Coin Dealer Appraisal Questions

A good coin dealer will give you a value on your coin. He then will tell you what he is able to pay you for it. Remember, they run a business reselling coins for a profit. He will also give you a grade based on , hopefully , his years of experience examining coins. He won't slab the coin for you and his grading will be his and only his estimate.

If you want a numismatically recognized grade, you need to have the coin submitted to one of the major grading services.

The only real way would be to know the series and grade it yourself. That said for the coin in question with you assuming it looks nice its probably close and I wouldnt worry about it since theres not a huge price spike and were talking about a few dollars.

Its more of a concern around grades with large jumps. For example say a coin was 50 in MS63 but 150 as a MS64. The good dealers will try and give you an honest assessment though for grading their own stock.

To me at least its a little bit of an alarm if a dealer doesn't have grades or prices listed anywhere near the coin. If its listed you can check it and go home and research it if you want and decide. But they just pull numbers from their heads their the ones that seem most likely to price and grade it judging by how much they think you know