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Value for Insurance. Please Help!

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Jim Light

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Dec 20, 2008, 1:47:41 AM12/20/08
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Hi,

I wanted to submit this coin (image below) to one of the coin grading
services. The problem is that I have to determine its approx. value in
order to insure it. One the other hand, I can't determine its value
without having it graded (chicken/egg type thing). Could somebody
please give me a general idea what it is worth currently? Thank you.

http://i41.tinypic.com/4kw4ud.gif

Jim

Bill Krummel

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Dec 20, 2008, 11:50:37 AM12/20/08
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"Jim Light" <deja...@yahoo.com> wrote in message
news:153230f0-ce14-40af...@r10g2000prf.googlegroups.com...

The coin in the image grades at the bottom of the grading scale, less than
AG3. Looking at my price guide it looks like you need authentication and
attribution since there is one extremely expensive variety of 1797 half
cent. If this half cent is a 1797 and is not the rare variety ( Gripped
edge, whatever that is), the coin would not be worth submitting, imo. If
the coin is the "Gripped edge", it would potentialy have value in the
hundreds to a thousand or two (no expert appraisal from me, just a wild
guess). I suggest trying to get a store dealer or show dealer to either
confirm or eliminate the possibility of the "Gripped edge".

Bill


Jim Light

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Dec 20, 2008, 1:08:44 PM12/20/08
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On Dec 20, 11:50 am, "Bill Krummel" <dqu...@netins.net> wrote:
> "Jim Light" <dejavu...@yahoo.com> wrote in message

Bill, LOL. It is actually a 1793 (hard to see in the image). Boy this
really shows that it is in bad shape.

sgt23

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Dec 20, 2008, 2:49:39 PM12/20/08
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Not to be noisey but, where did you find this, or have you had it
awhile? This coin looks like a metal detecting find.

Jim Light

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Dec 20, 2008, 4:06:56 PM12/20/08
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On Dec 20, 2:49 pm, sgt23 <bravesfandevo...@yahoo.com> wrote:
> Not to be noisey but, where did you find this, or have you had it
> awhile? This coin looks like a metal detecting find.

I purchased it back in the late 90s at a small coin expo in Oklahoma.
Not a beauty, but I always wanted just one Liberty Cap in my
collection. :)

Bill Krummel

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Dec 20, 2008, 5:56:21 PM12/20/08
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"Jim Light" <deja...@yahoo.com> wrote in message
news:c23fa3c4-1144-422a...@n33g2000pri.googlegroups.com...

I must be missing something. My Redbook does not show a 1793 with head
facing right. Head facing right from 1794-1797. Whatever the date is, it
is not worth submitting unless it is extremely valuable in AG3. The coin
you show I would grade less than AG3 obverse and the lowest grade possible
on the reverse. If rare enough it could still have substantial value and
regardless, it will always be a collectible.

Bill


Bruce Remick

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Dec 20, 2008, 6:25:19 PM12/20/08
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"Bill Krummel" <dqu...@netins.net> wrote in message
news:gijt68$73l$1...@news.netins.net...

Unless maybe you're upside down in Australia or have a reverse printing of
the Red Book, the head on all early half cents and large cents does not face
left until the Classic Head series in 1808.

In its mangled condition, I wouldn't bother to slab it regardless of how
rare it might be. Although I collect these coppers, I think I would be too
embarassed to to admit that it were part of my collection.

Bill Krummel

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Dec 20, 2008, 6:39:31 PM12/20/08
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"Bruce Remick" <rem...@cox.net> wrote in message
news:B9f3l.48440$R43....@newsfe08.iad...

I do confuse easily any more, but looking again at the half cents in my 2002
edition of the Redbook I see bold type that says "LIBERTY CAP TYPE
1793-1797" and the first listing is headed by "Head Facing Left 1793" and
shows the designer to be "probably Joseph Wright", with only 1793 date
listed. Then, the second group of listings says "HALF CENTS, Head Facing
Right 1794-1797 and says the designer is Robert Scot and lists all dates and
major varieties from 1794 to 1797.

Bill

Bruce Remick

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Dec 20, 2008, 6:47:49 PM12/20/08
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"Bill Krummel" <dqu...@netins.net> wrote in message
news:gijvn6$c9c$1...@news.netins.net...

Well, you're not the only one to confuse easily. At least you have an
excuse. In my case, I totally missed the one photo of the 1793 half cent--
FACING LEFT!! I had been assuming the coin was a large cent where all the
Liberty Caps face right. There I go, assuming again. My bad.

It's still a butt-ugly example of whatever it is.

Gary

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Dec 21, 2008, 3:04:50 PM12/21/08
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On a similar vane, when I was working in Florida for FEMA, a lot of
people discovered that
home insurance considers numismatic coins as CASH and they will pay
you FACE VALUE for the loss of
your coin collection, and only up to $500 or $1000 depending on the
policy. If you have a coin collection
that would be painful to lose, please consider the ANA insurance at
www.money.org

sgt23

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Dec 21, 2008, 5:47:48 PM12/21/08
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So how much would this insurance cost me for a collection valued at
about $3000.00. Thanks if you can help me!

RWF

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Dec 21, 2008, 5:58:47 PM12/21/08
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"sgt23" <bravesfa...@yahoo.com> wrote in message
news:0ba7053f-63cc-4ae2...@r37g2000prr.googlegroups.com...

> So how much would this insurance cost me for a collection valued at
> about $3000.00. Thanks if you can help me!

You'd have to join the ANA first, Sarge and I don't think you could pass
their literacy test!

Trevor Holyoak

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Dec 23, 2008, 5:37:25 PM12/23/08
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You can get an endorsement added to your policy to covers things like
coins, jewelry, stamps, fine art, etc., but everything has to be
declared upfront, and a premium is charged based on the value.

- Trevor

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