1953 DDO 25c

[carnellrules3]

How rare is this coin, is this guy asking to much??

http://www.ebay.com/itm/NGC-PF-67-CA...e=STRK:MESE:IT

Thank You,
The new guy

[Merlin8971]

Value of the 1953 DDO

I looked up the NGC certification on the NGC site and they value this coin at $112.50.

However, Cherrypickers Vol II lists the 1953 Proof coin FS-25-1953-101 on page 185 with a value of a PF65 FS-25-1953-101 at $250. Cherrypickers Vol II values a PF66 FS-25-1953-101 at $350. One could extrapolate that a PF67 MIGHT value at $600+.

Why there is such a discrepency between the NGC value and the Cherrypickers value REALLY needs to be answered by the experts here (good luck with that).

Personally, I am probably like most here, I buy at the lowest possible price and I sell at the maximum price I can get. If a coin is valued on E-Bay or elsewhere at a high price BUT I need the coin for a collection I MAY pay the higher price, depending on how much I want the coin. Obviously, the higher the grade, the more the coin will cost. AS you might notice, a grade higher than the previous grade (i.e. PF65 versus PF66) will gain a greater value (sometimes an exponentially higher value).

You will find that one person may value a coin close to the NGC value or go with another value (Cherrypickers in this case), but it REALLY boils down to what YOU feel is a fair price. And....it IS certified as an error, which is more important (adds value) in error coins.

I personally would NOT pay the asking price for this coin (but I might pay $250 to $350 for the coin, if I could get it for that). But it is a very nice coin with scarcity being a key factor. NOW, another thing to consider is "How many coins exist at that grade. According to NGC there are only (3) coins graded PF67, so that may influence your value upwards. I did not check the population of PF67's with PCGS. To get the most accurate population one would have to research all grading companies and add them together for a closer total of coins in existance at that grade.

The Coin Collectors Survival Guide suggests, "If you cannot get a coin at the price you are willing to pay, wait a day and another one will come along." That perspective is to "live by" when collecting.

NGC and PCGS both allow one to verify a graded coin they have certified by going to their site and looking up the certification number of the coin.

Bottom line..... "A coin is worth what the market will bear." This is the MOST fuzzy part of coin collecting. Good Luck.

[carnellrules3]

I checked coin facts and found the last one sold for 725$

[Merlin8971]

Coin Facts

Coin Facts at PCGS should show the last five or six coins sold in the grade you are interested in (also shows recent NGC sales below PCGS). Those values could be averaged together to get an average price of the coin in the grade you are intersted in. One coin could have sold for $725, another may have sold for $590, ect. That gets you into the ballpark of the "true" value associated with coins of that grade.

Then it boils down to how bad you want the coin and if your wallet will support your decision. Good luck.

FYI.....in the past four years I have been able to gather together many coins that I want/need for my collection. I catalog each and every coin in my Excel spreadsheet and my average purchase price is about 50% of the retail values of these coins. I enter the cost I paid and the "Red Book" value (or Gray sheet value) into the spreadsheet and all costs and values are totalled in the spreadsheet. I then have a running total of my collection. (I also enter the coin's characteristics into the spreadsheet for identification. It is also possible to enter a photo of the coin into the spreadsheet entry.) That is the goal for all coins I purchase. It does not always happen for all coins I am interested in but that is what I strive for.