My brother in law purchased a 1950 D Franklin half. He sent the coin to PCGS and it came back certified MS 66 FBL. He told me last night that he will put the coin up for sale in his store for around $1500.00. I think the asking price is to low. On the other hand he thinks that the price may be to high. What do think? Lou
1950 D Franklin, current Trends = $4500. But that is wishful thinking. Way too high and just a result of some promoters. $1500 would be much more fair.
A few recent Heritage auction results for 1950-D 50C MS66 Full Bell Lines PCGS: July 11, 2006 $1,725.00 June 3, 2006 $1,495.00 June 3, 2006 $1,840.00 January 7, 2006 $3,450.00 $1500 sounds very reasonable, maybe even a little bit on the low side.
It depends on how fast he wishes it to sell. Going rate on Heritage is about $1700, but if he ask that much he may be holding the coin for a while. If he ask $1500, it might sell quickly.
From a business perspective [not necessarily a coin perspective], the ability to turnover the inventory will greatly increase profitability over time. So if his purchase price is far below $1,500, which you don't indicate, that might be the way to price it.
"My brother in law purchased a 1950 D Franklin half. He sent the coin to PCGS and it came back certified MS 66 FBL" So, he probably paid a nice low price for the piece, uncertified. The Other Frank
My brother in law said he hopes he can make about $200, if he sells it for $1,500 and I think he'll try for a quick turnover. Thank you all. Lou
