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 Replies: 15 / Views: 2,242 |
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Valued Member
474 Posts |
I understand value is subjective and in the eye of the beholder, but I can't seem to find any trending data on the market value of this coin. I need to have a realistic $ value before I can list the coin in our online store. Thank you for your thoughts!  
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Pillar of the Community
Canada
4944 Posts |
Toned coins are usually hard to price, have you checked Teletrade? They have probably sold a few of these, or ones very similar.
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Valued Member
 474 Posts |
Quote:
Canadian-Banknotes: have you checked Teletrade?
Yes, I have tried searching Teletrade back 5 years, Heritage, ebay and anywhere else I can think of.... I have 'Googled' the grade as well, but there are no certain values to be seen. Not even NGC has any information  |
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Pillar of the Community
United States
7840 Posts |
Toned coins are very subjective to those who appreciate them. I would expect FMV and if you get more it's a bonus. It's a nice Roosevelt though!  Edited by oih82w8
02/25/2012 8:08 pm
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Pillar of the Community
United States
4132 Posts |
From what I've seen, the star designation seems to draw prices about one grade higher, but it can vary a lot. So I would expect that coin to sell for roughly MS67FT prices. Maybe not quite that much because the gap between 66 and 67 is really big.
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Valued Member
474 Posts |
Quote:
oih82w8: I would expect FMF and if you get more it's a bonus
There in lies the debate, what would or could be considered FMV for this coin being graded MS66(*Star)FT 
NGC's pricing guide has the 1956-D MS66FT at $33.75 and MS67FT at $469.00. I agree, that is a pretty big jump between pricing levels.
NGC census data shows a minting of 108 million coins for the 1956-D series and does not show a single coin being graded MS66(*Star)FT  and only 2 have been graded MS67(*Star)FT.
NGC Registry points for MS66FT =275 and registry points for MS66(*Star)FT =664.
So, with this information, what do you feel would be a reasonable & fair price for this coin? |
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Pillar of the Community
United States
7840 Posts |
Big price jump between grades of 66 & 67. What "I" have been gauging prices in between grades is 25% of the difference between the two grades. Which would be $108.81 (469 - 33.75 = 435.25 X 25% = 108.81). My reasoning may be totally off, but that is the rationale that I use in between grades for approx value, like between XF40 and AU50 (XF45) when it comes to auction items. Sometimes I win, sometimes I don't. Ultimately it's up to the buyer on what they want to pay for it. If you are listing it for a set amount of money, price it for what you want for it and let the public decide if they want it for that price. You could always accept offers. I recently sold on ebay a NGC 1956 PR67 Star Cameo Washington, and it sold for about half of FMV. It's all about supply, demand and timing. Edited by oih82w8
02/25/2012 9:26 pm
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Valued Member
474 Posts |
Quote:
captainwiffo: the star designation seems to draw prices about one grade higher, but it can vary a lot. So I would expect that coin to sell for roughly MS67FT prices. Maybe not quite that much because the gap between 66 and 67 is really big. Just to be clear, I also have a 1956 MS67*Star Roosevelt dime. NGC pricing guide has a MS67 at $40 and a MS68 at $1,340. A huge jump! NGC census shows 30 at MS67*Star and only 1 at MS68*Star.
Following your process my 1956 MS67* would be reasonable priced like this: ($1,340 - $40 = $1,300) now $1,300 x .25 = $325 Did I follow you correctly?
According to TeleTrade, last time a coin with this grade came up for auction was October 3, 2010.Edited by FlipOfACoin
02/25/2012 8:29 pm
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Pillar of the Community
United States
4132 Posts |
Maybe my rule of thumb doesn't make much sense... The star does seem to add a pretty significant premium in auctions though.
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Bedrock of the Community
United States
14454 Posts |
read what I posted here about this coin https://goccf.com/t/111986As far as what its worth, since you got it on ebay and it was an auction (not a BIN) than that is pretty much about what the coin is worth in my opinion. A coin is worth what it would sell for on the open market and it seems on the open market that is about $100.47 |
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Valued Member
474 Posts |
Bryan, the other coin I mention here, the 1956 MS67* NGC is from the same seller, but it does check out with NGC?
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Pillar of the Community
United States
7840 Posts |
Edited by oih82w8
02/25/2012 9:51 pm
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Moderator
 United States
15466 Posts |
I read both this thread ... and the other ongoing thread that Brian linked us to ... wondering why both are going at the same time. Seems to me that E-Pray has a wide viewership ... so you have actually already established the value of this coin by your winning bid ... $100.47.  David Take a look at my other hobby ... http://www.jk-dk.art |
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Valued Member
474 Posts |
The reason this coin has come up in 2 different threads is because the 2 issues are distinctly different. The same question is not being asked about the same coin.
The above price may be what I paid for the coin, but that is not a definitive value. Why? Not everyone in the market for this coin was present at the time this coin was sold.
That means what I paid is nothing more than a 'blip' on some value trend for this grade of coin. That value trend is what we are searching for...
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Pillar of the Community
United States
7840 Posts |
Normally you could use the NGC Certification Number look-up for a value, but not in this case with this particular number. There is a email link at the bottom of the NGC Cert Look-up, I would drop them a line to ask "what's up with that?" Edited by oih82w8
02/25/2012 10:11 pm
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Valued Member
474 Posts |
Thanks "oih82w8" I appreciate it
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Replies: 15 / Views: 2,242 |
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Posted 02/25/2012 12:18 pm
