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Will you sell a problem free AU Barber Half for $230?
amwldcoin
Posts: 11,269 ✭✭✭✭✭
I happened to look at a greysheet this weekend and noticed they list AU Barber Half's for $230.00! Am I dumb or are people dumb enough to sell them for that? I'm starting to suspect there is some major manipulation going on in the markets today. To back this up....I will buy any problem free AU Barber Half in a PCGS holder for this price! I will even buy the problem free Turds for that price so long as they are AU!
Edit to add....I thought of this poll after talking with several dealers this weekend. Some are major players and feel something unscrupulous is going on.
Will you sell a problem free AU Barber Half for $230?
This is a private poll: no-one will see what you voted for.
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I sold a PCGS graded MS62+ on Ebay that I purchased from david Lawrence years ago. It had such a beatiful luster and toning. It went for around $450.00, in an auction format. I would never have sold had I known this would be price. Common date AU55-58 Barber halves were selling in this range just a few years back.
I would buy for sure, but not sell.
Instead of talking about “manipulation” here, what about contacting them? And you can post sight unseen bids at levels that are above those which you think are unrealistically low.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Darrell,
There was a really choice PCGS AU55 1905 Barber Half on Ebay some months back. This date used to be the cat's meow. I thought it would get moon money. It ended up selling for around $350.00. After that auction I knew that prices were cratering for all coins and for Barber Halves.
LOLOLOL! I have addressed him here several times with no response! I'm not about to subscribe to the overpriced bid system in place! I just placed a bid here! Thinking about placing a bid(offer) on the Buy Sell Trade here for a lottsa coins that I will pay double to Triple of PCGS Price Guide!
Hmmmm...Sure I didn't snag it? I might have missed it if it was a Buy I Now. I have 2 55's but I paid a bit more than that! I've stopped bidding on coins I don't like or disagree with the grade on(unless they go cheap). The last 55 I sold was for $785. Another before it at the same level.
I did sell a common date PCGS AU-50 on consignment thru another dealer early this year. I set the price at $225. A few other dealers did not buy it at that price from inventory when looking at a show.
It was accurately graded, but had very thick original toning and dirt which gave it very low eye appeal. Yet enough frost was still visible through it. Probably would have benefitted from an acetone rinse.
However, if I had anything even a touch nicer would not likely sell for that low.
To me. the real bargain would be Seated Halves in AU-50 at $165. I can't find ones that really make the grade anywhere near those price levels. Have owned and seen multiples more common dates of Barber Halves than common date Seated Halves in AU yet Barbers have had higher bid levels since at least the 1980's.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
When the market started to slide a couple years back, Barbers were the first that I started to sell off.
EAC 6024
I've not yet tried bidding on coins I do not like.
I suggested you contact them, not address them “here”. Even if they saw your posts - which they might not have - they probably weren't in a position to have such a discussion on someone else’s/PCGS’ forum. I would hope you’d understand that.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Fortunately, I do not sell coins... so no loss here....
Cheers, RickO
Hmmmm! Where's my two PM's?
Ten minutes checking auction records on CoinFacts will make the $230 wholesale price seem like a reasonable estimate. Of course, many of the auction coins might not satisfy a reasonably fussy buyer, but this is the world we live in. Perhaps you would feel better looking at CAC levels instead?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
There are a boat load of SOLD Barber 50 on ebay in the sub $230 range. Some are in PCGS and NGC holders.
Here is one below $200.
https://www.ebay.com/itm/1899-BARBER-SILVER-HALF-DOLLAR-PCGS-AU-50-COLOR-TONED-LUSTER-COIN-no-reserve-/254259181154?hash=item3b33073662:g:9rwAAOSwF4Zc~Z65&nma=true&si=UTriEP7aj%2Bwv3VWQBshmyXZlFoI%3D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557
Yes, If I bought it for $200
LOL on that one! IMHO that coin is ugly and is not AU!
