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 Replies: 16 / Views: 1,956 |
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Pillar of the Community
 United States
3058 Posts |
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Pillar of the Community
United States
6370 Posts |
AU details. I have no idea as for value.
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Bedrock of the Community
United States
18687 Posts |
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Bedrock of the Community
United States
12057 Posts |
AU details, extensive environmental damage. If you deduct a conservative 70% for the issues it's around a $60 coin to the right buyer.
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
2589 Posts |
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Pillar of the Community
United States
5828 Posts |
AU Details, $40 in current condition.
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New Member
United States
46 Posts |
Love the details. Obverse is in rough shape, with some pretty bizarre looking damage. I really wonder how that happened. Not a bad type coin though, could work well in a 7070.
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Pillar of the Community
United States
6370 Posts |
Remind me to never try to sell you guys details coins because you all lowball like crazy. Is there a contest to see who would pay the lowest price for a details coin? What you would pay for it at this given time is not necessarily what someone else would pay for it. In my experience, this kind of damage makes a coin worth 50-60% of its value, so $75-120 is not unreasonable, but expect the lower end of this range. I just sold an 1851 Half Cent for about 50% of its value that had similar damage, just to satisfy you naysayers. |
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Pillar of the Community
United States
4989 Posts |
Not a bad coin. Looks like it has been dipped and there is a bit of obverse pitting but the AU detail is nice. 50-60% off market price seems reasonable given the damage. Not sure what these are trading at but PCGS price guide has $265 for an 1858 in AU so I would say $125 or so.
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Pillar of the Community
United States
709 Posts |
The PCGS price guide is for PCGS graded coins, which this is not. Also, past sales indicate PCGS AU50's selling for around $200 and NGC AU50's selling for around $170. That puts the 50% range at $85 to $100. But can you guarantee that? Of course not.
Nobody knows how much other people are willing to pay at a given time. There are always people that might bid on cleaned/damaged coins up to retail value, but that is far from guaranteed. All we can really say is what each of us are willing to pay, or a very general safe floor - details coins are the most unpredictable. I would agree that $75 is at least a safe floor for what to expect. I myself am just simply not interested in a details coin like this so my price would be a lot lower.
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Bedrock of the Community
United States
36839 Posts |
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Rest in Peace
United States
17900 Posts |
As to the coin, I agree with nearly everyone's assessment of AU with evil details.
I believe the longer you collect, the more you shy away from really serious damage. When you are hunting your first Flying Eagle to fill your 7070 this coin is a winner because it has lots of design elements strongly presented and can be had for roughly half of what one would sell for without that damage.
But if you've had a half dozen Flying Eagles over the years, it's less likely that something with this kind of damage will attract you.
I have a slogan taped to the top of my screen, which is:
IF IT AIN'T PURTY, DON'T BUY IT AT ANY PRICE
And I really do mean it. When I look at my collection I want to love every coin. I don't want to look at one and say ickkiy poo poo, must get rid of it.
By the same standards it really depends on what the individual loves, or not. I am perfectly happy accepting a once dipped and retoned bust half, while someone else hates any cleaning on any coin with a passion.
As has been stated, the price at the end of the debate is all that matters.
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Bedrock of the Community
United States
12057 Posts |
- It's worth what someone pays for it/what it sells for.
- It grades what someone will pay for it. Grades don't sell coins, prices do. If you say it's an XF45 and I say it's a VF20 and we both say $100, it's a deal, regardless of the "grade."
- If you don't like a coin, it will always be too expensive. (Repulsive!)
- If you're in love with a coin, be careful, because it will almost always appear to be a great deal, even when it's not. (Impulsive!)
Coin buyers, a few types:
1. Some people don't know what damaged/details coins are, or what a grade is, and pay whatever the dealer asks for the shiny round thing.
2. Some people are okay with damaged/details coins and pay by technical grade.
3. Some people are still okay with damaged/details coins but pay less depending on how bad the damage is.
4. Some people will only buy a damaged/details coin if it is so rare as to be prohibitively expensive or difficult to locate in any nicer grade.
5. Some people will not buy a coin with any problems at any price at all, no matter how cheap.
I'm in between a low #3 to a #5 depending on the coin. To me, that Eagle cent isn't worth $1. Buyers #1, #2, and #3 above will pay retail or some percentage thereof. A hardcore #5 wouldn't take it for free because they only want absolutely perfect coins in a given grade.
It's not a matter of "lowballing" people; it's a matter of what type of collector they are. A seller who doesn't mind details coins/doesn't care about damage or who straight grades on technical details would think a $60 offer is lowballing, but there's enough #1 and #2 buyers out there that someone will buy it anyway and be thrilled with it.
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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Bedrock of the Community
United States
94367 Posts |
AU-55 details. I fully agree with paralyse and mox, and find damaged coins most unappealing at any price. I would rather have one common top-drawer coin in any series than a dozen damaged scarce ones in the same series.
As to the value of a damaged coin, I think everyone here is just expressing their subjective opinion, no big deal.
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Pillar of the Community
United States
1691 Posts |
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Bedrock of the Community
Canada
11922 Posts |
I would think AU-58 Details.
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Replies: 16 / Views: 1,956 |
Posted 02/18/2016 9:01 pm
