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 Replies: 17 / Views: 2,136 |
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Pillar of the Community
United States
1415 Posts |
I think you will be north of 600.
Good luck
Don't ask what he paid - quite uncool
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Pillar of the Community
United States
812 Posts |
I agree that $600 would be pretty unlikely. Most dealers sell at retail prices, and BUY at wholesale (Greysheet) prices. I'd be surprised if he'd sell it for less than $750, and wouldn't be shocked if he wants $900+.
It wouldn't hurt to offer $600, but don't get your hopes up.
Edited by Bilbo
09/12/2008 2:04 pm
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Pillar of the Community
United States
1130 Posts |
I guess I'm just used to paying Greysheet prices for my coins  |
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Pillar of the Community
United States
812 Posts |
That's a great thing to be used to!
Are you a dealer, good friends with a dealer, a shrewd businessman, only purchase coins that are being offered at wholesale, or something else?
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Valued Member
 United States
295 Posts |
I called the shop just now and the owner will not be there till monday morning at 8:oo am. They dont open till 10:00 so I am hoping to get there before they open to discuss price. I was thinking about 600$ would be nice.
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Pillar of the Community
United States
1415 Posts |
Sounds like a plan. Note you could ask him how much he wants for it first. But I think you be okay. Offer $600 - but watch him closely when ya do. He will probably counter offer, but you may get an inkling as to his flexibility. Good luck and let us know how it goes - VIDEO TAPE  |
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Pillar of the Community
United States
1130 Posts |
Quote:
Are you a dealer, good friends with a dealer, a shrewd businessman, only purchase coins that are being offered at wholesale, or something else?
Good customer with the biggest wholesale dealer in the state. Wholesale prices, good inventory and 30 day return policy... What more can you ask ?  |
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Valued Member
United States
295 Posts |
The price on the back is 690$ but that is not what I want to pay!
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Pillar of the Community
United States
1130 Posts |
Go halfway between 690 and 600 and you've made a good deal, IMO.
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Pillar of the Community
United States
2443 Posts |
I remember seeing an 1881 AU55 or AU58 in an NGC slab for $900+. If you can get it for $600, think I think your getting a great deal.
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Valued Member
United States
295 Posts |
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Moderator
 United States
189649 Posts |
Overall it looks great!  Not sure about that second 8 in the date. I would think that if it was anything suspicious, PCGS would have bagged it. Very odd! |
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Valued Member
United States
295 Posts |
I thought greased or filled die.
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Moderator
United States
189649 Posts |
Now that you mention that, it sounds plausible to me. I am sure PCGS magnified it and looked for signs of tampering or other foul play.
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Pillar of the Community
United States
6396 Posts |
I presume you paid somewhere between $600 and $690 which is still a pretty good price for this scarce date in PCGS AU-55. The date on any coin is considered one of the worst places for damage in terms of the effect on market grade. Even if the weak 2nd 8 was caused by a filled die (rather than by post-mint damage) I would consider this coin less desirable than a similar coin with a normal date.
I checked several mint state 1881 coins in the Heritage auction archives and they all had a well-formed second 8 in the date. Your coin is apparently not typical in this respect. I would speculate that your dealer also saw the weak 8 as a defect and priced the coin accordingly.
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Replies: 17 / Views: 2,136 |
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Posted 09/12/2008 2:03 pm
