Valuing Overton numbers based on Rarity

How can I find a value on coins (say R5 and above) that don't have many auction results and don't come up that often? Here is an example of an 1805 0-107 R5. Only one I found was in VF 35 from stacks and it didn't sell. Any suggestions on how to value a coin like this? Thanks Henryhttp://coins.ha.com/common/search_r...51+793+794+791+1577+792+2088&chkNotSold=0&Ns=

 

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I was gonna say Heritage, Henry, but it looks like you got that one covered.......

 

I would believe in that rarity, you almost have to set your own price, correct?

 

^^ That's what I thought. This coin has a weak reverse with a scratch and to me a possible cleaning. I was wondering in general. Thanks

 

I think the best thing would be to talk with a fellow CBH collector. One that has been around the block. That will be your best bet. They usually look for the rare overtons and can usually guide you to how many times they might have seen them.

 

I bought the book and all I can tell from it is that for an R5 there are between 31 to 80. But that has quite a range. Is there anyway be more precise?

 

That's not a variety that comes up often. A vf35 sold for $1725 in jan '10. A 45 sold for $2875 in Feb '09. Both PCGS.

If you really want to know all auction results for CBH"s by variety you should sign up at www.busthalfprices.com
Lance.

 

Thanks Lance, I was hoping that you would chime in. By the way, I love your Bust Half Collection.

 

Well, when I was talking of CBH collectors, lance was the first to come to my mind.

 

Thanks, HC & LP.

I don't collect draped halves, just capped. But I get to see a lot of both because of some photography jobs. Here's a really sweet key. I put in a strong bid at the Chicago ANA but lost. It went for somewhere around $24k. Yikes.
Lance.

 

Sweet coin lance. I have found the higher rarity coins sometime bounce all around on prices.

 

I see that with all higher rarity coins. At an auction, its simply a matter of who "needs" the coin, and if two people need it, it can go to the sky. If only one needs it, it can go half the price. Remember its always the underbidder that sets the price, not the bidder.

Basically, the higher the true rarity, the more dramatic price fluctuations will be. If a coin can be bought every month of two prices will always run within a band of expected values. If a coin is not seen but once in a decade there is no expected price band really, because you do not know how desperate two people can be to own it. An eide mar denari can go between $100-$500k, with the condition not really affecting the price, simply who is in the room or on the phone will determine the price.

 

It probably also depends on the popularity of the given variety. I can't speak on bust halves but I know in early large cents there are some R-5 coins that go fairly cheap and some low R5 or even high R4 coins that go for BIG money. Rarity is not the only thing that drives the price.