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1937-D 3 Legged Buffalo Purchase Opinions

USSID17USSID17 Posts: 1,264 ✭✭✭✭✭

Based on these pictures, what would you consider a reasonable purchase price for this coin? Would my non-professional $550.00 estimate be in the ballpark? Thanks!

Comments

  • 291fifth291fifth Posts: 24,316 ✭✭✭✭✭

    Why do you want it? It is just a very over-hyped die polishing variety that long ago made its way into the Red and Blue Books and coin albums. Just say no.

    All glory is fleeting.
  • MFeldMFeld Posts: 13,368 ✭✭✭✭✭

    If the coin hasn’t been cleaned and doesn’t have other problems not apparent in the images, your suggested number sounds right on the money to me. However, your images aren’t clear enough for me to be confident that I know what the surfaces really look like.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • PerryHallPerryHall Posts: 46,063 ✭✭✭✭✭

    Looks like a decent coin at a fair price. I'd buy it if I were in the market for this coin. I like the old small ANACS slab and consider this to be an added bonus.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • braddickbraddick Posts: 23,912 ✭✭✭✭✭

    $550. is too cheap. These have been the same cost for over 20 years now, for whatever reason. I sold three of these 12 years ago (for about $800. each- graded XF by PCGS) and that is about what I paid for them five or ten years earlier.

    peacockcoins

  • PerryHallPerryHall Posts: 46,063 ✭✭✭✭✭

    I think the owner will want a higher "best offer" for this coin considering he currently has it listed it for over $800.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    I'm with the $550.00 is too cheap.

  • jdimmickjdimmick Posts: 9,664 ✭✭✭✭✭

    I actually like the look of this coin, and yes550 is good price, Id buy it at that and Im a dealer

  • WCCWCC Posts: 2,571 ✭✭✭✭✭

    The last two sales in a P-45 holder were for over $700. None listed for NGC and ANACS is not included in coverage.

  • mr1931Smr1931S Posts: 6,226 ✭✭✭✭✭

    If the coin can be bought for $550, go for it. I would want a buck or two more if it was my coin for sale.

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • jmlanzafjmlanzaf Posts: 33,794 ✭✭✭✭✭
    edited May 12, 2021 6:54AM

    @291fifth said:
    Why do you want it? It is just a very over-hyped die polishing variety that long ago made its way into the Red and Blue Books and coin albums. Just say no.

    You could say the same of SVDB cents and 16-D dimes. Heck you could say the same about any coin that sells for more than face or bullion value. Dealers hyping coins to make them seem collectible.

  • thebeavthebeav Posts: 3,783 ✭✭✭✭✭

    I'd gladly pay 550.

  • PerryHallPerryHall Posts: 46,063 ✭✭✭✭✭

    It's for sale on eBay for $865 or best offer. What is the chance the seller will accept an offer of $550?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • HalfDimeDudeHalfDimeDude Posts: 1,205 ✭✭✭✭✭
    edited May 12, 2021 5:14AM

    As both a buffalo and variety collector ,this variety and grade has been steady in the $750/800 range in xf for many years now. At $550.00 in the condition of xf I certainly would be a buyer as that leaves about $200 on the bone. In the old Anacs soap bar , I see this as spot on grade and well worth a 750/800 price tag. Plus the two major pups the buffalo peeing,and moth eaten rear leg it is genuine for sure....
    "Why would they want it" duh....its an iconic coin and variety, that over the test of time would and has held its value to start with...compared to any other modern hyped specimens on the market today from the U.S. mint or any other mint for that matter!

    "That's why I wander and follow La Vie Dansante"

  • MarkKelleyMarkKelley Posts: 1,869 ✭✭✭✭✭

    I'd buy it at 550. I certainly wouldn't sell it for that.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Looks like a nice coin and appears fairly graded..... Based on the input above, $550 would be a good deal if you could get it. Cheers, RickO

  • USSID17USSID17 Posts: 1,264 ✭✭✭✭✭

    Thanks for the replies, feedback and opinions gents! This one just jumped out at me and caught my eye.

    You answered and articulated my non-professional question.

  • ConnecticoinConnecticoin Posts: 12,804 ✭✭✭✭✭

    @PerryHall said:
    It's for sale on eBay for $865 or best offer. What is the chance the seller will accept an offer of $550?

    Close to zero

  • jmlanzafjmlanzaf Posts: 33,794 ✭✭✭✭✭

    @Connecticoin said:

    @PerryHall said:
    It's for sale on eBay for $865 or best offer. What is the chance the seller will accept an offer of $550?

