Why did I get this 1868 Indian so cheap?

I made a $25. bid and got it for $20. Why so cheap? The red book lists it at $45. in G-4. Was I just lucky? http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=260243370479&ssPageName=ADME:B:EOIBSA:US:1123

 

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I think so, that seems like a pretty good deal to me!

 

okay price, perhaps because, using old time, real, grading it is an AG?

 

I'd say a high G-4 or as high as good will go acorng to ANA grading standards . A good deal indeed .
rzage

 

Just wondering what grading standard you're using . Thanks .:smile
rzage

 

Nice coin, looks like a solid G-4 to me. I wouldn't go by Red book prices though, they are normally inflated a bit, not very reliable IMHO.

Phoenix

 

I am going to say a high G-4, possibly VG on a good day

 

The wear into the top of America and the top of the shield on the reverse.

 

I'd say a G, but no better. The rims aren't complete, which is necessary to attain a VG grade. But, for the price, I'd say you still got a heck of a deal.
Guy~

 

Ed,

All of the other bidders probably needed to hold onto some cash for gas this weekend! This is the way it is sometimes on eBay, one week you may get it $20 and then the next week it may cost you $35. You received a good deal and hopefully there will be more to come!


Frank

 

Jmo but in the ANA grading book it says for AG ,entire design partially worn away , this coin pretty much has its entire design .:smile
rzage

 

problem free Good with nice color, good deal.

 

Last december's grey sheet (the most recent I have) gives an ask value in good as $32.00 so i think you got a good deal

Richard

 

You were in the right place at the right time.
Definitely got it for a good price.
Nice catch.

 

As for your original question, I have no idea. If you ever get a clue as to why anything on eBay goes for so high or so low a price, please tell me. I have won coins at 1/2 greysheet and then watched the next one go for 1 1/2 greysheet the next day and even the next hour once.

 

AG 3.75. not enough there for a G4.

 

Yeh, I got into a bidding war with one other person for a pair of OOP books.
He won at about $50, about 4 times the cover price.
The same sellers put up another pair of the same books the following week and I got them for under the cover price.
I guess we were the only two who wanted them.
Good thing I lost the first offering.

 

If I use the Red book. I halve the price and the add 10% for a price I'd like to pay (or less). $45/2= $22.50 +2.25 = $24.75 I'd say you did quite well for yourself.

When I use CoinValues they are usually more expensive but they are more current and reflect a highest selling price. So I try and use the same method and adjust it toward what todays Ebay SOLD prices have been for the last few weeks. Then, of course, I try and buy the coin for less.

Bruce

 

Seen many similar. What gets me even more is when there are 4 and 5 bidding over $50 for something, but the next day another sells for $25 and none of the original bidders even bid on it. Where did the other 4 or so bidders go?

 

I do not see anything wrong with the coin and I would probably go with G4. I'd say nothing wrong with the price. Good job!