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<p>[QUOTE=&quot;ToughCOINS, post: 3384383, member: 20480&quot;]It is important to be able to make informed decisions.&nbsp; Unfortunately, one cannot do so without adequate information.&nbsp; Looking up prior prices realized is insufficient all by itself.&nbsp; If one uses prior prices realized, then one must also understand what factors determined those prices.&nbsp; Following are some factors that must be considered:</p><ul> <li>Quality advertising/attendance (no interested parties, all dealers/no collectors)</li> <li>Timing in market cycle (is enthusiasm high or low for the coin at the time?)<br /> </li> <li>Quality within the assigned grade</li> <li>Characteristics for the issue (exceptional luster, reflectivity, strike or surfaces)<br /> </li> <li>Special attributes (a better variety or rare die state)</li> </ul><p>Assigning value is one of the most complicated parts of collecting and those who blindly trust price guides run a greater risk of paying too much or offering too little for the coins they want.</p><p><br /></p><p>Is the $55,000 figure too high?&nbsp; From what I can see in the images, perhaps not.&nbsp; The coin is exceedingly well struck for a date which is plagued by weak strikes, intensely lustrous, and modestly marked.&nbsp; </p><p><br /></p><p>Would I spend $55K for that coin?&nbsp; No, but one did , and another almost did, and that says something.[/QUOTE]</p><p><br /></p>

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