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 Replies: 14 / Views: 1,958 |
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Pillar of the Community
United States
1302 Posts |
What ratio of the PCGS price guide price do you feel comfortable buying a PCGS slabbed coin. I for one think that their prices are exaggerated by a factor of about 2.3 to 1 for MS-65+ coins and are about 1.5 to 1 for the rest.
I know there's a certain cache to having a hopefully genuine and clean coin put in a holder for resale- but is there a limit to what most of you will pay over what you'd pay for a raw coin?
I ask this because it seems the PCGS really is in the business to promote their service as the best in the market- and I feel their price inflation is there to provide "proof" of this advantage. I usually don't find NGC coins as unreasonably priced.
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Pillar of the Community
United States
3540 Posts |
Anytime a "service provider" places a value on the product that was serviced, there is some SERIOUS issues with this. The "service provider" is trying to control the market with their service.
If you had your car washed at shop A all of the time, does this add more value to the vehicle...versus if it was washed at shop B?
Buy the coin, not the holder.
Google "Omaha Hoard"....and look at all the pretty coins with high grades....that they don't deserve.
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Pillar of the Community
United States
3755 Posts |
I wouldnt pay attention to what those thieves say a coin is worth. I use Coinworlds values as a guide. I do pay attention to the grades they give though. Mostly they and the other three are within a grade of what the coin is.
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Pillar of the Community
United States
809 Posts |
I agree with acloco...buy the coin not the holder!  |
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Pillar of the Community
 United States
1302 Posts |
I'm not trying to start a discussion of buy the coin not the holder... Obviously, you buy the coin. Or at least it's obvious to me.
Let me put my question this way.
You have two equally nice looking 1939-S lincoln cents for the same price.
One is PCGS MS-66
the other is NGC MS-67
you can afford either, and to your eye they look identical. Which do you take?
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Valued Member
United States
447 Posts |
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Bedrock of the Community
United States
19931 Posts |
A lot of work goes into the PCGS price guide. The values are not made from thin air, they are based on actual sale prices. The owner of PCGS, David Hall, actually does a lot of the work himself. There's a video explaining it on their website. Nonetheless, the prices are usually skewed high, there's no denying that. Just consider it another price tool in your kit. There's so many price guides out there you have to look at a lot of places to get an idea for yourself.....never depend on the single price guide if you're shopping.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
1302 Posts |
@tornandfrayed... what's your thinking on your decision? if the coins are identical, why take the NGC67. Are you in this respect buying the holder?
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Pillar of the Community
United States
7185 Posts |
Yes he is buying the holder, I would too. If the price is the same and you could not see any difference in the two choices take the higher assigned grade.
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Pillar of the Community
United States
1205 Posts |
I've been buying PCGS IKES, mostly to study the grade, and, better MY grading skills...using the "Making the Grade" book has been the biggest help, and it points out the worst and "best" spots for hits on a coin, and, how they would affect a grade...that being said, I have some 71-D IKES at MS64 from PCGS..I have learned a lot, mostly, it is not always Die State that seems to affect the grade, it is mostly placement of hit marks, a coin free of a ton of planchet chatter, a good strong strike, a strong, clean rim, and, luster that all adds up to getting the grade...as far as pricing, this is a great time to buy...I just bought a 71-S Business Strike "Blue Pack" IKE, PCGS MS65, PEG LEG with a Buy-it-Now of 43 bucks...off ebay....it cost the seller 50 dollars JUST to have the Peg Leg Designation, plus regular fees, shipping, etc....if this coin has one of the matching DDO / DDR's, known on this coin, I'm REALLY in luck...I prefer to find my own, raw, but, this was too good to pass up...I am in the middle of making a PCGS MS65 Business Strike IKE Collection, and, with prices so low, it won't kill my budget....I prefer to buy at shows, as I really do enjoy Early Die State IKES, and, online, it's hard to show those details...one of my best buys was a PCGS MS64-D IKE, in the very rare VERY early die state...can't stop looking at that one...a true "First Strike" coin! Calvin |
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Pillar of the Community
United States
1302 Posts |
@ilikeikes I love your post. I am an Ike Collector too. The last "Silver" Dollar. I have two types of collections, a Dansco album collection - and a slabbed collection. I keep a list of Dansco'd coins that I could upgrade and I like to look for these at coin shows. I have a reference set of slabbed coins to help me grade- although with proofs the difference between 69 and 70 is almost negligible. In modern proofs it seems that 68 is a "problem" coin. I have all of the proof Ikes in 69 slabbed and I'm trying to put together an MS-67/68 Silver set. For those that are curious- the Danscos I collect are the Washington quarter (it is 96% complete at an estimated grade of MS-65- my 1932-S is AU-55-58 and my 32-D is AU-50) I collect at US Type Coins book with the Gold page which is complete. and I collect Kennedy halves. My Ike Set is slabbed and my Sacagawea set is slabbed and I collect pre 54 commemoratives. |
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Pillar of the Community
United States
3755 Posts |
OK, its simple. All else being equal, I buy the ANACS or ICG coin. Though we started a collection of PF69 ATBs from NGC, so I guess I will be forced to continue buying those.
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Bedrock of the Community
United States
20753 Posts |
There are a lot of price GUIDES on coins out there. You should really remember that they are just that, GUIDES. In real life there is only one REAL price on coins and that is the one listed right on the coins. A Quarter is only a Quarter of a dollar, or 25 Cents. That is what it is really worth and after that, it is worth whatever you or someone else says it is worth. And then too, if it is PCGS, NGC, Numismedia, The Red Book or ebay, you just have to remember those are GUIDES, not manufacturer's list prices. The only nice thing about a PCGS slabbed coin is almost all dealers sort of brag about a coin in a PCGS slab as if that makes it worth more. AND it really doea for many, many people. Coins are sort of like a really old chair. It is only a chair but to some it may well be worth a million dollars and to others it may be just something to sit on. I've always wondered if those Mummies in the Museums would be worth more if slabbed by PCGS.  |
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Pillar of the Community
United States
3540 Posts |
Good points. I still don't agree with a any service provider, regardless of service provided, putting out a price guide on an item AFTER the service was rendered.
The QUALITY of SERVICE should drive the market all on it's own. There are many blatant errors in grading - google "Omaha Hoard" and view for yourself.
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Bedrock of the Community
United States
10635 Posts |
Quote:
I buy the ANACS or ICG coin I'd break those open and send them into PCGS. They'll be worth more.  |
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Replies: 14 / Views: 1,958 |
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Posted 10/30/2011 09:49 am
