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 Replies: 5 / Views: 1,341 |
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New Member
United States
26 Posts |
Hi folks,
Once again I am pulling my hair out for deep contemplations. This time it is about trying to figure out what a coin's value is. From my research it seems that I must take the average of: PCGS coin price (if it is a USA coin), prices from several dealers, the grey sheet, the blue book, the Red Book, and final amounts at several coin auctions (stack's, sothby's, christie's, etc). Does anyone have a better way, that I have not looked at yet? I realize that there is no cut and dry way to have a coin's value. But, as I search I see that margin of value is between $100-$5,000. WOW! ! ! ! ! ! So, I guess it is only worth what I can get someone to buy it from me for.
As always, I appreciate any and all suggestions.
GOD Bless
Djf1326 
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Pillar of the Community
United States
4589 Posts |
I guess it is only worth what I can get someone to buy it from me for.
That is the basic philosophy behind any collectible good Luck!
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Moderator
 United States
6563 Posts |
Post it here for us to see and give a good guess of a grade. If the coin is worth it have it graded professionally and then sell it on ebay or heritage. one of the best ways to see how much something is worth is to look at the going prices in the completed listings on ebay or what is listed on heritage. Whats the coin? You got pics? |
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Pillar of the Community
United States
812 Posts |
For U.S. coins, my method is to look at Coin Values ( Coin World), Coin Prices (Krause Publications), and NumisMedia (online). Ignore the high and the low value, and go with the one in the middle. If two sources give the same value, go with that one. Not brilliant, but simple and effective. In my opinion, online auctions can tell you what your coin will sell for, with variables of: How long is the auction running? What day of the week and time of day is the auction ending? How good are your photographs? How good is your feedback score? What are your shipping charges? What is your return policy? Are you from China? How compelling is your description? How many similar coins have been auctioned recently? How many of the people who might want to buy your coin use that particular online auction for their purchases? How many of those people happen to look while your auction is active? These variables affect whether you can sell the coin for what it is "worth," or for less, or for more. In my opinion, what the coin is truly "worth" does not depend on any of those variables. |
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Pillar of the Community
Australia
3831 Posts |
If you are looking to invest in coins, be painfully mistaken. You need to know about coins before investing. Sorry but I detest investors who know zilch about coins and when they buy them, they can't be bothered to maintain them properly, only to see their value of the coins plummet easily. And when the market value of such coins drop, they complain that something is wrong.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Moderator
 Australia
16842 Posts |
There are numerous "values" which can be attached to a coin:
- what the government or the banks will give you in exchange for it (i.e. face value);
- what you paid for it;
- what the catalogues, guides and auctions say coins like it are worth;
- what your insurance company will pay you if it's lost, stolen, damaged or destroyed;
- what someone, theoretically, right now, would be prepared to pay you for it;
- what someone eventually actually does pay you (or your heirs) for it.
Not included in the above list is "what it is really worth", because such a value doesn't in fact exist. Or, rather, you can take any one of the above-defined "values" and decide for yourself that that's what the coin is "really worth". It's this inability to assign a definitive, absolute worth to a coin that tends to scare "pure investors" away from the hobby.
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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Replies: 5 / Views: 1,341 |
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Posted 09/11/2007 08:03 am
