1857 Seated Liberty Quarter - Should I Buy It?

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Author	Replies: 14 / Views: 1,297
cazzuey Valued Member Canada 367 Posts	Posted 08/15/2011 08:00 am Hey folks, I have a chance to buy a 25c piece no mintmark from 1857 for $30 The coin is in XF40 to AU55 LIBERTY is completely visible. Is it a good buy? Thanks for the help, cazzuey Report this Post to the Staff

nod2003 Pillar of the Community United States 3294 Posts	Posted 08/15/2011 08:35 am Assuming you are confident of the authenticity, grade and that it has not been damaged or cleaned, $30 is a great price for that coin. Report this Post to the Staff
oih82w8 Pillar of the Community United States 7840 Posts	Posted 08/15/2011 08:48 am I would very weary of this coin, in this condition, for this price; FMV Prices (Good-MS60) 1857 G4 $23 VG8 $26 F12 $30 VF20 $45 XF40 $90 AU50 $168 AU53 $180 AU55 $198 AU58 $216 MS60 $330 http://numismedia.com/fmv/prices/se...icesgd.shtml If your insides tell you to go for it, I would ensure that there is a return poicy on the coin. If it is an AS-IS, run! Edited by oih82w8 08/15/2011 08:50 am Report this Post to the Staff
cazzuey Valued Member Canada 367 Posts	Posted 08/15/2011 08:53 am The coin looks genuine, I'm buying it from one of my coin dealers who is very trustworthy. Report this Post to the Staff
cazzuey Valued Member Canada 367 Posts	Posted 08/15/2011 09:05 am And thanks for showing me that great site, oih82w8. I've been looking for a site like this. Report this Post to the Staff
oih82w8 Pillar of the Community United States 7840 Posts	Posted 08/15/2011 09:42 am No problema, I have been using numismedia to make more informed purchases for some time now, at the suggestion of a previous CCF member. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 08/15/2011 10:37 am Price is really good pending your correct as to the condition of the coin. You mentioned it is from a reliable dealer so why would he give it to you for so low a price? Are you a steady customer? Report this Post to the Staff
Buddy Rest in Peace United States 7075 Posts	Posted 08/15/2011 11:36 am That numismedia site is very helpful as is this site. I'm a newbie but I have learned a lot here. Thanks. Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 08/15/2011 12:13 pm One possibility is the coin dealer is not so interested in US coins as he might be in Canada. I certainly know my dealer in the US has no interest at all in Mexican coins so he probably would drastically underprice a coin from there as well, especially if he didn't have a convenient way to figure out the value. Report this Post to the Staff
Gyrene7483 Pillar of the Community United States 1704 Posts	Posted 08/15/2011 12:21 pm You should look very closely at the surfaces of this coin before you buy it to see if it has been whizzed or altered to enhance its appearance. It is very unusual for an established dealer to mark a coin down to 1/3 of its normal retail value if there is nothing wrong with it. Ed ANA LM-3175 Report this Post to the Staff
cazzuey Valued Member Canada 367 Posts	Posted 08/15/2011 12:27 pm Yes, I am a regular with this dealer. Here is another item he sold me. https://goccf.com/t/77408 Thanks, cazzuey Report this Post to the Staff
murrellington Pillar of the Community United States 3276 Posts	Posted 08/15/2011 2:51 pm i need to start shopping in canada. Report this Post to the Staff
oih82w8 Pillar of the Community United States 7840 Posts	Posted 08/15/2011 3:01 pm Here are a couple of images of XF-40 from PCGS Photograde for comparison of the quarter you are contemplating; http://www.pcgs.com/photograde/#/Seated25/Grades Edited by oih82w8 08/15/2011 3:03 pm Report this Post to the Staff
cazzuey Valued Member Canada 367 Posts	Posted 08/15/2011 3:56 pm Actually, murrellington the coin dealer is in Vermont I'm right near the border so I go down there any chance I get. Thanks for the pics. Report this Post to the Staff
Saruma Pillar of the Community United States 968 Posts	Posted 08/16/2011 4:34 pm I guess the big question everyone here has is WHY is he selling it at that price? Does he specialize in Canadian coins and not really care about US ones? Is he giving you a special price because you are a regular customer (sort of a thank you for doing business with him)? Or is this coin just sitting in the display case with a $30 price tag surrounded by other US coins that are priced closer to normal retail prices? If it is the last one I'd be concerned. If he is like every other businessman on Earth he is selling coins to make money. You don't make money drastically underpricing a coin without a reason. Report this Post to the Staff
	Replies: 14 / Views: 1,297

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