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 Replies: 24 / Views: 2,975 |
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Pillar of the Community
Canada
1177 Posts |
A local seller is selling a NGC graded 1926 MS-63 BN penny The only similar one I can find on ebay is ICCS MS-63 lusturous brown for 700$ (a bit high) I believe Charlton has it listed but only as "RED" not "BROWN". I am interested but I need a value of what it's even worth (approximately) Also what's a good price to grab it as. He had it for sale for 175$ but asked me to make an offer! Edit: more descriptive :) Edited by jakedacc
12/26/2012 10:24 pm
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Pillar of the Community
Canada
2495 Posts |
Careful with NGC graded Canadian coins.
If the price seem a bargain, there's probably a valid reason why.
Remember, nobody sells a $10 bill for $5
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Pillar of the Community
 Canada
1177 Posts |
"Hi Jake, yeah, I'm looking for cash. Used to spend some serious time and money working on a Cdn penny collection but had a major medical issue and ended up on a disability pension. Not looking to expand the collection unfortunately. Happy to work with you...$125 is absolute bottom line. OK?"
Older fellow (in his 60s)
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Pillar of the Community
Canada
2495 Posts |
It's difficult to tell without pictures.
I certainly don't want to talk you out of it.
Go with your gut feeling.
On the positive side, I don't think for $125 you're going to get hurt that bad even if the coin is overgraded.
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Valued Member
Canada
263 Posts |
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Pillar of the Community
Canada
1984 Posts |
Heritage sold a PCGS MS64RB for $282 in Sept and an ICCS MS62B for $74 in Jan (not the prettiest). A PCGS 63 brown went for $207 in 2010.
I would say $75 to $150 is the right range. I wouldn't rush to pay $150 though.
Edited by Smallcentguy
12/27/2012 12:22 pm
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Pillar of the Community
Canada
1177 Posts |
He is in surgery until Jaunary 10th so anytime after, he said I can buy it, his lowest is 125$ (which is definitely not a bad price even if it is over graded by TWO) but I might crack and send to ICCS, opinions on this?
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Pillar of the Community
Canada
1177 Posts |
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Pillar of the Community
Canada
1177 Posts |
just asked him for a high quality photo of the obverse and reverse as I am not able to see the coin til the second week of January.
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Pillar of the Community
Canada
2366 Posts |
At $125 you're getting it for less than 40% of an MS60. http://www.coinsandcanada.com/coins...nt-1920-1936 Odds are pretty good it's at least an MS60 but you'll be able to confirm that once you see the coin. Any signs of circulation wear and the value drops dramatically. |
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Pillar of the Community
Canada
2366 Posts |
p.s. I don't worry too much about Brown vs Red myself but I know the majority do so I use a rule of thumb of knocking about 25% off but I vary that between 10% and 50% depending on availability.
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Pillar of the Community
1844 Posts |
Jake here is an enhanced photo of that coin..Looks like some vertigris on it and no better than AU  |
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Pillar of the Community
Canada
1354 Posts |
The picture did look to have some type of corrosion on it.
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Valued Member
Canada
263 Posts |
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Valued Member
Canada
190 Posts |
I agree with others... from pictures this coin appears that it would be MS-60 at best... Be careful about using the coinscanada.com as a reference for values... There are often mistakes in the listings on that site... Their listed values for 1926 uncirculated penny are way out... they start out at $340 for MS-60 which is total mistake... Canadian Coin News "Trends" lists value in MS-60 at $100 bucks... If you want this date and are patient about watching on ebay you'll probably be able to buy an MS-60 in an ICCS slip for $65... take care, cameron93 |
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Pillar of the Community
Canada
695 Posts |
Quote:
Be careful about using the coinscanada.com as a reference for values...
There are often mistakes in the listings on that site...
Their listed values for 1926 uncirculated penny are way out... they start out at $340 for MS-60 which is total mistake...
Canadian Coin News "Trends" lists value in MS-60 at $100 bucks...
I agree with cameron93. Trends for ms60 are $100, ms62 $200, and ms63 $700. the coinsandcanada website only update their prices about once every year. So be careful. |
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Replies: 24 / Views: 2,975 |
Posted 12/26/2012 10:34 pm
