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 Replies: 19 / Views: 3,426 |
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Valued Member
United States
344 Posts |
I've been eyeing this 1872 Seated Liberty dollar for some time. I'm a little nervous about pulling the trigger as it is a raw coin and I am still new to the raw coin arena. Seller wants $240 and grades it at G-4. I tend to agree with the grade and the price seems reasonable. Any pitfalls? Can anyone see a reason why I shouldn't purchase this coin? It this a great, ok, fair, or run-away-as-fast-as-you-can deal?   |
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Pillar of the Community
United States
6384 Posts |
Looks OK and basically problem-free despite the heavy wear. The grade seems appropriate but the price is maybe a tad high. if I were looking for a type coin I'd shop at a higher price point to get a coin with more detail. Still, these are not easy to find and if it satisfies you may want to pull that trigger. I'd insist on a guarantee of authenticity and then probably send it to ANACS just to be sure.
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Bedrock of the Community
United States
17884 Posts |
I'd say real but I agree then the price seems on the high side. These coins do not normally increase a lot as the grade rises until you reach the high grades. I would think for for little more money you could probably get one in Fine or better.
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Valued Member
United States
207 Posts |
Price seems too high. Offer him $180
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Valued Member
United States
77 Posts |
I don't think it is high at all, and if it's what you are looking for, pull the pin. Perhaps I'd ask if they could do 220. I'd also grade it as a G+ at least, if not a G6. G4 you don't even need complete rim on reverse. It also looks to me to be very original, no rim dings. But you can do a higher grade with out much more money, so you might want to consider that. A VG should run something like 30 more, and an F somewhere around 30 more again. If you are already looking at 220, is 250 or 270 possible with a little patience? If not, I understand all too well, and this is a good example of a Good condition. 270 can probably get you an F in a holder as an example. I'd also grade it as a G+ at least, if not a G6. G4 you don't even need complete rim on reverse. It also looks to me to be very original. Seated dollars grade slightly differently than the remaining Seated Liberty denominations. PS - I am not a professional, just voicing my opinions. |
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Pillar of the Community
United States
759 Posts |
If you like this one in hand, I don't think an offer of $210-$225 is unreasonable, but the seller could hold firm since I think someday he'd get $240. So your call. If you pass, do so with the knowledge that it is incredibly hard to find pleasing examples of this coin, especially if your budget is $300 or less. I think it took me close to a year to find one. I like it though. Handling a circulated Seated Liberty dollar comes in second only to feeling the weight of a St. Gaudens double eagle in hand (for me). Anyway, I'd say at $240 it's just a bit on the high side of the "fair" deal spectrum and a nice, honest circulated example with motto legible. |
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Bedrock of the Community
United States
36741 Posts |
Looks like a decent coin with no problems. As the others have said, I would haggle a bit on the price.
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Pillar of the Community
United States
3755 Posts |
Considering it lists at 270 according to Coin World values online, I would say 240 is not unreasonable at all. If you offered me under 200 I would likely laugh at you and not even consider dealing after that. Offering 220 as others have said is not a bad thing, but don't necessarily expect him to go less than 230. I wouldn't. |
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Valued Member
United States
207 Posts |
Just an FYI, check ebay completed listings. You can do better for that price. If, however, you have shopped a while and this coin fits your needs, then by all means, go for it  Btw, don't ever be afraid to offer less than the seller is asking, it is all how you go about it IMO. If you are respectful and the Seller gets bent, apologize and move on. Edited by Ron_CA
12/31/2012 7:05 pm
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Moderator
 United States
16679 Posts |
G4 is accurate. Offer him $220. If he counters at $225, I'd go for it. It's a nice problem free coin.
swcoin.ecrater.com
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Pillar of the Community
United States
3755 Posts |
There is a difference between making a reasonable offer and insulting someone. When the offer is 180 on 270 value, that works into insult territory IMO/E. Especially when the asking price is ALREADY below value.
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Bedrock of the Community
United States
10982 Posts |
Looks okay for a G4 but about $40 overpriced. $190 or so is wholesale for this date/grade certified as a problem-free Good by a leading TPG. PCGS' Price Guide lists it at $245. I see it as a $200 coin and wouldn't pay more than that for it. |
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Valued Member
United States
207 Posts |
Smokeriderdon....If you think that is insulting  You should see some of the offers on houses I buy. You can always pay full price but you will never know what you could have bought something for, if you don't ask.  |
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Valued Member
 United States
344 Posts |
Thank you everyone for your opinions.
I have a feeling I could get the dealer to drop the price around $10, but not much more. Since the next higher grade is not that much more expensive, I am leaning towards saving up for a higher grade. But there is something about this one which I like - I just can't put my finger on it.
Either way, it is comforting to know that this is a problem free coin and the dealer has honestly evaluated and fairly priced it. If I don't end up purchasing this coin from him, I may purchase others in the future.
Thanks again everyone.
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Valued Member
United States
77 Posts |
This is not meant as a challenge or insult. But to those of you who think the price is off the mark, I would ask out of curiosity, how much do you feel a dealer should be willing to buy it from you? I happened to have an August 2012 greysheet on my desk, so I checked... 220 is grey on the piece in G. Again, it is a genuine question. I'm just wondering, as if you feel a dealer should sell it for 180, or whatever, I suppose you would feel he should pay 120, or so? I just ask this, as perhaps out of my own ignorance I would feel insulted having a no problem original Seated dollar, in a nice G4 at least, and being offered approx. half grey. |
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Valued Member
United States
207 Posts |
Tgauchsin that coin in hand, may just have the look that will sometimes motivate our buying it. Case in point, last weekend, I bought 2 1853 liberty Seated half dimes. I only needed 1 for my Dansco. Week before that I bought an 1827 Capped Bust Half that I didn't need at all. But, it was a beauty in hand, with even wear and color that just made me love it. Got a fair price, so I bought it. You never know what does or doesn't motivate a seller. If this one has had that coin in inventory for a while, he might be more motivated to sell than if he just bought it. He may have bought it at a good price and may give you one too or, he may have felt he paid too much and thus has to hold his line very tight. Tell him that you have 2 $ that you are looking at, but are going to buy just 1. What is the best he could do on his 1872? What ever he tells you, ask if he would take $5-$10 off that. If He says $230 tell him you really like it, but would feel more comfortable at $220. just see what he says. If he has already given you indications of where he needs to be and you didn't buy. Who knows, it never hurts to ask. |
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Replies: 19 / Views: 3,426 |
Posted 12/30/2012 10:26 pm
