So there's this 1867 $1 Seated Liberty coin I like (graded PR63 CAM by ANACS), but the asking price is more than I want to pay. I don't think he wants an offer, but I'd like to hear what y'all think and maybe I'll give him one anyhow. As the forum says... "What's it Worth?" Please don't just look in the redbook and quote a published price. Maybe I'm looking more for, "What would you pay?" If you don't mind telling me why you listed a price, that also would be helpful.
http://coins.heritageauctions.com/common/view_item.php?Sale_No=422&Lot_No=5225 Looks like the last one Heritage sold went for around $4k.... Speedy
If that coin is a PF-63 CAM, then I am seriously having trouble with my eyes! It appears that the coin may have some minor rim issues but it is one of the finest Seated Liberty Silver Dollars that I have ever seen and believe that it is closer to a PF-65 CAM. If you could provide some larger pics of the coin, then we could make a better assessment of the coin and really see it's true beauty. The Coin Values Magazine also give a $4,000 value on the coin in PF-63 but does not give a designation or value if the coin is a Cameo. The price jumps to $7,500 for a PF-64 and a whopping $15,000 for a PF-65. The Other, Other Frank
Frank: I don't see the rim issues that you mentioned, it looks (to me) more like rim toning. If there was a problem they would have noted it on the label, this is ANACS. I agree, very pretty, and probably Cameo. Worth a premium, but I'd still try to do better. Nice find.
Frank, It could be because the pics were taken of the coin in an ANACS holder or the angle the pics were taken at but it looks like slight rim damage to me! The rim issues that I can see, appears to be some rim compression running from slightly to the left and above Miss Liberty's head to just above the Flag on her' Staff. It appears that it may have been squeezed somewhat and is pressed inwards towards the ticking. Also, there appears to be some unevenness of the rim on the Reverse under "ONE DOLLAR" which is in the same area as the compression on the Obverse. The Other, Other Frank
Defintely a nice piece! After looking at the possible rim damage (compression) over and over again, it is quite possible that it was done during the striking of the coin. There appears to be no real damage but it still looks as if the rim is pressed inwards and slight overlaps a portion of the ticking. The Other, Other Frank
I personally don't see the issues you are talking about but... I do know that there is a slight amount of rim toning, not much (as you can tell). I only have the picture below (if that helps). He thought so too, but I've seen a couple PF64's and I'm not so sure this one is better than those. Don't get me started on the negotiable differences of a PF63-PF65. Anyhow, he's asking $3,450.
Well, I don't think it would grade less than 63, but if it does happen to grade more, then it wouldn't be something I'd buy. At ~$3.5K it would be the most expensive coin I'd have bought, but my concern is that I wouldn't be able to sell it for what I paid, should I ever need to sell it.
samjimmy, Although the latest picture that you posted is fairly small, it appears that what appeared to be minor rim damage in the original pics, may have been just the angle of the shot! PCGS values for the coin in PF-63 CAM is $3,600, in PF-64 CAM is $7,250 and in PF-65 CAM is $19,000. The history of the sale of 1867 Seated Liberty Silver Dollars in CoinFacts are quite a bit lower than the current in print values for the coin but the last coin in Proof 63 or better sold around 5 years ago. They apparently have not updated the website with any of the later auction prices for the coin. I have copied and pasted below the link that shows the sales history noted on CoinFacts. http://www.coinfacts.com/silver_dollars/seated_liberty_dollars/1867_silver_dollar.htm If you really want the coin, then tell the Coin Dealer that you are serious about purchasing the coin if he can get the price in a range that you can live with. If he then comes down in the a price closer to what you would want to pay, then you can still state that you will give him $X,XXX for the coin and see if he will take it. If not, then you can always weigh your options and if you feel that you can live with the lower price that he gave you, you can purchase the coin at that price. By all means, do not ask the Dealer to send the coin to NGC or PCGS to see if it will crossover at the current grade or even higher grade, since he may then really jack up the price! If you purchase the coin, then you then have the option to send it to PCGS or NGC to see if it will get the same grade or higher grade. Do not let them down grade the coin (which is highly unlikely but is always possible) just to get it into a PCGS or NGC slab. If you are sure that there is no damage whatsoever on the coin, then I would consider PCGS first and NGC second simply because of the history of prices realized for coins in PCGS slabs. Good luck! The Other, Other Frank
I tried to offer 3K, but didn't hear back from him (silence is an answer heh). I recently won a couple of things from him and offered $3,200... but before that he said lowest was $3,400. Haven't heard back yet, but I'm guessing it'll be another silent answer.
You've gotten quite a bit of advice, but the final decision must be yours - none of the rest of us will have any money invested in the coin whether or not you buy it. If he's expressed willingness to sell for $3,400, and either refused or failed to respond to lower offers, you have to decide whether or not it is worth that much to you .
