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I took some Barber Quarters to the local B&M this weekend (Photos Added)
coolest
Posts: 2,281 ✭✭✭
Never, Never again will I offer a coin to a coin dealer for sale.
After 18 years of collecting, I have seen and been directly involves in literally thousands of a coin transactions/”deals”. So I understand that dealers buy coins at less than they think they can sell them in order to cover costs and make a living. But I always thought to myself that nice coins would always sell for more than ugly coins, especially considering that the Sheet prices dealers quote are an average, indicating some dealers must be paying above Sheet price for a presumably nicer example.
Anyway I’v decided to sell a set of Barber Quarters VF-EF (-5 Top keys) and I bring the set to a local coin shop where a long time dealer who I have always respected and considered honest could make me an offer for the set.
Most of the set is raw with a few that I purchased in PCGS holders and did not crack out. So let me share with you just a few of the offers I received for the slabbed coins:
1907-D PCGS 40, $33
1909-O PCGS 30, $85
1896-O PCGS 45 cac, $195
1896-S PCGS 4, $440
A couple raw coins:
1914-S VF35, $195
1897-S AU55, $285
I just picked up the set and said I am sorry to have wasted your time and left.
This was an unpleasant surprise as I had considered myself at least seasoned in the coin collecting world and all these coins are hand selected for originality and eye-appeal, not a single dog in the group with most being PQ (really).
e-bay here I come, unfortunately.
Am I just another fool overestimating the value of their own coins, is this the norm?
After 18 years of collecting, I have seen and been directly involves in literally thousands of a coin transactions/”deals”. So I understand that dealers buy coins at less than they think they can sell them in order to cover costs and make a living. But I always thought to myself that nice coins would always sell for more than ugly coins, especially considering that the Sheet prices dealers quote are an average, indicating some dealers must be paying above Sheet price for a presumably nicer example.
Anyway I’v decided to sell a set of Barber Quarters VF-EF (-5 Top keys) and I bring the set to a local coin shop where a long time dealer who I have always respected and considered honest could make me an offer for the set.
Most of the set is raw with a few that I purchased in PCGS holders and did not crack out. So let me share with you just a few of the offers I received for the slabbed coins:
1907-D PCGS 40, $33
1909-O PCGS 30, $85
1896-O PCGS 45 cac, $195
1896-S PCGS 4, $440
A couple raw coins:
1914-S VF35, $195
1897-S AU55, $285
I just picked up the set and said I am sorry to have wasted your time and left.
This was an unpleasant surprise as I had considered myself at least seasoned in the coin collecting world and all these coins are hand selected for originality and eye-appeal, not a single dog in the group with most being PQ (really).
e-bay here I come, unfortunately.
Am I just another fool overestimating the value of their own coins, is this the norm?
0
Comments
EAC 6024
The BST would be a strong venue to sell those coins.
I'm sorry to hear the experience didn't go as well as you would've liked. Perhaps the dealer has fallen upon harder times recently and thought he was giving you a fair enough offer with respect to his own pockets and needs.
Did you try and counter any of his offers to achieve a higher amount or express your disdain before you left the shop with a bitter, if not snarky "I've wasted your time"? The offers are obviously low and perhaps, as a person; he's outdated on the Barber quarter series? Did he try and utilize some sort of pricing guide for them or just shoot you off-the-cuff offers?
-D
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
I concede that the offers do seem low. However, the dealer might not have any retail customers for those particular coins, so would buy to ship them to a wholesale dealer. In that case, the local cash offer has to be back of dealer wholesale for the smaller fish dealer to make any money. The inefficiencies of the coin market and the numismatic food chain mean several bigger fish get fed by the smaller fish. That means the smallest fish tends to get a rotten deal.
Were any of the coins purchased from the dealer? That would make some difference in how I see the picture. Has the dealer been burned by fake slabs or high quality raw fakes recently? That would make a difference as well.
Especially on coins that will sell in one day.
<< <i>I'll double that offer on the 1909-O!!!! >>
Would you like to take a guess at what it will sell for on e-bay?
<< <i>Of the thousands of transactions I have seen, most have been low offers, but When I sell PCGS slabbed coins that always sell for 2 or 3 times the bid price I don't expect an offer of 50% of bid.
