Indian head cent proofs
krazyace5
Posts: 177
Are these overvalued, undervalued or just right?
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Liberty: Parent of Science & Industry
<< <i>Are these overvalued, undervalued or just right? >>
I think it depends on how much you pay for them & what they look like
Paying "too much" for a monster coin could be a bargain!
But, paying 10% back of bid for a fugly, spotted, played with coin that some how snuck into a legitimate holder could be way too much.
Gotta buy the coin, not the plastic - and remember, the greysheet/blue sheet is a only a GUIDE - it doesn't buy or sell coins.
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist
As said above, messed with, or spotted pieces should be avoided, and those are the coins that keep the "wholesale sheet" levels supressed.
Any eye appealing example will sell for over bid levels, easily. Check the auction prices realized in the last Heritage Signature/Bullet sales for proof.
The same can be said for Barber proof coinage, as well as other early proof type coinage. The mintages are usually very low, and the prices don't seeem to reflect that low mintage. Most likely a demand issue, which doesn't put full pressure on the market to raise the prices.
LSCC#1864
Ebay Stuff
yikes
wow
Knowledge is the enemy of fear
for nice coins in higher grades of brown and red brown proof 66 and especially so proof 67 with good to great eye appeal .............. strongly undervalued
i love good looking proof copper nickel cents with cameo an added plus but hard to find/almost impossible to find good looking even in gem grades totally truly undervalued coins
michael
42/92