Hi
I have the same coin:
50 Centesimi - Vittorio Emanuele III - 1924 R - KM#61.2 (reeded edge) - rare
I advise you
to seal it from an expert
But first need to assess whether it is original..maybe with a magnet
in association, where I joined they were offered € 350
My money is almost XF conditions
I preferred to keep it and have it sealed by an expert.
q.XF euro da 350,00 a 1200,00 (catalogo Gigante 2014)
Citeer: "simoneo80"Hi
I have the same coin:
50 Centesimi - Vittorio Emanuele III - 1924 R - KM#61.2 (reeded edge) - rare
I advise you
to seal it from an expert
But first need to assess whether it is original..maybe with a magnet
in association, where I joined they were offered € 350
My money is almost XF conditions
I preferred to keep it and have it sealed by an expert.
q.XF euro da 350,00 a 1200,00 (catalogo Gigante 2014)
catalogo asta n59 qXF 1924L prezzo base euro 700 ( Lotto n 1501 - http://www.inasta.com/Aste/AN059/PDF/AN59_Lotti%201232-1536.pdf)
It does stick to the magnet....it should correct?
Citeer: "simoneo80"Hi
I have the same coin:
50 Centesimi - Vittorio Emanuele III - 1924 R - KM#61.2 (reeded edge) - rare
I advise you
to seal it from an expert
But first need to assess whether it is original..maybe with a magnet
in association, where I joined they were offered € 350
My money is almost XF conditions
I preferred to keep it and have it sealed by an expert.
q.XF euro da 350,00 a 1200,00 (catalogo Gigante 2014)
catalogo asta n59 qXF 1924L prezzo base euro 700 ( Lotto n 1501 - http://www.inasta.com/Aste/AN059/PDF/AN59_Lotti%201232-1536.pdf)
It does stick to the magnet....it should correct?
Citeer: "simoneo80"Hi
I have the same coin:
50 Centesimi - Vittorio Emanuele III - 1924 R - KM#61.2 (reeded edge) - rare
I advise you
to seal it from an expert
But first need to assess whether it is original..maybe with a magnet
in association, where I joined they were offered € 350
My money is almost XF conditions
I preferred to keep it and have it sealed by an expert.
q.XF euro da 350,00 a 1200,00 (catalogo Gigante 2014)
catalogo asta n59 qXF 1924L prezzo base euro 700 ( Lotto n 1501 - http://www.inasta.com/Aste/AN059/PDF/AN59_Lotti%201232-1536.pdf)
It does stick to the magnet....it should correct?
This type of coin not stick to the magnet
yes, sorry I made a trivial error in translation
It's magnetic
I guess these coins were just badly struck? Even in XF the lions' heads are almost flat and the lettering is fading into the rim.
I was going to say that the OP's coin was F or maybe even VG, but given these NGC slabs I'm not sure now.
Looked into this a little more since your comment; unfortunately I think your initial instinct is right in VG/F, at least for the purposes of valuation. A few little notes:
- The ebay one starting at $45 has zero bids so far, and is better than this. (still a day left though)
- It probably is a weakly struck coin, but if you look both at the XF40/AU ones on the auction page I linked, you'll see they are far better, especially the 2nd one that sold for $299
- At the end of the day, people wanting these coins will want one for the eye appeal. I'm not sure what's going on with the surfaces on this one, but eye appeal is really low. Look at this one for example, for £11.95 http://www.ebay.co.uk/itm/Italy-1920-R-50-Centesimi-Reeded-Edge-Very-Rare-TC1066-/222221028768
tldr: I understand the OP probably wants to flog it for a lot more, and if he waits 5 years perhaps he'll be able to, but I think that's a realistic value for it. Certainly in line with what I'd be willing to pay if I collected those. It's a case of catalogue values not equating to the real world due to lack of data. Just trying to be honest and ensure the OP has realistic expectations, and that buyers are aware of real value, especially as he's using the thread to kind of advertise it too.
I guess these coins were just badly struck? Even in XF the lions' heads are almost flat and the lettering is fading into the rim.
I was going to say that the OP's coin was F or maybe even VG, but given these NGC slabs I'm not sure now.