Especially on coins that will sell in one day. >>
So none of the coins were purchased from that dealer? If so, that may mean that dealer is out of touch with the Barber quarter market and doesn't know what you know. Sell in one day? Maybe at a show, but that seems extremely unlikely at a small local shop, for thousands of dollars in retail value of better date Barber quarters, if that dealer rarely stocks that kind of material. Again, the dealers plan was likely to ship to a wholesaler for a low price, or sell at the next show to a wholesale dealer, and is going by some percentage of sheet price that he gets for other wholesale deals. I'm not saying there is a right or wrong, but I can see the dealers point of view, especially if he doesn't know that series.
The dealer might also have expected a counter offer and some bargaining, which would still have been absurdly low, but above the prices quoted. The economy is bad enough, that I'm sure some folks take the low ball offers. Not that many folks have the resources to sell on their own to other collectors. To sell on Ebay a person needs to establish feedback to get a decent price, set up Paypal, take decent photographs. For many folks all that is beyond daunting. For a new seller, full value is unlikely, and then there are 12% to 25% in fees.
Do folks ever wonder about all the dealer to dealer transactions, with each dealer in the chain making 3% to 7% or whatever. All those slices add up, and translates into a wide spread between low ball wholesale and full retail, often 100% (a coin bought at $200 at low wholesale at the local shop might go through a bunch of dealers before being marked $400 for full retail). In this case it seems it might be more like 400% because the dealer doesn't know how tough some of those coins are.
always thinks it will upgrade and a buyer always thinks it's overgraded. However,
the real determination will be how they do on Ebay. It may confirm your values or not!
Good luck!
bob
Why didn't you counter or at least discuss prices with your "long time dealer who I have always respected and considered honest"?
The name is LEE!
<< <i>
<< <i>I'll double that offer on the 1909-O!!!! >>
>>
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Jeez... that's generous of you... wink - wink - nudge - nudge
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I just read your thread about the unpleasant experience at your local B&M.
BEFORE you go to eBay - place an ad on the BST.
Pricing: go to Heritage Archives - get last sales figures.
If they are over a year old - you may have to reduce the
figures a bit - as there was a minor down turn in the
market. However, Barbers have been holding their own.
I'm at work - and have no immediate access to my figures -
but I'll be more than happy to give you as much info as I
possibly can, once I'm at home.
I personally am not interested in your coins as they are not
in the grades I collect. However, your coins are very salable;
alot of collectors would give their eye-teeth to get their hands
on the whole group.
May I make a suggestion prior to listing anything ? Get them imaged
by a professional. The imaging fees will be negated by the added
revenue you'll recoup once you've sold the coins.
PM me if you wish - I know how heart breaking it must have been
to have that B&M try and rip you off. SOB's !
~~~~~~~~~~~~
Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
He started pulling out tray after tray of Walkers just as nice as mine saying he had more than he could turn for a long time to come. I learned a lot that day.
He did make a fair offer on just the 21,s telling me he could turn those really fast. We stayed friends and still are because of just some honest talk.
The dealer in the OP sounds like he had no idea of the value of the better dates.
<< <i>I think the most important learning experiance is that I know now I must sell all my coins before I die. leaving any rare coins to my family would be an obvious blunder. I have a key date type set (PCGS slabbed) and I would roll over in my grave/urn to see my wife get paid melt value for the coins. >>
I think we've all heard at least a bit of that message here. Thanks for starting this thread.
<< <i>Never, Never again will I offer a coin to a coin dealer for sale.
After 18 years of collecting, I have seen and been directly involves in literally thousands of a coin transactions/”deals”. So I understand that dealers buy coins at less than they think they can sell them in order to cover costs and make a living. But I always thought to myself that nice coins would always sell for more than ugly coins, especially considering that the Sheet prices dealers quote are an average, indicating some dealers must be paying above Sheet price for a presumably nicer example.
Anyway I’v decided to sell a set of Barber Quarters VF-EF (-5 Top keys) and I bring the set to a local coin shop where a long time dealer who I have always respected and considered honest could make me an offer for the set.
Most of the set is raw with a few that I purchased in PCGS holders and did not crack out. So let me share with you just a few of the offers I received for the slabbed coins:
1907-D PCGS 40, $33
1909-O PCGS 30, $85
1896-O PCGS 45 cac, $195
1896-S PCGS 4, $440
A couple raw coins:
1914-S VF35, $195
1897-S AU55, $285
I just picked up the set and said I am sorry to have wasted your time and left.
