Early large cents ruled Ira and Larry Goldberg’s Feb. 12 pre-Long
Included was a set of 150 large cents from the collection of Haig
Koshkarian emphasizing varieties listed in the accessible A Guide
Book of United States Coins (or to most collectors, simply the
“Red Book”) along with 85 early large cents from copper dealer Tom
Reynolds. Pierre Fricke’s Color Set offered a showing of the wide
variety of colors found on early American copper coins and Charles
Heck’s collection featured over 100 1794 Liberty Cap cents.
Finally, Bruce Tucker’s collection of 1816 to 1857 large cents
rounded out the offerings. The Goldbergs offered separate sessions
with additional U.S. coins, as well as world and ancient coins.
Here is one of three large cents sold during the Goldberg’s sale
that we profile in this Market Analysis.
1827 Coronet cent, Mint State 63 brown
Third-party grading services and the rare coin market generally
group Mint State United States copper coins into three color
categories: red, red and brown, and brown. An 1827 Coronet cent graded
PCGS MS-63 brown from Dr. Tucker’s collection shows that a brown color
designation does not mean that some original Mint red can’t remain in
the protected areas.
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The example of the relatively common Newcomb 11 variety was
described as, “Lustrous light brown with darker steel brown toning on
the high points and traces of faded mint red showing on both sides,
mostly on the obverse.” The description further noted, “The obverse
appears choice to the unaided eye” and when offered in 2005 by
Heritage as part of the Rasmussen Collection it was graded MS-64 brown
by Numismatic Guaranty Corp.
large cent: John D. Wright, cataloger extraordinaire of
the large cents of 1816 to 1839, writes that Middle Dates offer
"more bang-for-the-buck than the ones either before (too many
bucks) or after (not enough bang)." How much are Coronet
large cents worth?
A few spots on the reverse and some faint obverse hairline
scratches ultimately limit the grade. The lustrous cent brought $2,585.
Keep Reading Analysis of Large Cents Sold by Goldberg:
This 1793 Liberty Cap cent
featuring a hard-to-miss die crack tops $199K at auction:
As cataloger Bob Grellman observed: “Glossy medium to dark
chocolate brown and steel with lighter brown toning in a few of the
protected areas. The surfaces are smooth, void of any trace of
corrosion or verdigris.”
Tom Reynolds lets go of
gold-stickered ‘essentially flawless’ Liberty Cap cent:
“It’s obvious this cent never saw any circulation, but it may have
a touch of ‘cabinet friction’ on the obverse.”