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US New Jersey Copper  1786 to 1788
US New Jersey Copper 1786 to 1788

'Nova Caesarea' means 'New Jersey' and these old coins from Americ's colonial period are often worth lots of money if they are in good condition. Most you see are worn to a frazzle, and of those many have severe damage such as pitting, corrosion, holes, scrapes, and gouges.

DO NOT CLEAN YOUR COIN. CLEANING RUINS VALUE.

The coin in our picture comes from repsected eBay seller njnumis in (where else?) New Jersey, USA. It is in decent condition and would normally sell retail for about $300 to $400 US dollars. Heavily worn coins catalog around $50, and well preserved specimens can easily exceed the $2000 mark.

There are also several different varieties that change the value substantially. For instance, a variety with the horse's head facing left is worth about twice the right-facing variety. Detailed varieties are beyond CoinQuest's ken. Be sure to contact a knowledgable collector or a reputable dealer about your specific variety. If you want to send CoinQuest a picture, we can usually give a refined estimate as long as the picture is large and in focus. Use our Contact Us link to start an e-mail exchange with CoinQuest.

You must always be wary of counterfeits with valuable coins. If you find something too good to be true, it is! The defense against counterfeits is to buy coins that have been authenticated, graded, and encapsulated by PCGS, NGC, ANACS, or ICG (look them up on the Internet; do not use other servcies) and always buy from a trustworthy, reputable coin dealer.

CoinQuest thanks njnumis for use of their coin photo. It is a nice one.

Coin: 7793 , Genre: United States
Requested by: , Fri, 20-May-2011 20:24:13 GMT
Answered by: Paul, Mon, 18-Nov-2013 05:15:35 GMT
Reviewed by CoinQuest. Appraisal ok., Fri, 17-Jul-2015 14:21:09 GMT
Requester description: 1788 New jersey cent
Tags: us usa new jersey copper coppers bronze coppery brass cupro cent peny cents pennys pennies penny nova caesarea pluribus unum horsehead horse pluribs plirbis pluribusunum epluribus plurabus urum vnvm pony hores horseback horses stallion plow star starburst coat arms shield starrs stars burst coats crests insignia crested crest creast sheild shiled shied chevrons shileld shild escucheon shelid chevron ashield shields

Comments

How rare would an 1786 15-U in AU55 be? What sort of value on an untouched coin of this type, meaning no doctoring of any sort, have in the market place? - Wolfram2112
Hi Wolfram -- I wanted to give you some hard auction results to answer your question, but I could not find a 1786 coin in AU condition in our auction results database. The closest I could come is this nice 1787 example (NGC XF40) from Daniel Sedwick which sold for $550 US dollars in a 2010 auction. The US market has not moved much since 2010, but an AU-55 would certainly double this price, but I doubt triple it. I do not know what a 15-U variety is, so you will have to adjust this result to account for variety. I have never graduated to regions more lofty than Red Book varieties! Of course your coin must be slabbed by PCGS, ICG, NGC, or ANACS to achieve such pricing. - CoinQuest (Paul)

  

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