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1877 Indian Head Penny - Any Input?

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New Member
United States
33 Posts
 Posted 04/14/2019  7:46 pm  Show Profile   Bookmark this reply Add JJS2 to your friends list Get a Link to this Reply
The 1877 went for $1,800 or so, which is about 800 more than was offered. Not too bad. They keys did quite well, some double or more what he offered. Total, however is hard to tell, looks like still $7K after fees. (?!) We probably should have just sold the keys on GC, maybe.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 04/14/2019  8:19 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
GC only sells slabbed coins. You really had no choice. Expensive coins in details holders have a very limited audience.
Edited by Coinfrog
04/14/2019 8:23 pm
New Member
United States
33 Posts
 Posted 04/14/2019  8:32 pm  Show Profile   Bookmark this reply Add JJS2 to your friends list Get a Link to this Reply
I just remembered, there are two more coins still to be listed when Ian gets them back from NGC for correcting, two of the over dates. we were offered around $500 or so for one of those, so hopefully that will go up and along with the other coin maybe we can get another $1,000 as part of the total for the set. I guess that makes me feel slightly better. it's not 14k oh, but it's still more than we would have gotten locally I still feel that I sort of let my dad down, I should have advertised the listings more, or something. with the keys selling for double or more what we were offered before, I still can't figure out how the total for the set it's still only about $7,000. Maybe $8,000 with the other two coins to come. $14K would have just covered all of his debt. seller and Grading fees For all 59 coins, I guess played a part. The more I think of it, I don't know why we didn't just pick the most valuable coins and just sell those on GC.
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33 Posts
 Posted 04/14/2019  8:43 pm  Show Profile   Bookmark this reply Add JJS2 to your friends list Get a Link to this Reply
I don't think the cleaning made as big of a difference to the local dealer here, (who also runs a coin Club), as it does to others. There's two trains of thought on it, it seems. There's a surge of collectors now where it doesn't make as much of a difference, unless it's really severe or recent. Then there are the rest, who treat them like the plague. He certainly took more off for the "cleaning", but on the summary of his estimated grades and offers for each, he didn't even bother noting which coins he thought had the cleaning, he just wrote a note on top of saying many appear to have possible cleaning), and he made other more specific notes on each coin.
I guess his offer for the 1877 was $900, and it sold on GC for $1,800. The expensive coins did quite well on GC! I think it was the volume of the less expensive coins that took a lot away in grading and seller fees. I mean, when a lot of the expensive coins sold for double what the local dealer offered, and the total the local dealer offered for the set was about $7,000, then simple math would of course lead anyone to believe they could get around $14,000 for the set. But in the end, we're still left with around $7,000. Maybe $8,000 when the two other coins get listed.
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52Raymo's Avatar
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8521 Posts
 Posted 04/14/2019  8:57 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Did you see the other set on GC ? It's being sold as a lot with an opening bid of 28 k. Quite a set.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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acloco's Avatar
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3540 Posts
 Posted 04/14/2019  9:52 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
JJS2 - list the key dates and prices realized please.

Cleaned coins....well...there is cleaned, cleaned, and CLEANED coins. Depends. There is not set guideline about pricing cleaned OR damaged coins.
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Coinfrog's Avatar
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 Posted 04/14/2019  10:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
JJS2 - I think you did just fine all things considered.
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52Raymo's Avatar
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8521 Posts
 Posted 04/15/2019  10:17 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Cleaned, whizzed, altered color....I think you did well all things considered.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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eternallogan's Avatar
Canada
314 Posts
 Posted 04/15/2019  7:27 pm  Show Profile   Bookmark this reply Add eternallogan to your friends list Get a Link to this Reply
See 52Ray, a buyer is going to be hard pressed to pay more than 2K for that '77, and I'm just glad it went for $1,800.
As you said though, I also think it went pretty well.
Maybe not the best possible scenario, but it doesn't appear that the seller got ripped off on any of the coins.

I also think the '71 was a fair price at around $300, considering you can get the coin in AU-55 for a little over $500
Edited by eternallogan
04/15/2019 7:32 pm
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Coinfrog's Avatar
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 Posted 04/15/2019  7:32 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Completely agree.
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 Posted 04/15/2019  7:59 pm  Show Profile   Bookmark this reply Add JJS2 to your friends list Get a Link to this Reply
I agree the keys sold well, I'm just confused how it all still only adds up to around $7K.. unless I'm not reading it right. I'll post the full summary in a little bit.. maybe they were deducting the $2,500 advance payment they already sent..
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52Raymo's Avatar
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8521 Posts
 Posted 04/15/2019  11:30 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply

Quote:
See 52Ray, a buyer is going to be hard pressed to pay more than 2K for that '77, and I'm just glad it went for $1,800.
As you said though, I also think it went pretty well.


Yeah the GC pics for the 77 were pretty bad. The pics here that he first posted of the 77 would've gotten way more on ebay. I went through al the GC listings twice and had but 2 of the coins in my watch list. I spaced the time and lost out.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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eternallogan's Avatar
Canada
314 Posts
 Posted 04/16/2019  12:59 am  Show Profile   Bookmark this reply Add eternallogan to your friends list Get a Link to this Reply
I agree that the first pictures were better, but I also feel like auctions on GC tend to go for more than ones on ebay.
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Coinfrog's Avatar
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94367 Posts
 Posted 04/16/2019  08:40 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Usually, but not always. People do stupid stuff on ebay.
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 Posted 06/16/2019  7:56 pm  Show Profile   Bookmark this reply Add JJS2 to your friends list Get a Link to this Reply
Another update, which I meant to post last week when the auction was happening.. it JUST ended a half hour ago. It was for the remaining two coupons from this set. I think we just screwed ourselves over. It was for the 1869/69, and the other over date which they have listed confusingly. I meant to post about them all over, but got sick, of course. Perfect timing. I estimated the 69/69 should have went for well over $600, since I think that's what he paid for it, years and years ago. How much should these have went for?

1869/69
https://www.greatcollections.com/Co...NGC-VF-35-BN

1866/1--6 Indian cent RPD FS-301 NGC AU
https://www.greatcollections.com/Co...C-AU-Details
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