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 Replies: 17 / Views: 3,375 |
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Pillar of the Community
United States
1839 Posts |
Have you ever come across a coin that was so jaw dropping that people were willing to pay way, way beyond what typical guide pricing would be for the coin? I've seen coins sometimes go for 2, 3 or even more times guide price because of the sheer beauty of the coin. Here are a couple of examples that come to mind for me. Guide price at time of sale: $575 Realized price at auction: $1880 http://coins.ha.com/itm/reeded-edge.../1206-8257.sGuide price at time of sale: $1400 Realized price at auction: $3760 http://coins.ha.com/itm/proof-seate...1223-3686.s#What examples have you seen? |
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Pillar of the Community
United States
5202 Posts |
Is the higher prices realized strictly based on eye appeal or maybe high grade coins that really come up for sale and the price guides are out of date for certain coins.
I think when you add coins to your PCGS registry (at least the free one that I have) they have a spot for you to enter how much you paid for a coin and where and when you purchased it "for your records" but I bet they are also tracking prices paid to add to their "price guide"
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Pillar of the Community
United States
607 Posts |
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Pillar of the Community
United States
4085 Posts |
I think sometimes people also think the coin is undergraded and so bid according to the grade they think it is rather than what is indicated on the label.
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Pillar of the Community
United States
506 Posts |
This one in particular comes to mind: Guide price at time of sale: $1,475 Realized price at auction: $4,993.75 http://www.stacksbowers.com/BrowseA...Default.aspxI think it's usually some combination of eye appeal, sometimes CAC and/or NGC star premium, and a bidding war. |
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Bedrock of the Community
United States
12057 Posts |
Rainbow toned Morgans are notorious for this (i.e. the entire Sunnywood Simpson run)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
982 Posts |
Edited by captainrich
01/01/2016 11:29 am
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Valued Member
United States
62 Posts |
Eye appeal is huge. It's the most important factor for me, tbh, and I'd definitely pay more for a coin that's unique and appeals to me. Toned coins are the most obvious example of going for this. "Monster" toned Morgans can go for $10,000+, and they're worth it. This is one that's going for 100x the price guide value: http://www.ebay.com/itm/1885-O-PCGS...AOSwwE5WWhmP |
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Pillar of the Community
United States
7840 Posts |
That OP reeded edge Half Dollar is incredible! Those others are no slouch themselves.
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Pillar of the Community
United States
506 Posts |
Speaking of ebay, I think most of the time the BIN toned coins are way over-priced, with sellers either expecting too much, looking for offers, or not even trying to sell. Speaking of which, there is one example in particular that I think is interesting. This coin ( http://www.ebay.com/itm/1887-Rainbo...047675.l2557) was initially listed by this seller on Nov. 7th at $400. He gradually lowered it to $375 and it was sold. I had seen this exact coin at the 2015 ANA Chicago World's Fair of Money for $300. I didn't buy it because I thought it was too much of a premium and I didn't have too much money. I wanted to save just in case I saw something I really wanted (now I'm regretting that decision). I contacted the dealer after the show around the end of Nov. He said he had sold it about a month before, so I'm guessing the guy on ebay is the one who bought it. Now for the crazy part. A few days ago, I saw this listing http://www.ebay.com/itm/1887-Rainbo...AOSwHPlWcEq9. $1,250!!  They even took the pictures from the previous listing! I'm guessing this is the person who bought it from the previous guy on ebay for $375. If this coin sells at this price, I will be  , probably questioning the sanity of the buyer and my own decision of not buying it for $300 when I had the chance. |
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Pillar of the Community
Australia
7096 Posts |
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Pillar of the Community
681 Posts |
I paid >20x 'book value' for this one:  |
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Pillar of the Community
United States
4337 Posts |
buy the coin, not the holder. The examples in this thread epitomize this old collector saying. Forget guide prices, they are just that "Guides". You pay what you want for the coin, plain and simple. There is a seller on ebay, a well know coin dealer from the national circuit, who sells only premium eye-candy on BINs and at well above FMV and any reasonably known last auction pricing on the respective issues. I have bought some serious eye candy Liberty Dimes from him in the past and paid prices that I will never see in any resale of the coin and I did it with pleasure. I wanted those coins because there were no others like them in the grades (all MS) and they were coins that validated to me the grading companies are overly fickle when it comes to certain aspects of distinction between an MS63 and and MS66. |
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Valued Member
United States
398 Posts |
Human nature to want the best .....
Boy are those some very nice examples, beautiful coins!
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Pillar of the Community
681 Posts |
There is a seller on ebay, a well know coin dealer from the national circuit, who sells only premium eye-candy on BINs and at well above FMV and any reasonably known last auction pricing on the respective issues. I have bought some serious eye candy Liberty Dimes from him in the past and paid prices that I will never see in any resale of the coin and I did it with pleasure. I wanted those coins because there were no others like them in the grades (all MS) and they were coins that validated to me the grading companies are overly fickle when it comes to certain aspects of distinction between an MS63 and and MS66. I really like the coins Ira Stein puts out and the vast inventory from David Lawrence. To whom are you referring? |
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Valued Member
United States
62 Posts |
Yeah I'd like to know too. Go-Rebels, I think that coin was worth it. The thing with toned coins is it's not just the eye appeal, it's the rarity. A lot of coins apparently had the patina removed in the 60s and 70s because people didn't like it. According to this guy, there are only 200 true "Monster" toned Morgans. So yeah, they're worth the price. http://www.jhonecash.com/coins/tone...s.asp#rarity |
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Replies: 17 / Views: 3,375 |
Posted 12/26/2015 8:29 pm
