1916-S Walker

Well at least less than AG. Actually I'm glad to find the walkers are selling well.
i have some good ones as well as AG's. I should take another look at a bunch of low grade, but still looking like legal tender. I've been wondering what to do with them, other then trying to cash them in.

 

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You did ok for 19 bux,put it on Fleabay for 50 and see if the fish are biteing....

 

If this coin were a 46 S in that condition, it would be a cull. What you have (imho) is a better date cull.

 

AG2, and most dealers would pay you bullion value for it, if they wanted it at all.

 

I disagree with those stating it is a cull coin. just because you agree with someone is incorrect. It is an AG3 coin, that I agree with others had stated. You are stating baseless opinions that dealers would pay melt for it if at all. I just think I am getting trolled, at least there is the ignore member button.

 

Actually I would list it for $40 and see how it does but I actually mostly stay away from selling coins over a certain amount and will probably keep it. I already have 1916-D as well along with 1919-d, 1917-S obverse and other early dates, mine as well go for a set since I have several others as well along with these. Selling till I pay my Paypal Credit is a never ending process.

 

This is the grade I had it at as well.

 

Tell me about it! Bought a '32-D not long ago for very little. Attractive NGC VF25.

That's not true.

 

You are correct. Many dealers would only offer bullion value for the coin. The actual grade is not important at this level on this coin. It's still a nice coin but it is what it is.

 

Just because a dealer offers a low ball offer in order to maximize profit, doesn't mean it is worth that. I am sure there are many unscrupulous dealers looking to sucker someone. Most dealers I have talked to at the local coin show offered me the price I paid for coins, which is a good sign. I actually know a precious metal dealer that buys coins like that at melt but the coin guy plucks them out and sticks them in the books and sells them for significantly more. I know better to not sell there and go to the coin show where there are many dealers eager to sell and not so eager to look like a con artist trying to take advantage of those not knowledgeable.

In order for a coin to be worth something two educated people need to agree on a price. I get low ball offers on Ebay all the time, I ignore them, decline them, or even put them on my block bidder list if they are crazy low and keep telling me that is what they think the coin is worth.

 

I agree that the coin is worth more than melt but some dealers don't wish to even look up a single coin in that condition. They may not be "unscrupulous". They just look at it a bit different than we do as collectors. They may not wish to even own the coin because it may sit in the case for a long time waiting for the right collector to come along and buy it.

A dealer would need to sell a lot of coins like this to pay the bills. They need to double or triple their money with a coin like this to make it worth their time. They could make ten times as much on a higher priced coin. Some dealers will just say that they can't use the coin. They don't want to make an offer that would be insulting to the customer. Every person has a different idea of what a coin is worth to them.

A dealer may even pay a really strong price for something he knows he can sell quickly. Quick deals do pay the bills.

 

max AG2-3 barely.....

 

So true. It depends on their market. I took an 1893 XF Morgan to see what he would give me and he has no market for it, just CC Morgans. I did see him buy a decent looking Morgan at below melt. At my local coin show, they are surprised I can sell problem coins. I did notice that, a lot of dealers like selling those high priced coins. Is everyone in the market for them? I don't sell to make a profit like them though, just pay down my Paypal credit and coins I don't want to sell.

 

When customers come to me looking for semi-key coins, they usually pass right by the AG's. It's the rare customer who is advanced enough to be buying keys and semi-keys that will accept such a low grade into their collection. If they have gotten that far, they usually have the money for a better coin. They are tough sellers for me.

And on the cull coins? Depends on the series. In Morgan dollars, I see bulletins posted looking for "cull" dollars in XF. They are "culled" out of deals because they are scratched, polished, harshly cleaned, rim dinged etc.

 

It depends on your market and series. From what people have said though, you also make more money on a higher grade, more expensive coin. Some people collect a series and will take a lower grade coin until they can get better. I don't consider myself advanced and only need some semi-keys and keys in my Indian head and Barber dime set. I need Indian heads 70-72. 77, 1908-s, and 1909-s. I have quite a few walkers and the commons I don't have, I can get at the PM shop at melt. For some reason though, it seems that people don't collect date sets of walkers outside those that like the MS coins.

 

I agree though that the term cull means taking some pieces out. In the coin industry to use that to separate out coins that have problems. Too many though I have read, they would prefer a low grade coin over a problem coin.

 

No... but it's also not that far from it. Perhaps there are ready and willing premium-paying buyers on ebay for such material, but the same cannot, as a blanket statement, be said about all other venues. The fact is that not everyone is an eBay seller, and no dealer can rightfully be expected to pay top of what their market will bear. If that means being only able to offer a baseline for certain coins that will sit if offered at a premium, then so be it. With that said though, I do believe it only reasonable for such a dealer to inform one selling such a coin of this, or if it's clear they're expecting significantly more than he could pay, to simply decline.

 

I have a complete date and mint mark set of Walkers in G-F. Not the most expensive coins but I still love them.

 

Duplicate

 

Good point.