Flying Eagle Cent Prices

Buying Flying Eagle cents you should really have a good idea
What the grade is, because of the price jumps between grades.
VF around $60, XF over $100 and AU over $200.

When I buy coins from non dealers, I try to figure out what a dealer
would pay and what retail is. Then depending on how much I like the coin
and how much I like the person I am dealing with, I try to decide what I am willing to pay. I feel a lot of dealers will offer about $65 for a nice problem free XF flying eagle. Numismedia has $138 for a XF (retail).

I always want to be closer to what the dealer will pay, or near greysheet.
I don't have a greysheet right here with me, but I think it is around $100 for XF.

Again based on what the grade of the coin is... that your looking at.
If it was XF and has no problems .. then between $60 and $100 would be a good deal.

Edit I did not see you posted a picture, until after I posted.
The picture is pretty small, but from what I can tell it does
not look XF.

as well with all GR58 said, sound advise.

RedBook prices are all over the place, sometimes high, sometimes low and once and a great while spot on. One can never really tell. By the time they write, edit, publish, print and finally sell that years RedBook many of the prices have changed, as with the melt values. RedBook is a great resourse, for rare dates, some varieties/errors, history, mintages etc. but for prices.. Not so much. In some instances there way off on price... Overpricing coins by a couple hundred dollars of more...

I'd use numismedia.com (which is still a bit high IMHO) instead or check completed ebay listings for an estimate of what people are actually paying today as the prices of coins change quite often.

See if you can get a better pic.

That's a nice eagle but 110 is way too much. Offer him half that.

Seeing the new picture, I think $50 - $60 would be more of a retail price, for this coin.

I would feel better getting this coin in the $35 to $45 range.

For $110 you should be able to find higher grade coin.

With friends like these who needs enemies?

$35 to $45 sounds fair to both sides.

Sounds harsh but so true.

Yeah, being that he is your friend I would just drop it. He might be into the coin for that much and has no idea that he got taken. Or conversely, he knows exactly what is going on and is a complete dick. Either way for $110, you could find a much nicer coin. Good thing you did your due diligence here first.

I would recommend in the near future investing in either a copy of Photograde, or a book that I like even more: Grading Coins by Photographs by Q. David Bowers. These guides provide excellent high quality photographs of coins in all kinds of various conditions. If I go to a coin show I take it with me, and its prevented me from making more than one bad purchase. Also pick up a greysheet. Go to greysheet.com for some information on ordering. Even having an old guide will give you a price range on what different coins should go for and you will be better equipped with these two resources to know what a coin you might be interested is graded at and what you should pay for said coin.