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Colin Cooke Numismatic Forum - coin prices
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General: coin prices

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  1.  
    • CommentAuthorfarthingman
    • CommentTimeMay 25th 2009 edited
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    The market for decent quality/ Rare coins remains very boisterious at the moment .
    The recession does not seem to be harming coin prices at all except maybe in the very lowest of grades
    A 1851 farthing in near fine grade recently fetched £36 on ebay an astounding price as CCC have a better coin for sale in fine grade at £13.
    Not sure what was going on in this case maybe shill bidding or just plain old lack of info on coin values/ worth.
    All this seems to be agrevated by the lack of decent quality material
    • CommentAuthorjules
    • CommentTimeMay 25th 2009
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    As for Ebay: What is welcome is that there are(relatively) few examples of grossly mis-described coins (I know there are still plenty). But I see less "high grade" descriptions for coins in reality fine or worse! Sellers seems a little more honest.



    Jules
    • CommentAuthorJohn
    • CommentTimeMay 26th 2009
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    Investors are looking for a safe haven for savings that will show a good return on investment, Banks and Financial institutions are not giving a return on savings, Stock markets are seen as too risky still, and property is falling in value.
    Coins and precious metals/stones are seen as a safer investment option.
  4.  Report Post
    Yes I do agree with you up to a point.
    However I would warn anyone out there that precious stone should not be considered an investment at this time as there are actually loads of these still in the ground at the moment , it is the mining firms that control the amount of these that appear on the market every year.
    At least coins are of limited surply as us collectors well know
  5.  Report Post
    It seems as if the bears on this board were wrong, and the bulls right and virtually all coins are rising in value but the higher prices seem to be confined to coins worth £30 and more.
    Even the demand for lower grade stuff - the mainstay of most collections , remains bouyant.
    A few people have commented on the boards about this.
    • CommentAuthorScottO
    • CommentTimeOct 29th 2009 edited
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    ebay is great for the odd bargain, i love buying bulk buys, had some nice coins in bulk buys (1939 rhodesia 3d EF - 200k mintage worth about £40-50 in one, F169 penny in average grade in another and a EF 1924 australia penny, worth about £20)
    as well as a EF 1853 farthing with 5 over 5 for a fiver.
    have seen low grade stuff going for silly prices, (1910 average grade penny for £3?) yet i can pick up VF+ grade eddies and georges for around the same.
    there are bargains to be had there in any grade, but some prices have been extreme, been trying to update my pennies not paying over a fiver for a fair bun penny...
  7.  Report Post
    Coin prices are all over the place,especially in these economically stressful times.

    Even now,gold coin prices have shot upwards in a huge way.I used to buy 1/10 Krugerrands at NZ$85 around 3 years ago.Nowadays,a 1/10 Krugerrand would have a price of around NZ$160-180 on it.

    Aidan.
  8.  Report Post
    Ebay continues to provide some staggering prices for key date farthings there is an 1859 farthing in about fine condition on ebay finishing tonight at the staggering price of £107 -and it still has not finished yet!
    I can console myself with the thought that mine in near EF grade must be worth £350
    • CommentAuthorBarcud
    • CommentTimeNov 14th 2009
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    As one who has realised just how much rubbish I bought from Ebay, even though I never spent the sort of sum mentioned above on any coin, I can only hope that other ebayers will come to their senses.

    Read more - almost collect books before coins, go to dealers in person where you can, look much more carefully at the specialist websites. Don't spend more than £25 on a single coin unless you know your seller and can be confident that they can and do grade coins accurately and have integrity. Take and act upon recommendations from experienced collectors and dealers. Buy lots of coins at general auctions where you might pick up 100's of coins for less than £75 (Including charges and postage) so as to see and handle many coins in various grades (and occasionally find a real treasure!) That's what I do now and I wish I had done so sooner!!

    The ludicrous prices described above will only result in bitter disappointment and damage the hobby.

    Roy.
    • CommentAuthorBARRY
    • CommentTimeNov 14th 2009
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    Staggering; you are right Farthing man, that's the only word for it (well, the only repeatable word). There is one particular 'dealer' who overgrades like an overgarding nutcase, and always gets away with it. The sad thing is he is BNTA accredited, so novice suckers think it's all okay.
  11.  Report Post
    The 1859 farthing IS a rare coin
    But I would never tell anyone to pay more than £25 for the one finishing on ebay tonight
    I must admit I am staggered it is fetching so much - wish i was the seller!
    • CommentAuthorBarcud
    • CommentTimeNov 14th 2009
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    Barry,

    Has the offender been reported to BNTA - perhaps evidence should be assembled and either published or referred to the BNTA in a dossier?

