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How can I determine a Market Value for a Scarce or Rare Trade Dollar variety?
DaveWcoins
Posts: 1,185 ✭✭✭
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?
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?
Dave Wnuck. Redbook contributor; long time PNG Member; listed on the PCGS Board of Experts. PM me with your email address to receive my e-newsletter, and visit DaveWcoins.com Find me on eBay at davewcoins
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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.
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 .......
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
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.
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.
Absolutely zero premium unfortunately.
This is bad advice.
While true not many would go for the variety label, the coin is not common.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
and that's when the fight started
mark
Why do you have to be such an incendiary?
Dave send me a PM if you'd like. More productive than this thread will ever be.
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.
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.
Of course the long and short of the answer is "Ebay"
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.
Also, picked up an 1877 TRADE DOLLAR, DOUBLE DIE OBVERSE, and again not much premium though tougher according to research.