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<p>[QUOTE="Lehigh96, post: 1020181, member: 15309"]That is the beauty of the toned coin market. What you would pay for this coin is only considered overpaying when compared to what I would pay for the coin. If you sold this coin over and over again at different auction venues to different collector pools, the coin would not drive the same price each time. Instead, you would left with a price range. Based on your response, you feel this coin is worth closer to 4X wholesale than my chosen premium of 3X wholesale. The goal is to be able to accurately predict that price range. As Doug stated earlier, an 1882-S Morgan was closer to $200 in 2007. Using that price as the baseline, my opinion is that a price range of $600-$800 would have been accurate in 2007. Both my bid $750 and the price realized $712 seem to support that claim as well.</p><p><br /></p><p>Anyone who guessed between $600-$800 did very well in their pricing of this particular coin IMO. Personally, I use the range to encompass wholesale and retail for toned coins. By placing a bid of $750 on this coin, I was willing to pay retail price. I would consider $600 wholesale price for this coin in 2007.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1020181, member: 15309"]That is the beauty of the toned coin market. What you would pay for this coin is only considered overpaying when compared to what I would pay for the coin. If you sold this coin over and over again at different auction venues to different collector pools, the coin would not drive the same price each time. Instead, you would left with a price range. Based on your response, you feel this coin is worth closer to 4X wholesale than my chosen premium of 3X wholesale. The goal is to be able to accurately predict that price range. As Doug stated earlier, an 1882-S Morgan was closer to $200 in 2007. Using that price as the baseline, my opinion is that a price range of $600-$800 would have been accurate in 2007. Both my bid $750 and the price realized $712 seem to support that claim as well. Anyone who guessed between $600-$800 did very well in their pricing of this particular coin IMO. Personally, I use the range to encompass wholesale and retail for toned coins. By placing a bid of $750 on this coin, I was willing to pay retail price. I would consider $600 wholesale price for this coin in 2007.[/QUOTE]
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