How nuch would you pay ....

cosmicdebris

... for a numismatic issue that is listed as rare? Say 30 to 50 minted?

ziggy29

How much do I want the coin? What's the condition? The eye appeal? How much demand is there for this coin / coin type traditionally in the marketplace?

All these things infiuence what I'd pay...assuming I had the money for it, whatever it was.

astrorat

<< <i>... for a numismatic issue that is listed as rare? Say 30 to 50 minted? >>



The primary issue is whether I am one of five collectors of the series or I am one of ten thousand collectors of the series. In the former, I would not need to pay much and in the latter I would have to be willing to pay big money.

A US coin with that mintage will bring huge money where trade tokens with less than that number of pieces known sell for peanuts. Rarity and price are relative.

Lane

zzzz

With that description ... probably nothing ...

Whatever makes you happy ...

cosmicdebris

Ok now I'll add there are 1,000s of collectors of this series. Maybe 200 with the means to purchase only the finest and rarest examples and they all want to complete their sets. Now how much?

astrorat

<< <i>Ok now I'll add there are 1,000s of collectors of this series. Maybe 200 with the means to purchase only the finest and rarest examples and they all want to complete their sets. Now how much? >>



Okay, assuming that thousands of collectors want the coin and only 200 have the means to purchase the coin (and also want the coin and have ready access to purchase such a piece), now we understand that real demand is far greater than supply.

The question, however, is still akin to "How long is a piece of string?". In order to provide a rational answer, the buyer and seller would need to understand the market, which by definition, we don't since we do not know the coin.

The answer to your question really is that you pay as much as you can afford. Be it $100 or $10,000, you need to decide how much it is worth to you and what financial sacrifices (i.e. lost opportunities to use your funds elsewhere) you are willing to make.

For example, if you were to offer $500 for the coin because that is how much you wanted to pay, would you be upset if you were "outbid" at $550? If so, then pay more than $550. For coins of opportunity (the cliché of "once in a lifetime" fits here), for which I am assuming this would qualify, you need to set the price at which you are willing to walk away from the coin. Then you "bid" or "pay" just under that price. If there is no known market, then you end up making the market.

I do collect such items (yes, I am purposefully vague as to which items) and when a piece hits the market, it is usually a one whose appearance will be short-lived and once gone, will not resurface for many moons (also many blue moons!) if at all.

If you want my opinion about a specific coin and you are willing to provide the details, just send me a PM. I promise I will not compete with you for the piece and will try and provide a more accurate answer. If not, I understand and good luck. I hope you end up with the coin as it sounds like it might be an important coin for you.

Lane

longtimecollector

South Afrikan ????

Shamika

If I felt passionate about the series, and believed the odds of seeing another one of these was slim to none, I'd easily pay $1000+.

cosmicdebris

FYI my question was Completely hypothetical.

northcoin

I guess you could ask - How much have you paid? I have a 1808 2 1/2 dollar gold piece that may fit your description. As a one year type coin it is in demand for anyone attempting a type set of US gold. There were only 2,710 minted. The 2004 US Coin Digest prices an XF-40 at $20,000 and a MS-60 at $52,500. Garrett in his book on the 100 Greatest US Coins estimates 50-60 examples have survived. Mine is graded as an MS by a third-tier grading service but is probably closer to an AU58 by PCGS standards. As I recall, I traded a NGC MS64 High Relief Saint plus significant additional funds to get it.

astrorat

<< <i>FYI my question was Completely hypothetical. >>



Ah, then I would pay $174.78, hypothetically. Seriously, you are asking a question that is impossible to answer because there are far too many variables. A 19th century gold proof issue with that mintage would bring lots of money where a half-cent variety with that number of known pieces would bring far, far less. What about world coins, tokens, so-called dollars, etc.? All these pieces would bring different money than a rare US issue.

Lane

flaminio

<< <i>FYI my question was Completely hypothetical. >>

I understand that the question is hypothetical, but there's far too little information to put forth any sort of coherent answer.

northcoin

Wow, I just got the current issue of Coin World and the "Trends" value on the MS60 1808 quarter eagle has doubled to $100,000 with an AU-58 close to half that!

mrearlygold

<< <i>... for a numismatic issue that is listed as rare? Say 30 to 50 minted? >>




Too vague to answer that intelligently. Need to know what series etc. Seriously.

Tom

northcoin

Just took another look at the recent Coin World listings. That 1808 quarter eagle in AU58 is priced at $85,000, not $50,000! They now have the XF40 over $50,000! No wonder the dealer who sold it to me keeps asking if I want to sell it back. Somehow I don't think he was intending to offer anything close to those Trends prices for it though.

Gemini

How much wood could a woodchuck chuck if a woodchuck could chuck wood?....I dunno..

Gemini

Northcoin hyporthetically if I were a millionaire throw away the book. I'd make you an offer for that nice coin you couldn't refuse.

edited to correct spelling: hyper to hypo...I guess I got all hyped up hyporthetically...

291fifth

It all depends on demand. There are many darkside issues with very small mintages that bring very little because virtually no one collects them.

cladking

The amount I'm willing to pay is based on market price and my perception of its accuracy. While
I might be willing to go a little higher for a coin I really need and will expect a discount for one I
have less interest in, it is much like buying a car.

Thinner markets have more ephemeral pricing. This often allows one to purchase items for less
than true market value from motivated sellers. More heavoly traded markets tend to have prices
which are not only much higher but also well known to bought buyers and sellers.

astrorat

<< <i>How much wood could a woodchuck chuck if a woodchuck could chuck wood?....I dunno.. >>



Four pieces.

Lane

northcoin

Gemini - May you win the lottery - hypothetically that is.