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Is the market for Indian Head cents going up or down?
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<p>[QUOTE="Publius2, post: 7492811, member: 105571"]I think it's the latter. I have seen strong pricing for IHCs in better grades and better coins within the grade and now I am seeing strong pricing for even lesser coins. I'll give you an example. I've been looking for about 6 months now for the "right" 1891, a common date, in MS-64 or 65, preferably RB and an A or B coin. They seem to have been thin until the last couple of weeks and those that were offered in auction that met my grade criteria went for significant increases above the price guides. I have lost out on auctions where the A or B coin in 64RB, PCGS and NGC, went for well over $300, a significant premium over retail price guides. The April Greysheet says a 64RB should go for $225 and May says the same. The PCGS Retail price guide says $275. The CAC Retail Price Guide says a CAC coin in 64RB has a value of $325. I am seeing A and B non-CAC coins in 64RB going for these numbers if the coin warrants it. That tells me there are some discriminating collectors out there who are willing to pay a premium price for a non-CAC coin.</p><p><br /></p><p>Last Sunday's Great Collections auction had five 1891's up on the block. All were PCGS slabs and none were CAC. Only one of them seemed to me to be a B coin. All the others were C's or D's as near as I could tell from the auction photos. They hammered with 12.5% BP at:</p><p><br /></p><p>$274.50 for the B coin</p><p>$258.76</p><p>$274.50</p><p>$241.88</p><p>$254.25</p><p><br /></p><p>The fact that none of these coins went for around Greysheet is telling, IMO. So, I think the market for IHCs is strong, even for lesser coins for the grade. If you're looking for a key or semi-key date or issue you are also going to have to pay strong prices if you are discriminating for better coins for the grade.</p><p><br /></p><p>I'm still looking for that perfect 1877 in AU-55 that is not a EF-40 in AU-55 drag and doesn't cost me my children's entire inheritance. Good luck with that! I found the perfect coin in a recent coin show but it had an outrageous price. That dealer knew the market and was not going to give an inch.[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 7492811, member: 105571"]I think it's the latter. I have seen strong pricing for IHCs in better grades and better coins within the grade and now I am seeing strong pricing for even lesser coins. I'll give you an example. I've been looking for about 6 months now for the "right" 1891, a common date, in MS-64 or 65, preferably RB and an A or B coin. They seem to have been thin until the last couple of weeks and those that were offered in auction that met my grade criteria went for significant increases above the price guides. I have lost out on auctions where the A or B coin in 64RB, PCGS and NGC, went for well over $300, a significant premium over retail price guides. The April Greysheet says a 64RB should go for $225 and May says the same. The PCGS Retail price guide says $275. The CAC Retail Price Guide says a CAC coin in 64RB has a value of $325. I am seeing A and B non-CAC coins in 64RB going for these numbers if the coin warrants it. That tells me there are some discriminating collectors out there who are willing to pay a premium price for a non-CAC coin. Last Sunday's Great Collections auction had five 1891's up on the block. All were PCGS slabs and none were CAC. Only one of them seemed to me to be a B coin. All the others were C's or D's as near as I could tell from the auction photos. They hammered with 12.5% BP at: $274.50 for the B coin $258.76 $274.50 $241.88 $254.25 The fact that none of these coins went for around Greysheet is telling, IMO. So, I think the market for IHCs is strong, even for lesser coins for the grade. If you're looking for a key or semi-key date or issue you are also going to have to pay strong prices if you are discriminating for better coins for the grade. I'm still looking for that perfect 1877 in AU-55 that is not a EF-40 in AU-55 drag and doesn't cost me my children's entire inheritance. Good luck with that! I found the perfect coin in a recent coin show but it had an outrageous price. That dealer knew the market and was not going to give an inch.[/QUOTE]
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Is the market for Indian Head cents going up or down?
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