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Replies: 11 / Views: 1,631 |
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New Member
United States
16 Posts |
DOes anybody know the value of one in VG10 (NGC slabbed, if that makes any difference)? It also has pretty good eye appeal. My greysheet from April says 125(VG8)-175 (F12), so is it about 150? Asking because other price guides seem to be very different.
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Bedrock of the Community
United States
17884 Posts |
First question is, is it really a small wide date? No pictures so can't tell, and I would trust a TPG attribution without confirmation. Second the small wide date is an R-1 coin, VERY common and in lower grades such as VG and Fine easy to locate Personally I think those prices are way overinflated. I think they would be more reasonable if you dropped the 1 off the front of them.
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Pillar of the Community
United States
5825 Posts |
1. Price Guides are just that, guides. The values they show depend on what sources they use to arrive at a figure. And they are mostly (totally?) retail figures, i.e., what you and I would be paying.
2. Averaging the values of two figures to reach a value for an in-between is not correct. The figures represent a curved, not a linear, price increase. You will always end up with a figure that is too high.
The best values for coins come from auction results. THAT is what people are paying. THAT is a coin's value. And make sure that when you look at auction results the value you see includes the buyer's fee. And add a bit more for S&H.
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Moderator
 United States
56855 Posts |
Check ebay sold values for an idea on value. John1 
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Bedrock of the Community
United States
94367 Posts |
How about a pic?  to the CCF!
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New Member
 United States
16 Posts |
Firstly, I am sure that it is a Small Wide date, which wasn't really my question. And where did you get that rarity estimate? PCGS says it is an R-5.4 so I'm confused  And thank you for the help kanga and john, I looked at ebay already but they didn't have many sold so I am finding auctions now.
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New Member
 United States
16 Posts |
Also, I do not own the coin, I found it on ebay and it seemed like a great cherrypick, so I wanted to see what people thought on here. Photos:   The most relevant auction record I found is an F-15 sold on Heritage on June 4th for $168.
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Bedrock of the Community
United States
17884 Posts |
PCGS uses their own rarity scale which pretty much no one else uses. Most of the world uses the Sheldon rarity scale which is what I quoted. PCGS's R5.4 is listed as an estimated 750 to 800 pieces. The Sheldon R-1 would be over 1250 estimated to exist. I think I would trust the estimates of the copper community over PCGS, especially when Historical trends seem to show that they have a tendency to be conservative and under estimate survivals. Also PCGS tries to split hairs too finely. Once you get past a Sheldon R-5 31 - 75 known there start to be too many coins in existence to pretend to be precise about existing numbers.
And you are right it is the small date.
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New Member
 United States
16 Posts |
Ah ok thanks, so the Sheldon has their own survival estimates too? Where can I find them?
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Bedrock of the Community
United States
17884 Posts |
Sheldon Rarity Scale R1 Over 2000 estimated: Very Common, readily available R2 601-2000 estimated: Common, not too difficult to find R3 201-600 estimated: Less Common, available at most shows, but in limited quantity R4 76-200 estimated: Scarce, somewhat difficult to find, only a few likely at larger shows R5 31-75 estimated: Very Scarce, may or may not find at larger shows or auctions R6 13-30 estimated: Rare, unlikely to be more than 5 for sale anywhere in a year R7 4-12 estimated: Very Rare, almost never seen, only one may be offered for sale in a year R8 2-3 estimated: Prohibitively Rare, one may be offered for sale once every 5 to 10 years R9 1 estimated: Unique, or nearly so
At the common end of the scale there are couple different number break downs used, Other sources use 600 to 1250 (or 1500) for R-2 and either over 1250 (or 1500) for R-1. This scale has been in use since at least 1949 and is the most commonly used one. Collectors of tokens may use a 1 to 10 scale, and then there is the open ended "Universal Rarity Scale" that goes from 1 to infinity on a progressive scale, but which is really useless once it gets past 11 because beyond that it is really impossible to keep up the pretence that you have any idea of the surviving specimen count.
Universal Rarity Scale Rarity Number of known coins URS 0 None known URS 1 1 URS 2 2 URS 3 3 or 4 URS 4 5 to 8 URS 5 9 to 16 URS 6 17 to 32 URS 7 33 to 64 URS 8 65 to 125 URS 9 126 to 250 URS 10 251 to 500 URS 11 501 to 1,000 URS 12 1,001 to 2,000 URS 13 2,001 to 4,000 URS 14 4,001 to 8,000 URS 15 8,001 to 16,000 URS 16 16,001 to 32,000 URS 17 32,001 to 65,000 URS 18 65,001 to 125,000 URS 19 125,001 to 250,000 URS 20 250,001 to 500,000
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Pillar of the Community
United States
3402 Posts |
On the reverse there a a couple of rim buses at 1:00 & 6:00... also the reverse has uneven wear, erasing the bottom of the "O"ne and the c"E"nt. I'd pass for that price.
KK
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New Member
 United States
16 Posts |
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Replies: 11 / Views: 1,631 |
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