Question

A coin collector treasures his 1969minusS doubled die obverse Lincoln cent because he found it in his pocket​ change, rather than purchasing it. He can sell it on the open market for​ $35,000, but would only sell it for at least twice that​ price, due to its sentimental value to him. It is anticipated that the coin will increase in market value in the foreseeable future. What is the value of the​ coin?

Answer 1

Answer:

$35,000

Explanation:

The value of the coin is equivalent to the selling price i.e $35,000

As it is mentioned in the question that coin would be sell in the open market instead of purchasing it

Since the coin is sold at the open market so the same is to be considered

And, therefore the value of the coin is $35,000

Hence, the first option is correct