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When buying a coin you like, CAC or not how do you approach a VF-35 graded coin?
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How do you figure what you are willing to pay or not pay? Assume its a nice coin and you like it. Its not VF20 and its not XF40.. How do you arrive at a buy price?
Or do you pass and label it a "trap coin"
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Have owned at least a few early dollars in vf 30 and 35.
Recent auction archives provide very good price guidance
There’s no reason to think coins of that grade are any more likely to be “trap” coins than those of any other grade.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I'd approach it carefully but in no way dismissively. Instead of a trap coin, those can be great for the price and for relative rarity, on say Barber or early Walkers (just as an example) that are so tough to find in PQ mid-circ grades.
Gonna get me a $50 Octagonal someday. Some. Day.
I approach a VF-35 coin the same way I approach every other coin grade. I ask myself, "do I like the coin and grade enough to pay the asking price?" If I do, then I buy it regardless of grade. I love my VF-35.
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Auction records are best source for price, but quality of coin makes a huge difference.
However, many dealers will try to buy it for vf-20 money, especially at a show
I like that grade.
Often very good detail and original surfaces at an affordable price.
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Sneak up on it. Some pretty scarce coins can be found for reasonable prices in 35. Some coins some of us would never be able to acquire in MS, but in 35 can get a nice one. Just be sure it's a good 35.
Will a buyer be willing to pay a premium over ordinary VF? The answer in most cases is likely to be "no". Think like a dealer and buy like a dealer ...
I find VF-35 coins in slabs to be very attractive. They just have the "look.". I'm not saying that they're under graded, But so many times they just look better that EF 40-45. To me at least. Just preittier! And.....I don't own any. Go figure.
Extrapolate.
If you're referring to me......I'm trying, but stumped for a response. I'll sleep on it.
If I like the coin, I will either pay the price or negotiate.....but likely buy it in the end. It is not the grade, it is the coin. Cheers, RickO
I'm guessing that buyer doesn't buy very many VF35 coins if any at all.
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If it's a wholesome original coin...this dealer pays a handsome premium for VF35's over a VF20!
It might sound trite, but the way I view a VF-35 is that it’s coin where you might have a couple minute debate on whether or not it’s an EF-40
Here is an example. A few years ago, I put together a date and major variety set of Bust Dollars. The last coin I bought was this 1798 Small Eagle piece. This is a VF-35, and it’s the lowest grade coin in the set. Upon seeing this piece, I decided that it would be okay and save some money by buying the slightly lower grade example of a scarce coin.
This 1798 Large Eagle is a semi-important coin. It is a BB-101, Bolender 17. It was the plate coin in one of the earlier editions of Dave Bowers' silver dollar book. This is graded EF-40. Some might find that to be a tad conservative; there is certainly no reason to grade it any lower.
My interpretation: VF35 should be a choice VF coin for which one should expect to pay close to XF money. The differences between amounts of wear across the 4 VF grades is small. 35 should be not only close to 40 in terms of wear, but also a really nice coin. The only reason it misses 40 is wear. If its wholesomeness is compromised, it should be called 30. The coins shown above are clearly choice VF. An XF40 with minor issues that cause it to be "netted" to a lower grade should be called 30.
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Not. ( you mentioned CAC, or not).
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I view 35 coins as "I vacillate whether or not it has a shot at 40". There are a lot of super nice coins in this grade and will likely be what I aspire to when I put together an 18th C type set...
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Even VF30's are worth a close look. I would wager I have at least a dozen or more 35's that are solid XF's. While this example is extreme, this is why you have to look at the coin and not the holder.
This:
Turned into this:
Or, Interpolate 😉
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I would simply refer to CF and go from there in evaluating MV or premium above VF 20. VF 35 coins trade at a premium vs VF20 this can vary based on the issue. Regardless would price cost plus / accordingly.
These are nice circ coins which will sell. For me it’s the coin and it’s potential in the marketplace. Can be like a 4 star recruit with A plus potential.
I too approach them the same way I would for any grade.
Eye appeal and clean grade. My forum id picture is a VF-25 CAC and I love it.
Mine is a VF35 and I like it more than the higher graded coins I've seen for that date.
I love VF-35 coins if the price is right. I was able to buy my 78-CC Trade $ for almost $2000 less that an XF-40. Since then the prices have went up a lot on the VF-35.
Looks 40 to me , T.Dave!
Probably bumped down a notch for the pot marks. Nice Original Look!