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 Replies: 17 / Views: 3,578 |
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Pillar of the Community
Canada
1081 Posts |
*** Moved by Staff to a more appropriate forum. ***
I have identified a Canadian 20 cent piece that is right in my wheel house - it's the coin that I want above all others and it is in exceptionally good condition - I would think MS-63 or possibly even better than that. At this grade these coins are pretty rare. But it's also pretty expensive - over $1,400. The guides and trend lines suggest that these coins should be $1,000 max however I have honestly never seen one in this condition.
So the question is: do you think that the price estimates break down once you get into rare coins in stratospherically good condition? I mean, I can't find a single example in any of the past auctions I've searched that are as good as this one.
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Bedrock of the Community
13014 Posts |
Guides are just that nothing more than a guide. The best coins have always sold over guide and when you get into the things like rare and very high grade you can throw the guide out the window.
Look at it this way, would you rather pay and get what sounds like a dream coin for you or stick to the guide price and maybe never see one that again?
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Bedrock of the Community
United States
36533 Posts |
So true baseball. That said, I would also make a counter offer and see if you could save a little on your dream coin, you have nothing to loose.
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Bedrock of the Community
Canada
24885 Posts |
 To the Forum. |
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Pillar of the Community
 United States
7933 Posts |
Quote:
That said, I would also make a counter offer and see if you could save a little on your dream coin  And ... it looks beautiful, if it's the one I think you're talking about. Highest prior sale I could find is this one at about US$550: https://www.coinarchives.com/a5befa...age00774.jpgAnd yes, I think when you get a coin/grade combination that comes up for auction less often than once a year, you can throw any price guide out the window, and, if you're an experienced collector, go with your gut. Edited by tdziemia
03/23/2019 4:09 pm
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Bedrock of the Community
Canada
21584 Posts |
There was a MS62 Twenty Cent on ebay that sold for $1475.00 but that would have been certified. I don't think $1400.00 is a lot overvalued, especially if it is a coin you really want. Maybe you could negotiate with the seller. |
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Pillar of the Community
United States
1888 Posts |
Yes; My advice would be to follow the suggestions already given and go for it if it's 'the one' you really want and you trust your research. Barring apocalyptic scenarios, money will always be money: replaceable with diligence and hard work. There is no sadder feeling in collectibles hobbies than looking back years later on 'the one that got away', has yet to show up again, and may never in your lifetime. |
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Bedrock of the Community
Australia
21786 Posts |
At $1,400, the investment potential has to be considered.
I have bought coins for more than $1,400, but at THAT level of financial commitment, I my conscience has always forced me to consider:
'Is this coin good value for money?'
I guess that type of reasoning has made me some sort of cherry picker.
Always make sure that all of your credit card debts have been paid off first.
Numismatic investor? Me? No, -I have a lifetime interest in numismatics, that extends over 50 years. I have never sold any coins for a profit.
Interesting.
My kids will clean up through my will - I have left instructions on how to sell my coins to their best financial advantage, after I kick the bucket.
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Bedrock of the Community
United States
20753 Posts |
I well know what your going through. I too have been looking for one certain coin for years now. I've seen some but the prices are always way to much. Yet as time goes by, less and less of them are becoming available. So then what? If you don't get that one, possibly you never will find one again. Or worse yet, in a day or two, one will pop up for a lot less. The only thing to do is take a chance. |
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Pillar of the Community
Canada
9862 Posts |
Never pay a premium price for a raw coin unless you have seen it in hand or you absolutely trust the dealer. Highly unusual for such a high grade problem free example not be slabbed. Is it the one on ebay that's actually AU and polished and listed for about $1400. "Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
03/24/2019 2:14 pm
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Pillar of the Community
 Canada
1081 Posts |
Thanks very much everyone - very helpful!
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Pillar of the Community
Canada
1767 Posts |
If you really want it, that's the decider. Get it and enjoy it. I have done it and not regretted it. Good luck.
"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
1618 Posts |
Quote:Is it the one on ebay that's actually AU and polished and listed for about $1400. I agree... |
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Pillar of the Community
Canada
999 Posts |
The trends price for a 1858 Canada 20 cent is min $2,800 in MS-63. If you honestly think it is at least that grade than $1,400 would be very reasonable. Or am I missing something?
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Pillar of the Community
Canada
2781 Posts |
Quote:
it's the coin that I want above all others if you can afford it then you've answered your own question |
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Pillar of the Community
United States
717 Posts |
I've never regretted buying a really nice coin (or stamp) for what appeared to be over catalog, but I have regretted going cheap, or passing up a collectible I really wanted (and could afford).
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Replies: 17 / Views: 3,578 |
Posted 03/23/2019 1:44 pm
