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 Replies: 14 / Views: 1,646 |
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Pillar of the Community
Germany
1849 Posts |
These two Wreath Cents sold recently in ebay, for $1670 (top coin, brown background) and $2000 (bottom coin, white background) respectively. I am very possibly out of touch with regard to coin values, in this case early cents, but these do seem rather high to me, considering the condition. I tried to attribute them in case the variety is specially scarce, but that is not the case - they are both Sheldon 8's which is a low rarity 3. What do you think?   |
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Pillar of the Community
United States
1655 Posts |
Wow. I finally broke down and bought one a couple years ago. A bit better than the top coin with a very clear date, I felt kind of sick paying $1,000 for a corroded coin but if this is indicative of prices, I am glad I got it when I did.
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Moderator
 United States
56855 Posts |
People will pay what they are willing to pay,simple as that. When checking ebay sold values you need to come up with an average overall value. John1  |
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Rest in Peace
United States
18456 Posts |
My God ! I don't care what rarity they are , I would not pay those insane prices for those sick looking coins .  |
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Pillar of the Community
United States
756 Posts |
wreaths have really popped up recently. that said...i think the buyers could have purchased better coins for less money elsewhere. or significantly better coins for the same money.
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Pillar of the Community
United States
2365 Posts |
Quote:
My God ! I don't care what rarity they are , I would not pay those insane prices for those sick looking coins. I certainly would if it were a late century or early century, like 1804 Draped Bust Silver Dollar! Maybe not that bad but, very close to it. There are a lot of rare coins, in poor shape, with that kind of price. I'm just one of those that never says "never". That's just me. To each their own and I totally get it! Edited by dsking
01/22/2023 1:23 pm
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Pillar of the Community
United States
2280 Posts |
I've seen people come into our hobby and pay ridiculous prices for things which skews the market.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Valued Member
China
141 Posts |
Though they are rare coins.I love them at lower price. For example,I bought an 1861 IHC and the seller gave me an 1859 and an 1863 IHC under poor condition.#65288;I think I'm going to post them after receiving the mail#65289;. Though I get interested in Indian Head penny these days and 1859 is of course a different type,I don't think I will pay a lot for it if under that condition  . @NumismaticsFTW You just said the reason why I quit Chinese silver coins. What you said reminds me of the wild price speculation by Chinese coin merchants which leads to unreasonable large fluctuations in prices.  That's why I don't recommend buying Chinese silver coins. The price of the PCGS price guide is also determined by this group of speculators. Too many of us buy old coins without thinking why the coin is so expensive. We pay no attention to the quantity and quality of the coin. We only know that this is an antique and should be valuable. But I believe that with the continuous improvement of education, everyone will have more of their own thinking, and the price of these Chinese silver coins will not continue to rise unhealthily.  |
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Pillar of the Community
United States
9792 Posts |
I was just thinking the same thing the other day as I was looking at a few similar graded 1793 wreath cents and the price asked was $3K and just over that on the other one, how could they jump in value so fast? I know there are not a lot of them but did that many new collectors come into play in the early American copper market all of a sudden? Doubtful.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
416 Posts |
I feel your pain, but if you are a type set collector and thus "need" one, all you can do is battle against the market, and that's where we are. It's even worse for Chain cents. Look around and try to find a better deal .. I don't see any.
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Pillar of the Community
 Germany
1849 Posts |
Here is another, sold ebay $1725. There are a couple more besides the others I previously posted. A trend is definitely there for 1793 Wreath Cents, and for Chain Cents as well, as you have mentioned. I cannot judge whether this applies to all series, all dates. However, it is there for early dated large cents.  |
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Pillar of the Community
United States
2365 Posts |
Now, that's one that I would definitely pass on!
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Pillar of the Community
United States
3342 Posts |
I like to buy rare problem coins but not overpriced.
I prefer my ground-find damaged 1858-S half eagle which sold for slightly over melt. It is a rarer coin than the 1793 by a factor of 10. And I will not find another one for less than four figures.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
01/23/2023 12:57 pm
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Pillar of the Community
United States
756 Posts |
those people are overpaying. here are a couple that recently sold at more reasonable prices. this one sold on ebay for ~$740 in december   this one sold on ebay for ~$2,400 about a week ago  |
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Pillar of the Community
United States
4415 Posts |
That "top pic" piece looks very much like one I flipped to a dealer at a summer FUN show for $750; this, being just over ten years ago. Last year, I purchased an 1860 Indian cent for just over a grand. It's corroded and appears to have been someone's ground find. The reason I paid so much is that this well-worn coin bears a counterstamp that I'd been seeking for over twenty years. Collectors see a piece, and they buy it .... Lesson: One man's trash can be another's treasure. One coin-buying phenomenon that I've repeatedly observed for over my six decades of collecting is that the deeper a man's pockets, the more he's likely to pay for coins he wants. Ego drives many such sales, methinks. Edited by ExoGuy
01/23/2023 5:29 pm
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Replies: 14 / Views: 1,646 |
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Posted 01/22/2023 07:15 am
