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 Replies: 10 / Views: 1,297 |
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Pillar of the Community
United States
1911 Posts |
Hi all I was wondering what the general opinion was about buying older coins at lower grades. For my own collection, I hold the belief that I should save up and get the best coin I can afford. But I was wondering about buying/selling if for example an AG/G common dated Seated Liberty half dollar was only worth the silver or does it hold any numismatic value at those low grades? *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
 United States
1911 Posts |
Sorry mods can you move this to the correct spot? I forgot I was in ancient coins should be in classic US. Thanks!
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Pillar of the Community
United States
5155 Posts |
Are you interested in ancient coins?Do wish to know how this applies to ancient or medieval coinage?
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Pillar of the Community
United States
5155 Posts |
If you were interested in Ancient I would say yes, there is great numismatic value at lower grades for many coins.
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Pillar of the Community
United States
1911 Posts |
Sorry I had it in the wrong forum so I am meaning classic US coins mostly. If they were as old as Grecian and Roman empires then I definitely see how those are worth something more. :) |
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Pillar of the Community
United States
7375 Posts |
Not really. The numismatic value of a common date SLH, for example, in low grade, will pretty much always be at the bottom. They are worth more than spot, but just not enough room to buy and sell for a profit unless you get them dirt cheap....my .02
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Pillar of the Community
United States
1911 Posts |
Ok that is what I was thinking. I bought an AG/G 1875 Seated Liberty half dollar for $13 and was thinking since PCGS price guide (I know, only suggestive values for those coins graded by PCGS) stated a G-04 was around $30. At the very least I think I could maybe get my money back but probably not much profit at all. |
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Moderator
 United States
23522 Posts |
The PCGS price guide is ridiculously out of whack even for PCGS slabs. I wish people wouldn't use it. PCGS has a vested interest in high coin prices. They're not going to be objective.
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Pillar of the Community
United States
1911 Posts |
SD, I figured it was overstated like the Red Book is I just wasn't sure by how much. I guess worst case scenario wait until silver possibly goes up again and sell it then. Lesson learned for the day! |
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Bedrock of the Community
United States
20753 Posts |
My outlook on coins is to start a collection with anything I can afford. Them if still interested, start upgrading.
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Pillar of the Community
United States
1536 Posts |
I noticed the guides are kind of high for common dated, low grade Seated coins. Depends on how much you get them for. I have seen them go for a variety of prices, anywhere from 2x to 3x times spot. Just depends on what it looks like I guess. |
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Replies: 10 / Views: 1,297 |
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Posted 03/27/2015 12:25 pm
