How Much Of A Discount Is Warranted For An Attractive Rare Date "details" Coin?

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Author	Replies: 9 / Views: 865
fenton Pillar of the Community United States 4984 Posts	Posted 09/21/2024 10:30 am Local dealer has the coveted 1893-S Morgan in something like a "VG details" grade. It's a very attractive coin and seems to have no surface issues but, rather, some rim problems and a scratch. How much of a discount off of greysheet, plus his margin, is warranted? If a coin has surface details nuked I could see 50% but if it's just a scratch on an otherwise nice coin I'm curious what folks would think is typical. 20%? 30%? Report this Post to the Staff

NumisEd Pillar of the Community United States 4529 Posts	Posted 09/21/2024 11:14 am I bought this proof, UNC Detail Barber half for about 10% below Greysheet: https://coins.ha.com/itm/proof-barb...2117-27407.s Report this Post to the Staff
Jaobler Pillar of the Community United States 6269 Posts	Posted 09/21/2024 11:30 am If there were a details coin I really wanted I'd try to negotiate a 50% discount from whatever current auction sale prices are for comparable no-problem examples. Maybe I'd go higher from there. In general I avoid known problem pieces. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 09/21/2024 1:01 pm Depends on too many factors. Hoe tall is a tree? Report this Post to the Staff
thq Pillar of the Community United States 3260 Posts	Posted 09/21/2024 1:15 pm Offer $2000 and haggle. I picked up a nice looking cleaned high VF 1795 flowing hair dollar a couple years ago for half of price of straight grade at the time. Since then the price of similar cleaned coins has gone up by 40-50%. Tooled and repaired coins have gone up too but not by as much. I'd put the 1893-S in the same class of desirability. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Edited by thq 09/21/2024 1:23 pm Report this Post to the Staff
Maine Member Valued Member United States 413 Posts	Posted 09/21/2024 3:11 pm I think half off gray sheet would be a starting point. The 93S is highly sought after by Morgan collectors. Surely it will be a negotiation process. I guess it depends on the sellers motivation. Good Luck. Report this Post to the Staff
Marve65 Pillar of the Community United States 5751 Posts	Posted 09/21/2024 3:23 pm 2 things: 1) How much is he willing to sell it for. 2) How much are you willing to pay for it. Report this Post to the Staff
nickelsearcher Bedrock of the Community United States 13679 Posts	Posted 09/21/2024 7:00 pm A damaged coin will always be a damaged coin and will never repair itself. To each their own as a collector - but I avoid damaged coins regardless of price discounts. Take a look at my other hobby ... http://www.jk-dk.art Too many hobbies .... too much work .... not enough time. Report this Post to the Staff
Slider23 Pillar of the Community United States 4398 Posts	Posted 09/21/2024 10:18 pm There is not set formula to value a details coin. Try to find a similar example for grade and problems that sold at auction on ebay, GC, Heritage, etc. If you can find a similar example, this will give you a good starting point to make an offer. Report this Post to the Staff
jacrispies Pillar of the Community United States 3722 Posts	Posted 09/25/2024 12:12 pm You can't value a problem coin from a price guide describing problem free coins. Look at Stack's or Heritage archives to compare with similar grade and details coins. The 1893-S is common in that grade so there should be no problem. 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. Report this Post to the Staff
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How Much Of A Discount Is Warranted For An Attractive Rare Date "Details" Coin?