? on proof Indian Cent pricing
ajaan
Posts: 17,454 ✭✭✭✭✭
I was at a coin show today and saw a nice 1904 1c PCGS PE65BN in a dealer's case. He wanted $440 for it. I looked at the PCGS price guide and Greysheet values an am wondering if $440 is a good price. Thanks.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
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Comments
I wouldn’t base my research/decision on just the two price guides you mentioned. There should be a good number of auction archive results available for examples of that type, grade and color designation.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
It's a little on the high side, but not too crazy. $375-$400 seems about right, but certain specimens may go for a bit more, such as ones with colorful toning, or dramatic cameo look.
Dwayne F. Sessom
Ebay ID: V-Nickel-Coins
Regardless of price, what did the coin look like? In my experience, some of the worst quality collections I have ever had the misfortune to examine were built by price-buyers. Don't be one of those.
In honor of the memory of Cpl. Michael E. Thompson
Very attractive IMO. If he still has it at the next show, I may pick it up.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Don't rely just on comps. One coin may be a dog at $440 but another a steal if the look of the coin has an excellent/outstanding look.
The is a huge variation in quality among "BN" graded Indian cents. The coin could be worth less than greysheet if it has dull surfaces and a few tiny carbon flecks. It could be worth multiples of greysheet with deep mirrors and a little color. No way you can put a value on that coin based on assigned grade.
For comparison purposes this is my 1904 IHC PR66BN:
I think I paid about $1,500 for it. A PR65BN for about $450 seems like a petty good deal. If it has nice color I think it would be worth more than $800.
OINK
@ajaan ... Good advice above. That being said, waiting for the next show often ends up with the coin already gone. Contact the dealer if possible... If not... Best of luck. Cheers, RickO