Smart Buying Guide: How to Buy Definitive proof that 1888 last 8 over 7 is not an overdate Without Getting Ripped Off

Understanding the 1888/7 Indian Head Cent Controversy

The 1888/7 Indian Head Cent has sparked intense debate among collectors for decades. Some argue it’s a legitimate overdate variety, while others claim it’s simply a rehubbed damaged die. This controversy creates both opportunities and risks for collectors looking to acquire this fascinating piece.

Historical Significance

This coin holds a special place in numismatic history. According to forum discussions, it has been studied extensively, with some collectors claiming it represents “the rarest error coin in US mint history.” However, the debate centers on whether it’s truly an overdate or a result of die damage and rehubbing.

Expert opinions vary significantly. As one forum member noted, “I was the one who spent ten years back in the 70’s and 80’s convincing Ken Bressett to downgrade the so-called 1869/68 cent to a mere repunched date.” This same expert sees no reason to doubt the overdate status of the 1888/7 cent, while others firmly disagree.

Where to Buy

When looking to purchase this controversial variety, consider these primary sources:

• Major coin shows where you can examine pieces in person
• Reputable online dealers specializing in Indian Head Cents
• Heritage Auctions and other major auction houses
• Certified coin marketplaces like PCGS CoinFacts

Based on forum data, there are 77 examples graded by PCGS, though some of these may be upgrade attempts. The limited population makes this a challenging coin to acquire.

Red Flags to Watch For

Several warning signs should alert you to potential problems:

• Dealers who claim absolute certainty about the overdate status without acknowledging the controversy
• Prices that seem too good to be true for a “rare” variety
• Sellers who cannot provide clear, high-resolution images of the date area
• Coins that don’t match the known characteristics of genuine examples

One forum member pointed out a critical issue: “S1 and S10 have totally different date positions. OP has gone through a lot of trouble, words, and pictures to prove nothing.” This highlights the importance of understanding the technical details before making a purchase.

Negotiating Tips

When negotiating for this coin, consider these strategies:

1. Point out the ongoing controversy about its status to potentially negotiate a better price
2. Request certification from multiple grading services if possible
3. Compare prices across multiple dealers to establish fair market value
4. Consider purchasing during slower market periods for better deals

As one collector noted, “Whatever it is, I think it’s massively overrated.” This sentiment could work in your favor during negotiations.

Raw vs. Slabbed Considerations

The decision between raw and slabbed coins is particularly important for this variety:

Slabbed Coins:

• Provide authentication and grading assurance
• Typically command higher prices
• May be overpriced due to the controversy surrounding the variety

Raw Coins:

• Allow for personal examination and authentication
• May offer better value if you can verify authenticity
• Require more expertise to evaluate properly

One collector advised, “I prepared to step into this thread by re-reading the 2024 thread, but then had to go lie down for several hours with a bad case of Mogo of the Ga-go-go.” This suggests the complexity involved in evaluating these coins.

Technical Evaluation

When examining potential purchases, pay close attention to:

• The position and characteristics of the date
• The irregular top of the nub, which has been a point of contention
• The overall die state and any signs of damage or rehubbing
• Comparison with known genuine examples

As one expert explained, “Assuming a new 1887 die to begin with, the geometry at the top of the nub comes from the bottom of the incused 7.” Understanding these technical details is crucial for making informed purchases.

Market Analysis

The market for this variety remains active despite the controversy. As one collector noted, “To a IHC collector, this overdate (yes, it is an overdate), is hardly overrated, let alone massively overrated.” However, the debate continues to influence pricing and availability.

The clustering of overdates in certain periods, as discussed in the forums, suggests that this variety fits into a broader pattern of Mint practices. This historical context can inform your collecting strategy.

Conclusion

The 1888/7 Indian Head Cent represents both an opportunity and a challenge for collectors. Whether you believe it’s a legitimate overdate or a result of die damage, understanding the controversy and technical details is essential for making informed purchasing decisions.

Focus on acquiring coins from reputable sources, carefully examine all potential purchases, and don’t be afraid to negotiate based on the ongoing debate about the variety’s status. With patience and knowledge, you can add this historically significant piece to your collection while avoiding common pitfalls.

Remember that the controversy itself has become part of the coin’s story, making it a fascinating addition to any Indian Head Cent collection regardless of your position on its technical status.

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