If it was raw, I would say $8. Looking it up in the book and graded, $20. I don't think it's worth it to buy it graded.
I used Krause which is not usually accurate for pricing but is a good guide for relative value. It says $9 in VF, $45 in XF and $350 in UNC. I take that as $5/15/85.
You may also use the online free NGC World Coin Price Guide (prices compiled by Krause Publications' Numismaster) for a general idea - keeping in mind that for any price guide, actual values can vary wildly. You may also consider using completed auctions from ebay (make sure to use SOLD auctions for actual realized prices)/Heritage/Great Collections. To answer your actual question, I'd try to find one for melt price (if buying.) If selling, I'd list it somewhere near book value and consider reasonable offers. If I was the seller of this particular coin, I'd probably list it at $325 BIN/BO and my basement price would vary depending on how much I paid for it plus grading fees. Would it sell at $325? Who knows. I've listed world coins using that logic and had them sell within 3 minutes of listing (so, did I guesstimate too low? did I mis-read the price guide?) and I've listed some coins with what I thought were really low prices and not had them sell.
Thanks stldanceartist. I will likely list the coin on Ebay as BIN/BO at $325. I purchased it around a month ago on an ebay auction for far less than $325. Sent from my iPhone using Tapatalk
No offense meant to others posting, but at $325 even with a best offer option on eBay, I would be hugely turned off by such a wildly high price as a buyer. Do what you'd like, but if you purchased it on eBay in an auction a month ago you know better than any guide what it's actual value is. I mean, you paid $37...which anyone could find by searching eBay sold items. Just my two cents. I think selling philosophies vary a lot, but almost nothing sells for Krause guide in this market.
It is listed as $50 in XF and $400 in UNC. You coin is not UNC so there is no way it should come even close to $325. You would probably get a better price for it by starting it at 99 cents and letting the bidding go where it will.
And yet sometimes coins sell for much, much higher than Krause - so what's the harm in listing the already slabbed coin near a printed reference guide price and considering reasonable offers? Yes, I'd agree, some people will get turned off by a listing with a high price. And that's fine - I respect your choice to want a better deal than "retail." As I stated above, I am probably one of those people (when I wear my collector hat.) But I will say - as a seller of a valuable coin, you are looking for those people who aren't turned off by a BIN/BO coin listed near a price guide value. You also have to be prepared for the coin to sit there for a bit while your potential buyers find that coin, and you have to be prepared for different purchasing styles.
An AU58 is as close to MS60 (which is the UNC price) as you can get. No, it's not UNC according to the grade on the slab. But when you have such large distances between XF and MS60, you have to make educated guesses as to what the real market value of the coin should be (when you try to sell.) I think a .99 start auction is a terrible way to go with a coin like this unless you're using a major auction house or you are an eBay seller with a huge following. Good for bargain people, sometimes very bad for sellers. Would you rather list the coin at $325 and take $200 (a reasonable offer) or have the coin sell for just over melt (or, for $.99 minus fees) because eBay decided not to feature your auction that week? Or, you could have it listed as a BIN/BO and give collectors an opportunity to find your listing. I also recommended looking at a variety of past auction records. (Realizing that this is a very small sample size, but with world coins you often have to interpret very small sets of data) if you look the coin up in NGC's WCPG, you'll see that a set of AU coins sold in 2012 for $218.50 at a Heritage auction (of course, you'll also see that the was for TWO coins, a PCGS AU55 and an NGC AU58.) You'll also see an MS61 that sold in 2009 for $126.50, and an MS66 that sold in 2015 for $2,376.36: It's nothing personal - the owner of the coin has a coin that is already slabbed and has "some" price history. If it were me as the seller, again, I'd make an educated guess, list the coin as a BIN/BO, and listen to reasonable offers based on my purchase price of the coin. It's nothing personal. No one is "taking advantage" of anyone else. It's just using data to come to a reasonable conclusion. If the coin doesn't sell as a BIN/BO you will always have the option to try the auction.
Which is what the OP purchased the coin for a couple weeks back on eBay with better pics than he's using/showing here. Sure he could post it back on eBay as a BIN/BO for 10x what he paid and try to wait for some sucker to come around, or he could just sell it for a fair price (maybe to cover his cost plus a few bucks for shipping). Again, it's not clear what the motivation is here. It's not a $325 or even $200 coin by any rational stretch of the imagination.
I agree. While it is a nice coin not a lot of people collect aussie coins. So there just isn't the demand for that kind of price.
Yeah. What's going on with the World Coin market? I wish we had a CDN for World Coins... or at least the ones that I'm into!
One price which is ridiculous is the Liberia $20 0.9999 silver "coins" of the turn of the century. I've picked up a lot of these over the the years at melt value. I buy them strictly as an alternative form of bullion. They are 20 grams each, around $12 as today's silver price. but they catalog for $35-$45!
I agree with Rooman. There is a following for Australian coins but I think paying hundreds for this coin is crazy. You'd be paying for the slab because you can buy the coin raw for a lot, lot less.
I'm actually agreeing with you guys from a buyer's perspective. I think we are disagreeing from a seller's perspective, though. And that's okay.
