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What Mintage Number Does To Price

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 19 / Views: 2,359Next Topic Page 2 of 2
New Member
United States
18 Posts
 Posted 09/05/2008  11:47 pm  Show Profile   Bookmark this reply Add BioProf to your friends list
I understand what you mean by there being no direct correlation between mintage and value. That is true of all coins both US and European coins. There are just too many different ones during the rule of a King in most European countries to collect. About the only thing collectible in some countries are the gold coins and they are usually the hammered ones. But there are coins from Kings that are highly collected as they weren't around very long and all their coins are country and not regional coins. This coin is one of those. Willem was only around for less than 5 years and his silver denominational coins are very collectible and sought after. I'm in Amsterdam now and it is easy to get a "read" from the dealers and collectors. So this coin is part of a set of real coins minted by a short-lived King and not some obscure strike. They were the circulating currency of the time.

I am not sure what you mean by NCGS making anything up. I don't think I said that and if I implied it, I am sorry. I don't know of anything they are making up.

Thanks again. Keep the help coming. I still need it.

Daryl
New Member
United States
18 Posts
 Posted 09/05/2008  11:55 pm  Show Profile   Bookmark this reply Add BioProf to your friends list
The coin is not missing as is still in the grading slab. I talked to the director this afternoon. Something happened during the sealing of the slab and the coin broke in half. We have the problem of coins becoming brittle here no matter what the metal (gold excluded). They told me that no matter what the settlement, they would return the two halves still in the holder. I asked them to return the coin to the conservation department and have them do their best to "glue" it back together and they had no problem with that. They said they understood that the coin, even though it is now worthless, has some value to the person that owned it.

As far as accepting the first offer. You are right on the money. Just like the 2000 Euro they offered me in the coin shop. No way, I want to see some numbers they are basing it on. I have also told NCGS the same thing. I want to know how they got to the figure they present to me. For me to accept it, it has to be logical and make sense. I'm a reasonable person and if it makes sense and I can live with it. I'll be a happy camper.

Thanks!

Daryl
Pillar of the Community
United States
5318 Posts
 Posted 09/05/2008  11:58 pm  Show Profile   Bookmark this reply Add KurtS to your friends list
I really don't know anything here, but I'll offer an opinion based on other rarities and their arrived value.

If any collector item (coin, Navajo rug, Inuit mask, Babylonian codpiece, etc.) is so rare that a similar item hasn't come up to auction in years, they only way to determine value is to auction your item--in the most visible way possible, of course. Otherwise, an appraisal strikes me as an arbitrary opinion. You won't really know unless it's offered for sale to the right collectors. But that's just my opinion too--good luck on your coin.

Update: the coin was destroyed? I did not catch that the first time--my apologies.
Edited by KurtS
09/06/2008 3:35 pm
New Member
United States
18 Posts
 Posted 09/06/2008  12:07 am  Show Profile   Bookmark this reply Add BioProf to your friends list
You are absolutely correct. I believe that the dealers who wanted to buy the coin were going to do just that. Place it in a well-advertised auction, with a reserve, and see what happened.

That's my problem as well as NCGS's. There is nothing out there to tie a value to. I'm in the dark and looking for some insight as to how to interpret their offer.

Thanks for your opinion. It helps.

Daryl
Pillar of the Community
Learn More...
United States
2703 Posts
 Posted 09/06/2008  01:10 am  Show Profile   Bookmark this reply Add t360 to your friends list
Based on the dealer's offers, I think they will want to offer you 2000 euros.
So I would start by asking for 2x wholesale = 4000 euros.
If they really fuss, then fall back to 3500 euros.
If you have to, (only if you have to)
you can offer split the difference and settle at 3000 euros.
Moderator
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Australia
16842 Posts
 Posted 09/06/2008  02:01 am  Show Profile   Bookmark this reply Add Sap to your friends list

Quote:
... They both said that this coin in any collectible condition has not been on the market for at least 5 years...

Maybe they should have looked harder. There are two Dutch 5 cents 1819 on CoinArchives, both from auctions held in 2006: This one in VF which sold for 750 euros and this one in "EF-Unc" which sold for 1650 euros. That latter one is the closest you'll get to an indication of value for your coin.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
New Member
United States
18 Posts
 Posted 09/06/2008  02:45 am  Show Profile   Bookmark this reply Add BioProf to your friends list
Guess you have to search for the right King. They probably searched for William of Orange and then William I as indicated by the link. Right dates, wrong King. The King of the Netherlands was Willem I, Frederik of the Netherlands (also Duke of Luxemburg) during this time. I think you are right about the value although the second one has some pitting issues.