    Close to zero

    $550 is Greysheet bid. I assume that's where the OP got that number.

  • USSID17USSID17 Posts: 1,264 ✭✭✭✭✭

    @jmlanzaf said:

    @Connecticoin said:

    @PerryHall said:
    It's for sale on eBay for $865 or best offer. What is the chance the seller will accept an offer of $550?

    Close to zero

    $550 is Greysheet bid. I assume that's where the OP got that number.

    Bingo! It's a few years dated but I don't think it's changed much.

  • jmlanzafjmlanzaf Posts: 33,794 ✭✭✭✭✭

    @USSID17 said:

    @jmlanzaf said:

    @Connecticoin said:

    @PerryHall said:
    It's for sale on eBay for $865 or best offer. What is the chance the seller will accept an offer of $550?

    Close to zero

    $550 is Greysheet bid. I assume that's where the OP got that number.

    Bingo! It's a few years dated but I don't think it's changed much.

    Just call me Mr. Holmes. Sherlock to my friends.

    $550 should be viewed as a legitimate wholesale price. The market being hot right now, $600 might be more the case. As others have mentioned, sales tend to be more in the $700 range. I would put the bid/ask o that coin at $600/$750 right about now, for what it's worth.

  • MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    @jmlanzaf said:
    $550 should be viewed as a legitimate wholesale price. The market being hot right now, $600 might be more the case. As others have mentioned, sales tend to be more in the $700 range. I would put the bid/ask o that coin at $600/$750 right about now, for what it's worth.

    Considering the above, and that greysheet prices are for wholesale sales (which don't include shipping costs or eBay fees, I presume), $550 would seem to be somewhat of a lowball offer to me if I were the seller.

  • BuffaloIronTailBuffaloIronTail Posts: 7,479 ✭✭✭✭✭

    @Connecticoin said:

    @PerryHall said:
    It's for sale on eBay for $865 or best offer. What is the chance the seller will accept an offer of $550?

    Close to zero

    It's a real nice coin for the type. Yea, 550 won't go, I'm afraid.

    It doesn't hurt to try, though. Just hedge on the optimism a bit.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • retirednowretirednow Posts: 522 ✭✭✭✭✭

    can not tell from the photos but if a no problem 45 then auction but prices support that range (considering with House 20% fee) 500 to 600 is reasonable.

    Check out PCGS auction archives and look at the photos from the posted auctions to evaluate.

    below is the copy form PCGS for recent XF45 pieces
    Buffalo Nickel, 1937-D 3 Legs MS

    PCGS # Date Price Grade Svc. Firm Sale Type Lot # Notes
    3982 Jul-2020 $552 XF45 PCGS Stack's Bowers July 2020 Collectors Choice Online Auction U.S. Coins Auction 92171
    3982 Jun-2020 $600 XF45 PCGS Heritage Auctions Internet U.S. Coin Auction #132026 Auction 27051
    3982 May-2020 $540 XF45 PCGS Heritage Auctions Internet U.S. Coin Auction #132019 Auction 21322
    3982 Apr-2020 $540 XF45 PCGS Heritage Auctions Internet U.S. Coin Auction #132018 Auction 29191
    3982 Apr-2020 $576 XF45 PCGS Heritage Auctions Internet U.S. Coin Auction #132015 Auction 23161
    3982 Feb-2020 $600 XF45 PCGS Heritage Auctions Internet U.S. Coin Auction #132009 Auction 27185
    3982 Dec-2019 $630 XF45 PCGS Heritage Auctions Internet U.S. Coin Auction #131952 Auction 27133
    3982 Jul-2019 $546 XF45 NGC Scotsman Scotsman's Summer Sale 2019 Auction 673
    3982 Jun-2019 $528 XF45 NGC Heritage Auctions Internet U.S. Coin Auction #131926 Auction 27204
    3982 Jun-2019 $650 XF45 PCGS David Lawrence RC Internet Auction #1070 Auction 4139
    38475 May-2019 $528 XF45 NGC Heritage Auctions Internet U.S. Coin Auction #131920 Auction 23172

    OMG ... My Mother was Right about Everything!
    I wake up with a Good Attitude Every Day. Then … Idiots Happen!

  • WCCWCC Posts: 2,571 ✭✭✭✭✭

    My prior post was upon the last two auctions in Coin Facts, both in the last two months, one for $720 and the other for $780. I didn't look at the listing to compare the coins.

