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 Replies: 24 / Views: 2,454 |
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Valued Member
United States
228 Posts |
I have been looking at 1889 CC Morgans on ebay lately. You can get a NICE AU coin for around $500-$1000, while the book shows 7000 dollars.... So, my question is why have a price guide ? What is the true value of the coin ? I have been noticing this on a lot of coins lately. How do you tell the REAL value ? |
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Forum Dad
 United States
24161 Posts |
quote:
What is the true value of the coin ?
What it sells for... to you, and that's all that matters. Price guides mean nothing. Anything is only worth what you can get for it, not what some piece of paper says, I don't care who wrote it. 
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Moderator
United States
23522 Posts |
Price guides are pretty much all written by parties which have a vested interest in prices being high - dealers, TPG's, and their dependants. The only "price guide" I use is real-world results of sales, and even then that's only a guide. In the end analysis, nobody but me decides how much I'm going to spend on a coin. At least, that's how I rationalize it.  |
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Pillar of the Community
United States
882 Posts |
One of the main reasons I pay attention to price guides is so I never pay too much for a coin. But yes, you can usually get the coins you want for a better price if you shop around.
Ty
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Pillar of the Community
Australia
1262 Posts |
Price guides are just that....a guide.
Usually the price is a full retail value....but as you already know you can pick up what you want at a lower price than what is in the guide.
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Pillar of the Community
Australia
655 Posts |
I've noticed the same thing over here in OZ. Most coins on ebay go a LOT cheaper than book value, even after freight. But if I were to walk into the coin store to buy a coin, they pick up the book and that's what I would pay. Makes buying from a coin store very unattractive, except for new releases. |
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Pillar of the Community
 United States
5953 Posts |
The Price guide it there so that those collectors who did not read the book before they bought the coin get an expensive lesson.
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Pillar of the Community
United States
2365 Posts |
The key word there is "Guide". I think of a price guide as the old SRP Standard from the past. You can always buy something for more or less than the listed price. I do believe that a Coin Price Guide represents the going prices or what a coin has sold for somewhere along the line. You wouldn't want to pay $100 for something that is only marketed and being sold or valued for $10! (The reverse is always good though  ) Remember too that in the world of coins the prices do actually go down depending upon what is being bought/sold, popularity and hoards being released into the public. Edited by dsking
02/19/2007 10:00 pm
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Pillar of the Community
United States
751 Posts |
Kerry, I just spent a few minutes looking through ebay results and didn't come across any that fit your description. That price seems awfully low to me, but it's not my area of collecting. Would you mind posting some links to a few of the auctions from your watch list? Maybe we can figure out if there is some reason these coins are going for VG-F money. BTW, the only price guide I use is CDN, and I think it's as close as a guide can be to the pulse of the market. |
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Valued Member
 United States
228 Posts |
Here is a few..... 270090636744 280083000252 140087426072Anyway, I know that these are not perfect by any means....But when the Red Bood says $2100 in VF, what would these be worth ? I think they look like pretty good deals.... |
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Valued Member
United States
397 Posts |
The first 2 are fakes in my opinion, and the last one is so beat up, I cannot tell for sure.... Caviat Emptor --- BIG TIME MM  |
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Pillar of the Community
United States
751 Posts |
Kerry, thanks for posting these auctions--a lot of folks are reluctant to post current auctions that they're watching for fear of being outbid by someone else on the boards. I for one wouldn't do that.
It seems like a long time ago, but once I posted about why bids were so low. But I soon learned that most of the people bidding for these coins will only bid via snipes. So the current prices don't have much of a connection to the final prices. I wouldn't get at all worked up about a $5k coin only bidding $500 several days before the auction close.
As for these three auctions, here's my opinion:
#1) I worry about anyone saying that he's not sure about the authenticity of his coin. To me, that's a red flag. I'm not a top student of Swamperbob's, but do I see hollow denticles on that coin?
#2) This pic is too washed out to make much of a judgement. But I'm pretty sure I see rim damage. I would definitely ask for better pics.
#3)I'm pretty sure you know that the 3rd coin is a far cry from AU.
Best of luck on your search.
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Pillar of the Community
Canada
1267 Posts |
quote:
Anyway, I know that these are not perfect by any means....But when the Red Bood says $2100 in VF, what would these be worth ? I think they look like pretty good deals....
I just took a quick peek in the Heritage auction archives, and 1889-cc that have made it into pcgs plastic in vf-35 are realizing close to the $2100. Kerry67, if you are looking at purchasing an 89-cc, I strongly recommend purchasing one already slabbed, and preferably by pcgs. There is a reason pcgs key-date Morgans go for a premium, and you will always have the comfort of knowing there will be a strong market for your coin and that the coin you have is the real deal. The 3 coins you posted links to are raw for a reason, heck one of the sellers admits even he's not sure it's real. Raw + Key-Date + ebay is a recipe for almost certain disaster. |
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Valued Member
United States
228 Posts |
Thanks for the replys. I guess my question is........take the 3rd coin that I put a link to. The book only shows prices from VF on up. So, what would a coin below that be worth. Since I will never be able to spend a couple grand on a coin, what are fair prices below that ?
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Valued Member
United States
81 Posts |
Dealers have their grey sheet and some collectors use Red Book. I like to use NN Monthly price guide. That is a fair basis for trading/selling/buying. |
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Pillar of the Community
United States
2600 Posts |
Ok, guys, for the less enlightened (me) how about defining the abbrevations. CDN, NN not sure I have any idea what they are and I am probably not the only one. Also, were does one subscribe to the dealers Grey Sheet?
Thx, Jim
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Replies: 24 / Views: 2,454 |
Posted 02/19/2007 8:46 pm
