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How much would you pay for this 1935 Australian Shilling?
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<p>[QUOTE="stldanceartist, post: 2663581, member: 13307"]An AU58 is as close to MS60 (which is the UNC price) as you can get. No, it's not UNC according to the grade on the slab. But when you have such large distances between XF and MS60, you have to make educated guesses as to what the real market value of the coin should be (when you try to sell.) I think a .99 start auction is a terrible way to go with a coin like this unless you're using a major auction house or you are an eBay seller with a huge following.</p><p><br /></p><p>Good for bargain people, sometimes very bad for sellers. Would you rather list the coin at $325 and take $200 (a reasonable offer) or have the coin sell for just over melt (or, for $.99 minus fees) because eBay decided not to feature your auction that week? Or, you could have it listed as a BIN/BO and give collectors an opportunity to find your listing.</p><p><br /></p><p>I also recommended looking at a variety of past auction records. (Realizing that this is a very small sample size, but with world coins you often have to interpret very small sets of data) if you look the coin up in NGC's WCPG, you'll see that a set of AU coins sold in 2012 for $218.50 at a Heritage auction (of course, you'll also see that the was for TWO coins, a PCGS AU55 and an NGC AU58.) You'll also see an MS61 that sold in 2009 for $126.50, and an MS66 that sold in 2015 for $2,376.36:</p><p><br /></p><p>[ATTACH=full]591497[/ATTACH]</p><p><br /></p><p>It's nothing personal - the owner of the coin has a coin that is already slabbed and has "some" price history. If it were me as the seller, again, I'd make an educated guess, list the coin as a BIN/BO, and listen to reasonable offers based on my purchase price of the coin.</p><p><br /></p><p>It's nothing personal. No one is "taking advantage" of anyone else. It's just using data to come to a reasonable conclusion. If the coin doesn't sell as a BIN/BO you will always have the option to try the auction.[/QUOTE]</p><p><br /></p>
[QUOTE="stldanceartist, post: 2663581, member: 13307"]An AU58 is as close to MS60 (which is the UNC price) as you can get. No, it's not UNC according to the grade on the slab. But when you have such large distances between XF and MS60, you have to make educated guesses as to what the real market value of the coin should be (when you try to sell.) I think a .99 start auction is a terrible way to go with a coin like this unless you're using a major auction house or you are an eBay seller with a huge following. Good for bargain people, sometimes very bad for sellers. Would you rather list the coin at $325 and take $200 (a reasonable offer) or have the coin sell for just over melt (or, for $.99 minus fees) because eBay decided not to feature your auction that week? Or, you could have it listed as a BIN/BO and give collectors an opportunity to find your listing. I also recommended looking at a variety of past auction records. (Realizing that this is a very small sample size, but with world coins you often have to interpret very small sets of data) if you look the coin up in NGC's WCPG, you'll see that a set of AU coins sold in 2012 for $218.50 at a Heritage auction (of course, you'll also see that the was for TWO coins, a PCGS AU55 and an NGC AU58.) You'll also see an MS61 that sold in 2009 for $126.50, and an MS66 that sold in 2015 for $2,376.36: [ATTACH=full]591497[/ATTACH] It's nothing personal - the owner of the coin has a coin that is already slabbed and has "some" price history. If it were me as the seller, again, I'd make an educated guess, list the coin as a BIN/BO, and listen to reasonable offers based on my purchase price of the coin. It's nothing personal. No one is "taking advantage" of anyone else. It's just using data to come to a reasonable conclusion. If the coin doesn't sell as a BIN/BO you will always have the option to try the auction.[/QUOTE]
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How much would you pay for this 1935 Australian Shilling?
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