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 Replies: 42 / Views: 5,023 |
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Valued Member
Canada
270 Posts |
So I recently posted this coin in the grading section with little activity. Ive come to realize this is probably because the grade of a modern coin is irreleivant... I have a 1983, commemerative uncirculated 20 Mark coin, from the Deutsche democratic Republik. Its is a special edition coin of Martin Luther, commemerating him. The coin is inside what I believe to be its original mint case, which most likely came from the central german mint. It is my understanding that the coin was made by East Germany during conflict times, and bares the " DDR" name. it has amazing detail, everything is very sharp. The highest points are free of any wear, luster is still very good and the coin has NEVER been touched with bare hands...absolutely no cleaning, and coin is beginning to develop a toning ring around both sides, with minimal colour showing. I am going to sell the coin to a dealer within the next couple of days in hopes to re-invest in north American coinage. My question is what would you all value it at? I just would like to make sure there is a fair price as I do not want to overprice, or undersell it. What would you all see as a common ground on price for this coin? I have found mixed pricing between 300€ and 1,100€ and is very difficult to determine. Any ideas are greatly appreciated as time is of the essence!! Thanks!!   |
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Moderator
 United States
15472 Posts |
I have zero expertise on this coin ... wish you well in the endeavor to (apparently) flip this coin to a dealer.
Will add the following suggestion ...
Your photos are difficult to view ... hence difficult to evaluate - the 90 degree rotated obverse image should be corrected ... and both of the images are 'cropped' whereby the entire coin is not visible.
Hopeful that the CCF experts will be able to assist your efforts to value this example.
David
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Valued Member
United States
266 Posts |
This is all I could offer, good luck in getting that kind of price from it however. http://www.ngccoin.com/price-guide/...-duid-101621You might fare better if you could wait to sell it until you show it around to several different dealers, maybe at a large coin show/convention. Edited by Rdwarrior
12/29/2014 7:53 pm
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Pillar of the Community
3772 Posts |
Quote:
I am going to sell the coin to a dealer A dealer will only give you a percentage what he thinks he can sell it for and I wonder how many collectors of Germnan coinage he has on his books. Perhaps you should try to offer it for sale yourself with a reasonable reserve. |
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Valued Member
 Canada
270 Posts |
Its not so much a dealer but an asset broker...ill try to take better pictures but it is difficult as I do not have my good camera with me and using a cell-phone. Not bad given the tools I had haha...as far as prices if I were to sell it privately? I have no problem giving up a percentage to broker to save the hassle...
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Pillar of the Community
 United States
1949 Posts |
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Valued Member
Canada
270 Posts |
Not really bad news, in my opinion they undersold big time...happens lots on ebay. Most likely low or no reserve with not much bidding action..? I checked the NGC website link that RDWARRIOR sent...it says in XF40 its worth $625 MS63 $825 See how I'm getting mixed answers with no real price...im being told over $825 AND under $300 in the same thread! Haha... Regarding grade vs. Price... I think mine would honestly grade higher than MS63...it could be as high as 65-67...next post is better pics with better camera...20 mins tops. Please keep checking in guys! We'll get to the bottom of this... |
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Valued Member
Canada
270 Posts |
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Pillar of the Community
United States
1949 Posts |
With the toning it looks like a nice MS66, but I think it would be need to be graded to get ms66 money for if... I have also found NGC value guide a bit high for German...
Obviously, I think you could get a bit higher if you sold the coin at retail yourself, but I will stick by my original estimate in the $400-500 range, I cannot see a dealer paying more than that even slabbed at a 66.
By the way, the seller of the one which went for $200 and change is a dealer who specialize in German coins.
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Valued Member
Canada
270 Posts |
Im not doubting the seller was a professional its just that it could have been a low or no reserve price and just didnt get much action possibly..
anyway, the discussed price was actually $500, I didnt mention it as I didnt want to persuade any suggestions. He felt it was realistic and I would be happy...the point of me selling to a dealer is to save the hassle of slabbing(keep in mind I'm in Canada and its crazy expensive for us!!), advertising and selling at retail, I would be willing to take a deduction on value. You saying $400-$500 is pretty much where I was, but I just feel if it clearly is a high MS, then it should be sold around the highest tier...
I am left wondering if $600 is a more appropriate price...leaving around 30% meat on the bone...IF retail value $850...$850 being priced by NGC at a minimum of 2 grades lower...
Its a Dilemma with a capital D!
I just want to make sure the deal is fair, some of you may know I started a huge debate on ethics in numismatics.. "how to get world coins free"...and wouldnt want to completely contradict myself.
also, I had a so-called professional tell me it was worth silver melt value in person!! at a shop.! I still get a kick out of that one.... Melt!!?! Hahaha!!
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Valued Member
Canada
270 Posts |
I just checked the one that ngc is selling BIN for $800..., personally I think that if the toning doesn't deterr the eye appeal, (which I dont think it does)..then mine should grade nearly MS68. I am only saying that because my ledgends look much sharper, and the overall luster on theirs is ugly in my opinion. Although I know its extremely hard to get a good eye-appeal judgement on a coin through a picture...impossible even...
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Valued Member
Canada
270 Posts |
Also a question that has never even been touched.....WHY is this coin so valuable? And I'm not looking for "its rare!"....I have no clue why this coin carrys such value when similar coins, of the same year and denomination, in comm. or proof, sell for much much less.... anyone?
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Valued Member
Canada
270 Posts |
I just dont think I can bring myself to price it less than NGC's price on an XF40...XF40 would literally insult this coin...and not even a bit less!, we're talking about $150 less than a cataloged XF40 single coin..doesn't seem fair on my end...
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Pillar of the Community
United States
1215 Posts |
The question of value boils down to liquidity, or how big the market is. Because there are so many kinds of world coins, any one world coin is essentially not liquid, unless it's amazingly famous, like THE Maria Theresa Thaler.
A law of economics is that the price spread (difference between wholesale and retail value) is inversely related to the liquidity. Thus, this coin while it may have a high retail value, its wholesale value is not very high. Plus, it's not too well known. If the dealer does not specialise in world coins, he/she may pay far from what you are looking for.
Edited by 0xDA71D
12/29/2014 11:33 pm
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Pillar of the Community
United States
1949 Posts |
as far as why the value, it's simply supply and demand... Slabbed it may well sell for $850 as an ms68- IF there is a buyer. remember, anyone can set any kind of price, unless it actually sells for such price, that's just an arbitrary number. Someone telling you it's worth melt doesn't shock me, people pull that kind of stuff all the time. As a raw coin for a cash deal, I tend to think the $500 is the upper limit you will be able to net without either grading or waiting months or years for another buyer to come along.
Obviously, just my opinion...
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Valued Member
Canada
270 Posts |
Great responses...they are appreciated and noted.
keep in mind the buyer is very interested. The discussion came about as I called said broker on hopes of finding a person that I could use as a grading-submission outlet as I am not a PCGS member, nor are there any 3rd partys out here(were hurtin' as collectors)....he said that he was not able to submit the coin for me and that I would have to wait until the new year for further information on it. I Then received a call not 15 minutes later with him inquiring to purcahse. There is definate expressed intrest for a 3rd party, overseas sale(going to Germany)....and I know he will sell for absolute max. Just keep in mind.
Edited by UncleLuc
12/30/2014 12:00 am
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Replies: 42 / Views: 5,023 |
Posted 12/29/2014 7:51 pm
