Price point in Limbo...
HalfDimeDude
Posts: 1,206 ✭✭✭✭✭
Have you ever owned or purchased a coin in price point or grade in Limbo? No not the dance!, but a state where the coin grade or price point are between a point or price spread where 3 points or less takes a coin value up by almost $50 to 100 @ point? I have such a coin....and its not for sale,just trying to put a value that is fair.
I have an 1838 o US dime ,mintage around 406k, survival rate under 1000 in any condition and an R 5 coin.
Grey sheet review has the coin in f 12 at $195 & in f 20 $442 .I am not a fan of stickers no matter of color or issued by. I am 50 + year collector who relies on my own eyes as to a specimens condition. However this is a situation where things do get sticky. My question not being one that a sticker matters to me personally as the coin isn't for sale, but what difference would a green or gold sticker mean for a coin in this type of coin limbo?
Again I personally know what I believe the coins value is, but again asking price vs actual sales results are two different things.
As well as what one believes the value is .
I do not buy sticker coins, I buy coins that are mostly raw or graded that by my experience tells me are a good value in condition and price point. I understand others do place trust in CAC coins or other stickers,and use their service. My question is based on not knowing or using the CAC service just wondering what value it places on a specimen such as this coin that the price point has such a large spread dollar wise with a 7 point spread.
The price point of a f 20 is $ 442. And in f 12 $195. The coin in question an f 15 pcgs, As posted in Market review publications April-June 2021are the values placed.
"That's why I wander and follow La Vie Dansante"
Comments
You keep saying vf, but it's F12 and F15, not VF.
All comments reflect the opinion of the author, even when irrefutably accurate.
A CAC sticker isn't the same as an upgrade. A CAC sticker usually helps the price upon sale. If you don't want to play, don't play.
All comments reflect the opinion of the author, even when irrefutably accurate.
PCGS values this coin in the slab for F15 at $250.00. My issue of the Greysheet Rare Coin Market Review for CAC approved certified coins does not go below XF40. However, at that grade it values the coin at 3.25% over the PCGS value so I guess you could extrapolate.
There are so many publications that value at different levels.
Correct thanks for the correction ,this is what happens when your wife is in your ear as you're trying to do something else.....you become distracted from your thoughts. Thanks for pointing that out.
"That's why I wander and follow La Vie Dansante"
And I dont play! Ive never purchased a coin in a slab stickered. Ive never purchased a coin in a slab I believed to be under graded or mis graded. I actually do buy more raw coins , and to be honest ,just busted out about 15 buffalo nickels that were slabed to be put in an National coin album for Buffalos.
And i do agree with your point on price points differ, my post wasn't to condemn stickers or give value to them....as i dont. It was made to understand how when you have a coin such as this do you come up with a price point that is pretty much on par with the market.
Each situation differs , however when I researched this specimen by date, mm and condition, I see f 20 specimens that are no way near that grade. As well others graced way below what my eye tells me. I know I paid under value as I see it in hand as well what is available on the market.
I personally wouldn't be a seller for anything under $300 !
That reasons being I have looked around the last month and havent seen anything close to the wear and color of this specimen. My question relates more to insurance values over sales value, as both are day and night.
But over the years i have had other what I consider Limbo coins..... caught between actual value,and values paid.
There's is 1 other point , that is availability of the date and mm. To a collector who may look at this date and mm as a key or semi key coin, that they need for their collection.
Kver the years I have owned and sold many specimens that like this one, falls into a category that its value can differ so much within the grading scale. Again supply and demand .
One other factor that I haven't mentioned is the specimen in question from a series that is known for holding their values, as to other series that the buyer may only be 1 in 10 million .
Lastly
To those whom havent lived in the time peroid that I have collected, old school collectors, were part of coin clubs in the 50 and 60's , and yes understood we are in 2021 not 1965....but old school collectors value their experience being apart of said clubs and organizations.
As we do view a coin as a coin... be it raw or graded ,and trust our own eyes as to value ,be it dollars or rarity. That doesn't make us right or wrong, but just our personnel view as to the coin its self.
And what someone is willing to pay or one is able to accept the offer made.
"That's why I wander and follow La Vie Dansante"
Nice coin. One of my favorite type designs with no stars. A CAC sticker will help the resale value of this coin and probably add $75 in value. That’s a best guess on my part.
Even though I rely on my eyes also and those of some trusted dealers, I try to get all my coins CAC’d as it adds to the overall value of my collection which is important to me. CAC even helps with the coins that don’t sticker because if the majority did pass and your collection is seen as high end then it will bring the value up on everything as a whole IMO.
Attractive example for sure. I would go by (recent) records if they exist. Since this is an attractive example, it would be fair to tack on 10-20% imo. At the end of the day, we are all just taking our best guess on pricing anyways.
Aercus Numismatics - Certified coins for sale
I agree like I stated its not for sale, but just a coin that falls into a category that could go either way.
Having researched other specimens for sale within the same grade ,there arent many that are as nice, and 3 that did grade higher that were on par with, or less than the grade assigned.
This isnt the first time where value vs condition,or condition vs value has comes into play in my years collecting.
I usually dont worry about value, well I do, but not to the point it rules me. In my years collecting Ive made, lost, and broken even. But thats collecting anything....true value is what an item brings.
"That's why I wander and follow La Vie Dansante"
In the "old days," this could would grade Fine. It has some VF characteristics, but the level of wear leaves it at Fine-15. The original color is much to be admired, but the weakness on Ms. Liberty's head and on the reverse do not speak "VF-20" to me.
As for CAC, that's mostly for coins in higher grades than this piece unless the coin is a rarity. It's going to sell for about the same level, green CAC sticker or no.
Now, if it had a gold CAC sticker, that might change things because some people lose their minds when they see one of those. Let's say you have an MS-65 coin with a gold CAC sticker. Is that coin worth more than a coin properly graded at MS-66? I tend to think not, but sometimes the market does not reflect that.
The market today as it has been over 50 years ive experienced is unpredictable, in may ways.
Im sure we all could come up with examples , over rairity and value,or loss of said value.
Again I appreciate your input as again I am now wowed on certain areas of this hobby. But everyone is different and enjoy different aspects of the hobby.
Now as a kid I could walk in any coin shop and buy civil war tokens under a dime each! They were always on the counter in an old white owl or Dutchmasters cigar box.
I see now a days those cigar box bargan finds too funny....as the demand and people collecting is really exploded as well other exonumia items.
"That's why I wander and follow La Vie Dansante"
I tend to disagree with the rarity and survival rates on this coin.
There are a lot of them out there. I have probably owned 50 different ones at one time or another.
Yours is way above average though.
Nice looking coin.
At some point the appeal of a coin becomes subjective. You can debate the grade plus or minus until you’re blue in the face, ultimately time will tell where the consensus resides. You can believe a coin is a 63++ but if you’re selling and find yourself sitting with the coin for five years unsold the consensus is the coin is a 63.
The coin you show is a nice, original Fine. It is not VF and won't command anything close to a VF price. Since it is raw it will probably be evaluated as a F12 when it comes time to sell. If you want F15 money you will have to be willing to play the slab and sticker game, but that costs money.
The specimen is an F-15 pcgs graded" not raw. " Reading the entire thread is fundamental if your going to reply.
"That's why I wander and follow La Vie Dansante"
That's a very nice looking F-15. I would say $250-300.
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