Thanks,

Daryl
Valued Member
Australia
60 Posts
 Posted 09/06/2008  07:31 am  Show Profile   Bookmark this reply Add RareSov to your friends list
Who the **** is NCGS ? please lets start with that.

Ask to see the coin. Either way, I agree at least double. I would ask for 4000 or more
Pillar of the Community
Poland
3201 Posts
 Posted 09/06/2008  07:33 am  Show Profile   Bookmark this reply Add DL20K to your friends list
Would it be them? http://www.ncgsgrading.com/
Pillar of the Community
United States
1231 Posts
 Posted 09/06/2008  07:59 am  Show Profile   Bookmark this reply Add onejinx to your friends list
First I think the problem started with sending it to NCGS. Never head of them and I sure wouldn't call them "the best conservation lab in the world"

You probably should have sent it to NCS which is part of NGC.

But now that is all in the past for your coin. I think it will be hard to determine current value as none have been up for auction in 5 years. Yuor best bet is to find an auction house that deals with this type of coinage and get them to give an estimate of value based on the details of the coin. You and NCGS would have to be willing to send the coin for them to view in hand or slab. And they would have to value it on if it was not broken.

*Edited to add*

Good luck with it.
Edited by onejinx
09/06/2008 08:01 am
Pillar of the Community
United States
819 Posts
 Posted 09/06/2008  10:08 am  Show Profile   Bookmark this reply Add ElleKitty to your friends list
I guess how much you should accept depends on what you're after here.

How much money would it take to replace the coin they damaged? I would accept that amount, or better yet, the same coin in the condition you presented it to them. I know, an extremely low mintage, with a very high grade. This is why I say take as much as it would cost you to replace the coin.

Pillar of the Community
Norway
510 Posts
 Posted 09/06/2008  3:22 pm  Show Profile   Bookmark this reply Add Litotes to your friends list
Tragic story, I must say. I want to extend my sincere sympathies. In my eyes, market value can never replace such a gem. I can only hope you are a bit more mercantilist than me so that they can (and will) reimburse you fully.

I hope and trust you will refrain from having coins slabbed in the future. I never understood the appeal. I refrain from buying slabbed coins myself and have none in an otherwise extensive collection.

As regards to what you may ask for it, I would not be afraid to open with a high request. The onus is on them to demonstrate that the coin was not worth as much as you ask.
Pillar of the Community
United States
1415 Posts
 Posted 09/06/2008  4:44 pm  Show Profile   Bookmark this reply Add wwhitman to your friends list
So Sad.
Sap had it right. I guess ya have to go around 1650 Euro's, that would be the minimum. As in all dealings -
with t360. Ask for 4000 but take anything more that 1650
OR
'have them replace with same or better
Good luck and let us know how it goes.
Pillar of the Community
United States
5318 Posts
 Posted 09/06/2008  4:47 pm  Show Profile   Bookmark this reply Add KurtS to your friends list
Yeah...sad is right. I did not hear about the damage until I re-read the thread.
Best wishes for a quick resolution.
New Member
United States
18 Posts
 Posted 09/06/2008  4:50 pm  Show Profile   Bookmark this reply Add BioProf to your friends list
I did send it to NCS in Sarasota, Florida. I got my letters messed up. Should have said PCGS might do the grading. Sorry too many acronyms for my little brain. It was sent directly to the Numismatic Conservation Service (NCS) with instructions to conserve and authenticate. Based on how long that took, I was going to have to sent through the NCS system or wait and let my dealer back in the states send it to PCGS (that's where he sends his coins). I'm in Amsterdam now, the UK for all of October and I didn't want the coin following me around.

So anyway, I asked that the coin be returned to me if it took the full time to conserve and authenticate it. If time permitted and I they could get the coin graded and shipped in time, they could do that as well. As far as I know, it made the time deadline I gave them and it went all the way through the NCS system and was going to be shipped back before I left Amsterdam. So NCS is the one who broke the coin in the machine that slabs it. Last step and "snap."

So sorry for the confusion. Somehow NCGS got in my head rather than PCGS and I messed up. I was working off memory and got it a little messed up. Guess I was so upset that things didn't work too well.

Please accept my apology.

I think a fair price will be somewhere between what the dealer offered me and what it might bring at an auction. Coin values are all over the map when thy come up for auction and trying to nail that down is impossible. So more than the dealer and less than a wild auction and I'll be a happy camper.

Thanks for all the input I really do appreciate it. Guess you can see now why I said I needed all the help I could get.

Daryl



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