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What Is The Average Price You Pay For A Coin?

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vermontensium's Avatar
United States
16679 Posts
 Posted 07/05/2011  8:16 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
To me, it all depends. I can be more accurate on a per year basis on all types of coins. As of the past 3 Months, it seems to have been $200-$800. I have bought a few more Colonials for my type set, and some of these are not exactly inexpensive.
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Libertad's Avatar
Canada
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 Posted 07/05/2011  10:26 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Overwhelmingly it's the $1-50 range. Now if you want accurate results you can redo the poll but split up that range into smaller groups.

Me, I'm more into the $5-15 range. Seldom times can I afford anything over $50.
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Conder101's Avatar
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 Posted 07/06/2011  11:32 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
If you take it over all your coins the average will naturally be very low. But if you take it as a moving average say just the coins purchased over the last four months with that four month period moving along as time passes, you will find average cost rising over the years as collections become more advanced and incomes rise. When I started my purchases were seldom more than a few dollars each, but now my average is in the $100 - $150 per coin range. Sure from time to time I'll make a much more expensive purchase or a much cheaper one, but the typical purchase is in the $100 to $150 range.
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jbuck's Avatar
United States
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 Posted 07/06/2011  2:02 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Good point.

I did some calculations in my spreadsheet by looking at coin show purchases only. I did not include the circulation finds (which will severely lower the average) or annual proof sets.

The purchases since I joined the forum (December 2007): average price $50.

The purchases since 2000: average price $26.31.

If I remove the recent coins, the average price drops to $19.44.
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nod2003's Avatar
United States
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 Posted 07/06/2011  2:13 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
The majority of my collection was bought for silver melt value or lower. I probably have less then 25 coins where I paid more then that and those ones probably average in the 50-100 range.
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Bryan1315's Avatar
United States
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 Posted 07/06/2011  4:00 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
this is a really hard question to answer because I have paid thousands for one coin and have also paid as low as a few bucks for others. I guess if I would put a average it would be around 300-350 or so because thats what most MS-64 1878 Morgans sell between until here recently. But for MS-65 1878 that price triples and I have quite a few of those as well
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sel_69l's Avatar
Australia
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 Posted 07/07/2011  08:47 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The character of Sap's collection and my own are very similar. He has made all of the comments that I would make as well.

That is expressed in the average purchase price of a coin.
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United States
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 Posted 07/07/2011  11:13 am  Show Profile   Bookmark this reply Add IC Double to your friends list Get a Link to this Reply
My average price I spend on coins is a cent for a cent, nickel for a nickel, dime for a dime, and so on.
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