What is the highest multiple of Price Guide you've paid for a coin?
Bankerbob56
Posts: 1,397 ✭✭✭
We all realize that all price guides are just that "guides." BUT when a nice coin comes along alot of times those guides go out the window. So, what is the highest multiple over price guide you've paid for a coin? I am currently looking at coin that is priced at 2X guide. It has fantastic eye appeal, but it is a fairly common coin, in an uncommon grade.
What we've got here is failure to communicate.....
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RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>I paid 4x for a gorgeously toned capped bust half dime in ms. Then i learned that I was a complete idiot, tried to sell it, zero takers, tried to dump it, zero takers, thankfully sold it back to the one person who wanted it, the dealer that I bought it from for a 10% loss, it still has it in his inventory to this day, oh I sold it to him over 2 years ago. Moral of the story don't ever pay multiples for a gorgeously toned coin, unless you are a whale that is..............I am in the middle, somewhere between a flounder and a shark.............at least I have been schooled! >>
Between a flounder and a shark, you say? Adult flounders have both eyes on one side of their heads. Sharks have no rib cages and their spinal columns are made of cartilage and connective tissue. You must be an interesting-looking collector!
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
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<< <i>We all realize that all price guides are just that "guides." BUT when a nice coin comes along alot of times those guides go out the window. So, what is the highest multiple over price guide you've paid for a coin? I am currently looking at coin that is priced at 2X guide. It has fantastic eye appeal, but it is a fairly common coin, in an uncommon grade. >>
I am looking at several on the bay right now,including Morgans in MS67 CACd. I saw one in MS68,but not for 2X guide.
I bought a colorful '57-D Lincoln for $51.96 from Great Collections. PCGS says it's worth $1.
Lance.
<< <i>52.
I bought a colorful '57-D Lincoln for $51.96 from Great Collections. PCGS says it's worth $1.
Lance. >>
btw
how do you acquire a multitude over guide when price guide doesn't even give $1 as value???
do you then figure it at times face value...if so...well...i'm out of here
i don't like this thread already
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
The photography is by BluCC.
Steve
"A dog breaks your heart only one time and that is when they pass on". Unknown
<< <i>575X >>
Thats worth posting a picture of.
https://pcgs.com/setregistry/showcase/2819
<< <i>7-8x PCGS for my avatar toned Peace$ >>
Peacemonkey, you got a great coin for a bargain price!
For me, the most was 10x CDN bid for a coin. I didn't check Price Guide at that time, but I would guess this translates to about 7x to 8x Price Guide.
And, the coin sold to a collector who appreciated it.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>I paid about "triple Trends" for this coin in 2000. It was one of only three Dahlonega gold pieces recovered from the S.S. Central America that were graded by PCGS, with the gold foil certification label. Two additional Dahlonega gold pieces were recovered from the wreck and were auctioned as uncertified pieces. I knew that if I wanted a Dahlonega from the Central America, it was "now or never."
The photography is by BluCC.
>>
You got a bargain. Beautiful coin! Oh ... and cool holder as well!
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>Which price guide?? >>
For this thread - PCGS.........
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<< <i>The highest multiple that I recall paying was 1.78. It was for a Christopher Bechtler gold dollar (30.g star) in a very old PCGS EF-40 with a gold CAC sticker. I paid that much because I wanted a nice example of a Bechtler gold dollar that was minted before the U.S. gold dollars were issued starting in 1849. >>
and a nice example you definitely have!
Lafayette Grading Set
I know, this thread is worthless without pictures. I have not mastered uploading pics!!!
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Back in 2008 I was commonly paying 2x - 3x guide for nicely toned Matte Proof Lincolns. Maybe 4x.
Empty Nest Collection
Matt’s Mattes
On the flip side if someone pays multiples the price guide price, then its their money, their choice, their hobby. Certainly I can see where bidding can become heated over PQ better date issues.
I have paid multiples on inexpensive toned coins which I have retailed in the esoteric toner market.