Which 1865 $3 would you rather have?

RYK

A. The higher grade more expensive one:



B. The lower grade one at 1/3 (or so) the price:



Assume that both coins are properly-grade, nice for the grade, no problem coins.

Longacre

The larger one.

goose3

I think you should delete your other thread and buy that coin immediately..........sell yours and buy more cool stuff.

I like the "Look" of the lower graded example myself.

dizzyfoxx

I would need to know the grades and prices to accurately convey a proper decision.

librtyhead

(1)Higher grade!

saintguru

Higher grade any day.

FatMan

The one in your sig line.

Longacre

RYK

I think you should delete your other thread and buy that coin immediately..........sell yours and buy more cool stuff.

The thought had certainly crossed my mind. Like you, I am a sucker for low to mid-grade circulated rarities. That said, the transactional costs of buying one and selling the other negates some of the benefit of doing so. If I did not own one and was offered both coins at market price, I would probably opt for the less expensive one, in order to " buy more cool stuff."

TheRaven

I don't mind circulated stuff at all.....

I would probably go with B.....

A probably is the smart move in the long term financially..... This is discounting anything else that might be bought with the extra cash.....

michael

higher grade as lower grade sucks big time

Shamika

I always prefer the higher grade. The problem is whether or not I an afford it.

Myqqy

Definately higher grade, if you can afford it!

BECOKA

Depends on the price difference. I like them both and would justify based on price.

TwoSides2aCoin

Well if I am going to covet my neighbor's goods, I may as well covet the good, not the bad. YUGO™ ? YUKON™ ?

YOU PICK .

I want harder questions ~

Elcontador

Depends on the coin, grade & price diff. Ie., I'd take a nice MS 66 83 No Cent Liberty Nickel over a properly graded one in MS 67 anytime due to the 4X - 5X price of the MS 67. The properly graded 6 is often the same coin as the 7, but with a tick mark on one of the sides of the V on the reverse.

kcnovice

Newbie opinion: Not sure,
Coin B looks like DW's pcgs vf20 at $2.5k approx. Coin A is ?

edit: Based on population coin B may be the coin I would chose(if coin A is in au53-55)
would depend on my budget for this coin also specifics on coin A
coin A maybe your $3 in au55?

ColonialCoinUnion

Generally speaking, I can think of lots of examples where the lower grade pretty coin is a better buy / better example / more pleasing coin that a higher technical grade more expensive item.

Not sure in this case based on these photos.

I do know that I don't care for the couple of incisor shaped nicks above the date on the higher grade coin and that alone may kick it out for me, but better pics might change my mind.

RYK

For those who missed the reference (and/or the point) of this thread, it is about price vs. value.

Coin A is my 1865 $3 in PCGS AU-55. It was purchased for almost exactly three times the price of coin B, about two years ago. Market value has increased since then, by nearly 50%, but for the sake of this example, assume that the coin is worth exactly three times coin B.

Coin B is an 1865 $3 in PCGS VF-20, recently on the market for $2450.

Hypothetically, you are spending your money (or someone else's money that must be used for coin purchases) and have to choose A or B. If you choose B, you can use the remainder of the money to buy other coins of your choosing.

1865 is the second most scarce regular circulation strike Philly $3, with approximately 100 examples known. The PCGS total population is 57 coins in all grades.

CharlotteDude

RYK,
I'm doing the same thing your are here.... I've a high-grade '54-O $3 on the 'bay now in order to purchase a lower grade (and then possibly other coins). I like the strategy, although I'd be hesitant to purchase the VF '65 you have shown... it looks like it may have some troublesome slide marks/hairlines in the obverse fields, which judging by the photo alone, would turn me off on that coin for the $2400 price tag. Realize the '65 is a tough nut to find, so availability may be the ultimate factor to consider most.

the 'dude

LanLord

If you're paying, I'll take both sir, and my I have another?

BECOKA

<< <i>For those who missed the reference (and/or the point) of this thread, it is about price vs. value.

Coin A is my 1865 $3 in PCGS AU-55. It was purchased for almost exactly three times the price of coin B, about two years ago. Market value has increased since then, by nearly 50%, but for the sake of this example, assume that the coin is worth exactly three times coin B.

Coin B is an 1865 $3 in PCGS VF-20, recently on the market for $2450.

Hypothetically, you are spending your money (or someone else's money that must be used for coin purchases) and have to choose A or B. If you choose B, you can use the remainder of the money to buy other coins of your choosing.

1865 is the second most scarce regular circulation strike Philly $3, with approximately 100 examples known. The PCGS total population is 57 coins in all grades. >>



Then definately coin B. I would rather spend the difference on other collection pieces.

TheRaven

At 3 to 5 times the price I would take the extra money and spent it on other coins, but that is me.....

You are a southern gold collector so a VF-20 coin should not bother you to much I would not think.....

I would rather have 3 lower graded coins then 1 high graded coin..... Just the way I collect.....

Longacre

I sold off a dog of an MS-61 for a really nice AU-58. It just depends on the coin.

michael

the marks above the date the ensisor marks are actually reeding marks from another coin done at the mint

as now those reed marks have wear

so this again three marks above the date on this choicexf++/au three dollar gold in this thread it is another reeded edge three dollar gold sliding across this coin/wacking the coin from the outer sharp reeded edge of another three dollar gold coin during the minting process leaving these these reeding marks

and with gold and silver coinage pre 1915 this is common

stephunter

I spoke to Doug yesterday and he made an interesting point. Coin "B" was about the same price 2-3 years ago, so even though most of the type $3- coins in AU have about doubled in two years this rare date has not moved much. I don't know if that means that the rare date is undervalued, overlooked, or undertraded (is that a word?). I do know that coin B has found a nice home.

RYK

reed marks

Agree. These do not bother me in the least.

CalGold

<< <i> I don't know if that means that the rare date is undervalued, overlooked, or undertraded (is that a word?). >>



Thin market and little interest in that grade.

Few people collect that series. Type collectors will buy a higher grade common date for the money. Set collectors in gold are usually people with the bucks to buy higher grade pieces. Investors want high grade pieces. So who is left to bid up the price of VF pieces?

CG

Lakesammman

Neither - wait for a better looking example.