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 Replies: 13 / Views: 1,734 |
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Valued Member
United States
121 Posts |
What does this value represent? I understand that the NGC/PCGS are overinflated; does this HA value inject reality into the market (aside from the obvious auction prices, which are inherently volatile)?
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Moderator
 United States
23522 Posts |
Heritage "values" are real-world prices coins actually sold for, to actual collectors. The size of their sample (One and three-quarter million coins, going back twenty years) is large enough to be statistically significant, and you won't see as much volatility as you think.
I base all opinions of price I post here at CCF primarily on Heritage results, for coins relevant to their usual offerings.
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Pillar of the Community
United States
589 Posts |
Quote:
Heritage "values" are real-world prices coins actually sold for, to actual collectors. The size of their sample (One and three-quarter million coins, going back twenty years) is large enough to be statistically significant, and you won't see as much volatility as you think.
 Some weeks I track as many as 25 coins and use their price guide to put in my bids. |
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Pillar of the Community
United States
5825 Posts |
I've never checked to see if the Heritage results posted are with or without buyer's fee.
Anyone know?
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Pillar of the Community
United States
589 Posts |
Quote:
I've never checked to see if the Heritage results posted are with or without buyer's fee.
Anyone know? with buyers fee. With your collection if you were to ever sell it @Heritage it would not be on the Weekly Sunday or Tuesday auction. |
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Valued Member
United States
234 Posts |
Quote:
What does this value represent? I understand that the NGC/PCGS are overinflated; does this HA value inject reality into the market (aside from the obvious auction prices, which are inherently volatile)? Are you referring to the "Numismedia Wsl. Price for problem free NGC/PCGS coin in..." line of the HA item description? |
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Valued Member
United States
291 Posts |
You also need to factor in the Seller's fee(s).
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Pillar of the Community
United States
1839 Posts |
I'm pretty sure he means this one (circled in red)  Quote:
*The Heritage Index™ is based on recent wholesale and auction transactions for NGC and PCGS certified coins. Infrequently traded coins may therefore show outdated prices. Our experts constantly refine and adjust individual prices based on their trading experience, but errors are still possible. If you notice any mistakes in the prices listed, or can suggest adjustments based upon more recent sales records, please e-mail your comments to Webmaster@HA.com so we can adjust these prices accordingly. These value ranges should not be considered an offer to buy or sell. Many factors go into pricing coins including relative rarity and eye appeal. The listed prices do not apply to coins graded by services other than NGC and PCGS, and even some NGC and PCGS coins may sell for substantially under or over these price ranges. Please use them as an indication only. I've noticed that every once in a while this number is wildly over stated though. Edited by Tbone
06/12/2014 6:57 pm
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Pillar of the Community
United States
500 Posts |
They semi-recently added this - I like it. HA is a great tool to use for estimating "real world" FMV.
Ever since numismedia and NGC stopped being "the same", HA seem to understate the NGC retail a fair amount though. Not sure why that is, but it tends not to match the NGC sites numbers anymore!
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Moderator
United States
23522 Posts |
That's because Heritage bases their opinions strictly on known sales....as I said here before. Everybody else "estimates."
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Pillar of the Community
1028 Posts |
The question has already been answered, but I wanted to add that I think the heritage values are the best to go for any slabbed coin of value of at least $100.
I also want to add that the NGC/PCGS are not always inflated. They are indeed high more often than they are low. Everything modern is well above true market value for example. However, certain coins and even certain series are under-valued according to their prices.
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Valued Member
United States
234 Posts |
Does HA provide a comprehensive price guide table like Numismedia, or is this on individual listings?
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Valued Member
United States
462 Posts |
Could I get a link to where this details are available ? Also is this cover world coins as well ?
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Pillar of the Community
United States
4692 Posts |
HA prices posted are a good reference if you are a buyer -- they include buyer fees, however, sales tax (if applicable), shipping and insurance are not factored in and can add up. If you are a seller, then seller fees can vary significantly (and are negotiable). HA will not publicly disclose their policy regarding negotiation of the seller fees as best I can tell. I have used a 3rd party to sell and got ZERO seller fees.
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Replies: 13 / Views: 1,734 |
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Posted 06/08/2014 9:36 pm
