copper123 Posted October 9, 2012 Posted October 9, 2012 I recently picked up a 1876 H farthing in about Fine or better for about £7 at a local collectors fair , my question is anyone know the current value of this coin please ?They don't really seem to come up for sale very often and hopefully I will be able to upgrade it at sometime , but it will do in the meanwhile. PS I know I got it at a great price as 1876 H is an underated date and this is the first large 6 i have ever seen Quote
Peter Posted October 9, 2012 Posted October 9, 2012 ccgb 2010 values these at f £10 vf £25 ef £60 unc £100.The value of this variety is slightly higher in Spink on VF+. Quote
copper123 Posted October 9, 2012 Author Posted October 9, 2012 I think they underate the rarity of the coin then as ordinary 1876 H farthings are easy worth these prices Quote
declanwmagee Posted October 9, 2012 Posted October 9, 2012 I think they underate the rarity of the coin then as ordinary 1876 H farthings are easy worth these prices R14 in Freeman, R6 for normal size 6. Peck doesn't distinguish. Quote
Colin G. Posted October 9, 2012 Posted October 9, 2012 I agree that top grade that is underpriced, if we are classing UNC as Spink define. One went for £200 earlier in the year and I did regret not buying it afterwards.Two distinct large 6 varieties (high and low) out of interest which do you have?http://www.aboutfarthings.co.uk/Farthing%20-%201876H.html Quote
Peter Posted October 9, 2012 Posted October 9, 2012 What do Spink know.?We as collectors know the rarity.They miss out on several....love it Quote
copper123 Posted October 10, 2012 Author Posted October 10, 2012 It is large high 6 ,and like you say I am sure the guides are out on their prices on this one - in fact the best price guide of all is complated listings on ebay.Maybe ebay should employ a few profesional graders and produce a guide.i looked at compleated listings under 1876 farthing and as usual no large 6 coins are there :( Quote
copper123 Posted October 10, 2012 Author Posted October 10, 2012 Strangely enough colin cooke never had an example in his collection . I am sure it would have done the variety good if he had Quote
Peckris Posted October 10, 2012 Posted October 10, 2012 It is large high 6 ,and like you say I am sure the guides are out on their prices on this one - in fact the best price guide of all is complated listings on ebay.Maybe ebay should employ a few profesional graders and produce a guide.i looked at compleated listings under 1876 farthing and as usual no large 6 coins are there :(Unfortunately that's not really a good guide - there's no way to filter "idiot buyers who have more money than sense" out of the results, nor "sellers who are less than truthful and honest", nor "buyers and sellers who don't see it's a rare variety". Quote
declanwmagee Posted October 10, 2012 Posted October 10, 2012 It is large high 6 ,and like you say I am sure the guides are out on their prices on this one - in fact the best price guide of all is complated listings on ebay.Maybe ebay should employ a few profesional graders and produce a guide.i looked at compleated listings under 1876 farthing and as usual no large 6 coins are there :(Unfortunately that's not really a good guide - there's no way to filter "idiot buyers who have more money than sense" out of the results, nor "sellers who are less than truthful and honest", nor "buyers and sellers who don't see it's a rare variety". So how do the "respected" guides filter all that out? When sample sizes are small, how do you tell whether a result is an outlier, like the examples you give, or a genuinely changing trend? Quote
Peckris Posted October 10, 2012 Posted October 10, 2012 It is large high 6 ,and like you say I am sure the guides are out on their prices on this one - in fact the best price guide of all is complated listings on ebay.Maybe ebay should employ a few profesional graders and produce a guide.i looked at compleated listings under 1876 farthing and as usual no large 6 coins are there :(Unfortunately that's not really a good guide - there's no way to filter "idiot buyers who have more money than sense" out of the results, nor "sellers who are less than truthful and honest", nor "buyers and sellers who don't see it's a rare variety". So how do the "respected" guides filter all that out? When sample sizes are small, how do you tell whether a result is an outlier, like the examples you give, or a genuinely changing trend?As far as I know, respected guides don't take eBay realisations into account, and actual auction houses would only have a small sample of "idiot buyers" (in my opinion), and provided they know their stuff will correct the false impressions of "bad sellers". But you are quite right about small samples; the rarer something is, the greater the risk of unrealistic values. Quote
declanwmagee Posted October 10, 2012 Posted October 10, 2012 Hmmm. What do we all think about the respected guides ignoring the single biggest coin market in the world, I wonder? Quote
Peckris Posted October 10, 2012 Posted October 10, 2012 Hmmm. What do we all think about the respected guides ignoring the single biggest coin market in the world, I wonder?Well, they always ignored Exchange & Mart - would you rate eBay any more highly or more respectable than that? Quote
declanwmagee Posted October 10, 2012 Posted October 10, 2012 Hmmm. What do we all think about the respected guides ignoring the single biggest coin market in the world, I wonder?Well, they always ignored Exchange & Mart - would you rate eBay any more highly or more respectable than that?Of course! It's not all cdesteve you know! Quote
