Question -- Greysheet for 1909-S VDB PCGS AU-55???
droopyd
Posts: 5,381 ✭✭✭
I am the proud owner of a 1909-S VDB Lincoln cent, PCGS AU-55. I don't have a photo for you unfortunately, but it is a problem-free coin that is 100% solid for the grade, glossy chocolate brown with ever so slight hints of red in protected areas. (I don't think it could go 58, but even then, the higher grade doesn't seem to add much in price.)
I am trying to determine its value should I need to unload it quickly. I'm not currently interested in selling, but want to know what I could get for it on a same-day (i.e., non-auction) transaction if necessary.
I took it in to one shop that said they would pay $900 for it. This seems low to me considering that similar 09SVDBs seem to sell on the 'bay for about $1250-1300 these days, and the ongoing high demand for this date means that it likely wouldn't stay in dealer stock long.
For anyone with a Greysheet, do you mind checking to see what the spread is, and if that $900 was in fact fair or a low-ball offer?
Thanks for your help!
I am trying to determine its value should I need to unload it quickly. I'm not currently interested in selling, but want to know what I could get for it on a same-day (i.e., non-auction) transaction if necessary.
I took it in to one shop that said they would pay $900 for it. This seems low to me considering that similar 09SVDBs seem to sell on the 'bay for about $1250-1300 these days, and the ongoing high demand for this date means that it likely wouldn't stay in dealer stock long.
For anyone with a Greysheet, do you mind checking to see what the spread is, and if that $900 was in fact fair or a low-ball offer?
Thanks for your help!
Me at the Springfield coin show:
60 years into this hobby and I'm still working on my Lincoln set!
60 years into this hobby and I'm still working on my Lincoln set!
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Comments
If the coin is nice as you say , 900 is a lower than expected offfer
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I took it in to one shop that said they would pay $900 for it. This seems low to me considering that similar 09SVDBs seem to sell on the 'bay for about $1250-1300 these days, and the ongoing high demand for this date means that it likely wouldn't stay in dealer stock long.
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thats roughly what you should expect to get from a dealer. They have to make money too.
<< <i>I am the proud owner of a 1909-S VDB Lincoln cent, PCGS AU-55. I don't have a photo for you unfortunately, but it is a problem-free coin that is 100% solid for the grade, glossy chocolate brown with ever so slight hints of red in protected areas. (I don't think it could go 58, but even then, the higher grade doesn't seem to add much in price.)
I am trying to determine its value should I need to unload it quickly. I'm not currently interested in selling, but want to know what I could get for it on a same-day (i.e., non-auction) transaction if necessary.
I took it in to one shop that said they would pay $900 for it. This seems low to me considering that similar 09SVDBs seem to sell on the 'bay for about $1250-1300 these days, and the ongoing high demand for this date means that it likely wouldn't stay in dealer stock long.
For anyone with a Greysheet, do you mind checking to see what the spread is, and if that $900 was in fact fair or a low-ball offer?
Thanks for your help! >>
The greysheet lists this coin $1120 bid and 1220 ask in au. $1285 bid and 1400 ask in ms 60.
A more accurate price would be in my opinion be on Heritage coin values. The range there is $950 to $1200 for au 55.
I believe $950-$975 is a fair offer if the coin is solid for the grade and if the dealer has to stock it until he can sell it for say $1100-$1150.
If the coin is of exceptional quality for the grade I would revise that upward to perhaps $1000- $1050.
That is the range I would pay if I liked the coin but I don't intend to speak for all dealers. Dave W
David J Weygant Rare Coins website: www.djwcoin.com
Given a 3-week window of necessity, I'd list on the 'bay and on BST here.
I don't see dealers selling this at retail for as little as $1100 though, maybe dealer-to-dealer at that price.
I'd also expect that, due to high demand for this particular date, it could be turned over quickly so the dealer profit margin should be a bit less than on a coin that might sit in stock longer.
60 years into this hobby and I'm still working on my Lincoln set!