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Valuing Large Cents from 1808 Through 1857 by Variety
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<p>[QUOTE="kanga, post: 13651205, member: 9270"]1. I use the <b>Greysheet </b>to put values on my coins in my half cent and large cent collection.</p><p>That helps me put values on my coins by <b>Variety Number</b> which is important because that helps take into account rarity.</p><p><br /></p><p>2. I use the <b>Greysheet</b> to determine how much I'll <b>pay</b> for new acquisitions.</p><p>I know I can't <b>buy</b> at those prices but it's a starting point.</p><p>Auction results will help me refine how much I'm willing to pay.</p><p><br /></p><p>3. The Rarity Factor vs. <b>Greysheet </b>values:</p><p>This is where it gets a bit dicey.</p><p>For instance there are fifteen Newcomb varieties for 1845 Large Cents.</p><p>And those fifteen 1845 Large Cents show variety numbers ranging from R-1 to R-6+ (Source: the Noyes books).</p><p>But there is only one price line in the Greysheet.</p><p>An R-6+ definitely has more value than an R-1.</p><p>And I think the <b>Greysheet </b>value is for the lowest rarity.</p><p><br /></p><p>4. Adjusting printed value for rarity?</p><p>Auction results will help.</p><p>Currently I'm operating under the opinion that R-1, R-2 and R-3 can be treated as having equal value.</p><p>For higher R-numbers I estimate value based on any other information that I have and with (maybe) an added dose of desirability.</p><p><br /></p><p><b>How do YOU handle valuing under these sorts of conditions?</b>[/QUOTE]</p><p><br /></p>
[QUOTE="kanga, post: 13651205, member: 9270"]1. I use the [B]Greysheet [/B]to put values on my coins in my half cent and large cent collection. That helps me put values on my coins by [B]Variety Number[/B] which is important because that helps take into account rarity. 2. I use the [B]Greysheet[/B] to determine how much I'll [B]pay[/B] for new acquisitions. I know I can't [B]buy[/B] at those prices but it's a starting point. Auction results will help me refine how much I'm willing to pay. 3. The Rarity Factor vs. [B]Greysheet [/B]values: This is where it gets a bit dicey. For instance there are fifteen Newcomb varieties for 1845 Large Cents. And those fifteen 1845 Large Cents show variety numbers ranging from R-1 to R-6+ (Source: the Noyes books). But there is only one price line in the Greysheet. An R-6+ definitely has more value than an R-1. And I think the [B]Greysheet [/B]value is for the lowest rarity. 4. Adjusting printed value for rarity? Auction results will help. Currently I'm operating under the opinion that R-1, R-2 and R-3 can be treated as having equal value. For higher R-numbers I estimate value based on any other information that I have and with (maybe) an added dose of desirability. [B]How do YOU handle valuing under these sorts of conditions?[/B][/QUOTE]
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