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Posted 06/25/2010 10:11 am
Price guides have a tendency to post higher than realistic values. The reason is that folks will then be more likely to purchase their publications. The dealer's offer of $30 is inn the ballpark; this, based on my twenty-plus years of experience, auctioning coins at a few clubs. The 1835 Half Cent is probably the most often seen date in that series. If one looks at dealer price lists, one in fine condition can be had for $40-$50 or so. Consider that whomever might purchase such a coin from a dealer wants to pay under catalogue. The dealer will want a fast turnaround and may be content to take a 25% or less profit. Many dealers tend to buy coins at 10-20% below grey sheet BID price, a standard; the spread depending upon whether a coin is a key date or quick-selling item. Perhaps, another follower of this thread can say what the grey sheet BID is on your coin?
