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Pillar of the Community
United States
1283 Posts |
I am in search of an 1885 3CN in high grade (AU - very low MS). There's two areas I need some help with. One, is some suggestions for finding one. This is a TOUGH coin with only 1000 minted. Two: Fair market value. I've been looking at realized prices at auctions and they're higher than even the PCGS price list. But at the same time in all publications the price seems extremely low for such an extraordinarily low mintage. In this link is some history from Heritage. Even that is confusing http://coins.ha.com/common/auction/...?PCGSNo=3753Monday, October 30, 2006, Grade: 50 $1,265.00 (OK, seems reasonable) Monday, November 7, 2005, Grade: 20 $1,035.00 (Huh?) I really want this coin and I'm willing to invest the money. But for a coin in this price catagory I REALLY want to make sure I do it right, and I'm a relative novice. Any advise will be appreciated. |
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Pillar of the Community
United States
2254 Posts |
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Pillar of the Community
United States
2269 Posts |
You could even try Davidlawrence.com or Northeastcoin.com. I would definately shop around. Although Heritage is the place you would most likely find an 1885.
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Pillar of the Community
 United States
1283 Posts |
I saw that, but he didn't put whether it's a proof or a business strike, it's raw, and the seller only has 98.5% Positive feedback.
I decided to wait on that one.
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Moderator
 United States
23522 Posts |
The ANACS VF-20 coin was a Net grade, XF Details but for the obverse scratch. The reverse of that coin was at least the equal, possibly superior to, the AU50 you linked. In addition, with 9 bidders, it was likely a bidding war.
I counsel patience. This one will be a difficult and expensive addition, and snatching at the wrong coin just because it's available will lead to real buyer's remorse down the road.
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Pillar of the Community
United States
6383 Posts |
Hello Trooper, I remember reading that dull or circulated proofs of late-date 3-cent nickels are often passed as the more expensive business strikes. This ebay auction specimen looks like a proof and, being uncertified, could be cleaned or otherwise mishandled. It should sell for a correspondingly lower price than a certified proof. If you really want the business strike you should definitely insist on a certified coin in a top TPG holder (PCGS, NGC, ANACS, or maybe ICG). Since these are so scarce, I'm not surprised that a VF coin sells for not much less than an AU. With the relatively small price difference, I would certainly hold out for a nice AU for around the $1265 price you saw. Even a Mint State coin might be had for not too much more, if you can find one. Good luck in your search. If you're successful, please post some photos! |
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Valued Member
United States
50 Posts |
I sold my one and only 1885 in St. Louis a couple of months ago. It was a NICE EF-45 coin (not slabbed), and I got $1000 for it - and that was to a DEALER! If you truly want this coin, you WILL have to fork over more than Trends (Coin Values) for it. It is a genuinely rare coin (especially compared to, say, a 1909-SVDB or 1916-D Merc). The prices you quote are actually a little soft. If you can get one for $1000, JUMP ON IT.
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Replies: 6 / Views: 1,110 |
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Posted 03/18/2007 10:50 am
