Hopefully about to get this absolute gem of a coin (Mint State Buffalo Nickel)
SummerDays3104
Posts: 499 ✭✭✭✭
What do you guys think the value is on it?
3
SummerDays3104
Posts: 499 ✭✭✭✭
Comments
Pass. Weak date. A very common coin in mint state. Wait until a nice one slabbed by a major TPG comes along. That way you don't have guess about how it will grade.
I interpret this to mean that you are trading $40 in material and/or cash for this coin. An AU is around a $40 coin so I see little downside from that front. However, a certified MS65 is also "only" around $140 or so and this means that there is tremendous price compression for this issue. Therefore, if and when you attempt to sell or trade this coin you will be fighting the headwinds of those folks who are aware of this price compression and who would rather add the extra $100 to buy a certified gem.
The coin itself appears attractive enough and the reverse looks like it have some light pastels on it.
In honor of the memory of Cpl. Michael E. Thompson
Go for it, great start to a nice set. You can always upgrade years down the road as your income grows. Meanwhile pick that baby up and smile all day long!
bob
As a fellow low budget collector I think you did ok.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Nice coin for sure. Congratulations
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Looks pretty solid to me, for forty bucks in trade.
It appears that you could get fair value for your trade - though we have no idea of what you traded for it. Normally, I would recommend getting a slabbed coin. Will you submit it for grading? Cheers, RickO
It’s always better to buy mint state certified, if you can, especially, when the price difference is little, but if that’s all your budget allows, then you did fine. You won’t lose and you can upgrade later. As a beginner and a YN you should be learning and having fun, which I think you are doing.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Depends on what you want it for. If it's an album I think this is a fine coin. But if you really want an impressive buffalo nickel you might find saving to get a MS one worthwhile. For what it's worth I have a very similar buffalo in my album.
I own about twenty just like this,,, don't sweat it.
My fav coin is the lowly 1938d and I own it in almost every grade.
Send it in for grading and keep it as a momento and a useful comparison grading tool for future purchases.
There is a Red Book that focuses on Buff nickels and talks all about strike by year, quality each mint produced, etc...
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
It’s a nice looking coin, congrats! Try to ignore the grumps on this board, who have mostly forgotten the excitement of being a YN.
I have not forgotten about the excitement of being a young numismatist, nor have I forgotten about all the expensive mistakes I made while being one.
It is a nice coin and I think you will enjoy owning it. Tom's post above has some very solid advice on the values for this date that may be helpful to you.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I thought you had received the coin for the equivalent of $40? I imagine that this was part of a larger deal of coins and cash going back-and-forth and that you assign a $40 equivalent value to it in the trade. Is that correct? As for grading it at a TPG, do you want to invest the additional funds? Do you believe it would grade MS65? If it comes back as an MS63 then you are more-or-less at a break even point and might be underwater. That is up to you.
In honor of the memory of Cpl. Michael E. Thompson
"Pictures don’t show anything about grading unfortunately"
I agree that the above statement can be true, but that kind of makes your opening question to this thread ("What do you guys think the value is on it?) moot, doesn't it?
In honor of the memory of Cpl. Michael E. Thompson
The quality of the images you have supplied is not great, but I realize this is all you have at the moment. Therefore, the valuations that folks can realistically give to you will be limited in utility due to the images. I have already given you a window of approximate value based upon the images. If you want a more granular price then the images (which you do not have, I understand) should be better or else they are simply guesses on the part of everyone else.
In honor of the memory of Cpl. Michael E. Thompson
Yes and no. It's hard to be definitive from photos, even good ones. In the case of that particular coin, the price is fairly flat from AU through MS63. So, the short answer is that it is probably OK at $40 but not a steal.
There is something going on in the hair. It may be a planchet defect. I don't see it going 64 or 65 which is the only way it would be worth grading.
The people with the shorter answers are just trying to express that more concisely and may be coming off as brusque. And some people are rather insistent on only buying what they perceive a quality and forget there are budgeted collectors out there. 90% of what I sell, profitably, they would turn up the nose at.
And you also sort of greased the wheels with the thread title which comes off as overselling a fairly common coin.
I suspect it could be a problem coin. The area just above the date has parallel lines going from 1 o'clock to 7 o'clock. They could be on the mylar of the 2x2 or on the coin. It almost looks like an attempt to remove the darker spot near the tips of the feathers.
There also is a rim edge issue on the obverse near 3 o'clock - lamination?
If you like it, that is all that matters.
I'm at a loss regarding the two respondees who ask/suggest to grade this coin. Where's the value proposition?
"Got a flaming heart, can't get my fill"