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 Replies: 9 / Views: 1,066 |
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Valued Member
United States
245 Posts |
I dont know what to look for to know if the price is right. I wanted to reach out to be confident in that. Edited by youngmaster
08/18/2020 1:39 pm
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Rest in Peace
United States
18456 Posts |
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Moderator
 United States
56855 Posts |
Also check ebay sold values. On high end coins check auction sites sold prices. John1  |
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Pillar of the Community
United States
6612 Posts |
What kind of "Penny" are you talking about?
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Pillar of the Community
United States
663 Posts |
 there are about a dozen of them, including Flying Eagle cents, Indian Heads, Wheat cents, Memorial Cents, and Shield Cents Edited by Nieuw
08/18/2020 7:52 pm
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Valued Member
 United States
245 Posts |
Thank you, forgive me the wheat cents all the way to current... I had thought of ebay though sometimes I think they arent accurate or inconsistent which brings me to belive theres truth to a coin is worth what a person is willing to pay for it... Please help me with this one cuz I know theres some differences in opinion but is there a bottom line I mean auctions make a difference in a coins worth aswell am I right? I am searching for that to have something concrete to go by. If you tell me how you price them at it would still be helpfull. Keep in mind I that I have an open mind about anything that u may respond with. Thanks! |
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Pillar of the Community
United States
7293 Posts |
Sadly the vast majority of cents (we don't have pennies in the US), are only worth 1 cent. As to value, a cent is worth what someone will pay. There are a few that over a long time have developed a certain value like the 1909 S, 1909 S VDB, 1914 D, 1931S, 1955 DDO. These are regularly traded in the market and you can use the Red Book or Grey Sheet (dealer pricing) to get an idea. Errors on the other hand have values from a $1 to $100, that depends on collectibility, rarity and finding a buyer. The best bet for common coins is the grey sheet. That gives you the current market value. All other use ebay sold (but those could be all over the place, I've picked up coins for a few dollars that people had at $$$ ) , the sold values are better indicators. Edited by hfjacinto
08/19/2020 08:25 am
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Rest in Peace
United States
18456 Posts |
If you want to buy or bid on e-Bay find a seller that lists '' Or Make Offer ''. If you like his coin and you feel the price is too high , just make an offer that you would be willing to pay , just don't give a ridiculous low price . They frown upon that .  |
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Valued Member
United States
245 Posts |
So refer to the sources for pricing. And the minimum is suggested for a starting point. Though the buyers make the difference if its going to go over that price suggested. Is that right?
And also, when a price suggested from sources are stating what it should sell for do you go lower? If so how much lower is fair. If I could get an example that would be great. Thanks!
Edited by youngmaster
08/20/2020 05:45 am
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Pillar of the Community
United States
7293 Posts |
You as the buyer have to know what you feel is a fair price. As an example, I wanted a 1914 D, I was looking for VF quality. From looking at various sources (eBay, Red Book, NGC price guide) I knew the price was $185 to $235. My local coin shop had a slabbed 1914 D for $225, which was in my price range but since I'm a good customer, I asked the LCS what the best price was, he offered it to me for $185, so I jumped on it. I pay cash which means there are no fees to him, so he get less of a profit but he got cash and a quick sale. You can try the same on ebay but I doubt you'll get such a low price, the issue with ebay is that the fees are pretty high. For example on that 1914-D on ebay the fees would total about $25/$35 plus the cost of shipping. So he would have netted about $190. Again this is just one example. I've paid asking for things that I wanted but having a relationship with a coin shop can get you better prices than buying on ebay.   |
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Replies: 9 / Views: 1,066 |
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Posted 08/18/2020 1:42 pm
