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Buffalo collectors I need some help

Started by wheat'swheats,

22 posts in this topic

wheat'swheats

wheat'swheats

Posted
Posted

My friend Chris at the happy coin has the below buffalo nickel and I would like to make him an offer, but I don't have a clue on this one it is in as you can see a ms63 pcgs slab and is a great double strike. Do any of you have an idea what this coin is worth and what would be a fair offer.

buffalo_zps448c636a.jpg

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Deerefan8420

Deerefan8420

Posted
Posted

That's an awesome piece! I wouldn't even know where to begin as far as putting a value on it although I do have a reference book(World's Greatest Mint Errors- Mike Byers) on Major mint Errors and it provides a pricing guide for each error. According to the price guide, for a Double Struck Buffalo Nickel in an Uncirculated grade, their listed value is $10,000. The guide value for an off center strike of 25%-60% for a Buffalo Nickel in an Uncirculated grade is listed at $1500.

 

These are only price guide values and I'm not sure if they reflect the actual market value of the coin. I would suggest trying to find previous sales records of this piece before making any kind of counter-offer. I hope this bit of information helps.

 

 

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wheat'swheats

wheat'swheats

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Is your friend a dealer?

 

Either way, as the seller, why isn't he quoting you his asking price?

He is a dealer, but he like I have nothing to compare this one too, to be able to come up with a legitimate price. That's why I am asking and he has not decided what it would take to buy it. We each need a little more education on this one

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RWB

RWB

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"Broadstruck" will have a good idea of value. Error specialist Fred Weinberg is usually very helpful, too.

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WoodenJefferson

WoodenJefferson

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I'm not quite sure how PCGS arrived at the MS-63 point, seems under graded to me. As far as value, to find out, you would need to be put into a well publicized auction, let the collectors fight it out and you'd have a pretty good handle on how much an error like this goes for...but then the coin would be in someone elses hand, not yours.

 

Good luck...that, is one fantastic error.

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wheat'swheats

wheat'swheats

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I'm not quite sure how PCGS arrived at the MS-63 point, seems under graded to me. As far as value, to find out, you would need to be put into a well publicized auction, let the collectors fight it out and you'd have a pretty good handle on how much an error like this goes for...but then the coin would be in someone elses hand, not yours.

 

Good luck...that, is one fantastic error.

As mister Shakespear said "Ah there is the rub"

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BillJones

BillJones

Posted
Posted
I'm not quite sure how PCGS arrived at the MS-63 point, seems under graded to me. As far as value, to find out, you would need to be put into a well publicized auction, let the collectors fight it out and you'd have a pretty good handle on how much an error like this goes for...but then the coin would be in someone elses hand, not yours.

 

Good luck...that, is one fantastic error.

 

With error coins the nature of the error is often more important than the grade so long as the piece does not have outside of the mint damage.

 

Having said that, if the coin has mint luster under the minor toning that is on it, it's easy to see why PCGS graded it MS-63.

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wheat'swheats

wheat'swheats

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Doesn't the dealer know how much he paid for it??

Sure he does, but what does that have to do with the price of tea in China? He is certainly not going to tell me maybe a ball park number. I know he paid a chunk. and I don't blame him for getting as good a price as possible. It's like I said neither he nor I can really find a comparable coin. I don't mind his making a profit I just don't want to pay all the rent. I want a little meat left on the bone, I just don't know how much is there to start with.

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BillJones

BillJones

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I avoid doing business with who refuse to quote prices on what they are offering and ask you to make offers. Their game is to take you for as much as they can get. If they are too lazy or too stupid to set their prices, they can do without my business. :mad:

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physics-fan3.14

physics-fan3.14

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I avoid doing business with who refuse to quote prices on what they are offering and ask you to make offers. Their game is to take you for as much as they can get. If they are too lazy or too stupid to set their prices, they can do without my business. :mad:

 

I agree.

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brg5658

brg5658

Posted
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I avoid doing business with who refuse to quote prices on what they are offering and ask you to make offers. Their game is to take you for as much as they can get. If they are too lazy or too stupid to set their prices, they can do without my business. :mad:

 

I agree.

 

x2

 

He knows what he paid, he should post a sale price. I agree with BillJones assessment 100%.

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bsshog40

bsshog40

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I avoid doing business with who refuse to quote prices on what they are offering and ask you to make offers. Their game is to take you for as much as they can get. If they are too lazy or too stupid to set their prices, they can do without my business. :mad:

 

I agree.

 

x2

 

He knows what he paid, he should post a sale price. I agree with BillJones assessment 100%.

I agree also! This may have been a lucky find and didn't cost much for grading or caught someone with bad luck and got it cheap. It sounds like he wants you to do the footwork and hopefully offer more than he was thinking of asking.

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e1cnr

e1cnr

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Posted

 

You need to ask a error dealer rather than a Buffalo collector because items like this are unique. I would not buy something that I could not value - unless I had money to burn and just had to have it. Yours posted is very cool, but new car cool?

 

 

Here is one that sold on Heritage

1920-S AU55

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e1cnr

e1cnr

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The more I look at this error, the more I wonder if the coins second strike is from the same die as the first strike.

 

If the second strike was from a different set of dies, I would not want to buy this error.

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GoldFinger1969

GoldFinger1969

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Contact an error coin dealer, there were 1 or 2 at the Westchester Show I saw yesterday.

 

Error coins remind me of some quirky baseball cards....their value can REALLY fluctuate (up OR down) depending on buyer sentiment. So make sure you REALLY like the coin aside from investment potential.

 

Good Luck ! (thumbs u

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jom

jom

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I don't see what grading would have to do with the value of the coin. I mean, after all, that is a terrible strike! lol

 

Whatever the case, I'd have to agree with Bill and Mark on this one. The seller is responsible for quoting the asking price....

 

jom

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