How to value "really fresh"coins
TahoeDale
Posts: 1,785 ✭✭✭
An image of a high end Proof Shield nickel in the upcoming Heritage CSNS sale reminded me of a coin I used to own, that today if available( its not) would be several times the PCGS guides for this date and grade.
The coin in the sale is an 1879/8 nickel in Pr 68 Cam. It is very nice, and getting some aggressive bidding
The really fresh coin is a a Pr 69 of the same date. It is the only 69 graded by PCGS for the series, and is valued (in the Guides) at $27,000. I am reasonably sure that the value has not changed in 8 years. There have been no trades.
I bought this coin in the late 90's, paying 16,000. Sold it to Legends for 32,500 a couple of years later. It then traded in the high 20,000 range til it sold in an auction for 25K.
Today, it is in very strong hands. If it appeared in auction, I believe it would bring in excess of 75,000. It is near perfect, and has the best toning of any proof nickel I have ever seen.
When a coin has been off the market for years, and is a fab example of the series, price may not be relevant--as TDN has opined, the opportunity may be more important.
If either of the MS 67 1885 lib nickels were to become available, I could see the same thing occurring. Price? in excess of 100,000.
So, TDN, if the Gem 1795 small eagle bust dollaryou want appears, you better sell your 1806 half and 1807 quarter to me to fund your new purchase.
The coin in the sale is an 1879/8 nickel in Pr 68 Cam. It is very nice, and getting some aggressive bidding
The really fresh coin is a a Pr 69 of the same date. It is the only 69 graded by PCGS for the series, and is valued (in the Guides) at $27,000. I am reasonably sure that the value has not changed in 8 years. There have been no trades.
I bought this coin in the late 90's, paying 16,000. Sold it to Legends for 32,500 a couple of years later. It then traded in the high 20,000 range til it sold in an auction for 25K.
Today, it is in very strong hands. If it appeared in auction, I believe it would bring in excess of 75,000. It is near perfect, and has the best toning of any proof nickel I have ever seen.
When a coin has been off the market for years, and is a fab example of the series, price may not be relevant--as TDN has opined, the opportunity may be more important.
If either of the MS 67 1885 lib nickels were to become available, I could see the same thing occurring. Price? in excess of 100,000.
So, TDN, if the Gem 1795 small eagle bust dollaryou want appears, you better sell your 1806 half and 1807 quarter to me to fund your new purchase.
TahoeDale
0
Comments
If you passed, that's okay. There is one more, in the leading Lib Nickel collection, that will cost you over 100K.