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<p>[QUOTE=&quot;LETSBUYCOINS, post: 186305, member: 2657&quot;]In my other thread, somebody posted links to three recent ebay auctions for the 1894.&nbsp;&nbsp; $345, 353, and $359.&nbsp;&nbsp; I conceded to overpaying at $385 for mine, which is a PCGS graded MS61.&nbsp;&nbsp; Yesterday another PCGS MS61 1894 $10 piece closed on ebay:&nbsp; AT $371!!!!!!!&nbsp; Im thinking maybe I hastily admitted to overpaying.&nbsp;&nbsp; Im firm in my conclusion that the book price of&nbsp; $400 is a fair price.&nbsp; &nbsp; It seems to be typical of coin and stamp collectors, that they always want to buy at a price lower that the book.&nbsp; People dont like the book prices.&nbsp; But the books are written by coin guys; some are dealers; some are collectors.&nbsp;&nbsp; Everybody is a collector is the collection is big enough in my opinion.&nbsp;&nbsp; The books price my $10&nbsp; piece at anywhere from $400 to $525.&nbsp;&nbsp; The coin tracks the price of gold?&nbsp; sure, probably it does.&nbsp;&nbsp; But the coin in even the lowest mint state condition, slabbed by a top-tier grading company has a numismatic premium above the gold spot..&nbsp;&nbsp; The short term fluctations cant really be given much credence.&nbsp;&nbsp; People who invest in the stock market are told not&nbsp; to pay much attention to&nbsp; short-term fluctuation.&nbsp; &nbsp; &nbsp;&nbsp; Ebay, and any auction, is part luck: right time of day, right day of the week.&nbsp;&nbsp; Like I said; another 1894 closed yesterday at $371.&nbsp;&nbsp; Same grade and slab as mine.&nbsp; &nbsp; On that basis I reject the comment from some others that I overpaid by $30 to $50 bucks.&nbsp; &nbsp; $400 is a fair ceiling for that coin.&nbsp; &nbsp; Plus nobody mentions any kind of mathamatical formula for applying numismatic value on top of the gold value.&nbsp; &nbsp; seems to me the 1894 gold $10 at MS61 is worth 1.33 Times the gold spot rate, based on prices I see.&nbsp; &nbsp; ...somebody said collectors dont care about price.&nbsp;&nbsp; Not true, or we would all be collecting soda-bottle caps.&nbsp; &nbsp;&nbsp; ...when I was six years old, one day I had a cardboard milk container cut in half.&nbsp; Inside I had a magnet, some&nbsp; soda-bottle caps, and a paperclip.&nbsp;&nbsp; That day&nbsp;&nbsp; I thought those few pieces of junk were the most amazing things in the world.&nbsp; &nbsp; Thirty years later I dont remember what I did with that stuff.&nbsp; I just remember that one afternoon playing with that stuff.&nbsp; &nbsp;&nbsp; But I digress.&nbsp; &nbsp;&nbsp; ...today I bought a 1942 walking liberty half dollar.&nbsp; $41.&nbsp; &nbsp; nice ondition.&nbsp; MS61?&nbsp; MS62?&nbsp; who knows.&nbsp;&nbsp; I went against my rule of buying only PCGS slabbed coins.&nbsp; But its my first venture into walking liberty coins.&nbsp; First one for the whitman holder that Ive had for 12 years.&nbsp;&nbsp; I reject that notion of buy the coin, not the slab.&nbsp;&nbsp; If its PCGS, I prefer the &quot;buy the slab&quot; mentality.&nbsp; Most dealers are prone to agreeing with the PCGS grade.&nbsp; ...otherwise, if the dealers had that &#039;buy the coin&quot; mentality, they would grade downwards to screw you out of money, then they pack the car for the next show across the state line, and bada-bing, they jacked up the grade to sell the coin and make a bundle.[/QUOTE]</p><p><br /></p>

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