Was this a good deal?

I bought this for 15 dollars at a local dealer.
http://s766.photobucket.com/albums/xx302/miketmmil/?action=view&current=scan0002-1.jpg&newest=1
http://s766.photobucket.com/albums/xx302/miketmmil/?action=view&current=scan0001-1.jpg&newest=1

 

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Not really, considering how it looks, maybe worth about $5 or so.

 

Agreed. Did you check redbook on it?

What grade do You think it is?

 

Come on, even melted it's worth $6.67 based on today's metals prices. Based on it's condition and assuming it's a common date (I haven't checked) and what I've sold "junk" Barber coinage for in the past, I'd say it's worth $8-$10.

 

+1 on the $8-10! Ebay?

 

AG barber coinage is bringing melt these days and that's about it with silver up so high.

 

that Barber is AG.

No more than about $7 (considering that silver is about 13X face).

I could say that $10 would be high, but possibly fair.

But, $15, no way.

Next time that you want Barbers PM me.

 

Thanks for the info everyone.After viewing your responses I probably will not be going back to that dealer.

 

Or just upgrade your negotiating chip

 

That's about what I was going to say. I've recently sold several of these on Ebay and they all went for $5-$6 bucks.

 

You might want to invest in the official Red Book. I always have mine with me when looking to purchase coins at a show or shop I'm not familiar with. However, it's very important to find a dealer (shop) that you can count on to be straight with you. Finding a very knowledgable and fair shop owner is priceless. I found one and he has every and any coin I could possibly desire. If he doesn't have it he will get it for me. Good Luck! There are plenty of great dealers out there you just have to find the one nearest you.

 

I agree 100% with BNB, there is no need to ignore the dealer now. At ANY dealers shop you will find an overpriced coin somewhere. It would take anyone all of about 2 minutes to find one. Just practice your negotiating, and buy a few books before you buy a few coins.
There are always good deals to be found, you just have to know what you're looking for,

 

take it back to him and say you changed your mind, and if he asks why tell him that those are selling for about 7 just for silver content and a premium, if he refuses to refund your cash tell him you are just getting into coin collecting and it would be nice to find a dealer that stands behind his goods, you were hoping he might be that dealer but oh well ten bucks is a cheap price for someone to let you know that they are not a fair dealer, better to find out on a small purchase like that rather than on some 1000 dollar coin.

 

I think you overpaid by about $7+.

I would just put the coin in a 2x2, and consider it a cheap lesson that you shouldn't buy a coin unless you know its value beforehand.

 

Some dealers are just like that, normally when you buy more than one item, they might give discounts, just depends on the cost of the item.
Build a rapport with them, stick around, ask them how they are doing, laugh with them, tell them about your experiences, etc...