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 Replies: 34 / Views: 2,347 |
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Valued Member
United States
78 Posts |
I'm going to go through my collection and trying to figure out what it is worth because some of the coins I want to let go. I started with my Walking Liberty half dollars. I have 28 coins; most are 64's and probably the most valuable coin is 29-D at a 58 or a 1937 at a 66. At any rate, according to NGC. the coins value at $3450 and according to PCGS, the collection values at $4567. ( All my coins are in NGC holders). I went on to ebay and picked the lowest price 'buy now' coin in my grade in either an NGC or PCGS holder and get a value of 4330 for the set. How do I settle on a fair value with a dealer if I want to sell all 28 coins ? As an aside, is a PCGS graded coin really worth 30% (on average) more than an NGC graded coin ? Thanks for suggestions |
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Pillar of the Community
United States
5843 Posts |
When selling a collection you have to consider the market. For example some coins will sell at the dealer really quickly and you will closer to retail for those. Others will sit for a long time and you won't get much for those, no matter the value. Your dealer will most likely use Grey Sheet to get you a value. Using Ebay/NGC and PCGS pricing isn't a great way to value a collection UNLESS you are selling it yourself. Based on my experiences the most likely price you will get if you sell yourself is based on eBay sold. I don't look at ebay prices as they are negotiable. Between NGC and PCGS, PCGS prices tend to be slightly more accurate. As to whether an NGC or PCGS case adds more or less to a coin, its all market driven. I've seen examples of NGC coins selling below market and the same with PCGS. I recently saw a beautiful proof IHC in an Anacs slab sell for much more than a comparable NGC/PCGS. You have to look at each coin individually. But to answer your question, you need to get greysheet to find out what a dealer will pay. |
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Moderator
United States
44442 Posts |
1) You can't use PCGS prices for NGC graded coins.
2) If you sell them on eBay, expect to pay around 20% in fees and expenses (and don't forget additional possible income taxes).
3) A dealer has to pay you as little as they can so that they can turn around and sell them for a profit. "Fair value" has to work both ways.
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Valued Member
United States
78 Posts |
Thanks. Can you tell me where/how to get a gray sheet ?
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Pillar of the Community
United States
5843 Posts |
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Valued Member
United States
78 Posts |
Thanks for the link....can you (or anyone) tell me why PCGS has two numbers showing in their price guide ?
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Pillar of the Community
United States
5843 Posts |
Can you send me a link to what you are seeing? (PCGS having 2 prices)
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Valued Member
United States
78 Posts |
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Valued Member
United States
78 Posts |
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Pillar of the Community
United States
1565 Posts |
It's for + grades.
MS64 or MS64+ would be the 2 different prices.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
Edited by NumismaticsFTW
03/24/2023 10:00 am
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Pillar of the Community
United States
5843 Posts |
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Pillar of the Community
United States
2350 Posts |
My local coin store was really busy yesterday. Oddly, folks were buying and not selling, considering the market prices went up yesterday. However, I did notice a larger quantity of Walking Libs that they don't normally have quite so many.
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Pillar of the Community
United States
5843 Posts |
Here is a copy of a spreadsheet I use to track my purchases. I haven't renewed greysheet so the numbers aren't current:
Item # Coin Cost Notes PCGS Price Guide NGC Price Guide 5/2022 Grey Sheet Grade
FE 1 1857 $100.00 Hyatt Coins $125.00 $105.00 $70.00 NGC VF 30
FE 2 1858 SL $200.00 Green Brook $290.00 $315.00 $282.50 NGC AU 53
FE 2 1858 LL $45.00 Green Brook $80.00 $110.00 $57.50 NGC VF 25
1 1859 $180.00 El Cerrito $210.00 $180.00 $160.00 PCGS AU 50
2 1860 Pointed Bust
3 1860 Rounded Bust $107.00 Ebay $150.00 $135.00 $95.00 NGC AU 55
4 1861 $84.99 Ebay $100.00 $100.00 $80.00 NGC XF40
5 1862 $125.00 Green Brook $240.00 $160.00 $180.00 NGC MS 62
So as an example my 1858 SL flying eagle cost me $200.00, the PCGS Price Guide is $290.00, NGC is $315.00 and grey sheet is $282.50
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Pillar of the Community
United States
3540 Posts |
Might consider emailing Great Collections as another option as well.
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Pillar of the Community
United States
800 Posts |
NGC is much slower to update their price guide in this rising rate environment.
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Pillar of the Community
United States
5425 Posts |
If you needed cash right away selling the entire lot, you will definitely not going to get the best value.
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Replies: 34 / Views: 2,347 |
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Posted 03/24/2023 08:43 am
