That seems a little high. I am not knocking the price - I know I paid around $70 for my 65 and it seems like the prices have dropped some since I bought mine. I now know where you can get a nice MS-65 for $49 or a MS-66 for $60. The ones I know are at dealers where shipping would be involved. I also can't see you coin good enough to compare strikes on the coins.
I agree that the price is a little on the upper end for a MS64...but the coin appears to have very nice luster and is a nice example. The pictures make it hard to tell what the strike quality is though. I think you did fine, not a screaming deal but you didn't get taken either.
I'll try and get some better pics up later. The ones I posted are from the NGC lookup. http://www.ngccoin.com/certlookup/CertResults.aspx?CertNumber=3191115-001
Which book? The 2012 Red Book says it's $38 for the MS63. But then again, price guides are mute, if the seller is happy with the coin and he's not guilty of the price he paid, he won no matter regardless of what we say.
The Red Book is not a good source for determining values. Like all others, it is merely a guide, but in this case, the "guide" is still sitting in the bar. Chris
Exactly why I pointed it out. BUncirculated mentioned price guide valuing the coin at $31.25, another price guide I pointed out says it's $38 for a grade point below the sellers coin. I then went on to say.. "But then again, price guides are mute..."
Not the Red Book that's for sure. Run the cert. # on NGC, the value is listed at $31.25, and as I stated I've seen these at coin shows anywhere between $26 - $32.
Well we know that, or you would have quoted $38 bucks. NGC is the same boat as Red Book or any other guide, they are not the final say in value in my opinion. Now you can say you've witnessed these coins selling between $26 - $50 since the OP bought his for $50.
To put it bluntly, you did extremely poorly. A brief check of the Heritage auction archives showed that MS64's have been selling in the $24-$30 range, and even MS65's have been selling in the $35-$40 range. You paid considerably too much for a very common coin.
Uhm no I wouldn't have as I don't, nor have I ever, relied on the prices in Red Book because I understand that by the time the Red Book is published, the prices have already changed significantly. Actually, you're incorrect. NGCs price guide comes from Numismedia.com, which is updated regularly. Again, I've have seen these listed for $26-$32. Just because the OP paid, what I feel is much more than the coins value, doesn't make it a going price for this type of coin.
Not if he's happy with the coin. We can tell him he overpaid all we want, it still ends up being our opinion if they're happy with their purchase.
I don't either, I was just throwing another price guide comparison out there. Still doesn't mean they're the almighty last say in the value of a coin. At least in my opinion, no price "guide" is. Like my post above, if the person is happy with their coin, they could have paid $100 for it and they still won, because they're happy. That's all I'm trying to point out. I originally said it was a fair price, not great price. Now if he said he bought it for $100 or more, I would have said that was a poor purchase decision in my opinion, but as long as they're happy, they still win. It's not like he overpaid by hundreds, we're talking no more than $20-$25 and who's to know if the coin is held in their collection for a very long time that the value may exceed the purchase price.
He asked the question "How did I do?". So I answered, and provided my opinion, based on what other examples of the same and next grade up, have been selling for. Chances are excellent that he would have been as or more happy with another MS64 for quite a bit less money, or even an MS65 for less than he paid for his MS64.
