Pricing "problem" coins
JustMakesCents
Posts: 319 ✭✭✭
While I am not a dealer, due to a lack of trust in the local dealers, I am offered a fairly large number of collections to purchase. Usually, I don't have much of a problem coming up with a fair value for most items. I find "problem" key dates especially difficult to price, however. I want to keep my reputation for being fair, but don't want to overpay for items that may be difficult to sell.
My latest deal includes a 1932-D quarter graded by ANACS as AU53 Details - Scratched. It is one of their ner holders and is very accurately graded (may even be AU55). The coin is very original, not cleaned, and the scratches are through the date and are not obvious. It looks as though someone took a small brush to the area to see the date more clearly. It actually took me a couple of seconds to see the damage.
So what do some of you use to determine pricing on coins like this? This is not a coin for me to keep, so I am just trying to come up with a fair price. It is part of a larger collection that I have already priced. What would be your number on this coin?
Jeff
My latest deal includes a 1932-D quarter graded by ANACS as AU53 Details - Scratched. It is one of their ner holders and is very accurately graded (may even be AU55). The coin is very original, not cleaned, and the scratches are through the date and are not obvious. It looks as though someone took a small brush to the area to see the date more clearly. It actually took me a couple of seconds to see the damage.
So what do some of you use to determine pricing on coins like this? This is not a coin for me to keep, so I am just trying to come up with a fair price. It is part of a larger collection that I have already priced. What would be your number on this coin?
Jeff
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does the seller want to sell everything or be willing to keep a couple coins you have triuble valuing?
I would probably offer $300 with hopes of getting $450
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Definitely buying this coin for resale. He would like me to buy it as part of the rest of the collection.
Using an AU55 coin as an example I feel that for coins not ruined with corrosion/heavy and deep scratches, etc. such as your 32-d 25c then dropping down to XF40 or even VF35 is reasonable. I think most people would pick the problem free XF40 over a problematic AU50/55. Just be aware that in this market problem coins are being viewing 10X as critically as they were just a year ago.
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Sold for: $299.00 (includes BP )
Bid Source: Internet
Ended: Dec 6, 2009
just sold on Heritage - but looked harshly cleaned
a couple months ago, a NCS sold for over $500 w/AU details
so how badly damaged? which would affect pricing
if you can hardly see it, possibly a crack out and PCGS submission is in order