My Local Coin Shop Just Listed This Standing Liberty Quarter / SLQ - Page 2

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Author	Replies: 22 / Views: 3,711	Page: of 2

mainer020648 Valued Member United States 89 Posts	Posted 09/25/2014 09:35 am I sometimes hesitate using auction records when the latest one is over a year old. I did find one active listing for this date, mm and grade at Gary Adkins website. He has it listed at $5250. There are a few on ebay that are MS64 listed in the mid $4000 range a 1 MS66+ at over $6000. Report this Post to the Staff
dsfreeworld Pillar of the Community United States 4337 Posts	Posted 09/25/2014 4:11 pm Quote: I sometimes hesitate using auction records when the latest one is over a year old. That's the whole point. What did the market say last time around and the time before and before and so on and so forth. If the market has been consistent for 5 or 6 years straight why would you all of a sudden spend more? Report this Post to the Staff
mainer020648 Valued Member United States 89 Posts	Posted 09/25/2014 6:14 pm The market for a particular series may have changed in the last year. I also check "sold" listings on ebay and Great Collections as well as several dealers for current offerings to see where the "current" market is. I didn't mean that I don't use auction results at all but that I check several sources to compare both past and current markets. I know people who use nothing but auction results and base their decisions on that. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 09/25/2014 6:42 pm It makes no sense to base an opinion of value on asking prices. A coin is worth what people are proven to have paid for it. Report this Post to the Staff
tkbslc Pillar of the Community United States 1158 Posts	Posted 09/26/2014 01:06 am Was the last one toned? Report this Post to the Staff
EarlyTurban Valued Member United States 383 Posts	Posted 10/01/2014 12:08 am A SLQ with that "look" is a gorgeous and desirable coin, particularly for a better date such as a '23-S. ET Report this Post to the Staff
Medieval Pillar of the Community 3772 Posts	Posted 10/01/2014 12:23 am Quote: It makes no sense to base an opinion of value on asking prices. A coin is worth what people are proven to have paid for it. Fully agree with the first sentence. My take on the second is: Anything is worth only as much (to you) as you are prepared to pay for it. As explanation: would I want a 1930 Australian Penny? Yes, I do. Will I buy one? Maybe if I win the lottery. For the same amount I can buy a lot of nice ancient coins. But for someone who is desperate to own a specific coin it's a matter of availability and cash on hand. Report this Post to the Staff
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My Local Coin Shop Just Listed This SLQ