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 Replies: 12 / Views: 1,565 |
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Valued Member
United States
257 Posts |
The NGC price guide says $11,400 for an MS66 1875-S Twenty Cent Piece that is NGC graded and slabbed. I realize that their price guide represents premium retail. How much do you think it should go for in real life, assuming the coin lives up to its grade? I have seen this coin offered for substantially less, without a taker, and have to wonder why. Thanks for your input. Edited by fmtaxguy
11/26/2008 10:09 pm
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Pillar of the Community
United States
671 Posts |
RedBook has MS-63 for this coin at only $1300, and MS-65 at $6000. NGC's prices seem a bit...high? I see this price is for an MS-66, never mind.
Edited by Sir Ferrari
11/26/2008 10:23 pm
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Pillar of the Community
United States
1840 Posts |
Taken from http://www.coinfacts.com/twenty_cen...ty_cents.htm: Quote:
Recent appearances:
NGC MS-66 (illustrated above). Offered at the October 2001 Long Beach Coin & Collectibles Exposition by Sanders Trading Company for $9,500.00
NGC MS-66. Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 548, illustrated, sold for $6,325.00 |
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Valued Member
 United States
257 Posts |
That's quite a range, snowman, and both sales occurred in 2001, a good 7 years ago. If you had the money, what would you pay for it now?
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Pillar of the Community
United States
6381 Posts |
In the last two years several MS-66 examples sold on Heritage. These were graded by NGC and PCGS. The cheapest one was about $5800; it was in an NGC slab. Several others went for between $6,000 and $7,000. The most costly was a nicely toned PCGS coin that went for $12,650. These prices include the 15% buyer's fee. So, it looks like you could probably get one for a minimum of about $6K if you are patient. Total NGC + PCGS population in MS-66 is about 100 coins, so they are somewhat available. Are you planning to pick one up anytime soon?  |
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Valued Member
United States
257 Posts |
I keep looking at one being offered for approx. $7500. That's the one that hasn't sold in the two months that I've been watching it. But costwise, it would be a choice of the coin.....or the wife....tough call.
So why the price shown in the NGC price guide? The price in the PCGS price guide is even higher, at about $14.2k! Do they purposely inflate these values for their own price guides?
Edited by fmtaxguy
11/27/2008 07:01 am
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Pillar of the Community
United States
1208 Posts |
Well, my price range is significantly less than what we are
discussing here, but the same 'rules' would seem to apply...
I won't buy a slabbed coin unless I can get it for far less
than the price guide lists it for. I believe the value guides
are there to pump up dealer pricing to folks who don't know
any better. Buyer beware...
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Valued Member
United States
257 Posts |
Are you speaking of your price range as a buyer or as a seller, ratio411?
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Pillar of the Community
United States
1208 Posts |
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Valued Member
United States
169 Posts |
I have a NN price guide that lists this coin at $4900 in MS65. It's not unusual for a coin to double in value as it steps up to MS66 from 65. That may or may not be the case with this coin. If it were to double, then the "book value" would be $9800. Add the 15% "they" say you can add to a slabbed coin yields $11,270. That's probably where NGC got their value.
It might also be reasonable to say that the coin would only step up 50% in value from an MS65 to a 66 yielding $7350. Add the 15% and you're up to $8452.50 which would be my asking price for this coin.
If I was under pressure to sell, I would have to consider $7500, but any less would be cheating yourself.
For some dumb reason, PCGS coins command higher prices than NGC coins.
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Moderator
 United States
23522 Posts |
Beware of "price guides" published by people who have a vested interest in higher coin prices, like the TPG's. The best "price guide" is the results of real-world sales of real coins. You and I decide the price of a coin based on what we're willing to pay for it. |
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Moderator
United States
16677 Posts |
 . Well stated Super! swcoin.ecrater.com
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Valued Member
United States
207 Posts |
I always wanted a 20 cent CC but I yet to buy one..lol [dreams]  I would go checkout the auction prices on hertiage, teletrade, and see what the dealer prices are for the 1875 S. Average those together and that would probably give you the best estimate as to its "real" sell price. |
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Replies: 12 / Views: 1,565 |
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Posted 11/26/2008 10:17 pm
