1896 Libety Nickel - What red book rating is this?

as is should be for retail v wholesale.


But wouldn't you like to buy gold at their prices?

 

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Call it grade. That is the proper term.

 

I bought a bit of silver recently from someone who was pricing it based on the 2009 Redbook. He probably never did figure out why his nickels and cents weren't selling, while his quarters and halves were going like hotcakes...

 

+1, unfortunately.

I might give you a quarter for the coin though.

 

I disagree 100% with never buy a coin like this. Yes, there are problems with this coin. It is definately corroded. But people pay 2 bucks a coin for V nickels where you cant read Liberty at all and little detail. This coin has plenty of detail. Dude, if you like this coin, awesome. I personally wouldnt pay more than 2 bucks for it due to the corrosion. Absolutely nothing wrong with buying it.

As for the red book thing. Really???? The prices are that high? Hmmm, I think not. 1916 D Buffalo nickel. First number 2011 Red Book, second is the April issue of Coin World (very often touted as the "bible" of coin values).
VG8- 28,28 F12- 30,30 VF 20- 45,40 EF 40- 90,80 AU 50- 120, 110. So, as you can see, The red book is the same in lower grades, and only a bit higher in higher grades. I can go to any show anywhere, any time and find a greater range of prices. And if you look at the silver coins, the Red Book is way low, obviously due to silver (which was why I was using a nickel as my example). And pretty much every non silver coin I looked at was the same. So may some of the prices be a bit higher than some other sources? Yep. But to make it sound like the Red Book prices are so high as to be gouging like gas prices, thats a bit much.

So given that, what source exactly is it that we need to be using that has prices that much lower? And quite frankly, I believe that prices as low as you folks are implying borders on devaluing the coins.

 

The only time I buy damaged coins is silver coins. Worth about 10 cents

 

Now why would you say that? PCGS, NGC, ANACS and ICG would certify that coin - unless it was a fake. Now I do not think it is worth the cost of certifying but that is a different issue.

Not to the OP - nothing wrong with buying that coin if you understand what you are getting and you get it at a fair cost. As for the grading I might net it a F details, but from what I could see it certainly looks to start around VF details. Enjoy and buy the best possible coin that fits your budget.

 

This is a great example of the difference between Detail Grade and Net grade. The initial responde of F12 to VF20 does not deduct for the corrosion which has occurred. I would say moderate to heavy which is an element of CONDITION rather than wear. I suspect the net grade would be in the G to VG range and that is where you would look for value in the Redbook.

I see Condor netted AG3 to G4 and I trust his judgment more than my own.