My 1828 25/50 is back! What is it worth?

BaseballAbs

The coin that was put on the forum a few weeks ago is back from PCGS. It graded at PCGS as a G-4 the only G-4 graded by PCGS and the lowest graded. The coin was purchased off ebay for a fantastic price of $330. We have seen a few of the G-6 and G-8 coins bringing in high prices. This being the only G-4. I would like to pose the same question I asked previously. What is it worth? If you were going to put the coin on the market to sell, what would be the price ? yhttp://i632.photobucket.com/albums/uu46/rockblade19/Picture630.jpg[/IMG]

Billet7

Only when you sell it will you know.

Baley

I'll start by offering you $325.
(I would offer the full $330 you paid, but now I would have to go to the trouble of breaking it out of a plastic holder in order to enjoy the coin raw)

doh

Nicely done Seth! Based on what a couple dealers are trying to get for a VG8 example, I think yours is worth around $1200-1500.

Quarternut

<< <i>I'll start by offering you $325.
(I would offer the full $330 you paid, but now I would have to go to the trouble of breaking it out of a plastic holder in order to enjoy the coin raw) >>


I love this!



Seriously, congrats on getting it into the plastic of choice, now all of the koolaid drinkers are more apt to pony up the cash for it.

Does the plastic now make it magically more rare or desirable than it was without it? Nope! But now you can play the registry game with it...

As to value, the last one to sell was in June, a PCGS G-6, for the wonderful sum of $1725. So I would say that doh is pretty close to right on his numbers.

Again, Congratulations!

QN

BaseballAbs

I think that its kind of funny the coin has more value now its in the holder. Its true that it does rather you like it or not, but at the same time i respect that fact that some prefer to keep their coins raw. Part of it is if you really know how to grade third party grading doesn't really matter much.The plastic cover is nice and it has a bit of insurance.As far as the coins value I felt the coin is worth $1500. That was my best estimate by looking around for the past few years at them. I put it in the holder for two reasons. One it has more market value with most of the collectors out there. The second is it will fit in my PCGS set untill i upgrade. For the price i got it for i could not pass up that kind of deal.........My Set of Bust Quarters

BaseballAbs

Thanks Guys!

Baley

PCGS price guide lists the 1828 25/50C quarter in G4 at $250. Question: what source do they use for the pricing data?

Edited to add link to Price Guide

Quarternut

<< <i>PCGS price guide lists the 1828 25/50C quarter in G4 at $250. Question: what source do they use for the pricing data?

Edited to add link to Price Guide >>



Baley,

The price guides are not even close on many of the Bust Quarter varieties, as I am sure they are not on certain items in other series. I prefer to use real actual sell prices from auctions, as do many dealers to determine a price value. The last time this variety sold for close to the $250 figure was in 2002.

As I stated in a post above, the last one to sell was in June, a PCGS G-6, for $1725. That is a real current auction price. However, it is always possible that the coin in that sale was an anomaly that was bid up by two over eager bidders. As cross checks on that price, an ICG VG-details (scratched) example sold 9-2008 for $1041. A raw F-15 also sold 2-2008 for $3220.

I have compiled a database of all of the Bust Quarter die marriages, in all grades, that have sold in the last 5 years or more at auction. I have data going back even further for the rare die marriages (R-4 and above), condition census coins, proofs, etc. It lists over 5200 auction appearances and is basically like Steve Herrman’s compilation for the Bust Halves, if you know anything about that. It is called:

AUCTION APPEARANCES & PRICES REALIZED for EARLY UNITED STATES QUARTERS 1796 - 1838

This is available for collectors to purchase and I will be updating it once a year at the end of June. Anyone who is interested in a copy can go to my web site listed in my sigline to find out more info.

QN

Baley

Wow QuarterNut, thanks for a great response. I'm looking forward to studying your book and AA&PRfEUSG

btw, if "The price guides are not even close on many of the Bust Quarter varieties, as I am sure they are not on certain items in other series"
then, what good is it?

Quarternut

<< <i>Wow QuarterNut, thanks for a great response. I'm looking forward to studying your book and AA&PRfEUSG

btw, if "The price guides are not even close on many of the Bust Quarter varieties, as I am sure they are not on certain items in other series"
then, what good is it? >>



To make rips on unsuspecting collectors and novices who have something to sell?

QN

Baley

Are you suggesting that this is the motive for PCGS to intentionally publish inaccurate price guides?
Or that the inaccuracy is unintentional by PCGS, but that one potential use by some folks, is to buy at near these wrong prices and then sell elsewhere to those who are "in the know" about the "real" values of these coins? I guess I'm confused. What's the 2010 RedBook value for this coin? Anybody know? What's "Trends"? are those price guides inaccurate, too? How can I go about selling my coins at the "real values" and avoid being ripped off by buyers using "wrong" price guides?

BaseballAbs

You do what Quarternut does. You pay attention to previous auction records and ignore the guides. Well that might be harsh I mean read the guides with caution.

Quarternut

I was joking of course...

I am unsure what data is used in compiling accurate trends prices other than what participating dealers are saying they will pay for a certain coin in a certain grade or an actual sale that has been transacted for the same.

However, I can think of nothing better to use than real auction prices realized, especially for rare die marriages or varieties.

As to the Red Book, those prices are inputed as much as 1 year in advance of publication. Therefore these must be taken with a grain of salt. Plus, it takes a dedicated specialist to report accurate numbers in every series. Coupled with this is the fact that rare die marriages will not sell as often as common ones, so they are even more difficult to accurately determine as to price.

Frankly it is all a crapshoot...any price can be right on or way off, depending on so many factors. The best advice I can give is that anyone looking to buy or to sell a coin needs to do his or her own homework and not just rely on any particular price guide.

QN

Billet7

<< <i>I was joking of course...

I am unsure what data is used in compiling accurate trends prices other than what participating dealers are saying they will pay for a certain coin in a certain grade or an actual sale that has been transacted for the same.

However, I can think of nothing better to use than real auction prices realized, especially for rare die marriages or varieties.

As to the Red Book, those prices are imputed as much as 1 year in advance of publication. Therefore these must be taken with a grain of salt. Plus, it takes a dedicated specialist to report accurate numbers in every series. Coupled with this is the fact that rare die marriages will not sell as often as common ones, so they are even more difficult to accurately determine as to price.

Frankly it all a crapshoot, and any price can be right on or way off, depending on so many factors. The best advice I can give is that anyone looking to buy or to sell a coin needs to do his or her own homework and not just rely on any particular price guide.

QN >>



Couldn't have said it better myself. BTW, the next time someone has one of those super common 1828 25/50 coins for sale...I got $250 for you...I'll take all you have!

BaseballAbs

I found one for $330. You may not want it however Billet7, I obviously overpaid!