$85 in my judgment.
revised answer below:
Hi Mark
How is this possible when that is what the coin originally sold for when bought from the mint? You add zero premium for grading and/or the error?Brandon
all good questions. It's possible.
1. most mint products drop in value when they leave the mint. They were designed as bullion and although there is a high grade craze in moderns, I price things conservatively to reflect the lower end of what one would have to pay to get them.
2. I actually researched this and I'm not shooting from the hip. You're right it could be more. But errors are a niche market and vary a lot depending on whether it's an auction or retail or how many bidders are in on it. One might argue it's worth $60, and also that it's worth $150. A lot of this also depends on the value of time, how much time do you want to spend finding the collector that's looking for it? My assumption is people don't want to spend too much time doing that.
3. regarding the grading holder, here is a very important concept most many people do not understand: the value of a coin should not in anyway be affected by the fact that it's in the holder. Theoretically the holder has no bearing on the value which is linked to what is IN the holder. The holder makes it a more liquid investment because it's been authenticated and you know what you have. But there's an expression with experienced collectors and dealers: buy the coin not the holder.
I hope this clarification helps.
