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The Effects of Rarity when Pricing US Cents and Half Cents
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<p>[QUOTE="johnmilton, post: 26231614, member: 101855"]I used to collect half cents by die variety in the late 1980s through the mid 1990s. Back then there was Roger Cohen's book and "Copper Quotes by Robinson." </p><p><br /></p><p>Robinson's numbers were reasonable for coins up to perhaps R-6 as long as they were not at or close to the condition census. If the coin in question was near the condition census, all bets are off because if more than one well healed collector wanted it, the bidding could go very high. R-7 and above was really nothing but speculation. </p><p><br /></p><p>Roger Cohen told me a story about how he saw a Robinson price for a rare half cent. Roger wrote a check for that amount and sent it to the owner of one. The owner was insulted!</p><p><br /></p><p>My experience with the old Grey Sheet was that all of the early copper coin prices were too low, especially if the coins had good surfaces. Grey Sheet prices bought "problem pieces" for the sharpness grade. For me, the Grey Sheet was useless for early copper. </p><p><br /></p><p>I don't know how accurate the new Grey Sheet is. I kown it has listings in a lot more detail for varieties than the old one did, but I don't know how good those numbers are. The other factor is "EAC grading" which is much more conservative than PCGS, NGC and even CAC grading. I have one piece that is graded PCGS MS-63, CAC, which the "official EAC grade" is only AU-55. Sometimes I think that EAC grading is a crock. It sure doesn't work in the "real world." The guys who use it still charge you "real world prices." </p><p><br /></p><p>As I said, I've been out of the game for over 30 years. You can talk what I wrote for what it's worth.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 26231614, member: 101855"]I used to collect half cents by die variety in the late 1980s through the mid 1990s. Back then there was Roger Cohen's book and "Copper Quotes by Robinson." Robinson's numbers were reasonable for coins up to perhaps R-6 as long as they were not at or close to the condition census. If the coin in question was near the condition census, all bets are off because if more than one well healed collector wanted it, the bidding could go very high. R-7 and above was really nothing but speculation. Roger Cohen told me a story about how he saw a Robinson price for a rare half cent. Roger wrote a check for that amount and sent it to the owner of one. The owner was insulted! My experience with the old Grey Sheet was that all of the early copper coin prices were too low, especially if the coins had good surfaces. Grey Sheet prices bought "problem pieces" for the sharpness grade. For me, the Grey Sheet was useless for early copper. I don't know how accurate the new Grey Sheet is. I kown it has listings in a lot more detail for varieties than the old one did, but I don't know how good those numbers are. The other factor is "EAC grading" which is much more conservative than PCGS, NGC and even CAC grading. I have one piece that is graded PCGS MS-63, CAC, which the "official EAC grade" is only AU-55. Sometimes I think that EAC grading is a crock. It sure doesn't work in the "real world." The guys who use it still charge you "real world prices." As I said, I've been out of the game for over 30 years. You can talk what I wrote for what it's worth.[/QUOTE]
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The Effects of Rarity when Pricing US Cents and Half Cents
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