I was offered $ 600.00 on this coin. How much is it really worth (colonial coin)

The local Gold and Silver store offered me $600 on this coin. I would like to know the true value. Its a 50 cent piece from 1806 PCGS Graded. Thank you Kindly.

 

Log in or Sign up to hide this ad.

Well you can do completed auction searches to get more accurate price. I don't know if the Overton # is a better # or not but Pcgs says http://www.pcgs.com/Cert/20104033/

 

Thank you very much.

 

One day I was in a farmers market and saw a booth where they were buying gold. So I asked the guy how much he would give me for my ring. He said $289.00, I sais ok I'll take 20-$20 gold coins and give you $11.00 in change. Well he turned me down.

 

I'd turn you down, too. $400 - $289 = $11? :devil:

 

Hey Worth a try

 

STILL doesn't get it!

 

Hey only trying to pick up a extra hundred bucks

 

Valued at 1200
Curreny greysheet bid is $700
Up to you but offer it as a buy it now on ebay or on forums
If you need some dealers contact info to see what they will pay, pm me ill send their info your way

 

$600 is way too low on that coin, you should be able to get around $1000 on that one or more without too much trouble if you sell on eBay or here on the forums.

Looked it up on PCGS CoinFacts and here's the info. PCGS Price Guide is $1250 on that one. Sometimes that retail price is higher than the real market value, but it doesn't appear to be high in this case. Here's some recent auction results for this coin in VF35:

PCGS VF35
$1265 (6/2011)
$1208 (4/2010)
$1208 (6/2009)

As you can see, the price of a PCGS graded VF35 that looks decent (as yours does) seems relatively stable in the $1200-$1250 range retail. Accordingly, selling for a little less than that shouldn't be too difficult.

Using the Greysheet price for this isn't appropriate in my opinion. These early bust halves are listed in the quarterly greysheets which are infrequently updated. Moreover, they simply list a VF price, then the next one up is XF. The VF price is for a VF20 coin... your coin as a VF35 is worth much more than a generic VF20.

In any event, if you disagree with any of the foregoing, I'll happily buy the coin from you right now for the Greysheet bid of $700

Nice coin!

 

Actually, in looking at the eBay listings linked by Peter, this exact coin is currently being sold on eBay in an auction ending this weekend... perhaps the OP isn't telling us the entire story here???

http://www.ebay.com/itm/260867845198

 

OOP's

 

Yep... that seems to happen quite often. Well, I guess the OP will find out how much more than $600.00 the coin is worth.

 

currently it's worth $660 and not a penny more. However, that may change over the next 2 days 4 hours

 

$600 is a fair offer from a B&M dealer. You can always make more selling it on ebay. And sometimes no where near what is expected - to the good and to the minus. Now lets see what it goes for.

 

FYI, the coin ended up selling for $880 on eBay. I thought it actually went a little low. So it seems the dealer's offer wasn't too good at $600. But since the OP was apparently not being completely honest with us about the coin, perhaps there was never a dealer that offering that amount. I'm guessing the OP saw the coin on eBay and wanted to buy it and was just fishing for info on how much he should bid...

 

Why not be honest with us? I don't understand people some times.

 

Well, at least we now know not to trust anything the OP says and just messed up his reputation as a collector.