1824/2 large cent

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mikev50
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1824/2 large cent

#1 Unread post by mikev50 »

Large Cent 1824/2 NGC XF details Burnished. $495 --this coin is being sold on the northeast coin website--it list for 1410$--their selling price is very low--is their something i am missing--
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Re: 1824/2 large cent

#2 Unread post by Daniel »

I am afraid that I don't know much about this, it seems to me the retail is jacked up to make this look like a steal. I would not "buy" the retail on this coin.

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Re: 1824/2 large cent

#3 Unread post by mhonzell »

Heritage puts this at about $1200, when not damaged. Burnished is something the mint has been doing since 2006 to make it look better than a business strike. Since this is before that time, Burnished can mean harshly cleaned and is likely the reason for the Details grade. I think this coin is damaged in the date area and behind (and under) the bust with scratches. It also appears to have had dark spots at cleaned up in a few spots.

Northeast is one of my better recommended vendors, and the prices they sell for is usually dead on with public opinion. Occasionally, you can get a great deal from them on a piece that's not moving. Or, a variety coin not labelled as such.

In this case, I think the price is the going price for the Details grade. If an offer is accepted, he will usually go up to 10% lower.
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