How much should I charge For this Lincoln

I have a pretty solid lincoln illinois half dollar graded mint state 64 that I picked up a few years back. Im going to try to sell it to my dealer. How much should I ask him for it? I also have a pcgs graded ms 63 oregon trail 1926 s half dollar. But its in one of the orignial old pcgs holders and it looks like a 66 to me. Should i sell it too and for how much or is the grade difference in the current holder worth sending to ngc for then selling.

 

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Any pictures so that we can grade (if pictures are good). Also a dealer is not going to give you what you ask.

 

I just started my weekend trip wont be home till Monday. I can post the pics then. Why wont the dealer give me what I ask. I was thinking of asking 450 for the set. If the seller refuses I keep then. I can and will ask what I want. Im just looking for advice on their exact worth based on a red book giude or something.

 

Anyone can go out and buy a red book.. why not you?

 

Red Book prices are basically worthless.

 

It's best to have a starting price to tell the dealer.

 

I agree...but using Red Book might be that useful.

 

You did not say who graded the Lincoln but I will guess the dealer will probably offer About $300 for the pair.

 

Numismedia lists the Lincoln in 64 at 225 and the 26s Oregon trail in 63 at 174. So I would assume somewhere around 30% for the dealer which in my estimate puts a reasonable starting price for the Lincoln at 175 and the Oregon at 130. These would leave the dealer 30% to get back to book price. Don't take my word, it's just my best guess.

Edit, this assumes grading by either PCGS or NGC not some third tier grading company.

Second edit, I just read your are looking for 450, don't waste the dealers time. They book for 400 and the dealer has to make money. If they are worth 450 to you then keep them, but the dealer would not be a dealer for long if he paid much more then 300 for these two coins. If you want to sell them be reasonable.

 

Well ya.. but he mentioned above about someone looking in a red book for him

 

I know it's INSANE of me but believe it or not not everyone collects American Coins. I only have a few so why would I waste money for a book to find out two values. If you have a problem with supplying me with the values that's another story. So I won't be buying a red book now or never

 

Well, I bought my last Red Book in 1960... but I do have a '63 that I bought at auction. Sort of a waste if you ask me, I cringe every time someone says "buy a Red Book". Seems to me any info you would need is available online, and obviously the pricing is outdated/incorrect. Anyway, if you sell to a dealer, he will probably offer you about 60% of what he plans to sell it for.

 

If (fred13) is lucky he may get that much ($300 for the pair) but dealers are the absolute worst to sell coins to, especially b&m's. They have to pay the rent and basically take care of the overhead, so they can't pay too much or it would be totally unproductive for them. Almost every time I've sold to dealers they have been honest on what they would give me and the ones who I feel are friends have told me to sell elsewhere b/c I could get more than they're willing to pay me. Mostly all of the coin shops I do business with are honest dealers but they gotta make a profit and it's gotta be more than the average man has to make, JMHO. good luck Fred, be sure to post the pics so you can get other opinions. :thumb:

 

Exactly my point. If the coins are not certified by NGC or PCGS, are not in the grade the OP states they are in, and or thinks his coins are that valuable, he will be disappointed if he gets an offer lower than $250. I bet, specially from a coin dealer. Very good pictures and ebay I would say is your best bet, that is hoping the coins are nice looking, certified and you are willing to wait for the auction to end and pay a nice fee.

 

I disagree - the most general book on coins is the red book. Lots of good information available. Otherwise you end up buying tons of specialty books. The red book is well worth the $10 or so every couple of years.

As to the original posters question and using numismedia prices - even they can be high and wrong. I believe every price sheet is just a guide. You might have to visit one or two sellers to get a gist of the price they will pay. Not really sure what the offer will be and who graded the coin may matter. I can't say for sure but I think the offer will be between 200 and 250.

 

I think a dealer might offer 10-15% of the Redbook price for a raw coin ? At least that's been my experience.

 

Like I said... the last coin book I bought new was in 1960, so personally I wouldn't buy one. Never bought a speciality book either. Guess I'm just not that interested. Anyway, the OP apparently doesn't collect U.S. coins, so a Red Book may not be that helpful.

 

I think the Red Book is great for those who like to collect coins as a hobby. If you find a coin in change, it gives you basic information about that coin (i.e. metal content, known errors and other general info), plus it gives a small idea of what the grade might be. It isn't perfect, but it is a start. I look at my Red Book all the time. I also get the Blue Book to get a better idea of dealer pricing.

 

Without knowing what the coins actually look like (regardless of the grades) all of the prices here are just guesses. If the Illinois commem have very attractive toning, even in MS64, it alone could be worth the $450 to the right person (me!!!). Even if it just has some nice toning it'll be worth more than the guide prices as decently toned Illinois halves aren't easy to find. If you really want an accurate value estimate, you need to provide decent photos.

 

Very intruiging 10% of red book price is that so? So dealers buy saint gaudens pieces for 200 bucks? didnt think so...