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Guess the Price--1950-D Jefferson Nickel NGC MS66*
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<p>[QUOTE="Lehigh96, post: 712376, member: 15309"]In my experience, the star designation does not on its own drive a price premium. However, the eye appeal of the star coins do drive a premium. Sometimes a huge premium. In this case, the seller's asking price is $1,000. This seller is a well established dealer and has thousands of coins available for sale. Here is a link to the item on E-Bay!</p><p><br /></p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fcgi.ebay.com%2F1950-D-JEFFERSON-5c-MS66-Star-NGC-Monster-Color_W0QQitemZ190340770727QQcmdZViewItemQQptZCoins_US_Individual%3Fhash%3Ditem2c5131aba7" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fcgi.ebay.com%2F1950-D-JEFFERSON-5c-MS66-Star-NGC-Monster-Color_W0QQitemZ190340770727QQcmdZViewItemQQptZCoins_US_Individual%3Fhash%3Ditem2c5131aba7" rel="nofollow">http://cgi.ebay.com/1950-D-JEFFERSON-5c-MS66-Star-NGC-Monster-Color_W0QQitemZ190340770727QQcmdZViewItemQQptZCoins_US_Individual?hash=item2c5131aba7</a></p><p><br /></p><p><br /></p><p>I have purchased a coin from this dealer in the past. In that case, the price was also very high, but I really liked the coin so I paid it. Here are some photos of the coin I purchased in the past, a 1948-D NGC MS66* Jefferson Nickel for $325</p><p><br /></p><p>His photo:</p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/JeffersonNickel1948-DNGCMS66Star.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>My photo:</p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JeffersonNickel1948-DNGCMS66StarH.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>As you can see, his photos are much better than your typical E-Bay seller. He has some trouble getting enough light on the coin, but overall the photo is still an accurate representation of the coin since the toning is iridescent. I paid 15X wholesale value ($21) for this coin which I think is about $100 over what it is really worth. This coin would sell consistently for 10X wholesale ($200) in auction with quality photos and a large bidder pool. The point is that on any given day, a collector might pay a huge premium if the coin really strikes him.</p><p><br /></p><p>Lets get back to the 1950-D he has for sale. He obviously pays handsomely for his toned coins and then prices them extremely high in the hopes that he can catch the proverbial whale. My guess is that he paid between $300-$400 for this coin which is an accurate estimate of the market price of the coin (8-10X wholesale). By placing an extremely high sale price (25X wholesale), he is hoping that any interested collector will be unwilling to make a lowball offer of $300-$400 and will instead feel compelled to offer $500-$600 for the coin. Either way, he will most certainly make a tidy profit on the sale of the coin. It appears that he has a very large inventory and can afford to have some of his coins priced like this and still maintain cash flow. I will keep an eye on this coin. If it is still in his inventory 6 months from now, it might be time to make a lowball offer.</p><p><br /></p><p>For my fellow Cointalk members who really think the original coin in this thread is worth $50-$75, I would like to present you with a comparison. The same seller has another MS66 1950-D toned Jefferson Nickel for sale for $65. Personally, this coin is a little overpriced and I would not pay more than $50 for it. But when you look at these two coins side by side, it becomes evident that they should not be in the same price range.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/JeffersonNickel1950-DNGCMS66.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/JeffersonNickel1950-DNGCMS66Star.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The first coin is nicely toned. The second coin displays dramatic rainbow toning that is extremely rare for a regular issue Jefferson Nickel. I am in the process of researching and studying the historical sales of such coins and I can tell you how difficult they are to locate in auction archives much less available on the open market.</p><p><br /></p><p>What is this coin worth? Let's watch and see, but my guess is that it will sell for $400-$500 sometime during the next year.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 712376, member: 15309"]In my experience, the star designation does not on its own drive a price premium. However, the eye appeal of the star coins do drive a premium. Sometimes a huge premium. In this case, the seller's asking price is $1,000. This seller is a well established dealer and has thousands of coins available for sale. Here is a link to the item on E-Bay! [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fcgi.ebay.com%2F1950-D-JEFFERSON-5c-MS66-Star-NGC-Monster-Color_W0QQitemZ190340770727QQcmdZViewItemQQptZCoins_US_Individual%3Fhash%3Ditem2c5131aba7"]http://cgi.ebay.com/1950-D-JEFFERSON-5c-MS66-Star-NGC-Monster-Color_W0QQitemZ190340770727QQcmdZViewItemQQptZCoins_US_Individual?hash=item2c5131aba7[/URL] I have purchased a coin from this dealer in the past. In that case, the price was also very high, but I really liked the coin so I paid it. Here are some photos of the coin I purchased in the past, a 1948-D NGC MS66* Jefferson Nickel for $325 His photo: [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/JeffersonNickel1948-DNGCMS66Star.jpg[/IMG] My photo: [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JeffersonNickel1948-DNGCMS66StarH.jpg[/IMG] As you can see, his photos are much better than your typical E-Bay seller. He has some trouble getting enough light on the coin, but overall the photo is still an accurate representation of the coin since the toning is iridescent. I paid 15X wholesale value ($21) for this coin which I think is about $100 over what it is really worth. This coin would sell consistently for 10X wholesale ($200) in auction with quality photos and a large bidder pool. The point is that on any given day, a collector might pay a huge premium if the coin really strikes him. Lets get back to the 1950-D he has for sale. He obviously pays handsomely for his toned coins and then prices them extremely high in the hopes that he can catch the proverbial whale. My guess is that he paid between $300-$400 for this coin which is an accurate estimate of the market price of the coin (8-10X wholesale). By placing an extremely high sale price (25X wholesale), he is hoping that any interested collector will be unwilling to make a lowball offer of $300-$400 and will instead feel compelled to offer $500-$600 for the coin. Either way, he will most certainly make a tidy profit on the sale of the coin. It appears that he has a very large inventory and can afford to have some of his coins priced like this and still maintain cash flow. I will keep an eye on this coin. If it is still in his inventory 6 months from now, it might be time to make a lowball offer. For my fellow Cointalk members who really think the original coin in this thread is worth $50-$75, I would like to present you with a comparison. The same seller has another MS66 1950-D toned Jefferson Nickel for sale for $65. Personally, this coin is a little overpriced and I would not pay more than $50 for it. But when you look at these two coins side by side, it becomes evident that they should not be in the same price range. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/JeffersonNickel1950-DNGCMS66.jpg[/IMG] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/JeffersonNickel1950-DNGCMS66Star.jpg[/IMG] The first coin is nicely toned. The second coin displays dramatic rainbow toning that is extremely rare for a regular issue Jefferson Nickel. I am in the process of researching and studying the historical sales of such coins and I can tell you how difficult they are to locate in auction archives much less available on the open market. What is this coin worth? Let's watch and see, but my guess is that it will sell for $400-$500 sometime during the next year.[/QUOTE]
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Guess the Price--1950-D Jefferson Nickel NGC MS66*
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