AU 58 values

I was hoping to tap this group for the vast amount of knowledge that is out there. I was looking to purchase an 1843 seated liberty dollar, slabbed and graded by NGC as an AU 58. Here in lies my question...
Grey sheet doesn't list AU 58 specifically for that type of coin. So, what's the best judge for pricing? I know that red book is nowhere near accurate, and Ebay hasn't had any sell. I unfortunately didn't take any pictures of the coin, but I was wondering what a fair purchase price would be. Any and all opinions are appreciated.

 

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Retail I say $1500.-1700. Depending on the specimen . And that depending would be eye appeal . Strike, any luster, color/tone.
good hunting!

 

I'm thinking it's in the $1200 to $1500 range.

 

Try eBay and Heritage sold values (Heritage is better).

 

Look at PCGS CoinFacts. Retail pricing plus auction sales for each grade.

 

$1500 max.

 

So, here she is:

Most of the visible scratches are on the holder.

 

Nice. A reholder is definitely in order with this coin, though.

 

Messy...Never thought about doing that. Pros vs cons??? I mean, is there a "value" to doing that?

 

Pros:
- You can see the coin better.
- Future buyers can see the coin better.
- Future buyers won't discount the coin by the amount it'll take to get it reholdered.
- The current holder is ugly.
Con:
- Postage will kill you on a single coin reholder submission, so you're probably best off grouping it with others or doing it at a show.

There's really no old holder premium associated with this generation of NGC holders, which in my opinion are the worst holders they've issued in terms of quality of materials.

 

I really like that coin.

 

Thank you... and the typical (but I don't know how else to say it) disclaimer: the photos don't do it justice! Couldn't capture the mirro effect in the fields for the life of me.

 

Just remember 1843 is one of the most common dates. I always look at what the next buyer is going to look for. Is it a date someone will find a must have? how much does the mirror like look make it look scruffy in pictures? will you be trying to resell via pictures. I always get wary when told a coin must be seen in person to appreciate.
I too would recommend a search on heritage. Look at coins of this date sold in last 2 years in this service holder. then compare. good luck either way. I like coin too by the way.

 

at the lower end..I aould say 875- 925..$$

 

I think I would buy every one you had for $875-$925... that's not realistic to the market whatsoever. But thank you for taking the time to respond.

 

Unfortunately, you bought a cleaned and overgraded coin.

The details might be of an AU-58, but is practically no luster on this coin, while an AU-58 should have nearly full luster. I also see a bunch of hairlines in the fields. Sure, you can say they are on the holder, but the pale steel-colored look is indicative of a cleaning. 150+ year-old silver coins should not look like that.

 

I love how you state that so mater of factly... having never seen this coin with the exception of 3 very quick photos and that we are somehow supposed to take your opinion over that of one of the top tier grading parties that has obviously looked at the coin and printed their opinion on the holder. Now, please spare me with the "NGC can get it wrong too" examples, because I've seen them and heard all of the stories. I just don't understand how people are so quick to talk down someone else's coins, simply because it's not their own. Thank you for taking time to provide your somewhat insulting opinion.

 

That coins not over graded and basically all seated stuff has been cleaned at some point in time, they didn't exactly have coin holders in the 1800s. Many collectors would be very happy with that dollar

 

Photos say a lot. I am just stating what I see. Being in a problem-free slab means nothing because both NCG and PCGS are VERY lenient with the originality of seated dollars. Just take a look around. I know a collector working on an AU set of seated dollars, and he is very frustrated with how many cleaned seated dollars are in problem-free holders. Original seated dollars are hard to find. It is not just my opinion. It is a fact.

The fact that it is not my coin means nothing. Even if it was mine, I'd still call it cleaned simply because it has been. I am fine with people pointing out problems with my coins as long as they can back up their assertions. I have given evidence to back up my opinion about your coin. Sure, it can be disappointing and painful (I have had my share when posting coins), but one's feelings do not change the presence/absence of problems on a coin.

 

Haha... thanks.