GTG: 1875 Seated Liberty Quarter (with a bonus)

@Gilbert

 

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Did you have a reholder to show the attribution? Or was it just mentioned in the auction description?

 

Yes, with a coin like this (already in an MS64 PCGS slab, a variety PCGS attributes but didn't have a single example already graded) that I intended to sell, I felt it was necessary.

I tried selling it for quite some time with the images provided earlier in this post, but absolutely no one was interested in it (besides your normal lowballers who offer you $10 for a coin worth many, many multiples of that) without the variety attributed.

It was pretty shortly after getting it back with the variety attributed (if I recall correctly) that it sold on eBay.

 

Was it listed in an auction with a starting price?

 

Well, the problem with a coin like this is...what's it worth?

When no similar examples have been sold...there is no price guide to refer to...and for all intents and purposes it's one of a kind (at least in this grade) - what do you do?

I felt like a major auction house would be a good idea (not eBay or the AuctionZip auctions I've been running, because no one there seems remotely interested in anything valuable, just junk) so I tried calling/emailing Heritage (zero response/no call back after leaving a message.)

Tried calling the "big" coin shop in town who host a few auctions, and they don't really know/care about die varieties (same response when I was trying to get my MS67 1942 Walking Liberty DDR attributed.) Took it to a few other local dealers and no one had any interest in trading 1 ounce of gold for it.

Are we getting an idea of what it's like to try to sell something that doesn't have a documented price history?

Had it listed on my website for a while before having it attributed (was trying to avoid eBay fees) but eventually I did list it on eBay as a BIN/BO, as I wasn't entirely comfortable with eBay's policy of not exactly making all items available to all users regardless of search terms (didn't want it to be unseen and then sell for a pittance.)

I honestly just kind of made up a price at that point, and for whatever reason it finally sold.

 

Yeah sometimes a blessing can become a problem.
When there are no references as to a piece has sold for.
It requires a special collector who has the means and also appreciate the specimen to pay the price.
Im glad he did well the % made over the ms 64 grade price is well worth the grade and variety.

 

Do you mind posting the reholder?

 

@Gilbert
Here is image of an indian head cent a member here has on the market at present. finest known and a $400. Coin

 

Here is an 3 cent nickel with a digit in its neck.
Gilbert i am glad to have had struck an interest in this type of variety.
Now you can revist your coins with the information needed to see if they already exist in your collection and you didn't know it... i love nice coins....and what makes a nice specimen even better an extra part of history and understanding how it became about.

 

I went through exactly the same thing you did several years back when I found the 4th known example of the 1919 DDO Mercury Dime. It was also the highest graded at the time as well. I did not want to take any chances with the eBay auctions, luckily, I made contact with a private dealer who was interested. We did a bit of negotiating and settled on a mid 4 figure price. The sale is pretty much what set the baseline for a market price on that variety. It wound up selling a few times in larger auctions for about 70% or so more than I sold it for originally. I was just fine not seeing those higher 4 figure prices as I paid quite a bit less to begin with. LOL