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 Replies: 8 / Views: 1,916 |
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Valued Member
United States
467 Posts |
I was in my local B&M and spotted a 1936 Norfolk Comm. His asking price is $350.00. Assuming this coin has original surfaces and not damages, is this price in line for a VF?
On this particular coin what "hi spots" should I be looking at for wear to determine grade?
Thanks.
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Valued Member
United States
121 Posts |
I think its a little high. I've seen au/bu for that price. one thing to remember is most comm. stay inside the coin community, so they are well cared for. But then again I could be wrong!
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Valued Member
United States
121 Posts |
These are some prices I found on the web. Sorry I did not want to put a link here for the shop in question. 1936 Norfolk AU-------------------300.00
1936 Norfolk BU-------------------340.00
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Moderator
 United States
15389 Posts |
Hmmmm .... allow me to share the following ...
The 1936 Norfolk Virginia Bicentennial Half Dollars had a net mintage of only 16,936 coins ...... making them several times 'rarer' than a 1909-S VDB cent ..... and as well they were among the most obscure events ever commemorated on a USA coin.
Truly .... imagine trying to convince the US Mint today to create a coin to salute the 200th anniversary of the founding of the Norfolk borough!
The cluttered nature of this coins design served well to hide that bag marks and nicks that resulted from careless handling at the Mint ... and most coins were sold to collectors during the height of the great 1936 commemorative boom ... so many examples exist today in MS65+ state.
Soooo .... from the perspective of a 2010 collector .... MS coins are common and the value of a Norfolk Half in MS ranges from $350 in MS60 to $520 in MS66.
That said ...... honestly circulated Norfolk halves are rare .... so if your dealer truly has a VF coin then there are many folks .... myself included .... who would be interested.
Hope this helps
David
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Valued Member
 United States
467 Posts |
Thanks for the responses, I will probably take another look at it, this coin had some toning to it, so it is possible it is an MS coin, I just quickly noticed it and didn't examine closely enough to grade it. What points should I be looking at for wear to help determine UNC or not? My own opinion, I abosultely love the design of this coin and the story behind it. I believe this was supposed to be a medal, and somewhere in the language of the bill called it a coin, hence it became a coin no? http://www.ngccoin.com/CoinDetail.a...169&page=all |
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Pillar of the Community
United States
672 Posts |
I sold a circulated example to a dealer for 300$ earlier this year. Not sure if that helps... now wishing I didnt
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Valued Member
United States
467 Posts |
I did go to look at the coin again, but it had been sold a few days earlier. Thanks for everyones responses.
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Valued Member
United States
469 Posts |
More than once I have paid more for a circ commem than what the MS grade would bring. And yes I paid more than $375 for a great looking VF Norfolk.
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Pillar of the Community
United States
1054 Posts |
Most commems did stay within the coin collecting community, however, there is an abundance of cleaned and polished examples out there. Just a heads up to do some research about what an original example looks like compared to one that's been cleaned. The luster will tell the tale.
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Replies: 8 / Views: 1,916 |
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Posted 10/08/2010 4:52 pm
