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Guess the Price; what's a reasonable markup for coin regraded up one notch?
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<p>[QUOTE="calcol, post: 2588394, member: 77639"]The free-market answer is as much as possible. Another answer along the same line is the amount in retail price guides for coin in the new grade.</p><p><br /></p><p>It gets trickier from both a buyer's and dealer's perspective for pricier coins that are thinly traded, like rare varieties or patterns. Following scenario actually happened: A dealer buys a copper coin for $10K in an auction. It's PCGS 65RB with a CAC sticker. Dealer has it regraded, and it gets a 66RB, but CAC won't sticker it now. It's thinly traded, so price guides are useless. There are no recent auction records of a 66RB; about 20 years ago a couple sold for $10K. 65RB's appear at auction every 3-4 years and in the last 15 years, have brought $6-10K. A few 65RD's and 66RD's (top of pop) have been sold, but for much higher prices than 65RB's and 66RB's.</p><p><br /></p><p>Assuming you had the money and wanted the coin, how much would you pay for the 66RB, or if a dealer, how much would you ask?</p><p><br /></p><p>Later, I'll post the dealer's asking price and other info. It's still available. And no, I'm not considering buying it, just happened to see it in an auction and later in the dealer's inventory.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2588394, member: 77639"]The free-market answer is as much as possible. Another answer along the same line is the amount in retail price guides for coin in the new grade. It gets trickier from both a buyer's and dealer's perspective for pricier coins that are thinly traded, like rare varieties or patterns. Following scenario actually happened: A dealer buys a copper coin for $10K in an auction. It's PCGS 65RB with a CAC sticker. Dealer has it regraded, and it gets a 66RB, but CAC won't sticker it now. It's thinly traded, so price guides are useless. There are no recent auction records of a 66RB; about 20 years ago a couple sold for $10K. 65RB's appear at auction every 3-4 years and in the last 15 years, have brought $6-10K. A few 65RD's and 66RD's (top of pop) have been sold, but for much higher prices than 65RB's and 66RB's. Assuming you had the money and wanted the coin, how much would you pay for the 66RB, or if a dealer, how much would you ask? Later, I'll post the dealer's asking price and other info. It's still available. And no, I'm not considering buying it, just happened to see it in an auction and later in the dealer's inventory. Cal[/QUOTE]
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Guess the Price; what's a reasonable markup for coin regraded up one notch?
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