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<p>[QUOTE=&quot;dougsmit, post: 2622941, member: 19463&quot;]I remain bothered by the idea that these coins are &#039;worth&#039; any specific number.&nbsp; In some circles, a rare coin is worth no more than face value or melt which makes an EF Nero worth the same as a couple 1964 dimes.&nbsp; On TV there is a show where &#039;Pickers&#039; go into junk filled outbuildings and buy rusted motorcycle parts because they believe they can find someone willing to pay them for their trouble.&nbsp; Coin dealers work the same way.&nbsp; They believe they can get you to pay them more than they paid.&nbsp; Often they are right.&nbsp; Others soon find another line of work.&nbsp; </p><p><br /></p><p>Look at the prices realized of any public auction and try to make sense of the sales between 60% and 600% of estimate.&nbsp; My last outing in the auction world saw me pay more than anyone else thought the coins were worth.&nbsp; If they thought the things were worth more, they would have outbid me. </p><p><br /></p><p>I&#039;m one of the ignorant advisers mentioned here.&nbsp; I can only advise based on what purchases have made me happy and which has brought me sorrow or boredom. The fact that you can resell a piece of rotten metal to someone dreaming of making a motorcycle; the fact there is someone out there who believes half a coin is worth half the price of a whole one; the fact that some lots sell for many times any reasonable estimate --- these have no bearing on value and may or may not apply to the next sale of the item.&nbsp; If the coin gives you enjoyment, pay 600% estimate and be glad you have what thrilled you; if it does not, I suspect there was a reason no one else bid the 60%.&nbsp;&nbsp; I could not be a dealer. I could not look someone in the face and tell them they should pay 600% for coins just because I own them.[/QUOTE]</p><p><br /></p>

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