Discussion in 'Coin Chat' started by cplradar, Apr 15, 2021.
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In 100% seriousness, if he/you can get me a 1917 FH Type I PCGS CAC 67 for $3200, I'll buy it from you. I'm dead serious.
Unfortunately you’re probably wasting your time at this point.
I'm confused, you are complaining about a coin that sold at auction for $7,800 being listed on eBay for $9,250?
First things first, that coin is amazeballs. Second, the Heritage photos are infinitely better than the eBay photos. We gotta get a better look at this thing.
As someone who foolishly tried to assemble a rainbow toned premium gem SLQ collection long ago, I find nothing inappropriate about the eBay sellers asking price.
I'm not complaining at all. I am not buying it. It is being pushed up in price by the toning. I am not spending nearly 5 grand extra for toning. Are those the same coins? I had no idea they were.
The coin is undergraded, it deserves MS67+
Or it is a 67, which, BTW, it is - buy it and crack it out.
Trust me, if I had $9K to buy this coin, I would buy it and resubmit under reconsideration for the + grade which carries a PCGS price guide of $27.5K. This is the nicest 1917-P SLQ I have ever seen, and it is not an accident that it sold for way over price guide. Obviously, I am not the only person to recognize that this coin is PQ for the assigned grade.
Well done, thanks for digging this up.
Again, let me hasten to point out, this one may have just missed the "+." We don't know, but we do know it's got the right attributes.
that makes it MORE insane. Not less.
@Beefer518 answered your question OP, but you do not want to learn. Comps are a decent idea of getting yourself into a ballpark, but do not work so well in collectibles. Why? It will always ignore different conditions. Take a VF Athenian tetradrachm. Tons of them out there. A comp will basically get you an average price. That is fine if the coin truly is an average vf. However, what if it is inferior to average, not having luster, maybe the nose is off the flan, etc. You "comp" will be way too high. Same for superior examples. You comp will not be a true comp comparing a normal VF to a full crest, lustrous, fine style piece. The market price shows this, with the best full crest VFs going for many multiples over average coins.
Just looking at comps will get you into a range, like knowing its over $1000 but probably not $25,000, but KNOWLEDGE of the details @Beefer518 tried to impart to you is needed from there. If your appraiser was so flippant as to issue an opinion without further research I am not so sure I would trust him for Byzantine coins. Ask him his opinion of my avatar, and what he thinks the range should be.
have a great day everyone.
He sounds so much like his father, he even likes the same coins, IKEs, SLQs, Mercs. I don't mind though, I like these threads, they keep things interesting.
You are correct that they are all MS67, but the similarities pointed out by beefer make your observations invalid. A D mint mark cannot be compared to P or S coin. Three very different coins, often times very different market values. A coin graded full head can only be compared to another coin graded FH. A coin with the CAC designation can only be compared to another coin with the CAC grade. Even if you follow the above basic comparison of Year, Mint Mark, Grade, FH, CAC, you still have to account for toning vs blast white. Even with all of the above overall eye appeal, the buyers individual tastes, want or need and market conditions will determine the coins actual sale price. Whether or not you feel the price paid is high or low is your own opinion that others may nor may not agree with. Remember that buying a coin is not like buying a pound of Boars Head bologna. There are many fixed values and variables that determine the final price.
It is a not a D. https://www.ebay.com/i/383271908941?ul_noapp=truethe
Defnitetly not. It is advantagous for a subset of dealers to market this as a fact, but it is just not true. CAC is like any grader is not the final word on the value of the grade of a coin. On this, everyone here probably agrees as it is part of the justification for this coins asking price. Reagrdless, it is a HUGE premium, nearly 7K, for this coin over similarly graded coins. You can justify that as rational, but I think it is fundementally flawed thinking.
A) - Don't be nasty.
B) - We owned those kind of coins, and it SO HAPPENS I am looking for our stolen SLQ... so there is that. I don't own one of those. It is also not in my plans. Maybe for pop's 60th birthday. I persoanlly like Israeli and Perth coins for myself. I am just irritated and the personaization of these discussions when one doesn't agree.
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