  • BuffaloIronTailBuffaloIronTail Posts: 7,479 ✭✭✭✭✭

    @retirednow said:
    can not tell from the photos but if a no problem 45 then auction but prices support that range (considering with House 20% fee) 500 to 600 is reasonable.

    Check out PCGS auction archives and look at the photos from the posted auctions to evaluate.

    Very interesting..............................

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • mr1931Smr1931S Posts: 6,226 ✭✭✭✭✭

    It's for sale on eBay for $865 or best offer. What is the chance the seller will accept an offer of $550?

    Same answer to the question as,"what are the chances that a bear doesn't do its business in the woods?"

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • retirednowretirednow Posts: 522 ✭✭✭✭✭

    @WCC said:
    My prior post was upon the last two auctions in Coin Facts, both in the last two months, one for $720 and the other for $780. I didn't look at the listing to compare the coins.

    Correct .. I had only sorted XF45 but should have had a broader view as I can see a trend higher this year with a few XF 40 at the 700 level and VF pieces at the 500 $ level. One does need to check photos and CAC stickers to see if PQ pieces

    OMG ... My Mother was Right about Everything!
    I wake up with a Good Attitude Every Day. Then … Idiots Happen!

  • mr1931Smr1931S Posts: 6,226 ✭✭✭✭✭

    If the coin hasn’t been cleaned and doesn’t have other problems not apparent in the images, your suggested number sounds right on the money to me. However, your images aren’t clear enough for me to be confident that I know what the surfaces really look like.

    ANACS gave it a straight choice EF grade? Appears to be a very nice example of 3 legged '37-D to me.

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    Recent eBay sales of XF45 graded pieces:

    $999.99 Mar 14, 2021
    $869.00 Mar 9, 2021
    $825.00 May 5, 2021
    $774.00 Feb 27, 2021
    $760.00 Apr 13, 2021
    $737.00 Apr 21, 2021
    $690.00 May 9, 2021
    $665.00 Apr 9, 2021

  • mr1931Smr1931S Posts: 6,226 ✭✭✭✭✭

    Recent eBay sales of XF45 graded pieces:

    I get $789 average.

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • MFeldMFeld Posts: 13,368 ✭✭✭✭✭

    @MasonG said:
    Recent eBay sales of XF45 graded pieces:

    $999.99 Mar 14, 2021
    $869.00 Mar 9, 2021
    $825.00 May 5, 2021
    $774.00 Feb 27, 2021
    $760.00 Apr 13, 2021
    $737.00 Apr 21, 2021
    $690.00 May 9, 2021
    $665.00 Apr 9, 2021

    Do you equate the value of ANACS examples with PCGS? NGC? Those were not rhetorical questions.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    @MFeld said:
    Do you equate the value of ANACS examples with PCGS? NGC? Those were not rhetorical questions.

    Just based on the company who graded the coin? No. IMO, it would be best to evaluate the values of the coins based on their actual appearances, not on the grades on the labels or the company who did the grading.

  • MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    FWIW, the coin in the OP has now been sold for $755 + $20 shipping.

  • USSID17USSID17 Posts: 1,264 ✭✭✭✭✭

    @MasonG said:
    FWIW, the coin in the OP has now been sold for $755 + $20 shipping.

    Okay, who's the wiseguy? Who's the culprit? Spill your guts!! ;)

  • yspsalesyspsales Posts: 2,299 ✭✭✭✭✭

    Cool as they are, for me, the old ANACS slab might point to a hidden issue.

    Not that you need it in a N or P holder for a 3Leg XF, but why was it never crossed?

    I would have factored in the cost of crossing over in my offer... $650ish

    Might as well pay up for the one in a PCGS holder if this was important... and yes, I am that guy.

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

  • fiftysevenerfiftysevener Posts: 907 ✭✭✭✭

    @koynekwest said:

    @291fifth said:
    Why do you want it? It is just a very over-hyped die polishing variety that long ago made its way into the Red and Blue Books and coin albums. Just say no.

    Some collectors happen to like the variety. I'm one of them. It's been collected as an anomaly virtually since its
    manufacture.

    Proofs of those years have way too much obvious die polishing. Uncirculated coins should not have die polishing to that extent. These are not rare and probably not even scarce as many major dealers normally have several in stock.