declanwmagee Posted October 10, 2012 Posted October 10, 2012 I just did a quick Completed Listings query on 1836 halfcrowns to compare those results with the respected price guides, just out of interest. The coin was chosen more or less at random, and the gradings are my 5 second assessments. Sample size, 80 coins.eBay completed listings:Fair £9F £12F+ £20VF- £24VF £38VF+ £51EF- £90EF £205As you'd expect, gentle slope at the duff end (bullion value?) ski-jumping up towards EFand here's the average of the 4 books I use:Fair £14F £29F+ £45VF- £61VF £78VF+ £148EF- £218EF £288Miles higher even in mid grades. Conclusion? eBay is much more realistic.I know all the respected guides bang on about "this isn't what you'll get for yours, it's what you'd have to pay us clever people to get one", but let's face it, when most of us ask a guide "what's my coin worth?", it's the former we really want to know, not the latter. Quote
Peckris Posted October 10, 2012 Posted October 10, 2012 I just did a quick Completed Listings query on 1836 halfcrowns to compare those results with the respected price guides, just out of interest. The coin was chosen more or less at random, and the gradings are my 5 second assessments. Sample size, 80 coins.eBay completed listings:Fair £9F £12F+ £20VF- £24VF £38VF+ £51EF- £90EF £205As you'd expect, gentle slope at the duff end (bullion value?) ski-jumping up towards EFand here's the average of the 4 books I use:Fair £14F £29F+ £45VF- £61VF £78VF+ £148EF- £218EF £288Miles higher even in mid grades. Conclusion? eBay is much more realistic.I know all the respected guides bang on about "this isn't what you'll get for yours, it's what you'd have to pay us clever people to get one", but let's face it, when most of us ask a guide "what's my coin worth?", it's the former we really want to know, not the latter.I only found 70, most of them rubbish. Of the 4 coins that were EF, two were polished. Of the remainder, only one even approached VF. (Completed Listings). Quote
copper123 Posted October 10, 2012 Author Posted October 10, 2012 I must say as well idiot buyers don't just bother with ebay they also attend auctions as well - when a coin in a major lLondon auction house goes for a fantastic price (due to two buyers wanting the same coin ,just like on ebay) , these forums are abuzz with Wow did you see that auction result, etc.Common sense is not (often) a factor when two dedicated buyer want something Quote
Peckris Posted October 10, 2012 Posted October 10, 2012 I must say as well idiot buyers don't just bother with ebay they also attend auctions as well - when a coin in a major lLondon auction house goes for a fantastic price (due to two buyers wanting the same coin ,just like on ebay) , these forums are abuzz with Wow did you see that auction result, etc.Common sense is not (often) a factor when two dedicated buyer want something I'd distinguish "dedicated buyers competing" from "sometimes naive, sometimes idiotic, sometimes conned buyers" though. Quote
Rob Posted October 10, 2012 Posted October 10, 2012 I must say as well idiot buyers don't just bother with ebay they also attend auctions as well - when a coin in a major lLondon auction house goes for a fantastic price (due to two buyers wanting the same coin ,just like on ebay) , these forums are abuzz with Wow did you see that auction result, etc.Common sense is not (often) a factor when two dedicated buyer want something I'd distinguish "dedicated buyers competing" from "sometimes naive, sometimes idiotic, sometimes conned buyers" though.Been there. Sometimes you have to push the boat out, though it helps if you have a reason such as first example in decades, only decent example available, or even only example available. US commission bids are particularly problematic as they are frequently unrelated to the estimate or book price. Then it becomes a case of how many times estimate either party is prepared to bid which is alright once in a while as long as you don't make a habit of it. Quote
copper123 Posted October 11, 2012 Author Posted October 11, 2012 I see on the freeman rarity scale that only one in a hundred or so 1876 H farthings are the large 6 variety possibly even lessthis being the case I think it is seriously underrated.1876 H farthings are quite scarce (esp in VF and above)and they remain with 1863 and 1875 as the key dates in the bronze seriesWe all know freemans rarity scale is often wrong, but not usually by much and as it is just an intelligent guess really.How many have you seen please colin?I am pretty sure it will not have been many. Quote
copper123 Posted October 11, 2012 Author Posted October 11, 2012 Funny enough the coin pictured on your website ,colin as high 6 is in almost identical condition to mine .I grade as fine or so Quote
copper123 Posted October 11, 2012 Author Posted October 11, 2012 Funny enough and thinking about it the three rarest bronze farthings 1863 ,1875 and 1876 H have quite a few varieties between them .Some only discovered recently.Maybe someone or something just wants it to be really hard to get a full set ! Quote
Peter Posted October 11, 2012 Posted October 11, 2012 Funny enough and thinking about it the three rarest bronze farthings 1863 ,1875 and 1876 H have quite a few varieties between them .Some only discovered recently.Maybe someone or something just wants it to be really hard to get a full set ! The search go's on.Freeman/Peck fell short. Quote
Peckris Posted October 11, 2012 Posted October 11, 2012 Funny enough and thinking about it the three rarest bronze farthings 1863 ,1875 and 1876 H have quite a few varieties between them .Some only discovered recently.Maybe someone or something just wants it to be really hard to get a full set ! What are the 1863 varieties? I must check mine out. Quote
copper123 Posted October 11, 2012 Author Posted October 11, 2012 Funny enough and thinking about it the three rarest bronze farthings 1863 ,1875 and 1876 H have quite a few varieties between them .Some only discovered recently.Maybe someone or something just wants it to be really hard to get a full set ! What are the 1863 varieties? I must check mine out.Dot under lighthouse Quote
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