PS lots of coins fall through the cracks on ebay when auctioned due to eBay's non net neutrality!
I guess you have a point there. That's what solidifies my stance that nice accurately graded coins are worth quite a bit more. This has only been made worse the past few years of crap being graded.
Look at the example I quoted above.
Yeah, if I want to pay and join CDN's dealer net(isn't it somewhere around $300 per month?). Some dealers I spoke with think the bids will continue to fall until someone posts a bid. They felt they are trying to grow CDN's dealer net business.
I guess you were not here when Brett had his open forum. He basically just brushed off my inquiry.
Like anyone else, you're entitled to your opinions regarding grading and values. But it appears that the overall market disagrees with you.
If you truly believe that the listed prices and some of the actual sales are unrealistically low, take advantage of the situation and buy the coins up. But your protests and frequent, rude LOL's in your replies, aren't going to drive prices up.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Good news to @MFeld, but Heritage is about to get rich. I note the following recent sales on Heritage:
1912-D AU53 PCGS 7/2/2019 $234
1900 AU50 PcGS 6/24/2019 $234
1898 AU50 PCGS 5/14/2019 $216
1894-S AU50 PCGS 5/7/2019 $288
Seems that based on Heritage sales the bid number is TOO HIGH because the actual sale price (ask) is in the $230 and under range. @amwldcoin is going to single-handedly push up bid!!!
If I had any in stock, I would sell them to you at $230 or less.
Is the Greysheet 100% accurate? NO. In fact, the bid on G to Fine Barbers seems too high - impossible to sell them for that. And maybe NICE (emphasis on NICE) AU50 coins will get a premium, but that is the problem with looking at a single number as the price gospel for ALL coins in that grade. I bet an AU50 Barber with rainbow toning sells for multiples of $230. But that isn't really a condemnation of the price GUIDE, nor is it evidence of collusion.
Please enjoy this thread while it lasts, I think it is likely to get poofed.
I think it's more like $200 per month.
It's only $150 per month. You can make that up by just buying 3 Barbers at $230!!!
Why do you think this thread would get poofed?
It's seems the premise may have changed from "I'll buy any problem free AU Barber half for $230" to "I'll buy any PQ AU Barber half that meets my higher personal standards for $230". Obviously those are very different things.
No, But I won't buy an XF in an AU holder! I was the under bidder on the coin above that sold for $199 just because!
Because you are accusing some major players of intentional price collusion. If you had just said "Greysheet bid on Barbers seem low", this thread would live for an eternity. When you suggest that they are intentionally lowering the price to try to accumulate at a lower number, you are treading in troubled waters.
You could be right. I was passing along what several dealers were telling me they thought was going on. I'm not making any accusations myself. Seems to me the new greysheet pricing is let's find the lowest price something sells for and that will be the new bid regardless of quality or if 1/2 a dozen others sold for more.
Seems like you are moving the goal posts.
The original post clearly stated that you would buy even problem free turds at $230. The coin in the auction was at least a problem free turd and yet you didn’t buy it.
Maybe the $230 price is actually reflective of the average market based on sales of all kinds of AU Barbers (from low end to high end). Nice ones will frequently sell for more while the average or worse will be at $230 or less.
Are you saying that when I do a search on ebay I'm not getting the full results?
Collector, occasional seller
I think it is more about where they pop up in the search.
I agree with @jmlanzaf David Kahn's rarely show up in the ended results for me.
Guess I did so I edited the original post for you!
Since I don't want au Barber halves I would gladly sell for $230 if I paid less.
The plural of half is halves... and with no apostrophe ahead of the s.
Ummm.....the market decides value. Always has, always will. Try selling a few average AU pieces.
Dave
The good news is that for AU Barber halves, these prices reflect only the most common dates. > @JimTyler said:
Ouch. Well, since prices have dropped, you wouldn't have been able to buy one below $230.00 to now sell. Not that this is a problem for you though.