Discussion in 'US Coins Forum' started by Eduard, Dec 15, 2019.
1878-CC Half Dollar:
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so there again I would think 60-65% of bid. You may think that I'm being
unrealistic, but the dealer has to make some profit along with giving an
appropriate discount. When buying coins everyone expects a discount.
I would consign them to a Heritage auction. You'll make more. Heritage will take 10% off the hammer, but that will be less than a dealer.
The cent is VF details and would probably hammer around $750.
The Half looks to be an EF-45 (maybe AU?). If it is EF, hammer might be somewhere around $5k, if it is AU maybe $6500?
Thank you Tibor. So, In the U.S 50-65% of Bid would be about what I should expect to be offered by a dealer? That is very interesting. By 'Bid' you mean Catalogue, like the Red Book?
It would be about the same in Germany. (Less if they could get away with it).
Thank you! I agree, These coins, if I ever sell them, would be best sold at auction.
I just wanted to understand what would happen at the dealer level.
(By the way, the Half is graded NGC 45).
By bid , I am referring to the Coin Dealer Newsletter, better known as the " Grey Sheet". The "Red Book" is only used for mintage figures. The prices listed in it a year old. By the time you receive the newest edition prices could have changed dramatically.
"Bid" would be referring to the Coin Dealer Newsletter, aka greysheet prices, which would already be something less than retail. My understanding is that the bid and ask prices are used for dealer to dealer transactions, and dealers often will pay some percentage of bid when buying from the public.
I think the percentage of bid, or the grey sheet value, that you could expect to get would vary widely based on the type of material you have.
For a damaged 1794 cent which is raw, 50% might be what I'd expect. The dealer would need to get it certified (most likely), and a details coin will be harder to sell (even for a 1794 copper, where people are more forgiving of that sort of thing).
However, that half dollar would be very, very easy to sell, so I'd expect the dealer would make a much stronger offer. It is graded, it is attractive, there's just one small scratch, it is a CC, it is a very scarce date.... it would be every dealer's dream to offer material like this. They'd probably offer more likely 80% of greysheet, maybe even more.
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