What is a fair price for...

Discussion in 'US Coins Forum' started by torontokuba, Jan 7, 2014.

  1. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

    I'm not too familiar with the unique features of all your Lincoln Cents. I was wondering what a fair price would be for a 1937-P UNC/BU Lincoln Wheat Cent?

    Mintage: 309,170,000
     
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  3. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Without details, the best one can give is an estimated price range. For a very generic BN "unc", you may be looking at a buck or two, but as with most coins, all depends on condition and in this case color. Obviously, a gem RD specimen would be worth many times that of the aforementioned.
     
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  4. Sean the Coin Collector

    Sean the Coin Collector Active Member

    i would say it depends on the coin you can pick one in BU for cheap like a few dollars, if it is red it might be worth 7-9 raw and if it is slabbed ms65 it would be closer to 15 dollars !!
     
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  5. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

  6. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

    So, anything over $10 raw, could be considered gouging and would be best to stay away from?
     
  7. Sean the Coin Collector

    Sean the Coin Collector Active Member

    unless it is a very very nice example !! i got a 1935 for around 15 dollars pcgs slabbed Red ms65 and other dates in the 30s for a similar price slabbed !
     
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  8. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

  9. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Absolutely not; there are a great many superb coins from this era residing outside of slabs as it simply does not make sense for anything short of a definite superb gem to be submitted. Perhaps you can find a raw stunner for that $10, or perhaps it will cost you $20 or more, but if you want something truly nice, don't limit yourself to a certain dollar amount, be it raw or slabbed.

    One thing to note, and this goes for most any slabbed RD copper, is that they can change in the slab while others are questionably designated, so it is necessary to judge for yourself instead of simply accepting the designation as fact. Of course with raw this goes without saying.
     
  10. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

    With such a high mintage, I think a nice UNC for a $1 or $2 is appropriate. There are people still sitting on rolls of these in UNC, GEM BU and high MS grades. If it changes colour in a slab, it will also change colour as raw.
     
  11. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    If you find either coins under $2 that you linked to be sufficient, that's your choice; $1-$2 is perfectly acceptable for a generic unc. As for rolls, yes... they are out there, but original does not automatically equal a roll of gem or high MS coins.

    Yes, which is what I said.
     
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