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 Replies: 13 / Views: 1,798 |
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Valued Member
United States
487 Posts |
Back for another try, lets start with a question. What price guide do collectors on this site use to make their decision when it comes to making there future coin acquisitions? I have used the RedBook and I'm toying with subscribing to Coin Dealer Newsletter "Greysheet" or would having both be a better choice. I have Subscribed to the PCGS Coinfacts to help with pricing my TPG coins. Your input would be greatly appreciated! Thanks, Rastatodd |
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Bedrock of the Community
United States
10982 Posts |
About every 6 months I buy the latest online editions of the Greysheet (CDN) and the Monthly Supplement. They run me around $6 each time I buy them and they're well worth it.
For day-to-day retail pricing numismedia's FMV provides free retail pricing on most U.S. coins. It's high on many series' but does give you an idea of where "sticker price" might be.
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Pillar of the Community
United States
1934 Posts |
i have both cherry picker's guides Red Booki use numismedia's website and pcgs's website. i also check out going and historical prices of various online auctions and auction reports. Edited by j_h_s
05/02/2010 12:53 am
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Pillar of the Community
United States
4000 Posts |
I think most members view PCGS' price guide as inflated. I also use a combination of the RedBook, Numismedia, and the greysheet. A good way to find out what the market is really paying, like j_h_s suggested, is to use a search (of like ebay, for example) for closed auctions. |
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Pillar of the Community
United States
1934 Posts |
pcgs is way overpriced; they do list some varieties in their price lists that are not on other price lists.
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Valued Member
United States
258 Posts |
I use a variety of sources. Keep in mind the RedBook is out of date by 9 months to a year normally and this is assuming you have the latest version ie. the 2011 which was just printed. The greysheet is wholesale so it gives you an idea of the floor of most coins although I have bought and sold items at below greysheet depending upon my local market. The internet is the most powerful research and selling tool ever created. I consider the leading auction site to be a wholesale market for the most part. Prices vary significantly there depending upon who is looking at the time. I have purchased and sold bargains as well as items for top dollar. Lastly and this is most important I use gut instinct and experience. Bulk generic material is always going to be bulk and generic thus I price it accordingly. Rare and better quality material is priced at a premium or at least top dollar depending upon what it is. Just remember guides are just that, a guide. Nothing ever replaces experience and education. Knowledge is power. Getting that knowledge takes time and coin community is a GREAT place to get some of that free gold we call education. Sincerely, John Leckrone |
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Pillar of the Community
United States
1534 Posts |
The Red Book and PCGS price guide is overvalued by a large amount in the vast majority of cases. Even though the PCGS price guide is meant for PCGS certified coins, it is still overpricced. Numismedia is fine, although it is still overpriced in many situations. Greysheet is usually the best guide, it is most accurate to what you should pay. |
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Pillar of the Community
United States
1304 Posts |
I have the RedBook and just recently got a free sample copy of the greysheet. I am planning on doing what bherring1964 is doing but I would like it in the paper edition if possible. |
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Valued Member
United States
322 Posts |
Good advice. I mainly use Grey sheet since I think it is a good price guide. But my Grey sheet getting old. Scooby just saved me by telling me how to get the current one. Bid conservatively and bid when you don't have many competitors. You might find me there.  Samuel tan |
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Pillar of the Community
United States
1840 Posts |
I think Heritage Auction's archives can be a good barometer of what a coin is worth. A free membership lets you see what similar coins have sold for in the past and they reference Numismedia for you as well. I haven't bought from them in a while, but I think David Lawrence also keeps track of past auctions for registered users.
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Pillar of the Community
United States
1409 Posts |
I buy Greysheet quarterly, as mentioned, its about $6 to do so and print it up. I have the April one with supplement right now and will buy July later. I also use completed auctions on ebay and Coins Magazine, which I subscribe to. RedBook is not really something I use for pricing, but more for info, grading assistance, etc. |
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Valued Member
United States
51 Posts |
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Valued Member
United States
429 Posts |
It all depends on where I am buying from. I try to use the same guides to where I am buying from and then cross reference those with others. As long as I feel that I am getting a good deal, I do not care that much.
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Valued Member
United States
300 Posts |
I like to use the RB for a vague reference, more for mintage #'s, for pricing I may use several dealers, ebay, or "ask" sources I have close at hand that have brick and mortar shops |
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Replies: 13 / Views: 1,798 |
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Posted 05/02/2010 12:52 am
