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 Replies: 17 / Views: 2,102 |
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Moderator
 United States
6563 Posts |
Most of the time the PCGS price guide reflects the highest amount One particular coin of that grade got.
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New Member
 United States
26 Posts |
Quote:
Most of the time the PCGS price guide reflects the highest amount One particular coin of that grade got. Well that seems like a terrible system. Wouldn't an average, or even a "should be sold for" price make 1000x's more sense? |
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New Member
United States
26 Posts |
Not to argue with a Moderator, but, GaceOutcast, I found this on coinlink.com: Quote:
The (PCGS Price Guide) prices are compiled from various sources including dealer ads in trade papers, dealer fixed price lists, significant auctions, and activity at major coin shows. Prices for the most actively traded coins are updated daily. And this on lsmint.com Quote:The prices listed in the PCGS Price Guide are the average dealer asking prices for properly graded United States coins. So it would seem I was correct in assuming that the PCGS Price Guide is an average of what the coin is selling for. Edited by alandistro
02/27/2009 06:35 am
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Moderator
 United States
56855 Posts |
alandistro,take a few of your slabs to your local coin shop and see what they offer you for them,let us know what happens. John1  |
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Pillar of the Community
United States
2335 Posts |
I'm not trying to rain on your parade, but....the prices coins sell for on ebay are a good estimate of fair market value. |
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Pillar of the Community
United States
2049 Posts |
Most people agree that PCGS price guide is high compared to commonly used price guides. Have you checked numismedia.com or the greysheet for comparison? Anyone can put a price guide together based on their own agenda and of course a place like PCGS would benefit from listing their graded coins on a higher scale than what a non PCGS price guide would say.
Also technically you're not "up" anything until you go to sell the coins and realize a profit. Something is only worth what someone else is willing to pay for it, and I dont know of too many people that pay full PCGS online prices for anything.
As long as you're happy with the purchases, that's all that matters in the end. :)
Edited by CoinHunter53562
02/27/2009 09:23 am
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Pillar of the Community
United States
1882 Posts |
Quote:And this on lsmint.com: The prices listed in the PCGS Price Guide are the average dealer asking prices for properly graded United States coins. That simply is not even close to true. The PCGS price guide is high, even as a retail guide. If you want something that claims to represent dealer transactions, go to greysheet.com and purchase a bluesheet for $4 or so. You can download the .pdf immediately. But I think that the bluesheet might even be a little high. Edited by steve199
02/27/2009 11:55 am
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Pillar of the Community
United States
1882 Posts |
Where are my manners?  to the forum! That's quite a weekend of buying (and I can relate to the addiction).  Hope you enjoy the coins. |
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New Member
United States
26 Posts |
Quote:
Welcome to the forum!
That's quite a weekend of buying (and I can relate to the addiction). Hope you enjoy the coins. Thanks Steve, I love them! (Overpriced or not,) they are so beautiful. =) |
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Pillar of the Community
United States
2335 Posts |
I don't think anyone was implying that you overpaid for your coins. We are just pointing out that the PCGS price guide is high in most cases.
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Valued Member
United States
317 Posts |
I don't think anyone was implying that you overpaid for your coins. We are just pointing out that the PCGS price guide is high in most cases. Exactly alandistro. First off, welcome to the board! And secondly, PCGS's price guide is VERY high ( one of the many reasons I detest them ). Like everyone said, grey sheets, blue sheets and Numismedia are better, but I agree with what trd said, the ebay selling prices are a very good indicator of the actual going price of any given coin. |
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Pillar of the Community
United States
1882 Posts |
And I wasn't saying you overpaid, either...you can compare to other ones that sold on ebay to figure that out. |
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Bedrock of the Community
United States
10982 Posts |
alandistro Paying 66% of PCGS price guide is pretty good. Keep an eye on numismedia.com and a Greysheet if you have access to one. Watch out for overpriced, ultra high grade moderns and keep the OCG (optimal collecting grade) in mind when buying. OCG is the grade point below where a big jump in price occurs for a given coin. You're off to a good start and CCF is a great place to pick up tips. I've learned a lot here. |
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Valued Member
United States
250 Posts |
 In a pinch I would bid between 60% and 70% of PCGS in an ebay auction. Especially for the the modern coins as they have to build in some of the costs of their grading to the lower cost coins. |
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Valued Member
United States
429 Posts |
Personally, I think you did good. If I went to the local coin store and wanted to buy the same thing, they would be priced according to PCGS's price guide. In fact, every coin store I have gone to (not a ton) have theirs priced the same way. They are the leading authority on graded coins and make sure what the grade on the front is.
What everyone is trying to say is: buying and selling are two different beasts all together and you will be lucky to break even if you tried to sell them today to a dealer. The only way you will see a profit is to sell them to another collector or through an auction house. You did the right thing by getting PF69's and deep camios as well.
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Replies: 17 / Views: 2,102 |
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Posted 02/26/2009 10:59 pm
