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 Replies: 39 / Views: 4,623 |
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Valued Member
 United States
384 Posts |
I'm getting it for a few hundred less than that price
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Pillar of the Community
United States
6387 Posts |
NGC shows a value of $600 for this date in PR-58. A business-strike 1872 AU-58 lists for $485. So, the proof likely costs more than the equivalent MS piece.
For less money I'd look for a choice AU-58 which likely would be easier to sell in the future.
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Pillar of the Community
United States
1963 Posts |
Actually, now I am looking to buy a PF 58 or PF 60 Morgan. Sadly, that's all I can afford as a YN.
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Pillar of the Community
United States
927 Posts |
I love the look of this coin and it has great detail. But am I missing something? Maybe it's the picture but it doesn't look proof to me. It doesn't have a mirror finish like I would expect. Or did they just make matte proofs back then? How do you know this is actually a proof coin (and I don't mean because the slab says so)?
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Valued Member
United States
384 Posts |
The dealer said there is limited mirror finishes due to the fact that it is circulated, which makes sense. In this next picture you can see some luster and maybe some traces of the mirror finish?  |
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Valued Member
United States
384 Posts |
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Valued Member
United States
127 Posts |
About 40 years ago, I bought a Gobrect Dollar, maybe a VG at best, with a hole in it. At least I had one, one with character. I enjoyed it, I didn't baby it. I even dropped it once or twice. At some coin shows, I would keep it in my pocket, no envelope or flip. I sold it. I'll bet it survives today in a slab, kept in a bank vault, and maybe looked at twice a year. I at least had fun with it.
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Pillar of the Community
United States
1963 Posts |
How much was that Gobreht dollar?  |
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Valued Member
United States
384 Posts |
Another one I was considering  |
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Valued Member
United States
89 Posts |
If it was a Seated proof, I most certainly would if the price was right
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Bedrock of the Community
Australia
21788 Posts |
I think that ANY collector of U.S. classic coins would.
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Pillar of the Community
United States
3325 Posts |
It's interesting that proof Trade dollars don't often cost much more than their MS counterparts. That one looks nice. How do you determine value on a circulated proof? I don't get to see the greysheet or similar listings as a rule. "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Valued Member
United States
384 Posts |
I don't know if there is any easy way to determine price. Usually I look at PCGS recent auction history and then ballpark what I'd like to pay. This will probably be my last big proof purchase, and the Trade dollar will be the center of my collection |
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Valued Member
United States
79 Posts |
That is a beautiful coin. As GR58 said, there are lots of reasons why a person MIGHT buy a circulated proof.
Now that I think of it, "circulated proof " sounds kind of like an oxymoron.
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Pillar of the Community
United States
1499 Posts |
My usual answer would be, "No," unless it is a Proof only issue that is wicked expensive in the as struck grades. The trouble is that there is often very little of a price discount for the circulated pieces because the supply is usually very thin. The only circulated Proof that I have ever bought was a slightly worn 1836 Gobrecht dollar when I was younger. NGC didn't agree with me. They called it "PR-60." I later soold it for a nice profit when I bought an upgrade for that slot in my collection. |
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Posted 06/19/2017 11:08 pm
