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 Replies: 24 / Views: 3,973 |
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Pillar of the Community
Canada
586 Posts |
I recently bought these to coins and I think I got a screaming good deal. My goal is to re-sale for a small profit. My research prior to budding told me these coins are worth $700 to $800 each. I got the 1953 5 cent NSF NL VF-20 for $271.40 and the 1885 10 cent EF-40 for $324.50 They are both marked cleaned or scratches. Does that hurt the value that much. Let me know if its a hit or miss, in your opinion.   *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
Canada
3733 Posts |
yes definitely meat left on those bones..now it is just trying to find the right buyer.
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Pillar of the Community
United States
7375 Posts |
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Pillar of the Community
7234 Posts |
Alot of collectors won't touch a damaged coin - like edweather stated, you will have a harder time selling them for profit as compared to straight graded coins. are your prices that you got them for including buyers fee & shipping?
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Pillar of the Community
 Canada
586 Posts |
Yes the prices are with buyers fees and shipping, also in Canadian dollars. Are the heritage prices in USD.
Also, I'm not sure how grading works with damages. Is the coin a higher grade, but received a lower EF grade because of the marks.
Thanks for the info guys, really appreciate the feed back.
Edited by TheBurnz
08/31/2017 10:37 am
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Pillar of the Community
United States
7375 Posts |
Yes, US dollars, so that helps a little. And those prices included the Buyers Premium. So you might make a little money, but the $700 you mentioned might be a bit over zealous imho.
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Pillar of the Community
Canada
586 Posts |
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Pillar of the Community
Canada
1505 Posts |
Your 1885 will likely depend if it is obv 4 or 5, in normal circulated they are probably worth $400 and $750 respectively, depending on level of cleaning and mark, you are likely going to get around 2/3rd those prices. If you have an OBV 5 and can find a buyer, you may be able to squeeze out a small gain after various fees.
For the 1953,there is probably some money left, but it is a damaged variety, these coins already have a smaller market, which shrinks even further if they are damaged/cleaned.
As others have said, problem coins can be difficult to sell, I have learned this the hard way, but good luck to you.
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Pillar of the Community
Canada
5324 Posts |
Never buy damage or cleaned coins even a 21 5 cents will be hard to move unless you discount, buy the best grade you can afford
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Moderator
 Canada
10456 Posts |
You paid market value for those coins, expect to receive about the same (or slightly less) with their resale...
I _always_ heavily discounted damaged or cleaned coins, just to make them disappear from my showcase...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
586 Posts |
Awesome information. Thanks for the help and words of wisdom.
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Valued Member
United States
338 Posts |
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Pillar of the Community
United States
2408 Posts |
As a US buyer, one major ding for me is ICCS... ICCS isn't recognized as a valid grading company on eBay/US. I'd pass.
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Pillar of the Community
Canada
586 Posts |
Good to know canada coins.. Thanks
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Pillar of the Community
 Canada
1770 Posts |
canadian_coins- why is this the case with ICCS? I thought they were the standard up here.  Can some one clear this up? Or is it just politics? "We are poor little lambs...who have lost our way...Baa...Baa...Baa"
In memory of those members who left us too soon...
In memory of Tootallious March 31, 1964 - April 15, 2020
In memory of crazyb0 July 27 2020. RIP.
In memory of T-BOP Oct. 12, 1949 - Jan. 19, 2024
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Pillar of the Community
Canada
1461 Posts |
Whether you like it or not (and many of us are in the NOT category for numerous reasons), ICCS is still the grading standard for Canadian coins. Personally I would have no objections if either PCGS or NGC setup in Canada and make their grading price competitive. And BTW although ICCS is not recognized on ebay.com, it is recognized on ebay.ca (as is CCCS). I agree with SPP. The above coins are market value prices. I would say even high for the 53. It's an overpriced coin to begin with at those grades. Edited by TheCoinHunter
09/02/2017 11:11 am
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Replies: 24 / Views: 3,973 |
Posted 08/31/2017 09:46 am
