Latest Purchase And Question About Prices Of Two Cent Coins

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Author	Replies: 6 / Views: 1,166
cipster Pillar of the Community United States 2362 Posts	Posted 02/07/2012 5:08 pm Here's my latest purchase - an 1866 Two Cent coin. I just freed it from the ANACS holder (AU55). A while ago I decided to start collecting all of them except for the 1873. I set a minimum grade of being able to read the 'We' so EF40 or higher. At this point I need the 1869 through 1872 and so here's my question. As I've watched auction after auction for months on ebay the price often goes beyond the Red Book price. I'm not a dealer so I know I can't buy at wholesale but I do expect to get as close to Blue Book as possible. Just an opinion question. Am I seeing the usual ebay bidding frenzy where people overbid without regard for the coin's value or is there some reason why these higher quality Two Cent coins are getting higher prices at auction? Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith Edited by cipster 02/07/2012 5:13 pm Report this Post to the Staff

SHAFTA9a Bedrock of the Community Canada 10743 Posts	Posted 02/07/2012 6:05 pm Beautiful coin. Is that a Cud over the "A" in states? Report this Post to the Staff
cipster Pillar of the Community United States 2362 Posts	Posted 02/07/2012 6:10 pm Yes, it does look like a Cud. Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith Report this Post to the Staff
matthewvincent Pillar of the Community United States 3486 Posts	Posted 02/07/2012 6:18 pm Hi cipster, an opinion answer: People who bid on Two Cent Pieces are not the stackers who live and die on every change in the price of gold and silver. They are people who are attracted to the series. Having set a clear goal, they set out to purchase the coins that they need. While many examples have survived in low grades, the higher grades are not quite so plentiful. So, when people bid in excess of the prices shown in "lists", it is due to their knowledge that these coins "demand" a premium over the published prices. I have experienced the same with Barber coins. The prices in the "lists" are NOT what the market demands. Let's see what other members have to say. I salute your task! I wish you success. Report this Post to the Staff
ArrowsAndRays Pillar of the Community United States 1654 Posts	Posted 02/07/2012 6:19 pm Quote: set a minimum grade of being able to read the 'We' That's the key to 2 cent pieces, the WE is always worn. Nice coin! Edited by ArrowsAndRays 02/07/2012 6:20 pm Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 02/07/2012 9:13 pm We offered a 19th century scarce date coin. It was barely vf, and brought about 50% over any xf catalog price I could find. Report this Post to the Staff
westcoin Pillar of the Community United States 9792 Posts	Posted 02/08/2012 01:54 am The 1869 is a tougher coin in XF, the 1872 should be easy the price in EF isn't much less than an uncirculated one as it's the key to the business strikes. Good looking 2Â¢ coins are tougher to find than one might think, the premium ones will bring premium prices at auction. I've been eyeing a really nice 1864SM in MS66BN that I just can't seem pull the trigger on. What grade is your small motto? Look for the 1872 with a DDO they were business strikes stuck with the dies from the Proof Dies, not worth a premium but the look is generally better as the die was polished so nicely. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 Report this Post to the Staff
	Replies: 6 / Views: 1,166

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