Looking to buy a trade dollar; need some advice

Discussion in 'US Coins Forum' started by Dougmeister, Nov 12, 2013.

  1. Dougmeister

    Dougmeister Well-Known Member

    Local coin shop doesn't have any in stock, but he says he can get be a common date (like 1877-S) in "good" condition for around $80.

    There is a coin auction later this week, but all The trade dollars are XF or AU. Heritage says those go for at least $250 (waaaaaay out of my price range).

    I'd *like* an error-free VG, but not sure I can afford it.

    Should I settle for one that has been cleaned? They seem to go for $50-$100...
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. green18

    green18 Unknown member Sweet on Commemorative Coins

    Save your money and buy the best example, in the condition that you can afford, that's agreeable to you. Don't make the mistake of buying something you think you can live with right now and then have buyers remorse two years down the road.

    Been there, done that.........
     
    ToughCOINS likes this.
  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Ditto . . . impatience only buys disappointment.

    - Mike
     
  5. CamaroDMD

    CamaroDMD [Insert Clever Title]

    This is the best possible advice you can get. I made this mistake many times years ago and I am still trying to dump the majority of my collection and repurchase nice pieces. If you must get a low grade example, buy a nice problem free example.

    That said, I don't know what your financial situation is or how long it takes you to save $80. From my perspective...the difference between $80 and $250 isn't huge (right now the MAX I spend on my hobbies is around $250 and that's basically a 1-2 month budget for me). Now, if it takes you 6 months to save the $80...then saving $250 might not be realistic. If you are just dying for a Trade Dollar but don't want to save for 2 years, then go ahead but make sure you buy a completely problem free example.
     
  6. Tom B

    Tom B TomB Everywhere Else

    Be patient. Don't buy a dog you will regret.
     
  7. Mojavedave

    Mojavedave Senior Member

    DON'T BUY FROM CHINA.

    Been there done that.
     
  8. Searcher64

    Searcher64 Member

    Many are not real today. I got stuck with one, 1875 s. So, if you are to buy one have it weighted at the shop, check the surface, if any bump, or balls on it, dull looking before buying, then walk. Only buy, from one you know, or a true slabbed one.
     
  9. Dougmeister

    Dougmeister Well-Known Member

    Without seeing them, what would a good price be on both an 1877-S XF and and AU? Trying to search on Ha.com... Looks like $200+ easy...
     
Draft saved Draft deleted

Share This Page