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 Replies: 16 / Views: 3,032 |
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Pillar of the Community
Canada
5239 Posts |
I (or more precisely my LCS has) have a Nik-a-dated 1921S Buffalo. That is, the worn date was made sort of visible with that acid solution. The underlying grade is about VG. The date is barely visible.
Can dealers in the US sell these, and if so what do people actually pay for them?
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Pillar of the Community
United States
7273 Posts |
They are considered damage. I wouldn't buy them for more than dateless bison or about 35 cents each.
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Pillar of the Community
United States
7614 Posts |
The quality of the restoration job means a lot. I always thought treating the entire coin, not just the date area, yields better results. It might bring a couple of bucks on ebay but it will never bring anywhere near what a natural date, non-restored coin will bring. Regardless, the coin will always be a details coin. |
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Rest in Peace
United States
18456 Posts |
There's a dealer in California that has 21-S restored Buffaloes in VG : 3 feathers $80 > 2 feathers $205 > 2 1/2 feathers $95 .  |
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Pillar of the Community
United States
4680 Posts |
Sadly, it's worth whatever someone will pay. I have seen wayyyy to many of these sell on ebay for way more than they should, especially a fully treated one. It does bring out more of the details evenly, but looks horrible. I personally would never go out of my way to buy one, but if one was in a lot I wouldn't pay more than a dateless, as hfjacinto said. Edited by Ty2020b
06/28/2020 3:45 pm
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Pillar of the Community
United States
1613 Posts |
 Well put. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Pillar of the Community
 Canada
5239 Posts |
OK, so the answer is, not very much in the US, and in Canada probably even less.
Thanks.
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Pillar of the Community
United States
3630 Posts |
There is a small market for restored rare-variety Buffs. A restored date 1916 DDO or 1918-D/1917-D DDO will sell as a filler. I've seen a couple 1913-S Type 2 Buffs sell with restored dates, as well There isn't much of a market for the other restored date Buffs, because inexpensive AG/G Buffs with unrestored dates are readily available. An original VG-08 1921-S Buff right now runs <$70, and a natural date AG is $20-25. |
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Pillar of the Community
Canada
5239 Posts |
Well, if a natural date 1921S in AG is $20-25, then a restored date probably couldn't be more than 10-25% of that.
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Rest in Peace
United States
18456 Posts |
with you guys . I don't know why that one dealer is asking so much money for his restored Buffaloes .  |
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Bedrock of the Community
United States
20753 Posts |
As far as I'm concerned those are just damaged coins.
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Pillar of the Community
United States
2335 Posts |
Several years ago I was asked by an estate sale company I worked with to make an offer for a large coin collection. In the collection there were 2 nearly full Library Of Coins Buffalo nickel albums with mostly nik-a-dated coins. Almost every coin had the classic round dot over the dates. Many of them had what appeared to be green PVC slime. I looked through the albums, saw the condition, & put the albums in the pile of items I wasn't interested in. When I talked with the people running the estate sale I told them the coins were damaged & therefore not worth as much. When they asked how much they should sell them for I told them I didn't have any idea what the market was for coins in that shape. I wasn't comfortable making an offer or giving pricing guidance. They ended up pricing the 2 albums somewhere around $200 each. At the time I helped the estate sale company out on the days they had sales. For this sale they asked me to monitor the jewelry/coin table to keep items from disappearing. On the 1st day of the sale several collectors looked at the albums, saw the condition of the nickels, & put them back down. On the 2nd day a guy showed up that obviously didn't know anything about coins. He ended up buying a bunch of modern mint/proof sets that were priced at high retail...& the 2 albums of Buffalo nickels. I saw the same guy at another estate sale several weeks later. He told me he listed the nickels individually on ebay and made over $4000...... |
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Pillar of the Community
United States
4680 Posts |
Ahhh ebay, the perfect platform for the blind to lead the blind. |
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Pillar of the Community
United States
7273 Posts |
Quote:Ahhh ebay, the perfect platform for the blind to lead the blind. |
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Rest in Peace
United States
18456 Posts |
I'm assuming he had the major Buffalo errors in those books .  |
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Pillar of the Community
United States
3630 Posts |
The two restored date 1916 DDOs that I saw change hands sold for well over $1,000 each. A natural date AG is north of $2,200. The 1918-D/1917-D DDO is, of course, much less expensive, and the handful of restored date coins that I saw were in the $100 range. The 1913-S Type 2 restored date coins that I have seen were offered for sale, but I can't remember any changing hands. |
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Replies: 16 / Views: 3,032 |
Posted 06/28/2020 1:24 pm
