What would be a fair price for a 1882 CC $10 AU55?

ChOsEnOnE

Just wondering what would be a fair price for this coin & is it a good investment coin? 1882 CC $10 Liberty NGC AU55.

RYK

If it were nice for the grade and original, retail would be in the $5600-6000 range with wholesale 10-20% back of that. Got a picture?



Edit: I am one who believes that one should buy coins for enjoyment, not for investment, unless, of course, numismatics is your livelihood.

LanLord

RYK is sadly mistaken.

If you gotta good one to sell me, a few dollars,

however,

If'n I'm sellin, then his numbers are more realistic.

BECOKA

I will give you $10 for it.

Actually prices have been sky rocketing on the CC dates. I would extend the range from $4500 - $7000 depending on timing of the sale. You have to have the right buyers present at auctions to get the right price. If you sell to a dealer expect the lower end as they have to invest a lot of time and $$ to re-sell it.

ChOsEnOnE

So if I could pick it up for $6800 would that be fair?

BECOKA

Like RYK said if it is really nice for the grade then a collector would pay a premium for it. To some, really nice for an AU55 grade would mean that some of the original lustre is still viewable, the aged look is even throughout the whole coin, there are no noticable gouges (i.e. the grade should be from wear and not from a bunch of nicks and dings.).

You need to look at a bunch of similar coins to get an idea of what appeals to you as the same date and grade can have a wide variety of looks.

ChOsEnOnE

When you say to look at similar coins do you mean 1882 CC's? If so I don't think many exist for me to even compare.

BECOKA

Same design and grade will work.

RYK

So if I could pick it up for $6800 would that be fair?

Trends (retail price guide) for it is $7000. Only if it were a really nice and original example AND I really needed it, would I (personally) pay Trends (or more).

For comparison, an NGC-55 sold at Heritage for $4370 in Sept. '05, and a PCGS AU-58 sold for $17,250 in December, '05. The date and grade are helpful to a point, but there is such a wide range in eye appeal, originality, and condition for such a coin that you really have to know what you are doing.

Edit: I hope I didn't scare off the newbie.

ChOsEnOnE

The coin looked really good & my dad is good friends with the guy selling it so I trust him. My dad bought a 24 S saint for a REAL good price & as far as I can tell the 82 CC $10 is pretty rare so I'm most likely going to get it & get rid of my other 2 coins to do it.

RYK

Good luck and post a picture for us when you get it.

CarsonCityGold

Compare it to the one in my set. Mine has a PCGS True View image that is dead on . It is a SOLID AU50 with original skin. Probably would upgrade except for the mark on the cheek, but check out the stong strike both obverse and reverse. How does the one your considering compare? Post some images when you get a chance and a big WELCOME and good luck.

ChOsEnOnE

<< <i>Compare it to the one in my set. Mine has a PCGS True View image that is dead on . It is a SOLID AU50 with original skin. Probably would upgrade except for the mark on the cheek, but check out the stong strike both obverse and reverse. How does the one your considering compare? Post some images when you get a chance and a big WELCOME and good luck. >>



What does original skin mean?

coinkat

original skin basically means that the coin has not been dipped, cleaned or enhanced

edited to add: Better date gold is quite desirable among collectors with original skin... unfortunately, many coins have been dipped in anticipation of getting a better grade and more $$$$ out of the coin. However, it does not always work that way.