Opinion, Please - Price Considering Rarity

Discussion in 'Coin Chat' started by kanga, Feb 23, 2017.

  1. kanga

    kanga 65 Year Collector

    COIN: Capped Bust Quarter
    CONDITION: Raw; Cleaned?
    GRADE: VG-8 (IMO)
    RARITY: 76-200 Known

    CoinWorld prices a VG-8 at $110.
    Considering the rarity factor what do you think would be a reasonable price?
     
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  3. spirityoda

    spirityoda Coin Junky

    post a pic of it
     
  4. Conder101

    Conder101 Numismatist

    Well considering a population extimate of 76 to 200 means an R-4 and most series collected by variety by specialists don't start bringing a significant premium over a common variety until they are R-5 I wouldn't expect much premium over the regular list price.

    There ARE exceptions to this when for some reason the variety is an unusually popular one. In those cases you can get high premiums for lower rarity varieties.
     
    Last edited: Feb 23, 2017
  5. C-B-D

    C-B-D Well-Known Member

    These aren't highly collected for rarity. But if it was an R.4 or even R.5 that I needed, but in possibly cleaned VG, I'd certainly try to get it for $80 or less.
     
  6. GDJMSP

    GDJMSP Numismatist Moderator

    It really depends on what variety it is. The B3, B7, and B9 all have an R4 rarity rating. And there may well be other varieties that are an R4 as well.

    That said, the most recent examples of all 3, all in VG8, sold on Heritage vary in price - $79, $345, $977 - and 2 of those were problem coins. But those sales were not really "recent", the most recent was in 2009, and values have dropped significantly since then.

    The point being, provide the date and the variety for the coin and then somebody might be able to give you a meaningful answer.
     
  7. kanga

    kanga 65 Year Collector

  8. ksparrow

    ksparrow Coin Hoarder Supporter

    If I really, really wanted it.. had been looking for a while and could not find one.. I'd go 50% over retail. There are no rules in variety collecting, it's about availability and desire, and patience.
     
  9. kanga

    kanga 65 Year Collector

    The description appears correct (1935 B-8, Rarity 4+).

    I just sent 3 other varieties to PCGS for attribution.
    If I'm correct I will have 32 out of 36 varieties of the reduced size (1931-1938).

    This one is the least rare of the 4 remaining that I need.

    And I have my eye on another, a 1931 B-7, Rarity 5+.
    But it appears to be an even lower grade with considerable damage.
    That would be acceptable as a hole filler BUT the asking price is ridiculously high.
    I'll keep an eye on it and hope it gets relisted for something reasonable.
    Plus I've got the Baltimore Whitman show coming up 31 March, and I know who to go to to see what's available.
     
  10. Paul M.

    Paul M. Well-Known Member

    I think I'd give that one a pass. I'm not sure if it's cleaned or has environmental damage, but I really don't like the looks of the surfaces. Unless you think it will be a few years before you come across a better one, I'd just wait for another one to come along.
     
  11. baseball21

    baseball21 Well-Known Member

    Since you're the one hunting one, how often have you seen them come up for sale?
     
  12. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Just to keep my head from blowing up, you mean 1 **8** 35 and 1 **8** 31 not 1 **9** 3x.

    Because I would think a 1935 Capped Bust would be R10 or rarer...
     
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  13. kanga

    kanga 65 Year Collector

    First one I've encountered.
    At worst it will be a hole-filler.

    First one I've encountered.

    Senior moment.
    I seem to be getting more and more of them.
     
    Paul M. likes this.
  14. GDJMSP

    GDJMSP Numismatist Moderator

    Well the coin you were asking about is sold now so that renders that much of it moot. But Kanga let me ask you a question, are you sure enough in your ability to be able to correct identify the various varieties ? If you are, that's fine then. But if you aren't, well I sure wouldn't believe the folks on ebay selling raw coins.
     
  15. kanga

    kanga 65 Year Collector

    I'll give you 3 guesses who bought the coin; the first 2 don't count.

    As for IDing the varieties correctly so far I've been 100% correct.
    Very few have had the Browning number attached so I've had to do the work.
    Out of the 29 I've got in hand about 25 weren't IDed and I haven't had to say "RATS, I got it wrong" yet.
    In a month or so I'll get the latest 3 back from PCGS and I don't anticipate any problems.

    But this newest one has put me to the test.
    It's the lowest grade that I've bought so far.
    I'll accept a graded DETAILS coin with the variety number I believe it to be.
    Of course if the coin has original surfaces so much the better.
     
  16. okbustchaser

    okbustchaser I may be old but I still appreciate a pretty bust Supporter

    In general, I agree with you not to trust ebay sellers (or any other sellers for that matter) but in this case the attribution is correct.
     
  17. GDJMSP

    GDJMSP Numismatist Moderator

    The warning is as much if not more for others who read it, not just Kanga ;)
     
  18. coinsareus10

    coinsareus10 Well-Known Member

    If it matters...the coin looks harshly cleaned.
     
  19. baseball21

    baseball21 Well-Known Member

    That's what I was curious of. A decent amount of things their availability seems to be mismatched from their supposed rarity. I'm much more likely to jump on things that I haven't been able to find for long periods of time
     
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