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 Replies: 8 / Views: 1,647 |
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New Member
United States
1 Posts |
I have read lots of discussions in the past regarding the topic of cleaned coins, but have yet to read opinions on very rare early date Carson City coins. Let's take for example an 1870-CC quarter (Genuine -Damage-VF Details), which is for sale on Collectors Corner for just under $13,000. There is also an 1870-CC quarter (PCGS F-15) for just over $24,000. According to PCGS auctions records,two have sold this year, six sold in 2019, two sold in 2018, and so-on. Lets start with the first example. Let's say I wanted to purchase that particular coin. How in the heck do know if that's a "fair" price? The same exact coin was sold on Heritage in 2017 for $9,000. Has the coin appreciated that much? A second comparison was a VF-20 that sold for $16,800 in January of 2019. Is the "correct" price what the "buyer is willing to spend?" Is there an easier way to come up with prices for coins that are for sale today, and the last similar one sold 4 years ago because it's very rare. Early CC dimes fall under this same category of pricing, cleaned, details, damaged, etc, and very seldom come to auction. I would like to purchase one of these early Carson City Coins, it's just hard to know "the right price." I don't have any issues buying a cleaned coin from CC for the simple fact I think it's a really cool piece of history. I just would like some differing opinions on how one would approach this so I don't make a bad decision. I know some will say...don't buy those coins, but I wan't to, just at a "fair" price. Thanks for any help,
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Moderator
 United States
56855 Posts |
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Pillar of the Community
Canada
5239 Posts |
 to the CCF! Others can add more I am sure, but with scarce coins there is no established market price. Thus prices can vary wildly/ widely depending on how badly the item is wanted by whoever is bidding on it. These items are often auctioned, thus making bidding wars possibly. |
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Pillar of the Community
United States
5029 Posts |
You mention the previous prices these coins sold for and the fact they do not come to market often. As oriole pointed out, auctions often have bidding wars that can cause the price to be well above value. What is fair? Fair is what the person who buys the coin thinks is a good price. Doesn't matter what anyone else thinks. So the better question you need to ask yourself is how bad do you want to have one of these coins in your collection and how much are you willing to spend? If people here say a "fair" price (not value) is $7,000 (made up number) are you really going to not attempt to get this coin that may not be available again for a year or more? You are not asking about coins that appear every week/month according the information you provided. So if you are willing to pay $13k (or can negotiate for a lower price) and want the coin then what difference does it make what we say is a fair price - answer is none at all. Just my opinion. Edited by scopru
10/22/2020 06:56 am
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Pillar of the Community
United States
3343 Posts |
This is the history you're buying. Virginia City. The Comstock Lode runs parallel to that street, about three blocks down the hill and 1000 feet underground. It was almost completely mined out by 1880.  I prefer these, which have a lot of wear from circulation....which is part of the history....  Looking back over the last 20 years, I view 2x gold melt as a fair price for common date worn cc eagles and half eagles. It's unlikely any of them would get more than a "details" grade. What's fair is what YOU'RE willing to pay. And one coin inevitably leads to another. Based on my interests I think the early cc seated silver is overpriced. All the same, this details 1870-cc dollar makes a good buckle...  "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
10/22/2020 07:28 am
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Bedrock of the Community
United States
94367 Posts |
Check past auction records, starting with Heritage. to the CCF! |
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Moderator
United States
188001 Posts |
to the Community! |
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Bedrock of the Community
United States
20753 Posts |
Prices of coins, cars, stamps, swords, etc. are simply what someone will pay for them. |
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Pillar of the Community
United States
1613 Posts |
This is the most recent details coin I bought. It was purchased through David Lawrence Auctions for $68.00, well under the average of $550 for a straight same grade example. This date took some time finding at a price I felt comfortable with. I researched the average market price weighing both the cause and condition of the details grade bidding accordingly with a maximum number in my head. That number, I believe at the time, was $400. Had the opening bid been any where close to my number I would have passed. So to the coin in question, and from my perspective, the price you listed seems about where I'd be if buying. Based largely on the "rarity" and the difference from a straight grade. Unless it possesses above average eye appeal I would pass if it nears 14.  ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo
10/24/2020 10:42 am
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Replies: 8 / Views: 1,647 |
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Posted 10/22/2020 12:34 am
