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 Replies: 29 / Views: 2,521 |
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Valued Member
United States
134 Posts |
My dealer wants to charge way above the 2016 Red Book prices on some good and very good large cents. Is that legitimate or is he charging too much? |
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Moderator
 United States
56855 Posts |
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Pillar of the Community
United States
6370 Posts |
Are you sure they aren't scarcer varieties? I had a 1797 large cent with the reverse of 1795 and a plain edge in G-04 details. G-04 in the RedBook probably says $50-100. I sold mine at auction for $750 (what I netted. The buyer paid just shy of $1000). There are two varieties that fit this description: S-120a and S-121a. There are several hundred known of the S-120a, but only about 30 known for the S-121a. See the difference? Edited by TypeCoin971793
08/29/2015 5:36 pm
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Valued Member
 United States
134 Posts |
John, I will concede that the Red Book values of large cents have jumped the last two years. The clerk at the store indicated the values continue to rise and that it takes the Red Book a couple of years to catch up. Type Coin, it hadn't occurred to me that I might be looking at rarer varieties. That is a possibility, but the clerk at the store simply argued that the prices on these coins is going up fast, and the Red Book can't keep up. |
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Moderator
United States
16677 Posts |
Are they higher grades?
swcoin.ecrater.com
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Pillar of the Community
United States
7375 Posts |
They might be rarer varieties, but other than that, the statement that the prices are going up faster than the Red Book can keep up with them, sounds like a line of bull.  There are some very reasonably priced Large Cents on ebay, in the G and VG condition you mention, WAY below Red Book prices. Just to add, even the raw rarer varieties on ebay are still below retail. |
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Valued Member
United States
134 Posts |
No, Vermontensium, I just want G-4's - no higher than VG-8's.
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Valued Member
United States
134 Posts |
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Pillar of the Community
United States
3843 Posts |
What years are they? If they are common dates in that condition I'd think they would be worth less than RedBook and if they had any sort of problems then the fair market value would be considerably less than "book". Maybe you should shop around a bit. Any other dealers in your area? Checking ebay sold listings should give you a fair idea of value. |
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Bedrock of the Community
United States
94367 Posts |
 Doesn't sound like my kind of dealer, especially on things apparently this common.  Edited by Coinfrog
08/29/2015 7:01 pm
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Moderator
United States
16677 Posts |
If I'm not at shows, I buy almost all my Large Cents on ebay. I deal with a few reputable sellers. swcoin.ecrater.com
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Valued Member
United States
134 Posts |
Joe, the dates are 1803, 1812, 1821, 1824, 1831, 1849, 1850, and 1851. Yes, there is another good coin shop here in the Reno area that I might visit.
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Valued Member
United States
134 Posts |
Thank you for your opinions, people.
Edited by centsdimes
08/29/2015 9:30 pm
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Pillar of the Community
United States
7375 Posts |
Those are all common dates, except for the 1812 which might set you back a bit, but not too bad.
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Pillar of the Community
United States
4897 Posts |
Unless they have a perfect planchet with blemish free surfaces I would not pay more 20% below Red Book for g4-vg for a Large Cent, That said, barring any varietal rarities the 1821 is the only Cent that may have any date premium. |
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Moderator
United States
16677 Posts |
I've been to 2 shops in Reno. One I remember was very fair.
Then there is Rusty Goes shop which I'd recommend highly.
swcoin.ecrater.com
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Replies: 29 / Views: 2,521 |
Posted 08/29/2015 5:34 pm
