View Full Version : Is this the last Copper Quotes by Robinsonr?
12-05-2012, 11:46 PM
If this is the last book, is someone else willing to take this on
or something like it on?
12-06-2012, 11:57 AM
We already have a great, competent, price guide with William Noyes...Penny Prices.....but of course it never hurts to have another guide to use and go by as to get another's perspective on prices. So if someone else steps up to the plate I'm sure it will be accepted and used for what it's meant to be.....a 'Guide'!!!
Take it easy.....Leo
12-13-2012, 10:26 PM
There is definitely a niche for a price guide for early coppers graded by EAC standards. However, CQR and Penny Prices are both out of production. To the best of my knowledge, Penny Prices has only come out in 2 editions. The first was in 2003, and the second in 2005. That puts it essentially 8 years out of date.
It would be a lot of work. Jack followed all major auctions and updated price points based on their results. This was not always a good thing, as coins in many "name" sales do worse on the secondary market than they did at the sale.
My concern is that lacking a price guide for coins graded according to EAC standards - which are quite different from those used by PCGS and NGC, both of which also grade circulated early coppers inconsistently - collectors will be forced to rely on buying and keeping coins in slabs more than we do today. This will have the unfortunate effect of driving more and more early coppers into slabs.
12-14-2012, 11:39 AM
Mr. Eckberg, you have made valid points as many in the collecting industry do rely on 'Slabs' to build their collections on and the corresponding price structure these slabs are based on. We can only hope/wish that someone within the EAC community will step up to the plate and produce a 'Pricing Guide' based on EAC Grading Standards.....
I know that what I currently do when looking at coins by Non-EAC Dealers is decide on a net EAC grade for the given coin...look at their asking price and check it against CQR and Penny Prices. Usually but not always the corresponding price they want(even thought they believe their coin to be a higher commercial grade) will match up to our pricing structure in our 'Guides'...and then I counter offer a price I am willing to pay for the coin they have. If the price does not match up I can always pass and move on to the next coin that presents itself or decide that I really want the coin and then I buy it. There is no perfect system and it's always has been buyer beware and I imagine that's why many in the coin collecting community buy slabs(as you have mentioned) instead of 'Raw coins'.....
Take it easy.....Leo
12-14-2012, 10:11 PM
I am against slabbing coins for two reasons. First, I suppose that slabbing copper is fine if you have a coin with a nice, stable surface. Probably choice, higher grade and late date coins are in that category. However, my experience so far is that the early copper that I collect does not often have that kind of surface and needs regular care. I have purchased several coins that I broke out of slabs because I could see that they were developing or had existing problems and needed a light oiling. Now I routinely take them out and probably more than half have benefited by it. Many of the more rare varieties or higher grades that I see out there for sale have issues like this and would likely suffer if slabbed.
The other thing is that there is no way that I can enjoy my coins behind plastic like that. You can not really see them very well (even if the slab surfaces are not scuffed) due to the reflections. And trying to photograph them is a nightmare.
I wonder what is involved in preparing a price guide? Would it be a terrible burden? Maybe I should give Jack a call & see how it's done.
12-30-2012, 03:23 PM
How am I supposed to know if the price for a rare 1793 Large cent is reasonable or not? My last CQR is dated 4/30/11. This is almost 2 years out of date. Thought, anyone?
12-31-2012, 05:54 PM
Great question showing why coin study and collector club membership is so important. I have found, and I believe that Jack also states that, CQR pricing reports indicates only a starting point based upon past auction results which rule out extraordinarily high or low prices. Averaging how much people tend to pay for a specific coin in any grade/condition. He has been a dedicated scientist helping all of us with our collecting pursuits and worth many time the cost of his publication. A big THANKS Jack! What I do is consistently collect the same series, grade and condition using CQR to guide me with the variety value differences. So, in my case, I am pretty knowledgeable with common to scarce, clean Liberty Cap large cents grading G6 to F12. Any other coins or grade and condition and I am clueless, which might be a be risky purchase. After I spoke with Jack I understood why these books are so infrequent. It's unbelievable to me how he does it, as there is so much time spent attending auctions doing research in preparation. I sure found out that I cannot do it myself. Hope that helps:)
12-31-2012, 06:10 PM
By talking with established EAC Dealers at shows and seeing their prices on coins can give anyone feedback as to what a coin in a certain series is worth. They know the pulse of the market and if their prices are higher than stated in these two guides...then you know the series and coins you collect have gone up in value. When you see them at a show ask them and see what they have to offer and say as they are the ones going to auctions and shows on a regular basis.
Also you can join a report for the series you collect and get feedback from the other members who volunteer their collections for the report. Network with them and ask them their opinions on pricing and what they have experienced from buying from dealers and what they see in prices at the shows. And remember Average Plus and Choice coins will always bring a premium over any price suggested in a guide. And remember a "Guide" is just that.....the only true price of a coin is a willing seller and a ready buyer.....and at a given point in time they agree on a selling price and a transaction may or may not happen contingent on said asking price. And remember a day later the same quality coin could bring a different negotiated price!!!
Take it easy.....Leo
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