How can the CU price guide list a price for a coin that has never been sold?

Russ

The guide shows a price of $455 for the 1869 Two Cent Piece in MS65BN. I know for a fact that none has ever been sold, since I own the only one.

Russ, NCNE

tradedollarnut

I would guess that there are quite a few coins of that grade that aren't certified that have traded ... most don't bother to resubmit after the bag!

Russ

<< <i>most don't bother to resubmit after the bag! >>



Yeah, I'm kind of a stubborn sunnybeach.

Russ, NCNE

jeffnpcb

They factored in the cost raw, the resubmissions and BB's and came up with that amount of what it cost you to get an MS65.

Robgetty

Maybe they used the magic 8 ball??

hookedoncoins

They probably compare it with the same grade for a different year (of similar rarirty).

Just a thought.

Russ

<< <i>They probably compare it with the same grade for a different year (of similar rarirty). >>



That'd be a tough one to find comps on. For some reason, the later years just don't get graded in 65BN.

1867 - pop 2/0
1868 - pop 2/0
1869 - pop 1/0
1870 - pop 0/0
1871 - pop 1/0
1872 - pop 1/0

You might be right, though, and they WAGed it based on a sale or two of the other coins.

Russ, NCNE

homerunhall

Russ,

Some of the price guide numbers are guesstimates. We can make an estimate of what a coin would bring if it were to appear at auction today, for example.

And remember on 65BN stuff...you also have to look at 65Rb and 65RD pops. It doesn't matter if a 65BN is pop 1 if the combined 65RB and 65RD pop is 200. That coin is not going to bring a "Pop 1 price."

David

Russ

<< <i>That coin is not going to bring a "Pop 1 price." >>



It's not? After all the work I went through? The chagrine I suffered? The bouts of depression, and tears of pain and anguish? Man, that sucks.

Russ, NCNE

sinin1

at least it exists


I am pretty sure I have seen prices for coins with a 0 pop none higher

Russ

<< <i>I am pretty sure I have seen prices for coins with a 0 pop none higher >>



You're correct. There are quite a few examples of that, this coin being one of them. The price guide listing precedes the coin being graded.

Russ, NCNE

hookedoncoins

<< <i>at least it exists


I am pretty sure I have seen prices for coins with a 0 pop none higher >>



If you don't tell people what the insane prices is for an upgrade, you wont get as many submissions.

mercurynut