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1840 O Half Dime How to cash-in?

WTnFred

Member
My son saved this half-dime with my F75. He is wanting to purchase a vechile. Can anybody help me with the best way to realize the value of this half-dime? I have never sold a relic and don't know how?

Thanks,
Fred
 
My Redbook shows this as:

VF-20--------$40.00
EF-40--------$80.00
AU-50--------$235.00
MS-60-------$725.00
MS-63-------$2100.00

I dont know anything about grading them, this is just what is in my book. Hope that helps you!

It is a great find though, in spectacular shape!
 
Don't know the value but looks in great shape. A pocket full of those will get him that ride. Congrats to him.
 
I'll give you 5 bucks for it ...:lol:...That's in nice shape I'd look on ebay and see what conditions are selling for what. That's where I look to see what my stuff is selling for.....just remember it's only as valuable money wise as what someone will pay for it and sometimes the personal value is more. I've sold a few things in the past I dug and wish now I hadn't.
 
Dug coins are very problematic value wise. Book values are really for nondug coins. Do not clean the coin in any way, as scratches are easy to make on silver and will ruin the value. I also think I see a dig ding at 11 o'clock. It may be the coin is worth more as a "relic" than a coin, if you know what I'm saying.

It's a nice find. You could always put it on Ebay with a reserve.
 
Good advise on not cleaning coins. This one has not been cleaned. I don't believe the mark at 11 is a ding from digging.

I am seeking advise because I don't have experience selling relics or coins. I cherish the items I find and save. I try to put them in historical context and share them while I am their caretaker. My son has different priorities. I am just glad we get to share time together having fun.

From the research I have done the 1840 has many different varieties; drapery, size of O mint mark and number of leaves on the reverse that can make it an extremely rare coin.

As always I appreciate everybody's input.

HH
Fred
 
You could always use a professional grading service, or take it at a coin show. If it's that rare, spending a little bit now to know what you have might pay in the long run. Also, there are companies that specialize in cleaning coins. Most of the rare dug coins you see on the boards are ruined(or at least have their value greatly impacted) by do-it-yourself cleaning. This is especially true of silver coins but also many early American coppers.

If you don't have experience selling relics or coins the first rule is...

Don't sell it till you know what it is.

In this case, the "is" is rarity,condition,and general value.
 
Fred you are correct about many variations on this coin, not shown or noted in most coin books. What do you think it is &
what is your reference, Overton or Breen's ? What # ?
 
Deno,

I just did some internet searching. All items we save are researched for historical context. I have located many pre-civil war home sites, usually there are not any coins, just flat buttons which are fun and challenging to research. Best one was an "Andrew Jackson 1829 President".

The site this coin was found out was an 1840 home site that saw a little civil war activity. The house was destroyed by a tornado in the 1970s. There is a story that the owner in 1912 found $1500 in gold coins when he was installing natural gas to the house.

As well as the coin, we also recovered a pistol frame, Manhattan Arms Co., an 1866 2cent piece and a couple of 58 cal minnies.
 
Thanks forrestgump,

I had just enough sense not to clean this coin. I have been researching this coin casually for 18 months. Though it might have potential, but didn't want to spend money on grading or cleaning unless the rarity of the coin justified it. I haven't found a local expert but I will probably try a coin show as you suggested.

HH
Fred
 
seeing how I live 20 miles north of the mint in N.O. I have dug the 1839-42 1/2 dimes, all are "O" mintmarks. That 1840-O is a semi-key date coin in my book. Great find!! GeoDiggerMike
 
Looks to me like it has no drapery. They are worth less than the ones that have the drapery. It is a very good looking coin though. I'd love to find one like that.
 
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