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Need opinion on 1874 $3 Gold coin

I have an 1874 $3 Gold coin in a NCS holder that has the following on the holder: UNC DETAILS/OBV SCRATCHED.

What is something like this worth and is there a market for something like this?

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Bill

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09/07/2006

Comments

  • airplanenutairplanenut Posts: 22,149 ✭✭✭✭✭
    Worth very little since it's so hideous. I'll give you 35% sheet image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • airplanenutairplanenut Posts: 22,149 ✭✭✭✭✭
    By the way... what is sheet on a regular MS? I don't want to make an offer I can't afford image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • FC57CoinsFC57Coins Posts: 9,140
    I'd say about 75%-85% of sheet Bill - it's a nice piece that unfortunately some numbnutz decided to scratch up to see if it was really gold. It would make a very nice filler in a type set.
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    I think MS63 is what this coin would be without the scratches and the PCGS price guide has it at $6250.00. I do not know what sheet is.
    Bill

    image

    09/07/2006
  • FC57CoinsFC57Coins Posts: 9,140


    << <i>the PCGS price guide has it at $6250.00. >>





    ouch those scratches hurt!!!
  • BillJonesBillJones Posts: 33,967 ✭✭✭✭✭
    My guess would be in the $1,500 to $1,800 range for wholesale. The coin looks like it has a lot of luster and a lot of eye appeal aside from the scratch.

    The current MS-62 bid is $2,600. I think that a dealer might try to get $2,000 to $2,300 for the coin retail. Virtually no MS-62 graded $3 gold coins are really Mint State. This one is bright and attractive with the problem.

    What shame. I sold one similar to this WITHOUT the scratch that was in an NGC MS-64 for $7.400 to a dealer.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    If you were to put this on eBay how would you list it? High opening bid, if so what? 99 cent opening bid? A reserve, if so what?
    Bill

    image

    09/07/2006
  • FC57CoinsFC57Coins Posts: 9,140
    I wouldn't Ebay it Bill - that's a coin that you give sell at a show or something like that - Ebay won't get you the return on it it deserves I don't think.
  • BillJonesBillJones Posts: 33,967 ✭✭✭✭✭
    Your standing there might influence your opening bid on Ebay. If you are a rookie with no following, opening the coin at 99 cents could leave you with a disastrous final bid of $300 or something. If you are Joe the Power Seller, you might get $1,600 or more.

    Having the NCS holder is a big plus because that proves that the coin is genuine. Many counterfeit $3 gold coins were made years ago, and many collectors are afraid of raw ones with considerable justification.

    Depending upon what you have in it, I’d reserve it at $1,100 or so. AU bid is $1,075.

    The earlier numbers that I gave you were asking pricing if I were walking around a show trying to sell it. I’d go for a couple hundred more if I were set up at a bourse table.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    image

    There's a lot more to this than I thought there would be. So many things to consider. I'll have to think about my options. I probably should have bought it to the New York show with me last week.
    Bill

    image

    09/07/2006
  • BillJonesBillJones Posts: 33,967 ✭✭✭✭✭
    The trouble is this is one of those items that is not in the pricing guides. With really attractive Mint State examples bring strong prices these days, the situation is fluid. Many collectors would sooner have a nice AU. Others. are willing to put up the scratches if they are otherwise getting a lot of luster and eye appeal for thousands of $ less.

    If you run into the right people you'll get a good price. If you run into the wrong people it's worth moderately strong AU money IMO.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    Thanks Bill
    Bill

    image

    09/07/2006
  • PlacidPlacid Posts: 11,299 ✭✭✭
    $850
    This one sold for $1,000 and it has much better eye appeal in my opinion.
  • cohodkcohodk Posts: 19,114 ✭✭✭✭✭
    Your standing there might influence your opening bid on Ebay. If you are a rookie with no following, opening the coin at 99 cents could leave you with a disastrous final bid of $300 or something.[/i

    There is NO WAY that would happen. I'ld make sure of that.image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    The market for such coins is thin.

    you have to net them waaaaay down to trade them, in my experience.

    This cost me about EF money

    image

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    the scratches are distracting but the luster is nice, as on the $3

    takes a special collector to be happy with such coins. image

    Liberty: Parent of Science & Industry

  • have recently aquired a $3 in AU and upped it to MS62. In my opinion it was a beautiful AU, but still AU. I also aquired another I think should upgrade.


    The coin you have is lusterous but aside form the scrathes it has some other problems. Look at the crown, the flatness of the forhead, the wear on the back ribbon. This coin is a questionable low MS even without the scrathes. The scratches would then require a big time discount as most dealers wont touch it. With ugly AUs selling at 11-1300, I would expect over a grand for it.

    Good luck

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