1856 Lg Cent Die Break on Reverse Rim

Ask a question or post your most recent discovery.

Moderator: Daniel

Forum rules
Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/

___________________________________________________________________________________________________________

You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.

1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.

2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.

3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.

4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.

5. Do not send private messages about your coin unless an Admin ask you too and the same for sending emails through the board.

6. No spam. Do not post any links to your coin or other non-coin websites.

7. Always be respectful even if something makes you upset or you don’t agree with a member. You can always get a second opinion elsewhere. If you have an issue then politely ask an admin in an PM. PM’s are for issues, technical and personal, but not for coin questions (refer to number 5 on this list). Our community is not a soap box for complaining or drama, so please refrain from doing so here.[/size]
Post Reply
Message
Author
mose
Coining Around
Posts: 3
Joined: Thu Sep 16, 2021 8:18 pm
Has thanked: 1 time

1856 Lg Cent Die Break on Reverse Rim

#1 Unread post by mose »

Howdy,
1856, Die Break Reverse edge, slanting 5, Small Date. Please reply with any additional info and your opinion.

Is it worth grading? Here is a pic of both sides and the envelope that it came in.

Thank You,
Attachments
20211015_132238.jpg
20211015_132550.jpg
20211015_132222.jpg

User avatar
Earle42
Administrator
Administrator
Posts: 15562
Joined: Tue Apr 02, 2019 11:18 am
Location: OH
Has thanked: 1330 times
Been thanked: 4874 times

Re: 1856 Lg Cent Die Break on Reverse Rim

#2 Unread post by Earle42 »

Slabbing:
A lot of people end up in the hole b/c they do not research the value of the coin, cost of slabbing, cost of shipping, and cost of membership to the slabbing companies.
I also will post a big help a short read about what the companies are, what they do, and what people actually are paying for by using them.
....
Give a man a fish, feed him for a day. Teach a man to fish, feed him for life. Here is some beginners fishing tackle. Its worth your time to read.

Here is more info concerning the actual nature of the grading companies to help people make better educated decisions.😊

Thinking of Slabbing? Make sure you understand the Facts...or You Could Lose Money.


1. The grading companies are not a way that the majority of people, even those with a great deal of experience who know what they are doing, are going to be able to use in order to make huge personal profits. Many people start using grading companies thinking they will find a way to finance their hobby, but they learn a hard lesson quickly.

2. Watch some of Daniel's videos where he gets pieces back form the grading companies. Note even people who live, eat, breath, and deal coins for a living (like Daniel) can accurately predict what grade the companies will give. And...the "fault" (not really a fault) is in a widespread mistaken perception people get from being exposed to all the slabs being sold nowadays.

Coin grading companies are a business out to make a profit - this is why they exist. They use a system where (allegedly, but in reality its normally two) three graders look at each coin and give an opinion. The company videos showing the process make you believe this is a relaxed paced process of studying each coin. In fact one PCGS video shows a number of guys sitting around a table discussing what they think a specific coin should be graded as (on youtube somewhere - sorry no link). Uh uh.

If you take a PCGS graded coin slabbed as MS64, break it out, and resubmit it to PCGS, you are never guaranteed the same grade again. The slabbed coin might come back MS62 (bad day for graders), 63, 64, 65, 66 (great day for you!). This is b/c the process is all subjective: No scientific/verifiable standards or methods are used. Personally having talked with former graders (granted - its been awhile), the process is very rushed since they told me graders are paid by how many coins they can get through in a day.

But..this is all hearsay without proof. So...
Grading the Coin Graders

Here is another good read from someone there at the start of the grading companies:
Hobby negative impacts from slabbing companies

3. People also seem to think grading companies will examine a coin to see if they can find an error and then slab it as such. But again, they only ONLY GRADE coins. The companies will NOT try to find ID an error for you. You must first ID the error yourself, check to see if the company you want to use recognizes that specific error, PAY them to verify the error on the label, and then you may or may not actually get what you pay for!. The companies have a bad reputation for attributing errors correctly.

Link to and read (download if you want it) the pdf link in my signature as an eye opening example.

The verifiable data presented shows trusting people have spent thousands of dollars on many slabbed coins that are not what the companies claims/slabbed the coins to be.

You don't have to throw in the towel over these companies...but education about the reality of them will put you on the right pathway to dealing with them in a legit way without losing money in the process.

And…if you just like to collect slabbed coins for what they are, which makes losing/making money from slabs irrelevant, then of course enjoy them!" 😊
These users thanked the author Earle42 for the post (total 2):
mose, Jlynn8523
Rating: 6.06%
 
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

How much squash would a sasquatch squash if a sasquatch would squash squash?

mose
Coining Around
Posts: 3
Joined: Thu Sep 16, 2021 8:18 pm
Has thanked: 1 time

Re: 1856 Lg Cent Die Break on Reverse Rim

#3 Unread post by mose »

Is there any value in this mint error coin ?

User avatar
Daniel
Administrator
Administrator
Posts: 26230
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Has thanked: 1123 times
Been thanked: 4093 times
Contact:

Re: 1856 Lg Cent Die Break on Reverse Rim

#4 Unread post by Daniel »

No there’s not any value

Post Reply
  • Similar Topics
    Replies
    Views
    Last post