Neither of these coins are for sale. But, If I were to bring them in to a dealer...

Discussion in 'US Coins Forum' started by Eduard, Dec 15, 2019.

  1. Eduard

    Eduard Supporter**

    How much could I expect to be offered ?

    Really curious.

    Thanks!

    1794 cent S-28 OBV3 N VGP best- 1.jpg 1794 cent S-28 REV3 N VGP best .jpg

    1878-CC Half Dollar:
    1878 cc Half - original seller picture - 1.jpg
     
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  3. tibor

    tibor Well-Known Member

    Is the 1794 LC certified? If not 50-60% of F12-15 bid. The half is graded,
    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.
     
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  4. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes? Supporter

    Honestly, these are coins that I would not take to a dealer.

    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?
     
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  5. Eduard

    Eduard Supporter**

    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).
     
    Last edited: Dec 15, 2019
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  6. Eduard

    Eduard Supporter**

    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).
     
    Last edited: Dec 15, 2019
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  7. tibor

    tibor Well-Known Member

    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.
     
    Last edited: Dec 15, 2019
  8. longshot

    longshot Enthusiast Supporter

    "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.
     
    Last edited: Dec 15, 2019
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  9. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes? Supporter

    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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  10. Martha Lynn

    Martha Lynn Active Member

    Isn't that 1794 an off center strike ?
     
  11. alurid

    alurid Well-Known Member

    Not an off-center strike. just a mis-aligned die type of strike.
    Coins have to be missing some of the die design elements to be considered an off-center strike.
     
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  12. Mainebill

    Mainebill Wild Bill

    I would say the large cent around $800-1k would be fmv and the half seeing it’s graded already (my thought was 45too) between $3kAnd $420o looking at auction results for both. I like them both and would be happy to own either and that’s me speaking as a dealer. There’s a lot like me will pay up for quality not try to steal the stuff. I buy a lot from auctions and other dealers and want quality and rarity and eye appeal not cheap
     
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  13. Mainebill

    Mainebill Wild Bill

    By the way as far as the greysheet goes. I love buying quality coins at bid
     
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  14. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    @Eduard i would value your 1794 cent at $20.00 and the 1878-CC seated half at $30.00. Being that I feel generous today I will offer $100.00 for the lot and double your money!!:):):)

    In all seriousness, you have one of the finest collections I see here on CT. I love it when you post your coins for the rest of us to enjoy.
     
    Last edited: Jan 26, 2020
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  15. Eduard

    Eduard Supporter**

    I fully agree with you, @physics-fan3.14. IF I were ever to sell these, or most of my collection for that matter, my chosen venue would most likely be HA, Goldbergs, or one or two in the EU.

    I was curious how much a typical dealer would offer: if its 50-65 % of BID? sorry, no.
     
  16. Eduard

    Eduard Supporter**

    Than you, Randy!
     

    Attached Files:

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  17. imrich

    imrich Supporter! Supporter

    For the commodities I purchase, my "dealer" associates know that I'll pay 20% over C.D.N. bid for correctly graded material (i.e. published standards met). They pay C.D.N. or less, generally less than established dealer sales figures. They haven't any idea where realistic C.D.N. values are established.

    I generally can't locate any sellers at C.D.N. + 20%, but I often find a dealer who doesn't realize when a coin is CAC material, or market scarce. We then have a deal, and they "make my day". 2 times last/this-week with their "new material" from FUN.

    This week was FUN, but I haven't received both invoices yet!
     
  18. GDJMSP

    GDJMSP Numismatist Moderator

    That used to be the case but it isn't anymore, hasn't been for 4 or 5 years now. CDN, the greysheet, no longer list current Bid and Ask prices.

    That is correct. But in today's world the current Bid and Ask can only be accessed on the electronic dealer's market. The general public no longer has access to those current prices.

    Again correct. But with the more reputable dealers, that percentage is often quite low, around 10% or so give or take, with the more valuable coins. But the lower the value of the coin the higher that percentage has to get.
     
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  19. longshot

    longshot Enthusiast Supporter

    Thanks for getting me updated, @GDJMSP , I knew there had been changes but wasn't sure just what they were. I just obtained a copy the other day. Quite different than they used to be. So does anyone know how the listed prices correlate with the dealer network prices? (If I may be so bold?) My closest small time dealer uses his greysheet for pricing.
     
  20. GDJMSP

    GDJMSP Numismatist Moderator

    All I can tell you is what happened when the change was first made. At that time, the prices all jumped substantially from what they were in the previous edition.
     
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