This was an unpleasant surprise as I had considered myself at least seasoned in the coin collecting world and all these coins are hand selected for originality and eye-appeal, not a single dog in the group with most being PQ (really).
e-bay here I come, unfortunately.
Am I just another fool overestimating the value of their own coins, is this the norm? >>
I figure that most B&M's will offer you about 60% of the going price as it might sell on Ebay. At least that has been my experience. For that fact, the only reason I ever felt comfortable collecting coins again was because of Ebay and the ability to remove the dealer middleman when selling. That has made all the difference for myself in being able to both enjoy coins and to enjoy that my money has not been sputtered away on a frivilous hobby.
Personally, numismatics has been immensely rewarding because I love coins and because I have put my money to good use. Take away one of the equations and the hobby would no longer be enjoyeable for me.
Tyler
does the dealer go or set up at shows reguarly or do a big internet business? If he doesn't, maybe he just doesn't know what these particular coins bring (doubt it, but there's a chance)?
Too many positive BST transactions with too many members to list.
<< <i>
<< <i>I'll double that offer on the 1909-O!!!! >>
Would you like to take a guess at what it will sell for on e-bay? >>
Depending on how it looks, I'd guess that it will sell in the $500 to $800 range
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
1907-D PCGS 40, $33
1909-O PCGS 30, $85
1896-O PCGS 45 cac, $195
1896-S PCGS 4, $440
A couple raw coins:
1914-S VF35, $195
1897-S AU55, $285
I went to a doctor's office, and they offered me $50 toward a physical exam.
I then went to an attorney's office, and they offered me $200 toward a divorce action.
I then went to a bank, they offered me face value which was $275
I then went to a pawn shop, they offered me $500, cash.
I then went to a coin shop, they offered me $6000 cash.
At the end, I sold the collection on ebay, to a guy from Nigeria whose final bid was $15,000. Still waiting for my payment after 10 years.
TRUTH
<< <i>One day years ago, I had a collection of rare coins. I had put together the set over 10 years and made sure each coin was high end for the grade. Then, one day, I decided to sell the collection, thinking I would surely get a fair price. I valued the coins at $10K.
I went to a doctor's office, and they offered me $50 toward a physical exam.
I then went to an attorney's office, and they offered me $200 toward a divorce action.
I then went to a bank, they offered me face value which was $275
I then went to a pawn shop, they offered me $500, cash.
I then went to a coin shop, they offered me $6000 cash.
At the end, I sold the collection on ebay, to a guy from Nigeria whose final bid was $15,000. Still waiting for my payment after 10 years.
TRUTH >>
When you finally get a hold of the Nigerian guy tell him he owes me the $200 bucks my mother in law sent him due to him losing his passport after his kid died
<< <i>
<< <i>
<< <i>I'll double that offer on the 1909-O!!!! >>
Would you like to take a guess at what it will sell for on e-bay? >>
Depending on how it looks, I'd guess that it will sell in the $500 to $800 range
Wow, I better look at some of those Barbers I have. Ive really been out of touch with those prices.
EAC 6024
<< <i>One day years ago, I had a collection of rare coins. I had put together the set over 10 years and made sure each coin was high end for the grade. Then, one day, I decided to sell the collection, thinking I would surely get a fair price. I valued the coins at $10K.
I went to a doctor's office, and they offered me $50 toward a physical exam.
I then went to an attorney's office, and they offered me $200 toward a divorce action.
I then went to a bank, they offered me face value which was $275
I then went to a pawn shop, they offered me $500, cash.
I then went to a coin shop, they offered me $6000 cash.
At the end, I sold the collection on ebay, to a guy from Nigeria whose final bid was $15,000. Still waiting for my payment after 10 years.
TRUTH >>
Are you trying to say that you waited for moon money and ended up with no sale? did you ever sell it?
What I am trying to say is this. Shop the coins around and try to get the most fair price. The dealer's offer of 60% of greysheet is very fair, since he has to fork over cash immediately with future work involved in the transaction. On a wholesale level, I often get 75-85% of greysheet after hours or working the bourse at coin show. Dealers look at coins as a commodity, not as a cherished collection. If you wish to get the last dollar, then ebay may be the venue of choice, but you may have to deal with scammers, paypal headaches, slow or non payers, and pay 13% of the final bid to the auction house/paypal, not to mention buyers who return the items and will give you negatives.
