How can I determine a Market Value for a Scarce or Rare Trade Dollar variety?

DaveWcoins

What seems like a pretty scarce/rare variety of Trade dollar came over the transom today.



it is:



1875-S Micro S Trade Dollar, with a Type 2 Reverse.



VP-003

Breen-5795.



It is in an NGC AU55 holder.



This is apparently the only one NGC has graded in any grade.



Are there enough collectors out there to make this worth much of a premium?

DaveWcoins

Originally posted by: Realone

Absolutely zero premium unfortunately.

The fact that you say this is the only one graded at NGC is meaningless since I don't know anyone who would put the variety on the holder simply because it is so common. It should sell for the price of a generic 1875-s. Hope this helps.

Thanks for the quick response. Much appreciated.

stealer

You can do some perusing on Heritage. These have traded publicly (and unattributed) in the past.

There is a minor premium attached, at least according to public records - it seems to be approximately 10-15% for VF/XF coins. I imagine that a similar premium would be attached to the coin in question. A really choice AU58 may see a larger premium.

Some T$ varieties are peculiar in pricing structure - i.e. there's a grade threshold at which prices begin to skyrocket. For example the 75CC 1/2 is only valuable as a variety in UNC, and there is a significant boost in value.

Of course, the trouble is always finding a collector .......

stman

Are there enough collectors out there to make this worth much of a premium?

Dear DaveWcoins,



I don't know the answer to your question. But please don't short yourself. Some of us may collect them someday and want to pay you as much as possible.



Hope this helps.



Your self appointed business adviser,



mr.stman

stealer

Originally posted by: Realone

Originally posted by: stealer
You can do some perusing on Heritage. These have traded publicly (and unattributed) in the past.

There is a minor premium attached, at least according to public records - it seems to be approximately 10-15% for VF/XF coins. I imagine that a similar premium would be attached to the coin in question. A really choice AU58 may see a larger premium.

Some T$ varieties are peculiar in pricing structure - i.e. there's a grade threshold at which prices begin to skyrocket. For example the 75CC 1/2 is only valuable as a variety in UNC, and there is a significant boost in value.

Of course, the trouble is always finding a collector .......

I respectfully disagree, but it looks like you will be willing to give Dave the 10-15%+ premium, I would not and there is absolutely no reason to do so. It is absolutely undeserving and really just perpetuating what someone told you years ago imho.

If you just do as I suggested and take a look, you'll see that I'm no jester. I haven't a clue who's paying this premium, but it doesn't change the fact that said premium exists.

Whether or not the premium is justified is not within the scope of this thread, and thus was not addressed in my response.

OriginalDan

This is the type of variety that you can sell for a premium to the right buyer. However, you may need to be patient for that right buyer to come along. It's a scarce variety, especially in that grade with hardly any Unc examples known.



If I hadn't just picked a borderline Unc example, I'd be calling you up. Good luck, whatever you decide to do with it.



Edit:

I think Stealer got it about right at 10-15% premium.

OriginalDan

Originally posted by: Realone

Absolutely zero premium unfortunately.

This is bad advice.

The fact that you say this is the only one graded at NGC is meaningless since I don't know anyone who would put the variety on the holder simply because it is so common.

While true not many would go for the variety label, the coin is not common.

Justacommeman

and that's when the fight started



mark

stealer

Originally posted by: Justacommeman
and that's when the fight started

mark

Why do you have to be such an incendiary?

mannie gray

[Insert famous Rodney King quote here]

OriginalDan

Dave send me a PM if you'd like. More productive than this thread will ever be.

shish

Mr Realone,

How low can you go? No need to defend myself against your nasty untrue verbal attacks. Your reputation is well known, and speaks volumes about you.

Our brief encounter was one I will never forget or repeat.

TwoSides2aCoin

If it's a scarce or rare variety, one only needs the market to determine the value of a coin's worth. This place determines the value of man's worth.

ricko

How exciting... schoolyard fisticuffs.... Cheers, RickO

DaveWcoins

Phew!



I thought this thread was dead yesterday -- asked and answered.



I guess there might be more to it.



Based on the differing advice, I will likely have a friend put it on eBay at no reserve and let the chips fall where they may.



By the way -- this thread was in no way a solicitation to sell it.



I was merely asking for advice about an area I know little about.



Thanks to all of you for your input.

OriginalDan

Good luck, Dave. I would say that it's nice to see more people discussing Trade Dollars on the forum, but sadly the well has been poisoned.

TwoSides2aCoin

PM me when it's listed on eBay .

TwoSides2aCoin

Class acts are hard to come by. Respect is certainly achieved and earned, by golly. And I hope to see the final answer (on value) , after I phone a friend. That's my final answer.
Of course the long and short of the answer is "Ebay"

steveben

Originally posted by: DaveWcoins



Based on the differing advice, I will likely have a friend put it on eBay at no reserve and let the chips fall where they may.

auctions are the correct answer, sir, especially for coins with unknown premiums. the free market always decides.

logger7

Also, picked up an 1877 TRADE DOLLAR, DOUBLE DIE OBVERSE, and again not much premium though tougher according to research.