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 Replies: 21 / Views: 3,108 |
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Pillar of the Community
United States
1839 Posts |
What are people's thoughts on using the price guides at the PCGS and NGC websites?
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Valued Member
United States
70 Posts |
Quote:In the past, when I determine an estimate of value for a pre 1965 U.S.coins I would generally start with the RedBook. Now, with the price of silver exceeding RedBook values how do I reconcile the two values? When the silver spot price is higher than the graded RedBook value, do I just value the coin at spot? Are there rules for adding precious metal values? Are there sources I should be looking at ? Red Book values should not be used for any reliable source guide for prices of anything, IMO, as that guide is printed once a year, and the prices are outdated by the time the issue is released. For silver prices, you're better off tracking the daily trade of silver, and other precious metals, from a source online like Kitco, or APMEX, and that is what you should value your silver coins at. Even the CDN is not helpful in tracking the spot price of PMs, daily. Edited by BUncirculated
10/27/2012 10:14 am
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Valued Member
United States
70 Posts |
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What are people's thoughts on using the price guides at the PCGS and NGC websites? NGC's prices are derived from numismedia.com, PCGS's price guide are retail pricing of the market. Neither of which, IMO, show what coins are actually selling for IN the market, and for that data it's better to track completed sales from several sources like, ebay, Heritage, and TeleTrade. |
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Bedrock of the Community
13014 Posts |
Quote:and for that data it's better to track completed sales from several sources like, ebay, Heritage, and Teletrade. If you do use heritage and teletrade remember to include the buyers premium in the price otherwise the prices are only accurate for those two sites and those two sites alone |
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Pillar of the Community
United States
1839 Posts |
Edited by Tbone
10/27/2012 2:44 pm
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Bedrock of the Community
13014 Posts |
Tbone unfortunately you have to have their coin facts subscription to see that
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Pillar of the Community
United States
1839 Posts |
I had a feeling that might be the case. Probably one of the better benefits of subscribing then.
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Bedrock of the Community
13014 Posts |
It is a very useful tool to have that all in one location and not have to look around everywhere. Of course a lot of dealers unfortunately dont care and still want what they want
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Moderator
 United States
16679 Posts |
I use a combination of CDN and numismedia to determine FMV's. Colonials, a whole different ballgame as there is no set price guide for them. Red Book, look at their prices as entertainment :) Ultimately, it comes down to what one is willing to pay..how bad you want it? swcoin.ecrater.com
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Valued Member
United States
70 Posts |
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If you do use heritage and teletrade remember to include the buyers premium in the price otherwise the prices are only accurate for those two sites and those two sites alone Actually, you would want to subtract the BP from those two sites because they are exclusive to those two sites. There is no BP on ebay that the buyer has to pay, and I don't include shipping when tracking completed ebay sales. |
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Pillar of the Community
2224 Posts |
Quote:
What are people's thoughts on using the price guides at the PCGS and NGC websites?
Guides only... Generally speaking, I've always felt they were about 15-20% on the high end. |
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Bedrock of the Community
13014 Posts |
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Actually, you would want to subtract the BP from those two sites because they are exclusive to those two sites. Things generally sell lower on there if you dont take into account the BP because the majority of people take into account the BP with how high they will bid. Rare items it doesn't apply too but common items youd be hard pressed to find for the price most go for on there without the BP factored in |
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Pillar of the Community
United States
1915 Posts |
As many have sated I use Numismedia. I is updated at least once weekly, and seems to be fare comparison to what realized prices are on the Bay.
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Pillar of the Community
United States
927 Posts |
I would say that if the silver value of a coin is higher than the RedBook price then it probably does not have much of a premium above silver spot price, if any. There are many coins in lower grades, even low grade barbers that sell for little over spot price. It really depends on whether you are looking for raw or slabbed coins. |
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Valued Member
107 Posts |
Problem with a Red Book, the prices are done 6 months before the book is published. Red Book in my opinion is just a guide that is used to recognize key date coin. Bullion market is too shaky and too many swings in market to use this book |
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Replies: 21 / Views: 3,108 |
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Posted 10/27/2012 10:13 am
