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 Replies: 17 / Views: 1,991 |
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Valued Member
 United States
51 Posts |
Wow. :(
Even though they are rare dates they're still worthless?
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Pillar of the Community
 United States
900 Posts |
They are not worthless, but their condition is quite poor. According to their website APMEX sells culls at about $14/each. |
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Valued Member
United States
51 Posts |
I see. Would you say that the 1868 S and 1852 O are worth more than cull because they have no holes?
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Pillar of the Community
United States
3475 Posts |
Quote:
Would you say that the 1868 S and 1852 O are worth more than cull because they have no holes? I would't. |
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Pillar of the Community
United States
900 Posts |
I would say that they are not worth more than cull to a coin collector. You might find a buyer who is unfamiliar with coins, who would like to own something old, a coin that has been handled by many ordinary people. Essentially recognizing it as a piece of history. It is only as valuable as what someone is willing to pay for it, so it really all depends on the person.
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Pillar of the Community
United States
3843 Posts |
Did you purchase the below listing? 1868-S Seated half dime 202598441888Is this your listing? 123661227155I can't see anyone purchasing it at $39. $5 maybe, but not much higher. Flipping problem coins rarely makes collectors money. |
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Pillar of the Community
United States
900 Posts |
Ugh. Well that is unfortunate.
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Valued Member
United States
51 Posts |
Yeah that is me. I've made quite a bit with indian head pennies. I got an 1839 quarter for $8 and sold it 4 days later for $36. But yeah Seated coins haven't worked out too well. It's kind of a side hobby for me. If I make a profit that's great, but if not it's not a big deal. It's just something I do for fun. |
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Pillar of the Community
United States
3843 Posts |
Interesting experiment. Well if you take adequate photos and honestly represent the coins in your listings I say go for it. May not be the best strategy to buy on ebay to resell on ebay. I'd say go to some local coin shops or coin shows and ask dealers to look in their junk bins. Many dealers and experienced collectors view problem coins in a very negative light so you may be able to get them cheap. Remember that there is a huge supply of early problem coins, so don't invest any money you can't afford to lose. Edited by Joe2007
03/05/2019 9:32 pm
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Valued Member
United States
51 Posts |
Yeah, I agree that buying on ebay to resell on ebay isn't the best strategy, but I don't really have any local coin shops in the area. I could try looking around in the area though. So far, I've never lost money on a coin. I've broken even a few times, but never lost money. Usually it works best when you buy an auction of multiple coins and then sell them individually. Last month I got 5 indian heads 1868, 1870x2, and 1871x2, for $41 total. I've sold both of the 1871's for $32 each and one of the 1870's for $20. It's been harder selling other coins though. |
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Pillar of the Community
United States
900 Posts |
I misunderstood the listing and thought you paid $39 for it and assumed that you paid a similar price for the others. That would be a tough pill to swallow, but $12.50 isn't so bad.
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Pillar of the Community
United States
8715 Posts |
IMHO, in the future, you could take the money you would spend on 2 - 3 damaged coins, and use it to purchase one worn, but "straight grade" coin with less damage. Just my opinion.  Edited by SilverDollar2017
03/06/2019 11:34 am
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Valued Member
United States
51 Posts |
Haha yeah no, when it comes to flipping coins, I've never paid more than about $15 per coin, aside from the 1826 half dollar, but I'm pretty content with keeping that for myself.
SilverDollar2017, do you mean like a coin that grades above cull? That's not a bad idea. Usually the best way to get coins cheap is when you find it hidden in a lot of other coins, but often they come in terrible condition like these. But I will keep that in mind!
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Bedrock of the Community
United States
94367 Posts |
Holes or not, just culls. I'd certainly rather have one nice coin than three junkers, but each to his own.  to the CCF! |
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Valued Member
United States
51 Posts |
I think that is a common view, and I definitely see the logic in that. Maybe it's just because of how I was raised, as my grandpa and mom both tend to keep everything they get and shop at resale shops and never ever buy anything new. But for me, I value quantity over quality.
But Lord willing, once I graduate college and hopefully get a good job, I hope to slowly replace my "quantity" coins with "quality" coins!
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Posted 03/05/2019 3:08 pm
