1852 n-23 large cent

what would be a fair price to pay for this r-5 coin? CQR says in average condition EAC XF45 its $900. http://www.coincommunity.com/forum/...IC_ID=251968 What would you grade it?

 

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This is what I found at your link.

 

see if this works better.

 

Still the same result.

 

replaced the link on original post and it seems to work now when I click on it

 

Why couldn't you just post the pics here?


I'm not too sure of it.

 

its a link to a coin that was posted at coin community. I am thinking about buying it.

 

Why isn't it in a slab?
I wouldn't lay out that kind of money on a raw one.
Too much of a risk.
That's just my opinion, though.

 

I don’t have CQR in front of my, but if you have the last version printed then you need to be really careful with coins like this. CQR is great for what it is, which is basically a listing of recent auction results for actual coins with a price model applied to those prices realized to fill in for grades that were not sold. Does that make sense?


If it does, you can see the problems that arise with coins like the N-23 from the last CQR. The last CQR was based heavily on the Dan Holmes sale, in part because that collection was so vast. This works for normal coins, but there are couple occasions where the auction record listed in the price guide, and hence the prices modeled, were taken from a coin with a very rare die state. So you may look at the pricing information on the N-23 and think that any old ef40 N-23 has a price of $900, but that price was the price realized for an ef40 N-23 in the extremely rare, as in 6 known, die state D. Your coin is die state B, which while still rare, is much more common.


There are a couple varieties where this type of pricing made it’s way into CQR, basically where the variety is overpriced according to the guide because the pricing was based on a significantly rarer die state. With that said, It’s a rare variety in a rare die state and there is a large collector interest for these types of coins. I were selling it and I thought it was a straight ef45 I would probably list it around $500.

 

It's raw because the person who bought it cherry picked it, and it's real.

 

Maybe so, but for that kind of money, I want it slabbed for authenticity, variety, and grade.

 

Yeah, i know that's the preference for most U.S. collectors, it was never mine and luckly still not for a decent chunk of large cent collectors. Its also what finally pushed me out of the U.S market...

 

would never pay close to 900 for it. Just curious about others opinions on real value. The seller bought it for $50 and now wants to sell. Obviously he wants to make a profit but I don't want to overpay either.