tdziemia
“I think it's obvious the OP is trying to sell the coin here.”
To be fair, the OP has asked about price of two coins on the forum. That can just be taken as an inquiry on valuation which is fair game.
There were no cents in this place in 1899. A halfpenny was ½ d.
I think this member might be disappoointed to realize that the investment in slabbing will never be recovered , and money will be lost on the sale (unless the coins were free to begin with).
Bu there is indeed a point to be made on the NGC online coin pricing not always reflecting current market pricing.
I am sure the OP won’t be disappointed, they have had two beautiful coins presented and preserved in NGC holders. The coins will not be de-graded by poor handling or poor storage and will be always available to view in that preserved condition.
As for NGC pricing, and other sources - they are just guides, granted - but a whole lot better than everyone making up their own price (which is what happens anyway) at least these sources try and document that price to the best of their ability.
There is of course a fundamental flaw in recording the true price of coins though; first every collector / dealer (intentionally or otherwise) will over grade their coins, likewise they will under grade any other coin (especially if they want to buy them). Second every buyer of coins associates the price they have paid for the coins as the value, this is incorrect, for a number of reasons;
1 - associated costs are not factored in when purchasing the coin, postage, auction fees, travel expenses, time, etc.
2 - associated costs are not factored in before and after purchasing the coin, research, evaluation, restoration, knowledge, experience, (essentially your time) etc.
Examples;
1 - coin bought for 5€, postage 3€, postage recorded 6€, auction fee 10% + 2€ per purchase, travel ticket to coin 5€ or 2€ fuel and 1-2 hours of your time. Does the coin cost 5€, 8€, 11€, 7,50€, 10€ or 7€? And your time, what does that cost?
2 - 1 hour research, 1 hour evaluation (decision), ½ hour restoration, 4 years of study (business, numismatics, history or antiquities) 20 years experience in Numismatics. Two and a half hours work, 24 years experience and knowledge, a doctor would get 500€, a fireman 250€, a notary 1000€, a lawyer 750€ or a salesperson 100€. What is the coin worth now, 500€, 250€, 100€? Where or how do we value our time, do we count the costs of a collectors time or just a coin dealers time?
Meanwhile the NGC website receives the sale as 5€ for a year and grade that it previously had recorded as 10€, pushing the guide price lower.
There is also the fact of where and when the item was purchased; was the seller desperate to sell for lower than the guided value (stolen goods, or auction houses selling quantity fast), or was an expensive coin found in a lot of searched cheap coins (but missed by the previous searchers), or was the coin bought new from the mint (very high price for something new), or was the coin bought from a coin shop at a reasonable price (where the owner has made a reasonable fair profit and not cheated you), all these options are available and all have wildly different coin costs.
No other industry or item pricing work the same way as the second hand industry (coins especially), everything and everyone is factored in when you pay for your goods and services. From the clothes you wear to the builders you hire, the bank account you hold to the lawyers or doctors you visit, from the food you buy to the insurances you hold, the taxes you pay to the electricity you purchase - all, everything and everyone is factored in, the true (or shall we say coin costs) of all of these things are way lower than you actually pay for them.
„If your reply or post in the Forum stinks of AI, I will call you out! Knowledge comes from experience, the I in AI stands for incompetence.“
