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Message:: [QUOTE="Mark Feld, post: 349439, member: 11467"]In all candor, if you didn't know what that meant, you are probably much better off not buying the coin. Also, sellers frequently use low population numbers as an excuse to ask more for coins than they should. In the particular case of a 1909-S Indian cent, the low population number is largely the result of the fact that most uncirculated examples of that date are "RB" (red-brown) or "RD"(red). And a "BN"(brown) one is typically worth less than either of those other color designations.   It's quite difficult to assess the value of such a coin, but here is my thinking, information I am using, analysis and (hopefully educated) guess. And it really is only a guess....  A PCGS MS66RB (which should be worth more than an MS66BN) sold in auction for $2990 in 2004. An NGC MS65BN (which should be worth less than a PCGS MS66BN) sold for $1265 in 2006. The PCGS price guide lists an MS65BN at $1400 and an MS66BN at $1750. The guide, like other guides, is often too high or too low, but it can still serve as a very useful resource.  My feeling is that the coin is worth in the $1700-$2100 range. If it's a nice coin and the price is below that range (and I'm betting it isn't), it's probably OK. If it's more than about $2300, I think it's probably too high. So, what were you quoted?:whistle:[/QUOTE]