Need help in pricing an 1878 3 cent in PCGS 67 CA
cameoproofcoins
Posts: 128 ✭✭
I just got back my 1878 3 cent nickel in proof 67 cameo. I had someone interested and don't know exactly how to price it. It is a pop 2 coin. Also, is it accepted practice to e-mail registry owners and ask them if they want to bid? Thanks for the help.
Bill
Coin Junkie
cameoproofcoins.com
Coin Junkie
cameoproofcoins.com
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Assuming it is a silver 3c piece, and depending on who did the certification, it should be well over $5,000.
Wish I could buy it!
Whoops! Did I say "silver" - please ignore previous message. I just looked it up and in NICKEL my guess would be $17,000+. I think the best way to sell a coin like that would be on consignment in one of the major auctions, Long Beach, etc. The company that did the grading is critical on a coin like this. I presume you used PCGS?
Jan
Sorry to say that my estimated value would be MUCH lower. The last non-cameo sold by HNA brought $1601 in March Link
Before that, another sold for $3450, last July. However, based upon the images, it appears to be an obvious "Cameo". So, my guess would be that the winning bidder (and at least one underbidder) bid that high because they thought it was a "Cameo" and/or a PR68. Link
While your coin is currently a pop 2, PCGS has certified 25 PR66 Cameo's and the 1878 is one of the more common ones to be found in "Cameo". All things considered, I think a realistic asking price would be in the mid-$3000 range.
<< <i>Also, is it accepted practice to e-mail registry owners and ask them if they want to bid? >>
If memory serves me correctly, this has been done before, so I would say it is acceptable. If the Registry Participant doesn't want any e-mail regarding their set, they could hide their e-mail from public view.
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I have received more than one email from DHRC notifying me of coins for sale that would improve my set(s). Is it because I am on their mailing list because I have purchased from them in the past? Is someone trolling the reg sets looking for potential customers? I don't know the real answer to that one.
Here's a warning parable for coin collectors...
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