  • rec78rec78 Posts: 5,730 ✭✭✭✭✭

    @MFeld said:

    @MasonG said:
    Recent eBay sales of XF45 graded pieces:

    $999.99 Mar 14, 2021
    $869.00 Mar 9, 2021
    $825.00 May 5, 2021
    $774.00 Feb 27, 2021
    $760.00 Apr 13, 2021
    $737.00 Apr 21, 2021
    $690.00 May 9, 2021
    $665.00 Apr 9, 2021

    Do you equate the value of ANACS examples with PCGS? NGC? Those were not rhetorical questions.

    One XF 45 does not equal another XF 45. This is where disgretion comes in. Your XF-42 does not match up to my XF-49, even though both are graded XF-45.

    image
  • jmlanzafjmlanzaf Posts: 33,794 ✭✭✭✭✭
    edited May 12, 2021 1:39PM

    @yspsales said:
    Cool as they are, for me, the old ANACS slab might point to a hidden issue.

    Not that you need it in a N or P holder for a 3Leg XF, but why was it never crossed?

    I would have factored in the cost of crossing over in my offer... $650ish

    Might as well pay up for the one in a PCGS holder if this was important... and yes, I am that guy.

    There's a simple reason why that coin wouldn't be crossed. It has nothing to do with problems. It would cost $40 to cross a coin that would be worth at most $50 more.

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    "These are not rare and probably not even scarce as many major dealers normally have several in stock."

    True-not at all rare but they are quite the novelty. Very popular, too.

  • mr1931Smr1931S Posts: 6,226 ✭✭✭✭✭
    edited May 12, 2021 2:21PM

    why was it never crossed?

    Some collectors/owners don't care very much about the brand of holder a coin might be in.

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • WCCWCC Posts: 2,571 ✭✭✭✭✭

    @fiftysevener said:

    @koynekwest said:

    @291fifth said:
    Why do you want it? It is just a very over-hyped die polishing variety that long ago made its way into the Red and Blue Books and coin albums. Just say no.

    Some collectors happen to like the variety. I'm one of them. It's been collected as an anomaly virtually since its
    manufacture.

    Proofs of those years have way too much obvious die polishing. Uncirculated coins should not have die polishing to that extent. These are not rare and probably not even scarce as many major dealers normally have several in stock.

    The TPG population data support that it's a common coin even considering duplicates. A very common coin for a die variety. It's not even scarce in MS.

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    One reason for their availability is due to the fact that they were publicized-and saved-very shortly after their mintage. But TPG populations can be skewed to a degree by resubmissions hoping for a higher grade.

  • MFeldMFeld Posts: 13,368 ✭✭✭✭✭

    @WCC said:

    @fiftysevener said:

    @koynekwest said:

    @291fifth said:
    Why do you want it? It is just a very over-hyped die polishing variety that long ago made its way into the Red and Blue Books and coin albums. Just say no.

    Some collectors happen to like the variety. I'm one of them. It's been collected as an anomaly virtually since its
    manufacture.

    Proofs of those years have way too much obvious die polishing. Uncirculated coins should not have die polishing to that extent. These are not rare and probably not even scarce as many major dealers normally have several in stock.

    The TPG population data support that it's a common coin even considering duplicates. A very common coin for a die variety. It's not even scarce in MS.

    That doesn’t really matter. Many relatively common coins and other items are very popular and as a result, sell for more than they othwrwise would.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • WCCWCC Posts: 2,571 ✭✭✭✭✭

    @MFeld said:

    @WCC said:

    @fiftysevener said:

    @koynekwest said:

    @291fifth said:
    Why do you want it? It is just a very over-hyped die polishing variety that long ago made its way into the Red and Blue Books and coin albums. Just say no.

    Some collectors happen to like the variety. I'm one of them. It's been collected as an anomaly virtually since its
    manufacture.

    Proofs of those years have way too much obvious die polishing. Uncirculated coins should not have die polishing to that extent. These are not rare and probably not even scarce as many major dealers normally have several in stock.

    The TPG population data support that it's a common coin even considering duplicates. A very common coin for a die variety. It's not even scarce in MS.

    That doesn’t really matter. Many relatively common coins and other items are very popular and as a result, sell for more than they otherwise would.

    Yes, I am aware of it. It doesn't matter now.

  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    @291fifth said:
    Why do you want it? It is just a very over-hyped die polishing variety that long ago made its way into the Red and Blue Books and coin albums. Just say no.

    Why? Because I like it and it has a distinctive look. 291fifth don’t like it and thats not a problem. But enough other people
    like it to pay the money.

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"

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