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How do put a value on Proof-Like coins?
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<p>[QUOTE="GDJMSP, post: 1837888, member: 112"]I'd do the same thing I do with any coin, I first check the records on Heritage. I did just that with the coin you mentioned - there are none. And not just for that date, but in any date. I found that odd.</p><p><br /></p><p>So I checked the NGC pops. NGC list a few PL coins for dates from 1892 to 1902, but none beyond that. PCGS doesn't list any that I could find, but I don't have access to their most up to date pops.</p><p><br /></p><p>So what do ya do ? Well, about all you can do is guess. When it comes to coins that are true rarities, or condition rarities, it's often difficult to estimate value because the market is so thin. At that point it becomes more a matter of how badly a collector wants a given coin and how deep his pockets are. </p><p><br /></p><p>It is not unusual to see rarities sell for double their previous sale number, or the opposite, half their previous sale number. I have seen it happen both ways, even when the two sales in question occurred in the same year.</p><p><br /></p><p>So it is always a guess, a crap shoot, when you are talking about thinly traded coins. There just aren't enough records to establish a market for those coins. And the few records that do exist, are based on the whim of a particular collector at a particular time.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1837888, member: 112"]I'd do the same thing I do with any coin, I first check the records on Heritage. I did just that with the coin you mentioned - there are none. And not just for that date, but in any date. I found that odd. So I checked the NGC pops. NGC list a few PL coins for dates from 1892 to 1902, but none beyond that. PCGS doesn't list any that I could find, but I don't have access to their most up to date pops. So what do ya do ? Well, about all you can do is guess. When it comes to coins that are true rarities, or condition rarities, it's often difficult to estimate value because the market is so thin. At that point it becomes more a matter of how badly a collector wants a given coin and how deep his pockets are. It is not unusual to see rarities sell for double their previous sale number, or the opposite, half their previous sale number. I have seen it happen both ways, even when the two sales in question occurred in the same year. So it is always a guess, a crap shoot, when you are talking about thinly traded coins. There just aren't enough records to establish a market for those coins. And the few records that do exist, are based on the whim of a particular collector at a particular time.[/QUOTE]
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