Sunday, October 23, 2011

JR Newsletter: 23 October 2011 (59)

Brad DePew wrote:

For the last few years I have had to slow down on coin buying in part due to a slowing economy and in part due to kids starting college.  I have changed my strategy so I at least keep an eye on the market periodically.  I have tried to watch Bust dimes at G to F grades.  They generally sell at a price that won't cause a response from my wife, unless I get a few too many.

I usually go on Ebay just because it is convenient and I can bid on the go.  So, this week I did my usual search and spotted a 1822 Bust Dime.  It was damaged at the front of the band and at the reciprocal spot on the back; the bottom of the right wing,  Apparently, someone tried to punch a hole in it but was not successful.  Other than that, it was gradable and had as much detail on it as I like to see in other coins so I can attribute.  It was selling for $125 already, but I gladly would have paid that even it I had to justify it to my wife.  I thought the partial hole would give me the opportunity to get this coin,  I would finally have a chance to complete my year set for the series.  All I needed was for everybody to leave this coin alone so I could outbid the current holder.(not likely, but I had to watch it)

I had to go to my nieces birthday party with the family, but I would try to keep an eye on it.  Well, with everything going on, I forgot to watch it.  On the way home , I remembered the coin and tried to get home before the auction ended.  I couldn't check because I was driving, and I didn't want to ask my wife to
bid for a coin.  So, I waited till I got home.  When I finally got home, the auction had ended and the coin sold for $483.78  There were 10 bidders and 24 bids.  The coin sold for what I would have thought it was worth without the damage, but I probably would have been willing to pay the price and more just to complete my year set.  I guess I will keep searching.


In response to Jeff Tryka and his 1809 Bust Half, Ralph Muñoz wrote:

In my opinion, It looks to be genuine O-103.  Sometimes the color of a silver coin can be influenced by where the coin has been stored or has been played with.  Various degrees of heat can also change a coins appearance.  I also have seen a few coins that have that dull white-yellow color.  But to say specifically how it happen...would be a tough call.  The more you see weird stuff like this; the more you kind of get used to it.  
Phil Carrigan wrote (in response to Richard Meaney's comments about attributing half dime remarriages):

You write a fine lesson of methodically & critically attributing a Capped Bust Half Dime.

While I compliment you on your instruction, I don't follow this path always, as I want to hit on the LM number in what may be the straight-away approach.  Straight-away approaches may be seen mathematically as a tangent going out to the deep dark space (of nowhere) or some basic pseudo-logic called "I know how!"

Brad Karoleff wrote:

It is time to begin thinking about the upcoming EAC/JRCS show May 3-6 in Buffalo. We will again have a happening room to view interesting silver coins. We need to determine which die marriages we will study for each series. We traditionally select one each half dime, dime, quarter, dollar and two halves. If anyone would like to suggest specific coins to study please let us know through the  JR Newsletter.

We also need volunteers to help with the viewing. Anyone who is planning on attending the show and would like to help can also volunteer through this newsletter or by contacting me directly at jrcs19 (at) Should anyone have specific questions, please let me know.

More information about the show can be obtained from the each website,  If you are a dealer please consider taking a table.