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 Replies: 44 / Views: 4,843 |
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Pillar of the Community
United States
1915 Posts |
I really feel the best source for current prices is the completed listings on ebay. That gives you exactly what the current coin community is paying. Auctions that are open to the public have ALWAYS been the best source of true value. I was an antiques dealer for 5 years and always knew what the market would pay. |
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Pillar of the Community
Canada
838 Posts |
I once was a bit upset (not a big deal though in retrospect) and thought about leaving -- but I'm sure glad I've stayed. The kindness and wisdom here will show up again and again -- trust me.
About the PCGS prices, I'm wondering, if everyone agrees they are too high, then in what sense are they "prices"?
Are they meant to be in pesos? ... for those buying under the influence? ... something to tell the insurance company when things go missing? ... or simply wishful thinking?
Edited by bibd
04/27/2010 4:23 pm
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Valued Member
United States
462 Posts |
It behooves PCGS to post higher "prices" on their website. It implies that getting your MS61 coin graded by them makes it more valuable and an ungraded MS61 coin.
It's just business Michael.
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Pillar of the Community
Canada
838 Posts |
Yeah -- makes sense. But look how misleading that practice can be?
To be fair, I think their prices are not too bad for lower grade key dates, where certification is quite important.
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Pillar of the Community
United States
8904 Posts |
Just my opinion: You're going to get a straight answer here, particularly if you ask for one. But, that's why we all are here. We're here to ask questions and learn, to grow and to help each other out when it comes to Numismatics (and actually a lot of others things too, you'll find!) Rastatodd, I'm glad you've decided to stick around. It takes a Big Man/Woman to apologize like you did. Good on ya!  |
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Bedrock of the Community
United States
14454 Posts |
the PCGS price guide is High retail prices, it is not something you could go to a dealer and get for your coins if you were wanting to sell. It is not for raw coins it is for coins that have been graded by PCGS and problem free. I am not sure how they get their figures but I am guessing they take the 5 highest sales they can find for any particular date/mm coin and then average it out to get their figures, but we as collectors know all coins of the same grade are not equal so this is just what it says, its a guide not a fact on what every coin is worth. there are a few series that I would love to get at their prices but most of them are over priced according to what is actually out there on the market and what they actually sell for
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Moderator
 United States
187446 Posts |
Quote:Rastatodd, I'm glad you've decided to stick around. It takes a Big Man/Woman to apologize like you did. Good on ya!  |
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Valued Member
United States
467 Posts |
Don't sweat being told you got an avg deal, early on in my collecting I thought I got a great deal on a "Super Shiny" Bust Half dollar. I brought it to my dealer and was told I overpaid. It was actually hard to swallow, I was embarrassed more then anything.
But it has taught me to spend more time at communities like this one to learn this hooby.
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Bedrock of the Community
United States
10284 Posts |
This is good news! You posted a most admirable returning comment Rasta.
I just want to add this. The cost of getting a coin graded by PCGS would also be part of the total cost of your purchase so I think it was an OK deal for sure.
Also, you have a good example now of what an MS66 2005-D Jefferson Bison Nickel Business Strike should look like.
It can help you learn a bit about grading.
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Pillar of the Community
United States
1534 Posts |
I have to make a quick confession. I misread the original post and believed the nickel had been purchased for $70, a bad mistake on my part, which is partly why I stressed he had not gotten a good deal.
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Bedrock of the Community
United States
19930 Posts |
Never get offended at what people say in a forum. While not every poster is going to offer worthwhile advice, many more experienced collectors will. Take it all in and digest it....but try not to get emotional or personal. You need to do more than just read to really learn in depth. If you don't understand something, then ask....that's how you learn. When it comes to numismatics, we are all students. NOBODY knows everything but everyone knows a little something. When everyone contributes to a thread, even if it's a question, we all learn. If everybody did nothing but stalk, we'd have nothing.....food for thought.  |
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Pillar of the Community
United States
4000 Posts |
And don't forget...free popcorn  |
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Valued Member
United States
376 Posts |
I agree with all the above posts particularly Scooby's. $14.50 misspent, man I think you got away easy and you still got your nickle. Being thin skinned is a trait that won't help you here. Take the many years of advice available here and learn something. Next time you'll know better and maybe it will save your a much larger sum of money!
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Rest in Peace
United States
4849 Posts |
I initially joined coin community because of 1 coin. I purchased a $3 gold coin for over $600, and I wanted some opinions on it. It turned out that the coin was counterfeit, and I was out a lot of money. It almost turned me away from coin collecting forever, and I was at a fork in the road with this hobby. I decided instead turning away to dedicate more time researching and understanding coins. I have made up for that loss since then, and I have the knowlege and encouragement gained from this forum to thank for it.
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Pillar of the Community
United States
1840 Posts |
When I was starting out, I thought a got a really good deal on a 1996 MS 67 Washington quarter based on PCGS prices. I only paid $20 for the coin, but it was listed for over $100 at the time. Come to find out quarters were struck particularly well that year and my great buy wasn't the rarity that I thought it was. You can't get mad at stuff like that. Just consider it part of the learning curve. As far as SuperDave is concerned, be happy a guy like that gives advice for free. I've been a member for almost four years and his advice is always spot-on. He also doesn't comment in areas that he is not familiar with. The man is a real asset to the community. |
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Posted 04/27/2010 4:22 pm