TRUTH
<< <i>What I am trying to say is this. Shop the coins around and try to get the most fair price. The dealer's offer of 60% of greysheet is very fair, since he has to fork over cash immediately with future work involved in the transaction. On a wholesale level, I often get 75-85% of greysheet after hours or working the bourse at coin show. Dealers look at coins as a commodity, not as a cherished collection. If you wish to get the last dollar, then ebay may be the venue of choice, but you may have to deal with scammers, paypal headaches, slow or non payers, and pay 13% of the final bid to the auction house/paypal, not to mention buyers who return the items and will give you negatives. >>
What you wrote is true of widgets. However, much of what the OP offered the dealer are NOT widgets and command hefty premiums over any sheet (i.e. 09-O Quarter). The dealer either didn't know this or didn't care, but in this particular instance the OP will do VASTLY better selling on the BST, eBay or to a knowledgeable dealer/collector who specializes in Barber coins.
<< <i>
What you wrote is true of widgets. However, much of what the OP offered the dealer are NOT widgets and command hefty premiums over any sheet (i.e. 09-O Quarter). The dealer either didn't know this or didn't care, but in this particular instance the OP will do VASTLY better selling on the BST, eBay or to a knowledgeable dealer/collector who specializes in Barber coins. >>
The dealer offered a fair price for the product. If the seller wants to work, then the seller will get more money. Simple. If anyone expects to get the best price from a coin shop on the first stop and walk out with a big check, then their expectations are unreasonable. If you consign the coins, you can get more money, if you sell it on the BST, you get more money, but that requires work, time, expense, and slow payment, assuming the coins are SOLD INDIVIDUALLY. Most coin stores pay 40-60% of sheet for most coins. 10%-15% more if you have a ready client. In this economy, those clients are becoming more elusive. "Hefty premiums" are a mere illusion when you are trying to sell.
I would also be curious to see what kind of offer the OP gets for the ENTIRE collection on the BST.
TRUTH
<< <i>I think the most important learning experiance is that I know now I must sell all my coins before I die. leaving any rare coins to my family would be an obvious blunder. I have a key date type set (PCGS slabbed) and I would roll over in my grave/urn to see my wife get paid melt value for the coins. >>
This also highlights that the gifting of expensive coins to youngsters can be a financially stupid thing to do. If they aren't collectors, and most aren't, many youngsters will trade their gift coins in for next to nothing, to pay for the first ski trip or video game, or motorcycle or whatever. If this might bother the gift giver, the best way to avoid the situation is not to give the expensive coin gift.
Some folks seem to be taking the low offers as a personal insult when it is just business. It is also an average situation. Local shops rarely pay competitive money, and mostly only if the customer bought the coins from that shop and has been a good customer over the years, and the shop thinks they can turn the coins at retail quickly. Low ball offers at local shops are common. That is the way the world is set up.
I believe that if the same coins were offered to a dozen other randomly selected local coin shops in different parts of the country, the prices in the original post would be right about at the median, maybe even on the high side of the median, because the shop has a reputation for honest dealings. I understand that many collectors, especially the novices that have never sold to a dealer, find the offers insulting. However, if those are the average offers at that kind of venue, it has more to do with collector expectations than anything else. Want a better offer? Find a more appropriate venue to sell to.
Think Ebay is the holy grail? Well, for high feedback sellers with a devoted and loyal following it can be. However, there are many threads about selling on Ebay or other auction venues and being disappointed.
Yogi Berra
<< <i>I bring the set to a local coin shop where a long time dealer who I have always respected and considered honest could make me an offer for the set. >>
I'm curious why you've always respected this dealer. While I try to maintain a healthy respect for people in general (unless they give me a reason to lose it), I find that my respect for someone in their professional capacity is directly related to seeing how they treat myself and others on a consistent basis. For coin dealers, this is a combination of the quality of coins they offer, how fairly they deal, and how honest they are (for example, telling me about something when they know they'll lose the sale, but it was important to say).
If this dealer really is giving you the raw deal, then perhaps you shouldn't have respected him all along. I would be interested to see some of the coins, especially the raw ones. Since they say that ownership adds a point, a few photos would help. I'm certainly not saying the coins aren't nice, but there have definitely been times when I've proudly shown off a coin only to have someone instantly spot a problem with it. Maybe the dealer simply didn't agree with your assessment, or maybe he's being a crook, or maybe something in between. I'm guilty of not knowing the Barber market enough to know how bad those prices are.
