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 Replies: 18 / Views: 2,208 |
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Valued Member
United States
337 Posts |
Edit: Attaching picture  A friend has a pretty nice one but he's asking $110 for it (not slabbed). How do I know what a good price is for coins? I remember someone saying something about dealer price sheets. Any advice is appreciated. Edited by FinanceGuru
09/01/2013 09:40 am
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Pillar of the Community
United States
1053 Posts |
What has helped me is a RedBook. They list retail prices for coins in all grades. |
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Pillar of the Community
United States
3156 Posts |
for 110 bucks raw it had better be at least xf grade. You can look at pics of graded coins on pcgs photograde to compare condition of your friends coin to those on site. Numismedia has an ok price guide online as does pcgs. Those prices are full retail and on the high side of that even. The 1857 and 1858 coins are listed at 138 for xf. Jerry
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Valued Member
 United States
337 Posts |
PCGS Photograde---that's what I remember! Thanks for the quick responses.
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Bedrock of the Community
United States
11951 Posts |
Buying Flying Eagle cents you should really have a good idea What the grade is, because of the price jumps between grades. VF around $60, XF over $100 and AU over $200. When I buy coins from non dealers, I try to figure out what a dealer would pay and what retail is. Then depending on how much I like the coin and how much I like the person I am dealing with, I try to decide what I am willing to pay. I feel a lot of dealers will offer about $65 for a nice problem free XF flying eagle. Numismedia has $138 for a XF (retail). I always want to be closer to what the dealer will pay, or near greysheet. I don't have a greysheet right here with me, but I think it is around $100 for XF. Again based on what the grade of the coin is... that your looking at. If it was XF and has no problems .. then between $60 and $100 would be a good deal. Edit I did not see you posted a picture, until after I posted. The picture is pretty small, but from what I can tell it does not look XF. Edited by GR58
08/31/2013 11:12 pm
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Moderator
 United States
16679 Posts |
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Pillar of the Community
United States
1511 Posts |
 as well with all GR58 said, sound advise. RedBook prices are all over the place, sometimes high, sometimes low and once and a great while spot on. One can never really tell. By the time they write, edit, publish, print and finally sell that years RedBook many of the prices have changed, as with the melt values. RedBook is a great resourse, for rare dates, some varieties/errors, history, mintages etc. but for prices.. Not so much. In some instances there way off on price... Overpricing coins by a couple hundred dollars of more... I'd use numismedia.com (which is still a bit high IMHO) instead or check completed ebay listings for an estimate of what people are actually paying today as the prices of coins change quite often. |
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Pillar of the Community
United States
2757 Posts |
and by the way, the pic of the coin you posted is too small for anyone to provide input on the grade.
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Pillar of the Community
United States
8516 Posts |
See if you can get a better pic.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
337 Posts |
Better picture added to the original post. Take a look.
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Pillar of the Community
United States
8516 Posts |
That's a nice eagle but 110 is way too much. Offer him half that.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
113 Posts |
Any reverse pic? Based on the obverse pic, that's a F-15 at best and $110 is way too high. About half that would be reasonable, if he doesn't budge then just move on.
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Bedrock of the Community
United States
11951 Posts |
Seeing the new picture, I think $50 - $60 would be more of a retail price, for this coin.
I would feel better getting this coin in the $35 to $45 range.
For $110 you should be able to find higher grade coin.
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Valued Member
United States
122 Posts |
ebay sold listings feature is a great tool I use to see what is a good price to spend/sell for. here is the link - http://www.ebay.com/sch/ebayadvsearch/ type in "1858 Flying Eagle cent" and also what grade you think it might be, like fine, very fine, extra fine, etc, then scroll down and click "sold listings" then scroll all the way down and click "search." It's great for seeing what people actually pay as opposed to price guides!
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Pillar of the Community
United States
3843 Posts |
With friends like these who needs enemies?
$35 to $45 sounds fair to both sides.
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Pillar of the Community
United States
2757 Posts |
Dirt on the obverse legend. The eagle's eye took a hit and is missing (a blind eagle?). And the first T in states is defective. Worth $40 for a not very desirable flying eagle in Fine. Move on.
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Replies: 18 / Views: 2,208 |
Posted 08/31/2013 6:43 pm
