What's a reasonable premium for FH SLQs?
billboat
Posts: 2,260
My dealer has a nice NGC MS 63 1917 Type I FH SLQ at $400. Nice creamy white coin that was still in the showcase yesterday (its been there two weeks). CU lists the 63 FH at $340. I'm thinking about calling and asking to have it put on the shelf for me. Opinions?
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<< <i>My dealer has a nice NGC MS 63 1917 Type I FH SLQ at $400. Nice creamy white coin that was still in the showcase yesterday (its been there two weeks). CU lists the 63 FH at $340. I'm thinking about calling and asking to have it put on the shelf for me. Opinions? >>
NGC seems to be a bit more liberal in grading SLQs than PCGS. Price seems a bit high. Remember, the bulk of 1917 Type 1s have full heads, unlike the somewhat similar 1916, where FHs probably comprise only about 10% of mintage.
I'd offer him $285 as although it's a FH, it's likely a MS-62.
Ira
$400 is low 64 money so I would not pay more than that myself usless I was sure it would upgrade.
Price info
The main point is do you want the coin and the other option is a good auction.
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<< <i>Is it real FH or tooled FH??
The entire coin has very crisp detail--every rivet on the shield is very sharp--looks like a great strike--which it would be to be FH--nothing looks like tooling to me--but I'm not an expert on SLQs--am just thinking it would make a great type coin.
Okey, you are not asking the resoanable premium for FH SLQs. You are asking 1917 type one NGC MS63 FH.
If the coin is correctly graded, $300 to $325 is the best price I would offer. If the coin is a PQ, then $350. If the coin is an average one, $260. There are plenty 1917 type one SLQs between MS63FH and MS65FH. You could always pass this one and look for a better one. Also, over 75% 1917-P type one are Full Headers.
For the premium of type two FH SLQs, then the question is difficult to answer. Simply remember, true Full Head coins are scarce. You have to know what the true Full Head is before buy one. Many FH in PCGS are not Full Headers. Be careful.
I later upgraded to a razor sharp, blast white, awesome PCGS MS64 FH, and I doin't think pay $400 for it! (More like $350, if I recall correctly. This was less than two years ago.)
66Tbird ended up with that one, and sometimes I regret having sold it. That baby was as PQ as they come.
The 1917 SLQ Ty I is typically found with full head details, so on this particular date, I would not allow much for a premium.
Some dates are a completely opposite, dates like the 1919-d and s, 26-d and s and 27-s command significant premiums for FH even in lower grades like Au-55/ 58
Frank
now if you mean it's a fully-struck coin, that's a different matter.
K S
I purchased a fully struck, full head NGC 64 1917 T1 at Baltimore this year, from HLRC. Paid $415 for it. $400 for yours would be a liitle high in my mind unless it is a shot 64. Placid's comment about the money is correct, either counter lower or wait for a better piece.
with some of the designations, it can be tricky for me to know whether i should pay for the added cost they entail or look for a sweet coin that comes close. good examples for me are RB vs. RD IHC's, FBL vs. non-FBL Franklins and your subject FH SLQ's. maybe you can find a nicely struck coin with strong overall detail and lacking enough for the designation at a lower price.
al h.