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<p>[QUOTE="John Feigenbaum, post: 2564391, member: 76831"]Burton, These scarce, low mintage 3-cent silver are among the most frustrating coins to price. Like AU58-graded coins, often circ example can sell for more than mint state because collectors sometime prefer a choice XF to a shiny MS61, etc. </p><p><br /></p><p>The best I can tell you in cases like this is we watch for new transactions and react accordingly. From a buyer's perspective don't overpay. Just be patient. I think it's more likely that the ebay coin is overpriced than demand isn't there. Collectibles, like coins, sell for whatever a buyer is willing to pay to a willing seller. There's no magic in the Greysheet numbers to provide a coin at a certain price. We are only trying our best to give an indication to help buyers and sellers come together. If we are lucky, we learn about such transactions and represent them on our sheets. </p><p><br /></p><p>FYI, I have attached a screen shot of the CDN Exchange (dealer only) screen for the 1870 3-cent silver to show recent auction records for this coin and I'm not convinced at this time that modifying our bid levels is warranted. Heritage just sold a green-label PCGS AU55 for $1,087 in their live auction in September. </p><p><br /></p><p>Also, you will be interested to see that no less than (6) AU55 examples have been sold at live auction this year alone. All in a similar price ranges. Maybe not as rare as you think...</p><p><br /></p><p>Thanks, John</p><p><br /></p><p><br /></p><p>[ATTACH=full]553342[/ATTACH] [ATTACH=full]553343[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="John Feigenbaum, post: 2564391, member: 76831"]Burton, These scarce, low mintage 3-cent silver are among the most frustrating coins to price. Like AU58-graded coins, often circ example can sell for more than mint state because collectors sometime prefer a choice XF to a shiny MS61, etc. The best I can tell you in cases like this is we watch for new transactions and react accordingly. From a buyer's perspective don't overpay. Just be patient. I think it's more likely that the ebay coin is overpriced than demand isn't there. Collectibles, like coins, sell for whatever a buyer is willing to pay to a willing seller. There's no magic in the Greysheet numbers to provide a coin at a certain price. We are only trying our best to give an indication to help buyers and sellers come together. If we are lucky, we learn about such transactions and represent them on our sheets. FYI, I have attached a screen shot of the CDN Exchange (dealer only) screen for the 1870 3-cent silver to show recent auction records for this coin and I'm not convinced at this time that modifying our bid levels is warranted. Heritage just sold a green-label PCGS AU55 for $1,087 in their live auction in September. Also, you will be interested to see that no less than (6) AU55 examples have been sold at live auction this year alone. All in a similar price ranges. Maybe not as rare as you think... Thanks, John [ATTACH=full]553342[/ATTACH] [ATTACH=full]553343[/ATTACH][/QUOTE]
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