Broadstruck James Madison

Not a coin enthusiast or anything, just stumbled onto this and started researching. Decided to get it graded. Very little info on it, specifically. Havent been able to find another broadstruck James Madison online. What could it be worth? As I'm not a collector, I'm just trying to sell it. Thanks!

-Hope I got the photos right, I did read the directions on how to do it-

 

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Call out to @paddyman98

 

@Bthack
It probably costed you more to have it graded and certified than it is worth.
~ Chris

 

Nice coin!

There isn't a true set price for it. It is worth what someone is willing to pay for it. Take it to your local coin dealer(s) and see what they offer you for it. There's always eBay where you can determine your price and see how many bites you get.

You might even find some interest on here, but that's a different forum and there are rules to follow.

The coin itself as an MS65 is worth $5 - $7, but with it being broadstruck adds a premium on top of that.

 

@cpm9ball
@Randy Abercrombie
I never really looked at prices for Broadstrike Errors.
I checked the Mint Error News price list and this is what it states..
All the way on the bottom for a small Broadstruck
$1500.00


I'm just sharing the list not saying I agree with it.

 

Awesome, thanks for all the information! I paid $90 to get it graded and havent spoken to any dealers about an offer yet. From that list, what is considered a large broadstrike vs a small broadstrike?

 

Have you seen those coins where like half the coin is blank? That is a major broadstrike. Yours is small.

 

Also that list is going based off of recorded auctions. I think just going and seeing what has sold on ebay works a bit better.

 

Ah yes, ok! Thanks

 

Oh ok. I'll have a look around on Ebay then! Thanks

 

@paddyman98 I feel like those prices are over-inflated. I did a quick ebay perusal and found nothing that sold that came anywhere close to those prices.

 

Ok cool, thanks for looking. Hmm, I wonder what coin sold for that at auction then. I'll have to see if I can find where they are getting that example.

 

I find that price for a Prez Dollar a bit ludicrous, especially for a broadstrike that might be classified as "smallest". The prices for a Morgan, Ike, SBA and Sac don't even come close to it. If I had to classify that auction price, I would probably put it in the "bidiot" category. ~ Chris

 

Thanks for posting this, Mr. P.! In your honest opinion, are any of those "4-digit" prices for a small broadstrike in line with what you would pay for one? ~ Chris