Looked into this a little more since your comment; unfortunately I think your initial instinct is right in VG/F, at least for the purposes of valuation. A few little notes:
- The ebay one starting at $45 has zero bids so far, and is better than this. (still a day left though)
- It probably is a weakly struck coin, but if you look both at the XF40/AU ones on the auction page I linked, you'll see they are far better, especially the 2nd one that sold for $299
- At the end of the day, people wanting these coins will want one for the eye appeal. I'm not sure what's going on with the surfaces on this one, but eye appeal is really low. Look at this one for example, for £11.95 http://www.ebay.co.uk/itm/Italy-1920-R-50-Centesimi-Reeded-Edge-Very-Rare-TC1066-/222221028768
tldr: I understand the OP probably wants to flog it for a lot more, and if he waits 5 years perhaps he'll be able to, but I think that's a realistic value for it. Certainly in line with what I'd be willing to pay if I collected those. It's a case of catalogue values not equating to the real world due to lack of data. Just trying to be honest and ensure the OP has realistic expectations, and that buyers are aware of real value, especially as he's using the thread to kind of advertise it too.
The example provided by eBay is 1920 and it's not
rare
I guess these coins were just badly struck? Even in XF the lions' heads are almost flat and the lettering is fading into the rim.
I was going to say that the OP's coin was F or maybe even VG, but given these NGC slabs I'm not sure now.
Looked into this a little more since your comment; unfortunately I think your initial instinct is right in VG/F, at least for the purposes of valuation. A few little notes:
- The ebay one starting at $45 has zero bids so far, and is better than this. (still a day left though)
- It probably is a weakly struck coin, but if you look both at the XF40/AU ones on the auction page I linked, you'll see they are far better, especially the 2nd one that sold for $299
- At the end of the day, people wanting these coins will want one for the eye appeal. I'm not sure what's going on with the surfaces on this one, but eye appeal is really low. Look at this one for example, for £11.95 http://www.ebay.co.uk/itm/Italy-1920-R-50-Centesimi-Reeded-Edge-Very-Rare-TC1066-/222221028768
tldr: I understand the OP probably wants to flog it for a lot more, and if he waits 5 years perhaps he'll be able to, but I think that's a realistic value for it. Certainly in line with what I'd be willing to pay if I collected those. It's a case of catalogue values not equating to the real world due to lack of data. Just trying to be honest and ensure the OP has realistic expectations, and that buyers are aware of real value, especially as he's using the thread to kind of advertise it too.
The example provided by eBay is 1920 and it's not
rare
Yes, it was an example of a similar year for a coin which has a high book value in high grades. The first one is a 1924R and has no bids at $45. http://www.ebay.com/itm/262596480393 < 1924R coin in better grade.
If it's not rare, why is it worth more than the 1924R in MS60?
I recall being (politely) schooled by one of our Italian friends regarding the often very hefty prices which top grade coins with seemingly large mintages can attract. The prices are accurate but grading standards are very, very strict. Even the smallest of blemishes can have a drastic impact on price.
Considering that Italy was the birthplace of the Renaissance and the number of artistic geniuses she has produced, it not really surprising that their coins are among the best designed in the world. In my opinion this reached it's peak during the 20s to 40s with the many classically themed coins, like the one under discussion here.
They also made some really great choices for the material resulting in a much larger percentage of high grades surviving into the current day. Who doesn't have a dozen or so wartime 20 centimes which still look fresh from the mint?
The coinciding of very durable materials, high quality designs with much detail and relatively primitive presses means a lot of the coins were weakly struck, failing to capture much of the beauty the engravers intended.
The consequences of all of these things for the 21st century collector is a plentiful supply of well preserved coins, many of which lack details because of a poor strike rather than the usual wear. A coin may look to be lightly circulated or even show no signs at all but it will still never realise the high catalog values because of the superabundance of similar coins.
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
The OP's photos of the coin aren't the best, that's for sure, but it looks very similar to this coin (same date) that sold at Heritage last October for $176.25:
When compared to the coin in the link provided, the OP's coin falls slightly short of the grade of the coin sold at Heritage.
In my honest opinion, the coin would grade VF-30 - VF-35 at NGC/PCGS and would have a real world value of about $125 +/-.
Editied to say: Took a closer look at the OP's photos of the coin and completely agree with the statement made by Oggy that the coins surfaces (and really the coin entirely) are not very appealing to the eye. This would be reflected in the price, probably making it a sub $100 coin all things considered.
Then again, stick it in a slab and a lot of people will buy the grade given rather than the coin itself, unfortunately.
This is a very hard tipology of Italian coins.
The reliefs born very low, the nichel is easy to dent and easy to pit.
In addition the reeded edge was made in a second time (all '24 born with a smooth edge, than it were withdrawn and reeded).
So find this coin in MS63 or better is almost impossible, I find just 1 piece.(the 24 smooth is easier to find. But the impossible to find in MS63 is 1919 reeded).
In my opinion in Italian scale the coin can't reach the VF. (If you can see I've got a couple of pieces in my swap list..)
