1814 statesof dime
With the total pop of 22 and the highest grade 2 in 58 and 1 in 55- why is the pcgs price guide so low 55 is listed at $2,450 and 58 is listed at about $4,000.
I would have thought that this coin should be priced at much higher prices. Any thoughts?
I would have thought that this coin should be priced at much higher prices. Any thoughts?
Easton Collection
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Comments
This is an example where the latest reference book should be used for rarity estimates, and not TPG pop reports. PCGS may not have recognized this variety for some time after they started grading, and so the pops for the general 1814 date certainly include some of this variety.
edit - the Heritage archives will give an indication of what the market is paying for this variety
<< <i>With the total pop of 22 and the highest grade 2 in 58 and 1 in 55- why is the pcgs price guide so low 55 is listed at $2,450 and 58 is listed at about $4,000.
I would have thought that this coin should be priced at much higher prices. Any thoughts? >>
Well, as a dealer in Bust and Seated silver coins, I can tell you that the 1814 STATESOFAMERICA dime sells at WELL above PCGS Price Guide. I've sold several, the last 58 sold around $8,000 or so.
I think PCGS Price Guide is low because there are very few sales of this coin in PCGS holders, and most are private sales and are not reported to PCGS.
And, by the way, I believe the two AU-58's and the one AU-55 are now in strong hands and are unlikely to hit the market for quite a while.
Hope this helps.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>
This is an example where the latest reference book should be used for rarity estimates, and not TPG pop reports. PCGS may not have recognized this variety for some time after they started grading, and so the pops for the general 1814 date certainly include some of this variety. >>
Great answer
<< <i>
<< <i>With the total pop of 22 and the highest grade 2 in 58 and 1 in 55- why is the pcgs price guide so low 55 is listed at $2,450 and 58 is listed at about $4,000.
I would have thought that this coin should be priced at much higher prices. Any thoughts? >>
Well, as a dealer in Bust and Seated silver coins, I can tell you that the 1814 STATESOFAMERICA dime sells at WELL above PCGS Price Guide. I've sold several, the last 58 sold around $8,000 or so.
I think PCGS Price Guide is low because there are very few sales of this coin in PCGS holders, and most are private sales and are not reported to PCGS.
And, by the way, I believe the two AU-58's and the one AU-55 are now in strong hands and are unlikely to hit the market for quite a while.
Hope this helps. >>
Another great answer
<< <i>
<< <i>
<< <i>With the total pop of 22 and the highest grade 2 in 58 and 1 in 55- why is the pcgs price guide so low 55 is listed at $2,450 and 58 is listed at about $4,000.
I would have thought that this coin should be priced at much higher prices. Any thoughts? >>
Well, as a dealer in Bust and Seated silver coins, I can tell you that the 1814 STATESOFAMERICA dime sells at WELL above PCGS Price Guide. I've sold several, the last 58 sold around $8,000 or so.
I think PCGS Price Guide is low because there are very few sales of this coin in PCGS holders, and most are private sales and are not reported to PCGS.
And, by the way, I believe the two AU-58's and the one AU-55 are now in strong hands and are unlikely to hit the market for quite a while.
Hope this helps. >>
Another great answer >>
How can they both be great answers if they are conflicting?
One says that the premiums in the price guides are in excess when the other says that the premiums in the guides are not enough.
<< <i>How can they both be great answers if they are conflicting? >>
They are actually not conflicting answers. I addressed the true rarity, gave a quote of an opinion on pricing from the 1986 reference book, and with my edit recommended Heritage archives for pricing.
RichieURich gave his experience with recent market pricing, and also stated there are few sales of this coin in PCGS holders.
EAC 6024