    Roy.
  13.  Report Post
    I must admit that slabs (The american solution to this problem)
    would stamp out this bad practice amongst trade members.
    but really anyone with any experience in numismatics should just refuse to buy from a dealer like this.
    they would soon get the message when their customers deserted
    • CommentAuthorScottO
    • CommentTimeNov 14th 2009
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    but slabs, hike the prices up to stupid levels.
    but there is some rubbish getting bids too, dunno how many fair bun head pennies have an acumulative price of £3+
    i have some rare pieces myself, lucky buys from bulk (rhodesia EF 1939 6D in an £8 200+ coin bulk buy kthanx, F169 penny in a set of 8 coins for 2 quid), but yea, struggling myself, had to pay £3 for a poor 1871 penny, was not amused but needed it lol
  15.  Report Post
    Three pounds for a 1871 penny , not unreasonable , I had two and sold them in 2004 got between £1.5 and £1 for them, but that was five years ago
    £122 for a fine grade Farthing now thats a result!
    • CommentAuthorScottO
    • CommentTimeNov 15th 2009
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    yea, there are better farthings out there, i'm trying to get my hands on a few farthings myself, its difficult, i acctually want to widen my date selection, most of the farthings on the bay are either wrens, post 1895 of 1853's... i have enough 1853's, post 1895 and wrens now..., if it has a hint of rare date then it shoots up to crazy money, that happens, even F-VF 1895+ pennies are going for over book price on ebay, which is annoying :(
    did scoop up a worn james I 2nd coinage halfgroat for a fiver the other day, result!! :D
  17.  Report Post
    Regarding the 1859 farthing that ended up at nearly £125 on ebay even though in fine grade.
    If the buyer now looked on the colin cooke site they would find an EF coin for sale at about the same price.
    Bet the buyer off ebay feels a right charlie with his buy.
    Not everything off ebay is good value, you have to be selective and not get carried away
    • CommentAuthorpokal02
    • CommentTimeJan 24th 2010
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    I recently saw a 1687 crown in (I think) about VF with a ''buy it now' price of £50,000 (!!) I assume it didn't sell.
    • CommentAuthorvicpenny
    • CommentTimeJan 25th 2010 edited
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    crazy but the best i seen was a mule 20p B.I.N price £250,000 lol some people are beyoned belive
  20.  Report Post
    Yes Vicpenny.
    I strongly suspect the mule undated 20p will now pass into urban legend as a rare coin (At least in the minds of the general public anyway) there is little movement in there price on ebay , though they are slowly drifting down.
    You try to get a coin dealer interested in one and they will not touch them with a bargepole.
    They might offer you £15- £20 and then just ebay it
    It is a strange thing really the whole market for the coins depends on ebay and nothing else
  21.  Report Post
    Here in the US slabs have literally become a prerequisite to buying coins of very high uncirculated grade since the degrees of separation on the Sheldon scale are a tight point system that can make significant price differences. On the one hand it protects the buyer, but as some else pointed out it brings out almost an artificial craze for unreasonable coin prices and now they have "CAC" which "authenticates" the slab as being superior for the grade give.....madness! I always rely on my eyes first and buy the coin not the slab, or just thank the dealer and walk away.
    • CommentAuthorpokal02
    • CommentTimeJun 6th 2010
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    even 'slabbing' is only someone else's opinion - I have two slabbed coins - one American graded AU58 which I would put as 'about EF', the other graded VF25 by PCGS which I think is F to GF. As the previous poster says, it's always best to look at the coin - even on Ebay most coins are photographed (and if they're not - don't buy!) so one can judge and bid accordingly.
    Thankful People: BC Numismatics
    • CommentAuthorvicpenny
    • CommentTimeJun 9th 2010
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    ive found that 1/2 and full sovereigns have shot up within the last year i bought a 1902 half sov about a year ago off ebay for £76 when i found a better one i listed the first one i bought and it sold for £96 seems like the gold coins are great investments
  24.  Report Post
    Sovs and halfs have been a super investment over the last two years
    Every twenty or so years they seem to put on a spurt then slowly drift down or remain stable for the next 15- 20 years or so .
    The gold price is very dificult to predict but it must be near it's high now

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