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NGC /PCGS

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Valued Member

Australia
87 Posts
 Posted 12/31/2011  5:29 pm Show Profile   Bookmark this topic Add demerest to your friends list Get a Link to this Message Number of Subscribers
can someone please tell me how to buy a coin that has been grade by pcgs/ngc
when I put the certifaction number of the coin,
it just comes up but it says price not available.
how am I supposed to bid on coins when ngc/pcgs wont tell me how much the coin is worth
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jaycutler's Avatar
United States
118 Posts
 Posted 12/31/2011  8:50 pm  Show Profile   Bookmark this reply Add jaycutler to your friends list Get a Link to this Reply
Your best bet would be to get past auction prices from Heritage and Teletrade as well as grey sheet subscription.
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mitchhailey's Avatar
United States
1150 Posts
 Posted 12/31/2011  11:03 pm  Show Profile   Bookmark this reply Add mitchhailey to your friends list Get a Link to this Reply
Those two have their own price guides, however they are usually high. I would stick with Grey sheet prices as a guide.

Find the coin and grade on the grey sheet and then bid/buy said coin within a price range you are comfortable with.
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Sap's Avatar
Australia
16832 Posts
 Posted 12/31/2011  11:33 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
PCGS and NGC are "third party" graders. That means they don't sell coins and aren't directly involved in buying, selling and trading them at all. All they do is grade and slab, and maintain the price guide for what they think their coins should retail for.

So, to buy a slabbed coin, you do exactly the same thing you do when to want to buy a normal coin - find someone selling one, and buy it off them.

As for pricing, since you're posting your question here in the Australian section, I assume you're talking about a non-American coin. PCGS doesn't maintain a pricelist for weird foreign stuff. NGC has a world coin pricelist, but for the most part it's just copy-and-pasted straight from the Krause catalogue - in other words, the values for raw coins, not slabbed ones.

Which is all a long and roundabout way of saying what jaycutler said: the only way to find out "fair price" for a slabbed Australian coin is to check to see what similar coins have sold for before, on sale and auction databases like Heritage.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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biggfredd's Avatar
United States
9104 Posts
 Posted 01/01/2012  12:17 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
I would stick with Grey sheet prices as a guide.


Grey sheet is for properly graded coins.

Blue sheet, almost always lower, is for slobbed coins.
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