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 Replies: 16 / Views: 3,068 |
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Bedrock of the Community
United States
11951 Posts |
Today I was offered a 1925 Lexington NGC MS 64. Not toned
I already have one in my Dansco, but I hate to see a good deal go by.
I am curious what some of the experts think would be their,
" I have to buy it price"
If I bought it, it would be to sell at some future date ... Of maybe be
able to trade it for another commemorative.
Or just let it go ... Because I really don't need it.
Any opinions.
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Pillar of the Community
United States
509 Posts |
That's on my buy list, but MS-64 is too rich for my budget. Or so I thought until I looked up ebay sales.. NGC ms64 just went for $97.79 on 12/1/2015.. I suppose a don't need it, but don't want to pass on it would be $80ish.. If that is accurate price. |
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Valued Member
United States
283 Posts |
I'd buy at $75 if I was gonna flip it. Probably a little more if the eye appeal is there.
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Rest in Peace
United States
10625 Posts |
Quote:
Because I really don't need it.
When has that ever stopped you (or I for that matter)  |
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Pillar of the Community
1153 Posts |
Depends on what you consider a good deal. You could always buy it and make a few bucks to resell. The cheapest MS I see on ebay atm is 125 for MS-61. |
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Rest in Peace
United States
4078 Posts |
GR58, we know you have been here for a number of years. No pictures.  |
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Bedrock of the Community
 United States
11951 Posts |
Quote:
When has that ever stopped you (or I for that matter) I know Dave I hear whispers from the locals .. like at the restaurant's. Whispering .. pointing fingers .. he paid a $1000 for a penny "There is something wrong with him"  Same for coins like this .. I am offered a good deal and it is soooooo hard to say no.. There are one or two other coins I am looking at .. but I think this one is the best deal |
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Bedrock of the Community
United States
11951 Posts |
Of course I don't have pictures ... I have not bought it yet
Will decide by Friday.
Best guess is I will buy it .... Unless something more cool comes in.
So far what I am seeing .. I might be in the good buy price range
I think greysheet is $125 or maybe it was $110.
I looked at a lot of coins today ...lsometimes the prices blend
Numismedia $144
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Rest in Peace
United States
17900 Posts |
There are gazillions of these in MS 64. Buyers in that grade can be picky. For resale it would need to be about $65 considering costs of sales average 15-20%.
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Moderator
 United States
15395 Posts |
My opinion ... FWIW ... NGC certified MS64 Lexington-Concord half dollars are common coins in todays marketplace ... and as such will be common coins 20 years from now.
Unless the price is so low that you intend to flip the coin for a quick sale ... then any purchase at near full retail price is one you should make because you enjoy the coin and forget the price.
David
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Pillar of the Community
United States
4085 Posts |
I would say just gut feel not seeing the coin that I would buy it at $75 or less, in the maybe zone up to about $100 and no thanks above that. If it's less than $75, buy it for me and you can pocket the difference!
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Bedrock of the Community
United States
11951 Posts |
We have not worked out a final price, but it won't be as low as $75.
Pretty sure it will be less than a $100, or I will say no thanks.
I would say the coin has nice eye appeal
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CCF Master Historian of USA Commemoratives
United States
12257 Posts |
With a dealer-to-dealer "bid" price of $110 (per the Greysheet), a price of ~20% back of bid would be reasonable (i.e., ~$85-$90).
This assumes you are buying it from a dealer that likely paid no more than 30% back of bid (i.e., ~$75 or less). Everyone in the food chain needs to "eat" so unless the coin was purchased at a very sizeable discount by the current owner (i.e., 50% or more), expecting a 40% discount on the coin might be too much. I know that if I was the current owner of the coin, I would want to make at least $10-$15 on its sale.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
United States
11951 Posts |
Wednesdays are the day I visit other coin shops, but
I hope I can get back there this afternoon.
commems I think you are right where I was thinking,
with the numbers.
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Pillar of the Community
United States
4085 Posts |
Sounds like you are right in the zone I was thinking - i.e., less than $75 is a no brainer - under $100 and there is probably some value there - no brainer again if you needed it for your collection but you have to think of the economics of a resale. Interesting thread! This is an important aspect of collecting that doesn't often get discussed.
Edited by KenKat
02/11/2016 08:22 am
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Bedrock of the Community
United States
11951 Posts |
KenKat
I should have mentioned you also were in the same range.
Your also right about being able to talk about pricing
coins.
I know prices can be different dependent on where you live.
And how many different sources you have to purchase coins.
When you have several different coin shops in one area,
they sometimes have to keep the prices low to get the
continued business. But not so low where they might be
able to sell online and make more profit.
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Replies: 16 / Views: 3,068 |
Posted 02/10/2016 5:11 pm
