How do you price a red Lincoln when it's clearly not red anymore
alaura22
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There are a few coins I'm looking at that I'd be interested in but the label says red when it's clearly not red anymore.
I'm thinking of bidding on the coin as a RB coin. Is that the right approach? I would be fine with an RB coin in my set if I could get the coin at RB money
Suggestions?
1
Comments
you're no going to want it as a rd, so be happy bidding as a rb and just forget it if it goes for more
I’d price such coins as RB, but at the same time, realize that my chances of obtaining them would be very slim. That’s because the odds are that (due to the “RD” designation) someone else would pay a higher price, closer to the value of RD examples.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
In an auction, what happens when the winner gets the coin and realizes that it's not RED in spite of what the label (or the CAC) says?
In general, if I see a copper coin labeled RD and I think it isn't RD then I just go on to the next coin without bidding on or purchasing the first coin. It makes life much easier.
In honor of the memory of Cpl. Michael E. Thompson
good point
the thing is clearly resale challenged if no longer rd
Presumably, it would depend upon the terms of the sale. Some possible considerations would be whether the coin was imaged, whether the winning bidder had an opportunity to inspect it (or described to him) and his prior bidding history, etc.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Pass on it. You could just low ball heck out of them but it wb tough sell (holder gone bad).
He most likely would return it.
A bid is just that. As with any item you bid what you’re willing to pay. If you don’t win the item you move on. There are many shades of RD, RB and BN. Price according to your own taste. Lots of auction records to review for guidance. Not rocket science.
It is “resale challenged” for a good number of collectors, but it’s still desirable for those who are buying registry points. Since images of the coins are not required for the NGC registry, no one knows the wiser. I lose respect for the top registry collections which have no pictures.
If a coin is labeled RD and it looks RB, it's possible that the color is not stable, and that you'll end up with a BN coin if you hold it long enough.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
As the saying goes, buy the coin, not the holder. If you saw a coin overgraded at MS 66 and you
knew it wasn’t better that MS64, would you still pay MS66 because that’s what’s on the holder.
Two versions of the same coin in PCGS & CACG slabs described as RB with CAC.
Which picture does one rely on?