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1859 Large Cent, Anyone Want To Take A Stab At Variety?

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Pillar of the Community
DEVLEC's Avatar
Canada
3234 Posts
 Posted 11/29/2014  09:17 am  Show Profile   Bookmark this reply Add DEVLEC to your friends list Get a Link to this Reply
If you have the opportunity to read and digest Rob Turners books,..you will get an interesting math perspective on how rarities are ~ estimated.

Seeing as we like to "look" at coins,..some very visual varieties become very popular.. and the price climbs somewhat on these.

Some are truly "super rare" and are almost never seen(or found) and then the specialty collectors will naturally "battle " over these seldom seen ones.
Valued Member
dan-in-crystal-lake's Avatar
United States
493 Posts
 Posted 11/29/2014  10:45 am  Show Profile   Bookmark this reply Add dan-in-crystal-lake to your friends list Get a Link to this Reply

Quote:
looks like the experts just take the regular price and multiply by 10.
Sorry, I'm a cynical person by nature and seeing the Charlton prices makes me chuckle.


kbbpll, you are partially correct in your assessment. When we put that section together, we looked at the relative scarcity of the variety, what kind of demand it might have, and assigned a multiplier against each variety. That one happened to be 10. Others had no multiplier, the highest was 60 for very very scarce and high desirability. Devlec is quite right, there is very very scarce material come up that is not currently in high demand. These you can still get at a reasonable price if you have put in the time to understand the scarcity of an item.

For a look at our thought process, see pages 266 to 268 of that edition. With that particular variety section we attempted to answer 2 basic questions. First, what is collectible in Vickie large cents, 2 what's it worth. We knew it was just a place to start and that the market would dictate the prices and collectability over time.

Cheers
Pillar of the Community
Canada
1461 Posts
 Posted 11/29/2014  11:34 am  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list Get a Link to this Reply
I've had both of Rob's books in my "cart" and one day I'll press the buy button. I understand there are now 4 books in total. I think it might be time....I do use his seminar work as reference. As far as pricing, I don't think we are far off. The only point (with some assumptions on my part)I was trying to make is that most pricing for these rarities are more "estimates" than market data. And maybe that's irrelevant since the market will ultimately decide value. As you elude to, the rarity market can be inconsistent depending on what's trending at any given time and if multiple people are looking for that missing coin (obvious). The only point I would like to reiterate is that more Canadian coins (common and rare) are available to the Canadian market because of the way we do business. Both the 1859 9/6 and this coin were bought outside of North America. Also, as previously mentioned in another thread, the recent silver boom has brought many unknown coins out of sock drawers to market and I believe is part of the reason for the depressed common coin market (especially the dollars). The other side of it is that through that process many coins are being melted. As sad as it maybe be for some, it will eventually play out well for the collector market. Thank you both Dan and Dev for the pricing insight....
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viper's Avatar
Canada
638 Posts
 Posted 11/30/2014  05:37 am  Show Profile   Bookmark this reply Add viper to your friends list Get a Link to this Reply
Indeed a very very scarce variety. I do have over 700 1859's but I am still missing that one! When I saw Da......l... bidding on it I knew I would not have a chance on it. Oh well another one will come along one day maybe!
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