According to Greysheet...

Alltheabove76

A dealer should only pay $300 for a 1793 Liberty Cap in G or $500 in VG. Since a problem free '93 in AG is worth about 10K I am willing to pay pay anyone who has one twice Greysheet bid for their 93' Caps!

PTVETTER

you are not using the greysheet properly.
Large cents are listed by date in the quarterly 1
What you have is a quick overview of the series, not just the 1793.

PTVETTER

Then again it is just a guide.
If one has NO knowledge at all this info is better than nothing at all.

Alltheabove76

I understand that, but they should have said from 1794-96 and not included the 93s. I can imagine a widow or an heir walking into a coin shop to sell their inherited collection and being shows that their 1793 Liberty Cap is only worth $300.

PTVETTER

Bad coin shop yes that may happen

Good coin shop, and most are, will pay a fair price.

OldEastside

You should'nt rely on that as your only bible

Steve

ColonelJessup

Whatever the CDN may say about Early Copper is worthless.

EAC collectors knows what their market is and support it. If you don't have EAC knowledge, find a mentor who does.

If someone has a CDN, their level of sophistication is MUCH higher than that little old lady. If they don't, from this knowledge, understand the need for (further) due diligence, what can one say?

Not exactly the same, but last night I watched a Pawn Stars episode in which Rick, on vacation and now cherry-picking, finds a Japanese Samurai helmet in a shop (on consignment to the dealer) shop quoted at $300.

Rick says "I probably shouldn't say this, but this is worth much more than $300. More like $2500 retail. What would you take for it"
(Incompetent) Shopowner (not blinking an eye) "How about $2000?"

Staged?

Dealer to dealer? Fair game. On consignment? LOL, on camera !

Dealers and collectors will likely have multiple and differing perspectives on this.

A bit far afield from the point of the initial post, except maybe to illustrate the need for multiple data points to make a better-informed decision. Even with a CDN Monthly you'd still be screwing yourself. It's but a small start towards due diligence.

PonyExpress8

Most knowledgeable collectors and dealers use other sources. CDN has gotten pretty poor, other then for the generics in the weekly, over the years and there are many better sources out there.

As cited earlier in this thread the best sources are actual sales from private sales and auction records, especially if you have personally viewed the coins. But even in auctions sometimes half the coins available are retreads with issues that don't even sell and are right back in an auction a few months down the road.

Numismedia, and the PCGS price guide put together by our host are excellent retail price guides and kept up to date pretty well.

Type2

I look every where but the sheet when it come to some coins.

Sonorandesertrat

"Whatever the CDN may say about Early Copper is worthless."

This.

ColonelJessup

Repeated from a related post.
I once walked into a Stacks sale and said to the dealer now known as DaveatHLRC "What's bid on a 71-CC 25c in VF?" Very quizzically "What good will that do you?" "Gotta have something to multiple by 3"

Did not buy the coin

ebaybuyer

it seems that most of the published price guides .... including the GS ... grossly undervalues any coin that isn't available by the handful. coin world however seems to be updating their prices out of the 1970's finally, but still have quite a road ahead of them to reflect true value for some coins

AMRC

They make choices based on space. But the comment about this being "type" prices is correct and this section implies there is nothing key/better/variety etc.

BillJones

<< <i>I understand that, but they should have said from 1794-96 and not included the 93s. I can imagine a widow or an heir walking into a coin shop to sell their inherited collection and being shows that their 1793 Liberty Cap is only worth $300. >>



No. What they are listing there are type coin prices, and the Liberty Cap design was issued from 1793 to 1796. The low Gray Sheet prices are for the most common 1795 Plain Edge large cents, which include S-76b and S-78. The 1794 and 1796 Liberty Cap large cents sell for higher prices.

Look at it this way. If your concept for listing type coins was applied to all type coin listing then the Type I Standing Liberty Quarter should only be listed as 1917 only, not 1916-7. Just because a particular date is rare and expensive does not exclude it as a type coin.

indeetlib

<< <i>A dealer should only pay $300 for a 1793 Liberty Cap in G or $500 in VG. Since a problem free '93 in AG is worth about 10K I am willing to pay pay anyone who has one twice Greysheet bid for their 93' Caps! >>



I think you could even pay twice Quarterly bid for a problem-free '93 Cap in ANY grade and you would have scored a deal.

And yes, I see your point about the Greysheet Type Coin bids. It's not very helpful to have the dates listed there. They should probably just list the design type without the date range.

BillJones

<< <i>

<< <i>A dealer should only pay $300 for a 1793 Liberty Cap in G or $500 in VG. Since a problem free '93 in AG is worth about 10K I am willing to pay pay anyone who has one twice Greysheet bid for their 93' Caps! >>



I think you could even pay twice Quarterly bid for a problem-free '93 Cap in ANY grade and you would have scored a deal.

And yes, I see your point about the Greysheet Type Coin bids. It's not very helpful to have the dates listed there. They should probably just list the design type without the date range. >>



Omitting the dates would only make the chart harder to follow. Type coin lists have included the dates for decades.

Alltheabove76

<< <i>And yes, I see your point about the Greysheet Type Coin bids. It's not very helpful to have the dates listed there. They should probably just list the design type without the date range. >>



That would make a lot more sense.