> Can anyone tell me the fair market value of a 1908 St Gaudens $20 from
> Philadelphia without the motto? It is certified by either NGC or PCGS, I
> don't know which. I'd also be interested to know of a web site which has
> information available. I used to look at a site which is no longer there.
> Any lead to a good pricing guide on the web, or a current fair market value
First of all, the fair market value first and foremost depends on the
condition of the coin. A certified MS-64 is obviously more valuable
than a certified MS-62.
Also, while one of the attempts of slabbing was to enable "sight unseen"
trading, it has actually hurt, in many cases, the value of really
choice pieces for a grade.
Think about it. If I advertised to buy slabbed MS-63 Saints for (say)
$600 sight unseen, I'm probably setting my price at what I would pay
for the very *worst* looking coin likely to get the MS-63 designation,
and probably sell it off to a wholesaler after that. If I were a
dealer, I'd be stupid to do it any other way.
Yet that also tends to underestimate the value of the more choice MS-63
Saints, those with very nice eye appeal (fewer marks, better luster,
and so on). So if someone sells it to a dealer "sight unseen," they'd
get less money than a reputable, quality-minded dealer would likely pay
for a "sight seen" MS-63 of very high quality (relative to the grade).
Of course, quality is subjective, but almost all of us can agree that
certain coins at a certain slabbed grade are "nicer" than others
also slabbed at the same grade.
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