<< <i>I would also be curious to see what kind of offer the OP gets for the ENTIRE collection on the BST >>
Well, considering the OP has already had offers in this thread, I'd say the BST offer(s) would be quite "reasonable." Hopefully, we'll find out.
<< <i>
<< <i>I think the most important learning experiance is that I know now I must sell all my coins before I die. leaving any rare coins to my family would be an obvious blunder. I have a key date type set (PCGS slabbed) and I would roll over in my grave/urn to see my wife get paid melt value for the coins. >>
This also highlights that the gifting of expensive coins to youngsters can be a financially stupid thing to do. If they aren't collectors, and most aren't, many youngsters will trade their gift coins in for next to nothing, to pay for the first ski trip or video game, or motorcycle or whatever. If this might bother the gift giver, the best way to avoid the situation is not to give the expensive coin gift.
Some folks seem to be taking the low offers as a personal insult when it is just business. It is also an average situation. Local shops rarely pay competitive money, and mostly only if the customer bought the coins from that shop and has been a good customer over the years, and the shop thinks they can turn the coins at retail quickly. Low ball offers at local shops are common. That is the way the world is set up.
I believe that if the same coins were offered to a dozen other randomly selected local coin shops in different parts of the country, the prices in the original post would be right about at the median, maybe even on the high side of the median, because the shop has a reputation for honest dealings. I understand that many collectors, especially the novices that have never sold to a dealer, find the offers insulting. However, if those are the average offers at that kind of venue, it has more to do with collector expectations than anything else. Want a better offer? Find a more appropriate venue to sell to.
Think Ebay is the holy grail? Well, for high feedback sellers with a devoted and loyal following it can be. However, there are many threads about selling on Ebay or other auction venues and being disappointed. >>
If you offer your PCGS VF35 1904-S Barber half for sale and a dealer offers you $320 what would you do.
If you want to sell a PCGS VF30 1849-O Quarter and they offer $800 what would you do?
Both coins that always sell for thousands
You would just assume the dealer just didn't know anything about these series?
In any case what you have is a highly desireable set as long as the coins are mostly original and not lightly cleaned (incl the ones in the slabs). Any number of members here (me incl) would pay handsomely for such a set. Frankly, I could care less about the top keys and prefer the lesser known and underrated O, S, and D mints. Where does anyone offer a nice, complete circ Barber set of any denomination for sale in VF? What you usually see are G-VG sets. You have a prize there so don't let the local codger dampen your spirits. Barber sets are worth far more imo than listed CDN prices, esp the choicer and more orig they get. You just don't see them and it takes forever to build such a set. The hardest part is finding the non-keys in high grades.....it's just a matter of having the money to buy the keys in VG-VF.
roadrunner
The local B&Ms are feeling the recession and scrambling for a way to stay alive . . .
Drunner
<< <i>I've had several local dealers I've bought from over the past 30 yrs and I know I cannot afford to sell them anything, except maybe bullion or cheap moderns. They just don't pay enough. And they know it. That's the harsh reality of a B&M. So your offer was not surprising in the least. These guys don't know the Barber market and certainly don't realized that many dates sell for 2X the prices they are bid at. I look at B&M's as a one way street...a place to buy at...but almost never a place to sell for top dollar. There are always better ways to get top dollar.
In any case what you have is a highly desireable set as long as the coins are mostly original and not lightly cleaned (incl the ones in the slabs). Any number of members here (me incl) would pay handsomely for such a set. Frankly, I could care less about the top keys and prefer the lesser known and underrated O, S, and D mints. Where does anyone offer a nice, complete circ Barber set of any denomination for sale in VF? What you usually see are G-VG sets. You have a prize there so don't the local codger dampen your spirits. Barber sets are worth far more imo than listed CDN prices, esp the choicer and more orig they get. You just don't see them and it takes forever to build such a set. The hardest part is finding the non-keys in high grades.....it's just a matter of having the money to buy the keys in VF.
roadrunner >>
Well said!!
Selling on ebay or BST takes very little effort. Dealers that say you got to deal with slow pays, scammers, and returns are blowing smoke. 99.9 percent of ebay sales got thru with very little problems.
