In a moment of sheer stupidity, I bought this this morning. I think I might make a little money flipping it at the coin show this weekend, but I would be happy to break even. What are your thoughts?
I'm seeing what I believe a rather dark coin having been deliberately overexposed to bring out the detail, and as a result I'm guessing those much "brighter" areas won't be nearly as important in-hand. An early die state, showing what looks to me like a remarkably intact planchet, especially on the obverse. The obvious damage about the reverse rim is balanced by a dearth of circulation-related nicks and marks anywhere else, and it's a pretty strong VF on technical merit alone. EAC F12 maybe? If I'm correct about the look of the coin, although it should probably be in a Details slab due to the reverse rim, it should also probably sell close to the price of one which isn't. I would absolutely have this one on the short list if I were looking for something similar.
I would put it at VF-35 details. The reverse rims just does it in to me. No clue as to what price it might bring.
$250. I did not notice the rim damage on the right reverse until after I had submitted my offer. Unfortunately, it was the highest of the three offers at the time.
Common variety with granularity, some damage but VF detail. It all depends on whether you find someone who will pay for detail and overlook the damage. I tend to go for detail, but at a significant discount, not nearly full price or only a trivial discount. I'd probably go as high as $150, but prefer under $100. Fortunately, this market doesn't mind paying full price for detail coins in some cases. Particularly if slabbed. I lose a lot of coins like this.
And, as an added insult, eBay surprises me this morning with a 10% eBay Bucks promotion, a day AFTER I had paid.
We both know it is worth more than that, but I feel the same about many other US issues. I will not pay more that $1000 for a P-01 1796 half dollar to keep for my collection. It is not worth it to me, especially since I can get a nice AU 1796 Dollar for the same price as a P-01 half.
Like you say, some people will pay more than me. I expect a significant discount for damage and others will settle for a minor discount. All you need is a willing buyer and a willing seller for a sale. But market value requires turnover within a reasonable time frame. I know some dealers who will never sell at a loss and they wind up with a lot of stock that can't be moved. Sometimes you buy right and other times you don't. Good luck. If you purchased at an auction with limit bids where the second highest bidder sets the price, at least you know someone else is willing to come close to your winning bid.
I was pleasantly surprised. It looks a lot better in hand. The surfaces do have a micro porosity, but it is hardly noticable without a loop. The fields are smooth to the touch. If I could afford to, I'd keep her.
The photos certainly make the surfaces look nicer which would result in a lower discount. The original photos may have turned up the contrast too much. I still don't think I'd go quite as high as you did, but we're closer. It's certainly Die State III or maybe early IV, but the die beak in Breen isn't the same as the one I can ALMOST see on yours so I'd stick to III. Excellent photography by the way. ps My breaking point between VF and XF is the hairline at the forehead. That's why I'd go with VF 30 details rather than XF 40 details.
