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Does The Community Think This Is A Fair Trade?

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Author Previous TopicReplies: 11 / Views: 946Next Topic  
Valued Member

United States
104 Posts
 Posted 05/19/2024  6:29 pm Show Profile   Bookmark this topic Add Benny w to your friends list Get a Link to this Message Number of Subscribers
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.
Does-The-Community-Think-This-Is-A-Fair-Trade?
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Valued Member
United States
104 Posts
 Posted 05/19/2024  6:34 pm  Show Profile   Bookmark this reply Add Benny w to your friends list Get a Link to this Reply
The dealer wants 5500 for the Charlotte half eagle. Just curious what others opinions are of this trade.
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Everest's Avatar
Taiwan
606 Posts
 Posted 05/19/2024  7:20 pm  Show Profile   Bookmark this reply Add Everest to your friends list Get a Link to this Reply
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.
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 05/19/2024  7:49 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
No brainer.hard pass .
Be patient a better deal will be out there !
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John1's Avatar
United States
56855 Posts
 Posted 05/20/2024  04:22 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I use NumisMedia and ebay sold values for a realistic value.
https://m.numismedia.com/cgi-bin/co...de2=pricesms
John1
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thq's Avatar
United States
3343 Posts
 Posted 05/20/2024  08:59 am  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
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
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jacrispies's Avatar
United States
3848 Posts
 Posted 05/20/2024  12:07 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
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/434955
Shoot me a PM if you are looking to sell bust halves.
Valued Member
United States
104 Posts
 Posted 05/20/2024  4:05 pm  Show Profile   Bookmark this reply Add Benny w to your friends list Get a Link to this Reply
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!
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thq's Avatar
United States
3343 Posts
 Posted 05/20/2024  4:18 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
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
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Dearborn's Avatar
United States
95403 Posts
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Coinfrog's Avatar
United States
94367 Posts
 Posted 05/20/2024  8:52 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'd be much more comfortable with $1.5K and the swap, but I understand the temptation.
Valued Member
United States
104 Posts
 Posted 05/26/2024  5:40 pm  Show Profile   Bookmark this reply Add Benny w to your friends list Get a Link to this Reply
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 ....?

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