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 Replies: 22 / Views: 8,890 |
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Pillar of the Community
 United States
2843 Posts |
Quote:
And the priving on PCGS (website) where are those prices coming from? Auctions or out of a magic hat? I see you did not like what said. I apologize if you are offended. All I am saying is, that somehow PCGS consistently prices items higher than retail. They obviously have some program that compiles data and calculates a price, but you can be generous with the parameters of the program to allow for max money. Until they make their algorithm and data sources public, we can only guess..... |
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Pillar of the Community
United States
745 Posts |
I use the grey sheet
Tim Hughes
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Pillar of the Community
 United States
558 Posts |
@BigSilver - *pricing* and it's not that I didn't like your answer, I just don't like the fact that pricing isn't as accurate as it could be. I am sorry if my comment came across as rude.
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Pillar of the Community
United States
3843 Posts |
Quote:
I like NumisMedia for retail prices, that is, what you would expect to pay for a coin.  Although ebay sold listings are one of the better tools in gauging value and the marketability of certain common coins. Useful to look at completed sales also to see what didn't sell, some categories have more unsold listings than sold, gives you an idea of how thin demand is. |
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Forum Dad
 United States
24162 Posts |
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They obviously have some program that compiles data and calculates a price, And who submits those prices? Dealers. And who wants to sell their coins for the most money possible? Dealers. When the dealers report the prices they will always be inflated. In any business. Beckett Sports card guide is the same way, even worse. Heck there are cards listed in there at $20 that if you started them on ebay at 99˘ they wouldn't sell. |
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Pillar of the Community
United States
7390 Posts |
Beckett is still a thing? I remember pouring over those and getting so excited when I was a kid. Of coarse there was no.eBay in the early 90s so I thought I was rich lol
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Valued Member
United States
411 Posts |
some of what each of you said is what I go by when buying. Here of late I noticed that most coins are selling for less than they were a month ago.
each of your price guides are printed about a week to a month in the past.
I look at a coin and decide what its worth to me.
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Moderator
United States
56855 Posts |
I like NumisMedia and ebay sold values. John1  |
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Pillar of the Community
United States
1191 Posts |
ebay sold auctions and "PCGS auction prices realized"
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Pillar of the Community
United States
604 Posts |
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LCMH, the same situation exits with all collectables. Pocket knives, cars, sports memorabilia, etc. And if you think you've got it figured out, you're doing better than I am.
An auction is basically a market test based on the circumstances. No two people are likely to agree, and the circumstances may never be the same. I find it best to look at all available resources to get a general idea of what a particular coin is selling for. I then have an idea of what I might expect to pay. No matter what coin I purchase, I always feel like I pay retail and very rarely feel as if I "stole" the coin. Condition is everything when determining a price and that is what you need to try to focus on when evaluating the coin. For example: an AU-58 Type 1 1917 Standing Liberty quarter can have multiple prices from different resources. What those resources won't/can't tell you is the condition it is in. A blast white example of that coin in the same grade will sell higher than one with dark or yellowish toning. Look at the coin, evaluate and determining what you are comfortable the value is based off a "general" consensus of all available resources is the best way to go IMHO. |
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Pillar of the Community
United States
513 Posts |
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I like NumisMedia for retail prices, that is, what you would expect to pay for a coin. Quote:I like NumisMedia and ebay sold values. |
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Pillar of the Community
United States
6326 Posts |
I just post and ask HERE what my coin might be worth....  |
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Pillar of the Community
United States
558 Posts |
I didn't think that they liked giving someone an estimate on what their coins may be worth?
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Valued Member
United States
282 Posts |
Lincoln - this is why. Please define "worth".
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Pillar of the Community
United States
840 Posts |
Bear in mind a coin is worth only face value until it is sold to someone who appreciates the numismatic value of the coin.
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Replies: 22 / Views: 8,890 |
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Posted 06/22/2016 6:10 pm
