1818 Large Cent (Randall Hoard) that I picked up at the show

[James_OldeTowne]

I just don't think one can ever have too many Randall coins. This one was coated with slimy, greenizh haze when I got it, probably PVC, but a little Blue Ribbon and a careful acetone rinse resulted in what you see below. I grade it MS-62.

 

ENJOY!

 

 

James

[relicsncoins]

Pretty Coin!!! Excuse my ignorance when it comes to big copper. Is that a die crack that runs between all of the stars, and is that common in this series or that date?

 

JJ

[errorist]

I like CRACK!!!!!

[EZ_E]

James, ahora estas hablando my idioma! Love dem Randall cents! I'd be a little more optomistic on the grade and say 63 with a shot at RB.

 

Yes, those are die cracks which are seen on the 1818 and 1820 cents found in the Randall hoard of the same. Discover just post Civil War in Georgia in a wooden keg, they floated from hand to hand for two decades before anyone was able to market them. Most contemporaries considered them counterfeit since most coins were uncirculated and still had original mint red on them. The mind set at the time just couldn't piece this together. More than once this hoard sold at 90c on the dollar. Go figure.

[Hoot]

Lovely coin, James. I have yet to pick up a RH cent, but look forward to it one day.

 

Victor - in an economy based on the intrinsic value of metal, the trade of the RH at 90c on the dollar makes some sense. The coins were not legal tender until 1857, and then only for a limited sum (60 cents? - I can't remember, bu it was no more than 60c).

 

I'm just glad they are here for the pickin'!

 

Hoot

[Jazzy]

The contractor that discovered the hoard convinced a New England store to accept them in payment for a debt. The store, however couldn't pass them off as change - nobody would take them. They were then sold to the coin dealer J.S. Randall at ninety cents per 100. By 1912 they cost 10 cents apiece. By 1950 you could get them for six to ten dollars apiece.

[HaydenTubbs]

She's a beauty James!

 

Do you mind me asking how much that one set you back?

[Die Varieties]

Excuse me while I go find my bib -- I'm drooling again. Gotta luv those cracks.

[James_OldeTowne]

It cost me $425 against an asking price of $475. Yeah yeah, I know, that doesn't make me look like a very savvy haggler....

 

Just five years ago, you could still get coins just like this for under $300. At one time, I probably had seven or eight in inventory simultaneously.

 

James

[DirtyGoldMan]

I saw that coin in person and loved it. I remember when you had several at one time and even purchased one from you at the time. This one is much nicer.

[michael]

[leeg]

That's a "Beauty" all right! Congrat's!! This is the favorite in my Collection: