Determining "buy" Price For An Individual Coin From A Purchased Collection

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Author	Replies: 5 / Views: 1,387
jwm74 Valued Member United States 68 Posts	Posted 02/10/2017 5:51 pm I am creating a database of my coins and ran into a problem. Some coins have been removed from a proof/mint set and some were purchased as a group for a single price. How do you value an individual coin when it is separated from its group (i.e., an Ike dollar from a proof set)? Report this Post to the Staff

jbuck Moderator United States 187582 Posts	Posted 02/10/2017 5:54 pm I assign them a proportional value based on face value. It may not be accurate to the proportions when looking at them individually on a price list, but remember that the sets typically cost you less than the individual coins would have anyway. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Debrajc Pillar of the Community United States 4211 Posts	Posted 02/10/2017 6:36 pm jwm! jbuck hit the nail on the head with his answer. Just average it out with the right proportionate values and you can get it close. Report this Post to the Staff
jwm74 Valued Member United States 68 Posts	Posted 02/10/2017 7:57 pm So the half dollar would be assigned a price 50x the value of the cent, regardless of their relative "market" values? The total valuation would be based on 91 (for a 5 coin proof set for instance) and the half dollar would be 50/91th of the value of the set. Makes sense from a mathematical standpoint. Am I understanding the approach correctly? Edited by jwm74 02/10/2017 7:58 pm Report this Post to the Staff
still lookin Pillar of the Community 967 Posts	Posted 02/10/2017 8:50 pm That would probably be the simplest way. I would look up the values for each coin on a price guide at say proof 65. Add up all the values and then prorate upon that percentage. It my be extra work that would not add up to a hill of beans difference. That would depend upon the year of proof set and coins involved. Still Lookin Report this Post to the Staff
jbuck Moderator United States 187582 Posts	Posted 02/12/2017 12:30 am Quote: Am I understanding the approach correctly? Yes. Remember, you are just recording your purchase price so you can compare to market prices down the road. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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Determining "Buy" Price For An Individual Coin From A Purchased Collection