George got VERY lucky selling that coin for that high price to a seemingly random B&M shop. Those results are not typical.

Ben,

I know all too well what you are saying! I have searched, researched and sold coins since 1973 but in the late 1990's, I still did the same but upgraded to buying, trading and selling as well until I sold my' collection of over 20,000 coins which were mostly Errors and Varieties in 2007. I kept searching, researching and collecting coins from 2007 to early 2012 but then went even bigger in coins in in April of 2012 with my' small business of buying, selling and trading collectibles due to requests from my customers and have continued ever since. Also, I have been doing Coin Shows since around 1998 and know how it works. At $150 or more per table, a Coin Dealer has to offer way less than retail or even wholesale to even hope to make a profit but I still say that to offer someone less than 15% of what Vino received for his' coin, is wrong.


Frank

 

[Iron Patch]

I agree! However, in Vino's case, he had a price range in mind as to the value of his' 1802/0 Half Cent when he shopped it around to some EAC members. When they made the offers, it was like a slap in the face and he refused the offers and decided if he could not get somewhat of a fair price, then he would just keep it. Well, (even though it was stated before, I really don't like to put the info out there but will) he received $4,200 for the coin and the offers from the EAC members was I believe $500 from one and $550 from another member. Everyone looks for and likes a good deal but some folks have morals and a conscience and I have often paid a person more for their' coins than what they wanted. If you brought me an 1885-CC Morgan Silver Dollar certified and graded by PCGS as an MS-65 and was only asking $300 to $400 for it, I would give you at least $700 for it but that is just me. I have seen Coin Dealers buy rolls of BU MS "CC" Morgan Dollars for $300 or less from elderly folks that had no idea as to what the coins were worth. Some others would do the same but I always say, "what goes around, comes around!" and Karma will eventually catch up with those for what they do.


Frank

The reality is dealers who constantly lowball only hurt themselves because repeat business is how you make real money, and collectors usually have a specific area of interest, and for something they really want they'll sometimes pay over book, but if a coin or whatever is just more of a sideline interest, then of course the number they'll offer may not be real competitive. A smart buyer always asks the selling price and does not make offers.

 

[Digger70pa]

Wow you guys are serious. You guys are educating me Thanks. My one digging buddy found a chain cent the same year I found mine. What's the chance of that. Anyway I think he got took on it. I'll post some pics of it. The coin dealer gave him $1700.00 for it. The thing is I've dug at this spot for years & have found large cents half cents & George coppers there. This isn't where I dug mine at though. But he dug it there & I've hunted there. I found the spot. That's messed up that I could have dug two of them.

 

[Digger70pa]

my buddy's coin

He sold this for $1700.00. I think he got took on it.

 

[Iron Patch]

He sold this for $1700.00. I think he got took on it.

That's a nice coin, but I guarantee scary to many! And I say that as a digger, but also a coin buyer-seller, because I could not lay down a grand for it right now and feel totally good about it. Not suggesting it's fake, just saying I would feel an element of risk, and that is a factor that doesn't come up too often, but is definitely a real one, and can keep the price down. You also have to consider the typical small time coin dealer probably doesn't deal with early American coins, or Colonial much, so the experience is not there, but it's not like you want something like that to get away.... so you have to balance the risk with the price you pay. If you look around at some fake CS belt plates you'll see some that look pretty similar to that coin.... similar meaning pretty damn good. No question he really undersold it, but that's what happens when you're in too much of a hurry.

 

[Digger70pa]

Yes IP he's a kid & needed money. I think he made the banner here with it. I wouldn't have sold it. That way I'd have two of them in my collection.

 

[Digger70pa]

I hord my dig finds buddy. Some day when I'm very old I'll maybe get rid of them. But mostly I'm thinking about donating them to the appropriate society.