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 Replies: 18 / Views: 3,178 |
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Pillar of the Community
 United States
548 Posts |
Thanks, folks. What had confused me was seated liberty vs capped bust. Evidently the capped bust is a bit more rare; it doesn't come up in searches as often.
I now know what this coin is, and approx what its value it.
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Pillar of the Community
United States
1959 Posts |
I hope $117 was not paid for it in 1964. Worth maybe $30 now.
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Pillar of the Community
United States
4416 Posts |
Wholesale at shows is $15-$20.
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Pillar of the Community
United States
548 Posts |
I suspect the guy DID pay the $117 in 1964. He's now gonna flip when I tell him what it's truly worth.
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Pillar of the Community
United States
4416 Posts |
$117 would have bought some great coin(s) back in 1964! The guy should've bought a Red Book first! |
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Bedrock of the Community
United States
94367 Posts |
Ouch. That would have easily bought a Bust dollar back then.
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Pillar of the Community
United States
548 Posts |
He just came in the shop and picked it up. He said he paid over $100 for it, back in 1964 at a coin / pawn in San Francisco.
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Bedrock of the Community
United States
10982 Posts |
Quote:
He said he paid over $100 for it, back in 1964 at a coin / pawn in San Francisco. That coin was worth $5 tops in 1964. Actually a dealer would have likely paid $1 or $2 for it back then. |
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Bedrock of the Community
United States
94367 Posts |
Agree worth $5 tops in 1964. Do you have any idea why he would do something so foolish? Are there other examples?  |
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Bedrock of the Community
United States
17884 Posts |
Why does anyone do something foolish like that? He was buying something he didn't know anything about. If it had been a small overpayment I'd say he was not quite informed or a little out of his depth, but a MAJOR overpayment of 20 times the value, he was shooting blind. Possibly not a collector and just over impressed with the age and assumed it must therefore be very rare. All of us have seen that before, the "Oh my gosh that's over a hundred years old! It MUST be really valuable!" phenomenon. And people like that are easy prey for con men that will play into that belief.
Edited by Conder101
05/25/2017 2:22 pm
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Valued Member
United States
467 Posts |
I've bought ones in that condition for $20-35. It's too bad if he spent that much in 64. That's a lot of money. What is that in today's money $400-600?
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Bedrock of the Community
United States
10982 Posts |
Quote:
I've bought ones in that condition for $20-35. It's too bad if he spent that much in 64. That's a lot of money. What is that in today's money $400-600? $1000 easy. It doesn't look like the ink's dry on that 2x2 either.  |
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Valued Member
United States
338 Posts |
That is a lot of money for the 60's
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Pillar of the Community
United States
548 Posts |
The guy is / was a movie producer in Hollywood. Liked cool things. He thought this coin was cool, so he bought.
He was a bit skeptical when I informed him of it's value, but he left the shop on good terms. A nice man.
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Pillar of the Community
United States
1432 Posts |
just an example of what I bought for $125 (for both) in 1963   |
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Replies: 18 / Views: 3,178 |
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Posted 05/23/2017 12:23 pm
