| Author |
 Replies: 10 / Views: 1,806 |
|
|
Valued Member
United States
462 Posts |
I know that people want to get as much as they can for an item, but does anyone else feel that coin pricing guides haven't kept up with supply and demand? I did a search on ebay for 1916 Standing Liberty quarters and got many results. The prices for most of these were in line with what coin pricing guides (I usually reference Numismedia) recommend as the value. With so many of the coins listed, and people obviously not willing to pay the high price, should the value of the coin be downgraded? If no one is willing to pay $17K for a coin listed in the pricing guide as $21K, shouldn't that pricing guide be updated to reflect that? Sorry for the rant. I was just wondering if anyone else noticed trends like this. |
|
|
|
Pillar of the Community
United States
1566 Posts |
Most price guides are offered by parties who have a vested interest in high coin prices. I don't know of any good price guide that reflects real world prices.
|
|
Bedrock of the Community
United States
20753 Posts |
Just try to remember that word GUIDE. There is no manufacturers suggested retail price on coins. A coin is worth what it states on the coin. A Dime is worth $0.10. Whatever people try to sell it for is what it is worth only if it sells for that. No GUIDE can keep up with the constant changes in such a world. Just look at the Red Book's prices. |
|
Pillar of the Community
United States
7390 Posts |
Remember phone books?... Price guides are on the same track. Just like googling a phone number, real time auction results are only a swipe away and reliable
|
|
Pillar of the Community
United States
1839 Posts |
I'll give my usual answer. If your focus is slabbed coins (PCGS, NGC, ANACS and ICG) use recent auction results as a guide. You can get them here: http://www.pcgs.com/auctionprices/Edited by Tbone
04/24/2015 6:04 pm
|
|
Moderator
 United States
23522 Posts |
I honestly think numismatics is outgrowing published price guides.
|
|
Pillar of the Community
United States
5825 Posts |
Quote:
I honestly think numismatics is outgrowing published price guides. Interesting. I'm doing an upgrade to my coin inventory. I am using the same pricing source as I had several years ago when I did my last update. My pricing source IS NOT auction results which would be the most accurate and realistic. But as long as I use the same source at least the price changes are relatively correct. So far the results indicate that the coin market is going down. Not seriously but certainly annoyingly. Someone is taking the time to adjust prices based on some source. |
|
Pillar of the Community
United States
1704 Posts |
Quote:
I honestly think numismatics is outgrowing published price guides. At least for original problem free 19th century coins and certain 20th century dates/mints a published price guide, especially the greysheet, you can completely disregard them. Price guides will still be somewhat relevant for most 20th century issues and the modern coins. 19th century problem coins have always been difficult to put an accurate value on and will continue to be that way regardless of rarity. Auction records can also be misleading in that they do not distinguish problem coins from original coins with eye appeal so an average value for a particular coin could be skewed by as much as hundreds of dollars as dealers use auction companies such as Great Collections and Heritage to sell their old unsaleable inventory. |
|
Rest in Peace
United States
18456 Posts |
Coin prices are what each individual is willing to pay for a particular coin. however one needs some kind of guide to go by. I myself use Coins Magazine for average pricing. if I buy my coins well below the prices stated in the magazine I'm very happy and will buy the coin, If not I'll pass.  |
|
Moderator
United States
188560 Posts |
Quote:
I honestly think numismatics is outgrowing published price guides. In this age, anything published with variable information is going to be outdated before the ink is dry. |
|
Pillar of the Community
United States
1450 Posts |
Common silver and gold coins reflect the market price for silver and gold. Gold selling for less than $1200 an ounce and you can buy a common Saint-Gaudens $20 gold piece for maybe $1400-1450. Nobody knows where the precious metal prices will go from here but I would bet that if there is a whiff of inflation the prices will head up just like all tangible assets. Right now intangibles like stocks are hitting new highs every day.
|
| |
Replies: 10 / Views: 1,806 |
|
Posted 04/24/2015 11:05 am
