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 Replies: 18 / Views: 3,229 |
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Valued Member
 United States
50 Posts |
This is a " You have 750-1,000 examples out there potentially, so I will ask whatever I want so you can say you own one" price. I would think along your lines, someone willing to pay $4K for that would spend $7K for something problem free. That coin falls in a very odd interest level financially speaking.
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Pillar of the Community
United States
716 Posts |
If I am going to invest in an 1856 FE it would be the highlight of my collection. It would be the purchase of a lifetime for me. I would want it to be a problem free coin even if it is in a lower grade than the one he has.
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Pillar of the Community
861 Posts |
This seller has been selling this same coin over and over for months on icollector: http://www.icollector.com/1856-FLYI...LS_i15325529Obviously he is just buying his coin back on icollector while he is simultaneously listing the coin for sale on ebay. The true market seems to value this coin at $3,300 Edited by g048406
02/17/2013 4:18 pm
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Valued Member
United States
50 Posts |
Yep..Same address as the ebay address for the " Buyer " on icollector as the "Seller" on ebay. Nice catch friend! |
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Pillar of the Community
861 Posts |
This coin has problems that are easy to see. I have seen this coin numerous times over the past couple of years. The problem is this coin has now become 'stale'. It has been over-exposed to the public. I'm glad I could be of some help to you joeycoinz
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Pillar of the Community
United States
8904 Posts |
Quote:
eBay No disrespect intended, but a more descriptive title for your thread would be helpful.  Maybe "1856 Flying Eagle cent on ebay... Thoughts?"Edited by Moe145
02/17/2013 7:55 pm
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Bedrock of the Community
United States
20753 Posts |
Quote:
If I am going to invest in an 1856 FE it would be the highlight of my collection. It would be the purchase of a lifetime for me. I would want it to be a problem free coin even if it is in a lower grade than the one he has.  Kind of the type of coin you want to show off, not hide. |
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Valued Member
United States
401 Posts |
I don't feel nearly as bad about the the problems everybody pointed out on my 56 FE ;-)
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Valued Member
United States
50 Posts |
So I called that dealer. I said I would offer $3200 cash, he told me to go pound salt. "$4,000 cash or nothing".......ok nothing it is.
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Bedrock of the Community
13014 Posts |
Quote:
So I called that dealer. I said I would offer $3200 cash, he told me to go pound salt. "$4,000 cash or nothing".......ok nothing it is. He must have overpaid for it himself, or hes delusional about how many people will want to spend 4k on a details coin. I agree with the others if your going to spend 3 or 4k on a coin it better either be problem free, significantly cheaper than non problems ones, an extreme rarity, or the only surviving ones all have problems. |
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Pillar of the Community
United States
3755 Posts |
basebal, an 1856 FE IS an extreme rarity, no matter what its condition is. A problem free coin is 7 grand. Knock half for a details grade and you are in the ballpark he is in. That is the range for an AG coin.
So, I am not so sure I wouldn't pay 4 for that coin. Presuming I had 4 grand to spend on a coin.
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Bedrock of the Community
13014 Posts |
Smoke I was thinking more along the lines that if you have 4 grand to spend on a coin you obviously make a good amount of money. I'm going to assume that people who do get coins in that range arent saving 50 or 100 dollars a month for years to get it. If you can come up with the 4 grand why not just save a little longer and get a problem free one?
I did over simplify it too lumping all problem coins together. I'm not a fan of the look of the one in question especially at that price. If it was a small scratch or something that gave it the details or even a cleaning that didnt mark it up everywhere I wouldnt be opposed to something like that.
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Valued Member
United States
102 Posts |
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Pillar of the Community
United States
3755 Posts |
Yeah, it's not the prettiest 56 I have ever seen, but it is one of the most affordable I have seen. Like I said, I don't know that I wouldn't pay 4 grand for it, but I don't know that I would either. Matters not as I don't have that to drop on a coin. LOL
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Pillar of the Community
United States
1081 Posts |
Big pass. I agree with comments made so far. If I had $4000 to spend, it would not be on such an unattractive coin. When you go to sell it you are going to have a vey hard time doing so. The collectors in this price range aren't looking at a badly damaged, ugly example. If you really want one save up a bit more and get one you'd be proud to show.
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Posted 02/17/2013 1:58 pm
