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What am I missing here on this PCGS 1918/7-D XF40 5c

MaxMax Posts: 124
in U.S. Coin Forum
Don't these go for more like $4-5k? Even at that price for a pop ?/100+ coin I feel it is over valued.

PCGS 1918/7-D XF40 5c auction

Comments

  • islemanguislemangu Posts: 1,391 ✭✭✭
    The power of a real time auction open to the coin loving masses (including the rich and uninformed) from the comfort of their homes. Whoever and however they came about, ebay is it for the future in coins.
    The setting up of other roads
    To travel on in old accustomed ways
    I still remember the talks by the water
    The proud sons and daughter
    That knew the knowledge of the land
    Spoke to me in sweet accustomed ways
  • BigD5BigD5 Posts: 3,433 ✭
    It sold for what it should sell for. Find another. image Find another a little better. image The price skyrockets after au, and there is no way you can pick up an au for anywhere near the sheet price. The coin at least doubles in price at unc. putting the xf and au graded coins in higher demand. The Greysheet numbers for a coin like this aren't even close. Well, maybe close, but very low.
    BigD5
    LSCC#1864

    Ebay Stuff
  • goose3goose3 Posts: 11,471 ✭✭✭
    The high bidder is Jay Parrino. He pays VERY strong money for key date coinage.
  • MaxMax Posts: 124
    It would be nice if a dealer would share his thoughts on this auction.

    The winning bidder paid 7,777.

    From heritage site, all PCGS unless mentioned.

    Wednesday, August 08, 2001 4,888
    Saturday, February 23, 2002 4,830
    Tuesday, May 08, 2001 4,300
    Saturday, March 22, 1997 3,565 NGC
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    Max - we have been able to sell VF, XF (for which CDN bid is $5850 and ask is $6350) and AU examples to other dealers for CDN levels in the past.

    As a dealer, we would probably be a buyer at approximately the $6000 level and we're not THE highest buyer on coins like that. The winning price seems somewhat high, but $4000-$5000 is way too low for such a coin in the current market.
  • UncleJoeUncleJoe Posts: 2,544 ✭✭✭
    Prices for this coin have jumped (though I tend to agree that the final price for this particular coin seems high).

    My question is: Is this everyone's idea of an EF (XF) coin?

    Joe.
  • Cam40Cam40 Posts: 8,146 ✭
    If it isnt quite an EF but is labled as such it would be because of a thing called market grading.
    The more sought-after the coin is, the more leeway is given in grading I think.

    Market grading only benefits the dealers and / or sellers and ultimately hurts the buyers.

    Thats my take on it anyway.

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