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Replies: 34 / Views: 4,236 |
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Pillar of the Community
Canada
743 Posts |
better luck next time DEV. lots of fish in the sea!
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Pillar of the Community
Canada
3234 Posts |
Oh yes ...there are always surprises coming along and that's part of the fun.. ..but I can't wait to see the asking price for it on ebay.. I would have been very generous and would have asked at least $50,000 less that it's now going to go up for..  ..such a deal already.. I like the big prices in some of the ebay offerings ..gives a good laugh ..and adds some strength to the coin market.. . .
Edited by DEVLEC 11/28/2014 2:08 pm
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Pillar of the Community
 Canada
1461 Posts |
Well...It's the third large cent coin I listed without paying attention to detail until after it was listed. 1859 9/6 and an 1858 FV were the other two. Unless it constitutes a catastrophic financial error, I generally don't like to remove coins after they've been listed for auction. This one went well, the 1858, not so much.
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Pillar of the Community
Canada
3234 Posts |
I've been a good client...maybe I should come and work for you... 
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Pillar of the Community
 Canada
1461 Posts |
I need all the help I can get DEVLEC. lol..
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Pillar of the Community
Canada
1505 Posts |
Devlec, YOU got that one right.....I would guess his bid was over 500 when he bids he usually bids to buy. It will most likely come back in a ANACS holder in a few months.
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Pillar of the Community
Canada
3234 Posts |
I still would like to know why the surface was kind of rough looking from so many others that we daily see?
Didn't see that nice deep brown that we often expect to see on a nicely graded cent.. details,..details..
Maybe cleaned a bit..I don't know..? Nice sharp pics though..
I'm no expert here,..because I'm used to handling nice shiny ones...and the "dark side" of cent collecting is new to me..
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Pillar of the Community
United States
4233 Posts |
Quote: much of the odd variety pricing in Charlton is derived by expert opinion and not by sale numbers looks like the experts just take the regular price and multiply by 10. Sorry, I'm a cynical person by nature and seeing the Charlton prices makes me chuckle.
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Valued Member
Canada
491 Posts |
I'm thinking he will re list it as Very Rare and ask 25.0000 for it time will tell. I thought the coin was EF-40
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Pillar of the Community
 Canada
1461 Posts |
The coin doesn't appear recently cleaned, conserved or whizzed Develec. However, reality would dictate that a 150 year old coin in that grade has ben cleaned many times over it's lifetime. Copper "heals" pretty well over time. Silver also, just takes a few years longer.
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Pillar of the Community
 Canada
1461 Posts |
With respect to Charleton pricing, I think the mainstream stuff is not far off trends (one might rightfully argue that trends is way off on some coins, and that they are). I think the more rare stuff in CHarleton is assigned pricing based on some assumptions based on other rarities. I also think that over the last few years the world has gotten smaller and more coins are available. This impacts pricing. The commonwealth was a big place and now you get to shop it (easily). I don't either Charlton or trends have kept up with that fact very well.
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Pillar of the Community
Canada
3234 Posts |
If you have the opportunity to read and digest Rob Turners books,..you will get an interesting math perspective on how rarities are ~ estimated. Seeing as we like to "look" at coins,..some very visual varieties become very popular.. and the price climbs somewhat on these. Some are truly "super rare" and are almost never seen(or found) and then the specialty collectors will naturally "battle  " over these seldom seen ones.
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Valued Member
United States
493 Posts |
Quote: looks like the experts just take the regular price and multiply by 10. Sorry, I'm a cynical person by nature and seeing the Charlton prices makes me chuckle. kbbpll, you are partially correct in your assessment. When we put that section together, we looked at the relative scarcity of the variety, what kind of demand it might have, and assigned a multiplier against each variety. That one happened to be 10. Others had no multiplier, the highest was 60 for very very scarce and high desirability. Devlec is quite right, there is very very scarce material come up that is not currently in high demand. These you can still get at a reasonable price if you have put in the time to understand the scarcity of an item. For a look at our thought process, see pages 266 to 268 of that edition. With that particular variety section we attempted to answer 2 basic questions. First, what is collectible in Vickie large cents, 2 what's it worth. We knew it was just a place to start and that the market would dictate the prices and collectability over time. Cheers
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Pillar of the Community
 Canada
1461 Posts |
I've had both of Rob's books in my "cart" and one day I'll press the buy button. I understand there are now 4 books in total. I think it might be time....I do use his seminar work as reference. As far as pricing, I don't think we are far off. The only point (with some assumptions on my part)I was trying to make is that most pricing for these rarities are more "estimates" than market data. And maybe that's irrelevant since the market will ultimately decide value. As you elude to, the rarity market can be inconsistent depending on what's trending at any given time and if multiple people are looking for that missing coin (obvious). The only point I would like to reiterate is that more Canadian coins (common and rare) are available to the Canadian market because of the way we do business. Both the 1859 9/6 and this coin were bought outside of North America. Also, as previously mentioned in another thread, the recent silver boom has brought many unknown coins out of sock drawers to market and I believe is part of the reason for the depressed common coin market (especially the dollars). The other side of it is that through that process many coins are being melted. As sad as it maybe be for some, it will eventually play out well for the collector market. Thank you both Dan and Dev for the pricing insight....
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Pillar of the Community
Canada
638 Posts |
Indeed a very very scarce variety. I do have over 700 1859's but I am still missing that one! When I saw Da......l... bidding on it I knew I would not have a chance on it. Oh well another one will come along one day maybe!
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Replies: 34 / Views: 4,236 |
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