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 Replies: 9 / Views: 1,431 |
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Valued Member
United States
403 Posts |
Does anyone know what the bid right now is for an 1884cc ngc MS62
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Pillar of the Community
United States
592 Posts |
Edited by SaintRidley
06/18/2013 2:10 pm
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Valued Member
 United States
403 Posts |
is that the bid price that dealers pay to each other, that is the price I was looking for, what one dealer pays to another, a dealer said he would give me 80% of bid for my coins but did not give me a exact price for any of my morgans, I chose the 84cc to ask you about because it will be easy for me to then get an idea on the rest
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Bedrock of the Community
13014 Posts |
Wood its unlikely any of the dealers are going to publicly post information like that and risk their margins if their customers find it. Google grey sheet coin prices and you should find a page where you can order one to see. Other than that just check the ebay prices and subtrack anywhere from probably 20-40 percent and that's the range most probably work in. |
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Moderator
 United States
23522 Posts |
80% of bid isn't exactly a favorable price, considering "bid" builds in profit margin on its' own. The example Morgan is about a $180 coin at retail, and bid is generally ~20% back of that; you'd barely clear $100 for the coin.
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Pillar of the Community
United States
592 Posts |
Quote:
is that the bid price that dealers pay to each other, that is the price I was looking for, what one dealer pays to another, a dealer said he would give me 80% of bid for my coins but did not give me a exact price for any of my morgans, I chose the 84cc to ask you about because it will be easy for me to then get an idea on the rest This would have been good information to include in the original post, since it makes your question make sense. |
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Pillar of the Community
1028 Posts |
Tne buyer is simply asking for the bid price of a NGC MS62 1884CC Morgan. This wouldn't be a greysheet bid, this would a bluesheet bid. I don't have that page, in fact, I don't an updated bluesheet at all. I'm sure someone does. There have been some estimates thrown around in this thread, but the problem we're dealing with a certified bid in a brick and mortar environment. I would think a better estimate would be to enter your cert number into NGC's website to see what their estimate value is. Take about 80% of that for the dealer bid amount...I think. I don't know how UNC better date Morgans actually do in the marketplace, but I know Dave would. I can say that some coins, like many moderns, don't even sell for close to NGC/PCGS estimates, while others, like Seated dimes or 2 cent pieces for example, frequently blow them out of the water. Generally 80% of the dealer bid is actually pretty fair. Proper dealers will usually sell between ask and retail, so 80% of bid is a very appropriate margin with their overhead. Of course, there are some dealers in Palo Alto, CA who shall remain nameless who sell for well over retail and buy at 40% bid from unknowledgeable patrons, but that another story. |
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Moderator
United States
23522 Posts |
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I don't know how UNC better date Morgans actually do in the marketplace, but I know Dave would. I base every single estimate I offer of retail pricing for coins on data accurate to the day I post it, based on real-world sales. That means, yes, every time I estimate the value of your coin I've been looking for it at Heritage, ebay and others within the last few minutes.  1884-CC is definitely a better date, but it's common in 63-65 and not awfully tough in 66. So, the retail of a 62 is kind of suppressed as a result. Edit: Hesgut, your knowledge of Blue- and Greysheet far exceeds mine, so if your opinion of an appropriate offer based on these resources differs from mine, we'll favor your idea. |
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Valued Member
United States
258 Posts |
superdave.The true gentleman and grand poobah of CCF.
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Valued Member
United States
258 Posts |
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Replies: 9 / Views: 1,431 |
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Posted 06/18/2013 2:25 pm
