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UK Dealer's Buying Prices For Classic US Coins In 1967

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NumisRob's Avatar
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 Posted 01/12/2017  06:45 am Show Profile   Check NumisRob's eBay Listings Bookmark this topic Add NumisRob to your friends list Get a Link to this Message Number of Subscribers
From "Coin Monthly" magazine, May 1967 - these were the prices a British dealer was offering for certain classic US coins!

UK-Dealer's-Buying-Prices-For-Classic-US-Coins-In-1967
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thecoinguy1964's Avatar
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 Posted 01/12/2017  07:24 am  Show Profile   Bookmark this reply Add thecoinguy1964 to your friends list Get a Link to this Reply
Too bad the prices aren't in US dollars, this is all foreign to me.
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NumisRob's Avatar
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 Posted 01/12/2017  07:59 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
At the time, one pound sterling was worth $2.80. So, for instance, the dealer would have paid $56 for a Fine 1796 dollar!
Edited by NumisRob
01/12/2017 08:01 am
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Andrew99's Avatar
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 Posted 01/12/2017  08:37 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I think "Fine" back then was better than it is today. Still, I'd like to buy a 1794 dollar for $1,500 in any condition.
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scopru's Avatar
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 Posted 01/12/2017  08:49 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
on the 1794 dollar.

Great post Rob.
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Numisma's Avatar
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 Posted 01/12/2017  3:23 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
It's interesting to see how much prices change in just half a century. If only I was born 50 years earlier...
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CollegeBarbers's Avatar
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 Posted 01/12/2017  4:09 pm  Show Profile   Bookmark this reply Add CollegeBarbers to your friends list Get a Link to this Reply
, this is very interesting, especially just to see what coins/dates they value more. I don't know much about early coppers, but I feel like today someone would be willing to pay much more for a 1793 Chain or even Wreath Cent in Fine than a 1804 Cent. Thanks for sharing NumisRob!
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Coinfrog's Avatar
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 Posted 01/12/2017  4:47 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Indeed, thanks very much.
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paralyse's Avatar
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 Posted 01/12/2017  8:11 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Note that the cents of 1798, 1799, and 1800-1803 are not listed, nor 1807. This is expected with 1798 and 1800-1803 being common dates, but 1799 is a key scarcity and its absence from the list is puzzling.

If we assume they are referring to one of the more common varieties of 1793 Wreath cent (S-8 or S-9) a nice, problem-free Fine example today will set you back $4k-$6k in a PCGS or NGC holder these days and is relatively available. By comparison the 1802 H10C offered to buy at £1000 in Fine (I'll assume base Fine and not gF, nVF, etc.) would now cost you in US $80-$100k+ if you could actually find someone willing to sell one of the few remaining examples; at the current exchange rate, that would be £65k+...
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 Posted 01/12/2017  9:45 pm  Show Profile   Bookmark this reply Add 1909svdb to your friends list Get a Link to this Reply
Very cool! I inherited a copy of the 1969 bluebook from my uncle. I love flipping through the pages and looking at the prices. Here are some highlights...

1793 Chain Cent America Fr-$75, F-$375
1856 Flying Eagle cent G-$375
1877 Indian Head cent G-$45
1909S V.D.B. Cent G-$70
1802 Half Dime Fr-$350
1916D Mercury dime G-$55
1916 Standing Liberty Qt G-$125
1794 Flowing Hair Dollar Fr-$425
1804 Draped Bust Dollar Pf-$20,000

Pretty interesting to see how the coin market has evolved over the last half decade! If there is any particular date you want me to look up let me know
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billjones's Avatar
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 Posted 01/13/2017  1:57 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply

Quote:
It's interesting to see how much prices change in just half a century. If only I was born 50 years earlier...


Unless you went back to that time with sizable bank account or investment portfolio that could be turned in to cash, you might be left chasing your tail. Incomes were a lot lower back then. My parents that that $10,000 a year was good income. Guys who were making $100 a week were getting "a living wage."

Yes, the prices for some coins have gone up faster than inflation, but a lot of them haven't.
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