If you are smart enough to buy the coins, you can handle selling them yourself. I will not give any dealer multiple 1000's for quick cash. The PCGS slabbed coins are by far the easiest to sell. Take a few pics and list them. If you are trying to sell coins worth over 1500 each and ebay makes you leary, consign them to Heritage or similiar.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
If you want to sell a PCGS VF30 1849-O Quarter and they offer $800 what would you do? Both coins that always sell for thousands. You would just assume the dealer just didn't know anything about these series?
Those would be low ball offers, and you know there are many other places to go to triple or quadruple up on those numbers...if not more. I had my local dealer tell me my MS63 1839 no drapery half was AU because he felt there was rub on it. He would have offered a fraction of what I paid. That didn't bother me. I knew the coin was easily saleable for more and had turned down offers at 15% more than I paid. In reality the coin was very solid for the grade and is CAC'd today. It really doesn't matter what my local dealer thinks or offers when it's not in line with what I know from other sources. And I know if I showed my local dealer an 1849-0 quarter in VF he'd offer me CDN bid at best. The market is far above that level. Most better date circ barber quarters are worth over sheet because they are too lazy to update them or bother to see what they really bring.
You can't fault the dealers for not knowing what these dates are worth because CDN is a joke and off by multiples. You must assume the dealer knows nothing. In any event sell the 49-0 seated quarter to a seated specialist like me for several multiples of $800 and the 1904-s to any number of specialists in that series. Many are on these boards every day. And there is always Heritage or ebay.
roadrunner
<< <i>
<< <i>
<< <i>I'll double that offer on the 1909-O!!!! >>
Would you like to take a guess at what it will sell for on e-bay? >>
Depending on how it looks, I'd guess that it will sell in the $500 to $800 range
What Koolaid are you drinking? 85 was lowball but you are talking solid AU money for a coin that isnt even XF.
Website-Americana Rare Coin Inc
<< <i>
<< <i>
<< <i>
<< <i>I'll double that offer on the 1909-O!!!! >>
Would you like to take a guess at what it will sell for on e-bay? >>
Depending on how it looks, I'd guess that it will sell in the $500 to $800 range
What Koolaid are you drinking? 85 was lowball but you are talking solid AU money for a coin that isnt even XF. >>
Sure, it's solid AU money if you're looking at the published price guides like a greysheet or even the PCGS guide... but from what I've seen, real AU money is probably $1500 all the way up to $4000 (an AU58 sold at Heritage about 2 years ago for $4025). I think there was an AU on the BST a year or so ago for around $2500??
Since not too many of these are even available for sale, finding actual sales prices for the circulated grades isn't easy. But a quick search of Teletrade shows three VF20 examples selling for $500-$550 each over the last year. And a couple of weeks ago an improperly cleaned example with XF details sold for over $500.
I still search every coin show I attend for a dealer selling an AU example at full PCGS Guide prices ($600 or so), but I'm not getting my hopes up. In two years of going to most of the SoCal coin shows, I've only seen two certified 1909-O quarters available at all. One was a VF20 that was ugly (being sold for $600), and the other was a damaged example in an XF details holder (being sold for $750).
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
<< <i>Never, Never again will I offer a coin to a coin dealer for sale....
>>
I haven't read the other replies yet, but that sounds like a silly, large and possibly self-defeating overreaction.
<< <i>$4000!?!?!?! for an AU!?!?!?!?! Maybe I am ignorant and have my head buried in the sand with auction results but an MS65 went for 3220, an MS64 went for 1955 another MS65 went for 3220 and a MS65 CAC went for 4312.50 (All in the last yr to yr and a half). An AU58 09-O went for 1610 2 years ago and an AU50 went for 600 around the same time. >>
Somthing is wrong with this post?
<< <i>$4000!?!?!?! for an AU!?!?!?!?! Maybe I am ignorant and have my head buried in the sand with auction results but an MS65 went for 3220, an MS64 went for 1955 another MS65 went for 3220 and a MS65 CAC went for 4312.50 (All in the last yr to yr and a half). An AU58 09-O went for 1610 2 years ago and an AU50 went for 600 around the same time. >>
Where are you finding these prices? According to Heritage a PCGS AU58 sold in 12/08 for $4025 and an NGC AU58 sold for $2990 in 5/08. The last PCGS 64 sold for $4312 in 4/08...