Glennz
Elite Member
Well i have an 1865 2 cent piece in AU condition 55 or greater that has some enviromental rust bubbles damage (probabl came from a coastal state. How much might this drop its value?
That's an awesome coin! I'm not familiar with coin grading at all.
I hate to say it, but those little corrosive marks will override the AU grade. AU means what it means, almost un-circulated. For the most part, an AU grade is just under mint status with only minor wear and blemishes/nicks/marks. The coin is still cool and valuable, but you would have to bring it to a local coin shop for review and appraisal. Keep in mind most local coin shops will take a direct 40% off red book values and use gray sheets.
As a former coin dealer and lifetime coin collector I can tell you honestly that though the coin is in good shape not counting the environmental damage, it would be difficult to get good money for it. The reverse side is especially bad.
I know this may seem like bad news but I'm being truthful. Gorgeous coin otherwise....