How would you price this rare coin?

Ok gang!

I wanted to try something here and if it turns out to be enjoyable or informative I'll do it from time to time. Pricing your coins for sale doesn't get talked about much around here so I thought I'd try to get some discussion going.

Ok, here is the hypothetical.

You own this coin. You are going to be selling this coin. Pricing a coin like this can make the difference between giving away money... and ask too much and you don't sell it.

This particular coin has it's issues. It looks to have been in a bezel but has not been soldiered. The surfaces also look to have been lightly wiped as well... most likely from being worn in a bezel.

This coin is certified by NGC as "UNC details removed from jewelry".

A no problem MS60 sheets at between $12,500 and $13,000. I have my pricing already in mind and It'll be fun to compare notes.

So how do you price this coin?

 

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I'm not good at grading gold but, that is a sweet looking coin........

 

its has rim scaring ... thats why they gave it diagnosis ... i can understand that but its is id say at least 65 outside of the rim scaring

 

Ok so a no problem MS65 is worth $42,500...

What would YOU price this one at?

 

Depends upon price paid

If it were me I'd start at 9300

My overall if I was a dealer is buy at 6500 list at 9300

 

This is an interesting thread and I'm not going to make a suggestion. A similar thread was on here a while back regarding barber half dollars and the concensus seemed to be that a details grade should be priced at around 30-50% of what it would be at the grade it would be otherwise. I've purchased details coins myself becuase I wouldn't be able to afford the coin in a non-details holder, so I'm curious to how this comes out.

 

Personally, it is a beautiful coin and if you didn't need the cash immediately, I'd list it at something higher than a different "details" coin so that you can look at it longer and perhaps get paid well too. Probably list at $9995 and let someone haggle you down to $9500.

 

Fair.............between $8,400 and $9,000.00 I'm certain that you would have made a decent profit re-selling this coin between those lines, and as a " Prospective " Buyer, that is where I would be comfortable negotiating with a Dealer. It's a great looking Coin, but let's remember it has some damage and other downside in terms of marketability. To echo previous comments, your " Buying " price I'm certain was/is a factor in determining your profit margin potential.

 

Probably around AU money, but I don't know what AU lists at.

 

Forgive me if I think the price reduction appears to have already been done when they called it MS60 which HAS to be a net grade due to the damage. Why discount it again?

10K-12K is ~20%-25% of the undamaged MS65 so that should be a great price and a good price ~30%-35% if it should be MS64 and net graded to MS60.

ps I'm not one of those who thinks what you paid is relevant to your asking price. Sometimes you buy well and sometimes you don't. Why give away money or tie it up in permanent inventory because you didn't buy right? Price it to sell after about ten to fifty looks, depending on your business model.

 

50 is $9,750 and 58 is $12,000

 

I personally think that the minor rim damage on this coin would not really scare off too many buyers. Yes it has a details grade, but it's not like a cleaning or scratch or something else that really affects the overall eye appeal of the coin. From what I have seen following auctions, Details coins that look good sell for way more than Details coins that don't.(Probably people planning on cracking and selling raw to unsuspecting customers). Depending on what was paid, I would list it at Low MS money, and give some room to haggle. Any way you slice it that is a nice looking coin.

 

Start it high, say 10500. An interested buyer very likely will point out the flaws and make a counteroffer.

The "lookie loos" will be eliminated.

Let a buyer haggle you down some to feel they got the best of the deal.

T don't think anyone who buys coins like this one expects to pay the asking price . If they are a buyer at 9, they would be interested in talking at 10- 10,5. I don't think you would scare many of them off. IMHO

gary

 

Cost plus fees plus 10%.
Edit to add that as a non dealer I would of never been in the market to acquire this type of coin so it's just a stab in the dark for me.

 

If it were just an uncirculated coin (62/3) I would go AU50. This appears to be a better than average uncirculated coin so I would shoot for something around AU55 price. Just guessing, but $10,750.

 

I would rather have a problem-free AU than a damaged MS. But that's not the answer to the question.

I would price it relative to what I paid, as LindeDad said. Or maybe consign it to Heritage where it will be seen by a large audience, and let the market decide its value.
Lance.

 

i f you paid less than 12.500 for it plus grading fees I ask for the 13.000+for it it last year no motto nothing looks to wrong with it somebody would buy it for that price

 

Pricing a coin by what you paid for it doesn't seem to make a lot of sense to me. For example the person I bought this from bought it raw and thought it was a no problem coin... He paid WAY too much for it yet he still considered my offer of much less then he paid for it fair.