Well, Its got a grade of 8 on it. Can't I GET SOMEKIND OF ADVICE? Or whats this site for? It hasn't helped me at all!!
Yes, the details grade 8, but what does the scratch look like? Seeing the reverse is a very important piece in info to determining the value on a normal coin (knowing it is grade 8 or not), but when it says there is some kind of problem there, it becomes imperative.
After standing on my head to see you picture, I cannot really find one that badly scratched to compare it to. Comparable coins with significantly less scratching go for about $600. Just a swag, but I think your would be on the low side of $500. Now, does that also answer your other question?
I can buy the coin at 400.00. Would that be a good buy? And don't be mean to me. I am haveing a hard time with this new hobby.
I am not sure just what you mean "good buy". If your intentions are to sell it at a profit (including fees) on eBay, I would say your odds are 50/50. If you are adding it to you collection, there are probably 50% of the collectors out there who would not touch this coin because of the scratch. Not sure where you fall into that category. If you are saying that I do want to pay something that is way too much for that coin, you probably should be alright.
It's a fair price... but that coin is always going to be HARD to sell because of the scratch. It just depends on if you can be happy with a problem coin or not.
I think you've confused this site with a dealership! (I'm picturing you saying that while ringing a bell!) If I wanted this coin for my collection, I would pay a little bit less, be happy that I know it's authentic, and break it out of the holder to put in my Whitman so I couldn't see its back!
No offense intended - I seriously mean that - if you are undertaking a NEW hobby by considering such a significant purchase, you should stop, right now. Read this forum a lot. For about a month. Buy nothing. Then jump in feet first! Maybe this amount of money is not significant to you, but 400 bucks is about 80% of a week's pay for me. If you have real money at your disposal, don't go for junk like this. AT ALL. Joe
Ambrola, I suggest that you get a book on coins, say the Red Book, if you do not already have one, and research any coin your thinking of purchasing. That is even if your a dealer or collector. I started out just buying and paying what i felt was right. years later hard times hit and i had to sell. I did not even come close to getting what I paid. My loss. However thanks to many on here and other places i have learned a lot about this wonderful hobby. And you can to. Just be wiser then I and do some research before you buy Regards, Stan
The price isn't bad if you can deal with the bad scratch. RLM more or less covered the fact that after fees, etc., a resell would probably not go for much profit. If you intend to be a collector far into the future, you will be happier if you find an undamaged certified coin, as you can admire it better and resell it for more profit IMO. And I speak from experience about buying a "so-so" coin and much later realizing that I want an undamaged one, and when trying to sell the damaged one, It is very hard to reclaim the value. FWIW. Jim
Ambrola, first...welcome to the forum as for buying this coin, I would be very carefull. Coins in lower grades are hard to turn, plus the scratch doesn't help. Coin book price guides will give you high figures for this coins value, but that is retail , and in the real world buyers will offer you at least 30% less than that amount. Best regards,
I was leaning on the side of not buying the coin. But it is a hard one to get. I think I will wait, and if I have to pay 500.00 for a better coin, the better I will be.
