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 Replies: 16 / Views: 2,391 |
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Valued Member
United States
384 Posts |
Hello, My local coin dealer has two coins for sale, both of which are damaged examples of coins o could otherwise not afford. Could you tell me if the value is okay on them? I don't have pictures unfortunately. 1835 Capped Bust quarter in fine (details damaged)? Listed at $100 - the damage isn't disfiguring it's some slight damage on the face but not terrible. 1807 Draped Bust quarter fair (details bent) listed at $135 and the bend is apparent but not like 45 degrees. Whats the regular value of these coins and should I move forward? |
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Valued Member
United States
424 Posts |
Think of a scratched corvette vs a bent corvette. Which one would you rather own?
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Valued Member
United States
109 Posts |
I agree with Oldephriam. If it were me in that position, I'd rather have a properly straight coin that's scratched up than one that's bent too much.
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Pillar of the Community
 United States
3058 Posts |
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Pillar of the Community
United States
6370 Posts |
Both of those are overpriced. I'd wait for a better deal. I'd be at $50-65 on the 1835 and $75 on the 1807.
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Pillar of the Community
United States
968 Posts |
I'd take a scratch over a bent coin any day. But I agree that you should look around more. For instance, here is a PCGS graded Fair 02 1807 Draped Bust quarter that sold for $128 last month. Same condition but problem free for slightly under the price the store is asking. If you hunt for long enough and are a little flexible on dates you could probably find a better price, or for the same money even a slightly higher grade. http://www.ebay.com/itm/1807-Draped...047675.l2557Similarly, here is an ANACS EF40 details with (from what I can see) minor scratches for $97. So same money for a coin with a similar problem but in a significantly higher grade. http://www.ebay.com/itm/1835-BUST-Q...047675.l2557BTW, I spent a less than a minute on each search, and the search was year specific. You may find even better deals by spending more time looking through past ebay auctions and broadening out the years you search for. |
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Pillar of the Community
United States
7375 Posts |
Neither, agree both are overpriced. Don't buy someone elses problem. Get the best problem free one you can afford.
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Pillar of the Community
United States
1436 Posts |
 . Wait for the right coin at the right price to come along |
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Bedrock of the Community
United States
20753 Posts |
Quote:
. Wait for the right coin at the right price to come along I'll second that. |
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Pillar of the Community
United States
4337 Posts |
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Bedrock of the Community
United States
94367 Posts |
Pass on both. Don't buy a damaged coin, especially a relatively common one, to save a few bucks.
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Pillar of the Community
United States
6370 Posts |
I have an NGC VF-25 1834 quarter I got for $90. And there was a raw VF-30 1838 quarter I got for $60. Be patient. Good things come to those who wait.
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Valued Member
 United States
384 Posts |
Wow thanks! I will definitely stay away. Are there any years in those two series which are more affordable? Is the RedBook the best place to check? |
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Pillar of the Community
United States
968 Posts |
There is no one perfect place to check, but I'd recommend using RedBook and also downloading the PCGS priceguide app (and the photograde one while you are at it). Then start making use of ebay. You want to search past auctions to see what things sold for. The nice thing is the pictures are there too so you can see exactly what sold for what price and often why it did. Even if you don't want to use ebay to buy, the price information is really useful. If you don't know how to search past auctions let me know and I'll explain it. |
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Valued Member
United States
294 Posts |
Before you consider buying damaged coins, think about whether someone else would buy your coins when the time comes to sell them.
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Pillar of the Community
United States
1499 Posts |
I agree with the others. Pass on both. I'd rather save my money and buy something decent. The 1835 quarter is not that tough in the circulated grades. The Gray Sheet bid price is $130 in VF. You can expect to pay a bit more than that for a nice VF, but that's whole lot bettern than "Fine, damaged." BTW the Gray Sheet bid for a Fine is $95. Here is an AU example, which gives you an idea of how the design looks with all of the details.   |
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Replies: 16 / Views: 2,391 |
Posted 08/06/2016 10:18 am
