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What is a 1955 Lincoln PCGS MS67RD worth - sight unseen!?
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<p>[QUOTE="illini420, post: 1060108, member: 19423"]I've only bought coins sight-unseen like that where I know there to be a return policy if the coin ends up being a dog.</p><p> </p><p>However, in your hypothetical if there is no return policy and I had to make an offer on it I'd do a little research on auction sales of the PCGS 67RDs and see what they really sell for. Then I'd make an offer of maybe 25% less than the low-end auction prices. If I had to sell the coin at Heritage for example, I'd have to pay at least 15% in fees so there's really only around 10% to play with there after that. But in any event, even if the coin is spotted and is a dog, there is a pretty strong market for a pop 14/0 PCGS graded Lincoln as there are lots of people with Registry sets that buy the labels vs. the coins. And the worst case scenario, if you can't even sell the coin for what you paid for it or close to it, you could send it to PCGS under their grading guarantee and see if they will regrade to the right grade and compensate. Remember though, that's harder to do now that PCGS no longer guarantees the color of copper coins purchased post-2009. But I'm guessing if the coin would be bad enough to not be looked at as an MS67RD, it's probably not going to be an MS67RB either and would probably be knocked down to 63RB or 64RB if it really has turned in the holder and PCGS would be interested in getting it out of their 67RD holder.</p><p> </p><p>Of course, with a gamble like this, you could always end up with a real gem of a coin and it may really be a 67+RD in quality.</p><p> </p><p>Like I said, I'd only play this gamble if I really needed that coin in that grade and I knew it was rare... pop 14 isn't exactly rare so I'd insist on seeing the coin first or having a return privilege. But if you're going after a pop 3 1909 VDB Lincoln Cent in MS67RB for example, you do whatever it takes to get that coin!!! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 1060108, member: 19423"]I've only bought coins sight-unseen like that where I know there to be a return policy if the coin ends up being a dog. However, in your hypothetical if there is no return policy and I had to make an offer on it I'd do a little research on auction sales of the PCGS 67RDs and see what they really sell for. Then I'd make an offer of maybe 25% less than the low-end auction prices. If I had to sell the coin at Heritage for example, I'd have to pay at least 15% in fees so there's really only around 10% to play with there after that. But in any event, even if the coin is spotted and is a dog, there is a pretty strong market for a pop 14/0 PCGS graded Lincoln as there are lots of people with Registry sets that buy the labels vs. the coins. And the worst case scenario, if you can't even sell the coin for what you paid for it or close to it, you could send it to PCGS under their grading guarantee and see if they will regrade to the right grade and compensate. Remember though, that's harder to do now that PCGS no longer guarantees the color of copper coins purchased post-2009. But I'm guessing if the coin would be bad enough to not be looked at as an MS67RD, it's probably not going to be an MS67RB either and would probably be knocked down to 63RB or 64RB if it really has turned in the holder and PCGS would be interested in getting it out of their 67RD holder. Of course, with a gamble like this, you could always end up with a real gem of a coin and it may really be a 67+RD in quality. Like I said, I'd only play this gamble if I really needed that coin in that grade and I knew it was rare... pop 14 isn't exactly rare so I'd insist on seeing the coin first or having a return privilege. But if you're going after a pop 3 1909 VDB Lincoln Cent in MS67RB for example, you do whatever it takes to get that coin!!! ;)[/QUOTE]
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What is a 1955 Lincoln PCGS MS67RD worth - sight unseen!?
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