| Author |
Replies: 11 / Views: 946 |
|
|
Valued Member
United States
104 Posts |
I'm trying to put togeather a Liberty Half Eagle 1839-1908) mint set. So 7 mints = 7 Coins and the southern mints can get expensive. I started off buying an 1846 new orleans half eagle graded au53 by pcgs ( also cac). I've found a beautiful Charlotte half eagle with original skin in a pcgs OGH graded xf45. I have a 20 cent carson city coin in a pcgs ms63 holder and I was going to trade it and 2k for the Charlotte half eagle. I will post pictures of both.  
|
|
|
|
Valued Member
 United States
104 Posts |
The dealer wants 5500 for the Charlotte half eagle. Just curious what others opinions are of this trade.
|
|
Pillar of the Community
Taiwan
606 Posts |
A quick look at PCGS prices realized reveals the two most recent sales of the 1855-c PCGS XF for $3840. The sales occurred June 2022 & May 2023. Two recent sales of he 1875-cc PCGS 63 occurred Dec 2022 and Dec 2023 for $3120 & $3240 respectively. I think you can do better.
|
|
Pillar of the Community
 Canada
5394 Posts |
No brainer.hard pass . Be patient a better deal will be out there !
|
|
Moderator
 United States
56855 Posts |
|
|
Pillar of the Community
United States
3343 Posts |
You're better off treating it as two separate transactions. Sell the 20 cent, then buy the half eagle. $5500 seems like a high price in this market. IMO that reflects the dealer's reality. There are a lot of expensive coins in inventories right now. Selling a high end 20 cent will be a challenge for any dealer that gets it in trade. What is his cash offer for it?
I sold a bullion grade Eagle a week ago, then purchased a DMPL CC Morgan with part of the proceeds. The Eagle transacted at spot as expected. I had my choice from literally dozens of DMPL's, and could pick and choose the one I liked. Like buying candy bars at Halloween. Far more supply than demand on display, and stacks of unopened GSA boxes behind the display. I asked the dealer if they were buying modern proof sets (my sister has a bunch) and got a chuckle. Yes, for half of greysheet.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 05/20/2024 09:18 am
|
|
Pillar of the Community
United States
3848 Posts |
If the 55-C already had a gold CAC then it would be worth considering at that price. It probably will CAC, it looks like an easy 50 in the OGH. As it sits, I think $4,200 would be a healthy buy-it-now price. $5,500 is a little too high.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves.
|
|
Valued Member
 United States
104 Posts |
Southern Gold especially half eagles ...the market is hot right now and unfortunately I try not to time the market in anything because that's an investors mentality and I'm a collector who also doesn't want to loose his ass. With that said the dealer is open and I said 2k on top of this trade I made a mistake and took back the offer and he said shoot him a number and I'm trying to figure out that number. A straight across trade I would be getting the upper hand. I looked into selling it whole sale and 2 bigger coin dealers a few months ago offered me 2700 (they both offered the same) for my 20 cent cc and would be interesting to see how much they would offer me if I had this Charlotte half eagle. I love the surfaces and the eye appeal which is becoming more difficult to find, is half eagles from the southern mints with what I would call a gold Liberty Half Eagle with original skin. The 1855 c that sold for $3840 in 2023 wasn't in a ogh holder and didn't have the eye appeal like the one I want to purchase. Although the one that sold for $3840 in 2022 did have a cac and is more comparible but these coins have gone up significantly since then. I know my 1875 cc 20 cent piece will be easy for any dealer to sell especially in a pcgs ms63 holder and in hand looks way better than the grainy picture I uploaded so maybe I should upload some better pictures of both the obverse and the reverse of both my 20 cc and his 1855 c half eagle. Does anyone think this should be a straight across trade? Does anyone think there needs to be cash included my 20 cent cc because I definitely think I would want cash included if the tables were turned and I was this dealer with the 1855 c half eagle in an older holder with original skin. But how much is the question. He's open to less but I just don't want to screw myself. Thanks for all your guys help thus far!
|
|
Pillar of the Community
United States
3343 Posts |
Based on my experience a week ago I recommend against trading. Sell the 20 cent for the offered $2700 and negotiate a price for the 1855-C separately in cash. One deal shouldn't hinge on another.
That said, this isn't about making an extra buck. As with my cull Eagle I was $250 ahead, and you're probably money ahead on your 20 cent. Pick up the 1855-C for $2000 in trade and walk away happy with the upgrade. They're nowhere near as plentiful as DMPL's.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq 05/20/2024 8:20 pm
|
|
Moderator
 United States
95403 Posts |
wow, this topic is way above my head - I'll sit and watch 
|
|
Bedrock of the Community
United States
94367 Posts |
I'd be much more comfortable with $1.5K and the swap, but I understand the temptation.
|
|
Valued Member
 United States
104 Posts |
Charlotte and Dahlonega gold have really gone up especially Dahlonega gold. If anyone in this community visits doug winter's website on the regular they will understand that a couple years ago one could buy (one of the more common dates) AU Charlotte half eagle for around 3500 and now 2 years later they've gone up to around 5k. Dahlonega have gone up even more to 5500-6000. When I say au let me clarify I'm talking au50 coins that CAC.
I havnt found any 2024 sales data on 1875 carson city ms63 20 cent pieces. If a coin shop is buying these for 2700 they are probably selling for ....?
|
| |
Replies: 11 / Views: 946 |
|