I.ve been hearing rumors of the discovery of a 1795 reeded edge pattern large cent. It sounded like somebody actually read their numismatic literature, and I wanted to congratulate them on their find. Larry Gaye was able to tell us a bit of what he'd heard. -EditorLarry writes:
I was not there but it seems that a person working as security at a coin show in Oregon saw a large cent he was interested in, asked the dealer how much and the dealer replied, $450. The dealer had sold it to the original owner who had passed away and it was back on the block.
It had been offered to several other dealers who felt it was a fake because of the reeded edge. Go figure - all they had to do was look at the RED BOOK. So with a $12.00 book in hand the fellow purchased a wonderfully rare and historic piece. He is a young man with a young family and will probably use the proceeds for a good home and nest egg. I suspect he will become a book buyer as well.
When asked about the coin the dealer had no regrets and was happy that the fellow purchased it. One of my good buds was at the show and is not given to rumors. He had first hand knowledge of the events. So keep your eyes pealed for what will be some very spirited bidding when the coin does show up for auction.
I'm no copper guru, but if this coin is a Sheldon 79 (1795 reeded edge cent) with five known examples (is this the sixth?), it would certainly bring a pretty penny at auction. Congratulations to the buyer! -Editor
Wayne Homren, Editor
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