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True Retail Price - Raw Coin

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Valued Member
snitchard's Avatar
United States
420 Posts
 Posted 05/31/2016  2:44 pm Show Profile   Bookmark this topic Add snitchard to your friends list Get a Link to this Message Number of Subscribers
Hello,

I'm looking at a 2013-S Kennedy half dollar (Clad) and a 1988 ASE. I'm using Numismedia.com as a price guide but Numismedia uses grades for their prices and I'm looking at RAW coins.

Kennedy half:

PR65 7.80
PR66 8.40
PR67 10.00
PR68 15.00
PR69 25.00
AVG $ 13.24

1988 ASE

MS65 23
MS66 24
MS67 26
MS68 29
MS69 40
AVG $ 28.40

So, what is the "Retail Price" of these coins?
Am I going about this the right way?
What other free online price guides are available?

Thanks,
Rich
Rich M. - Collector since 2008
Valued Member
United States
282 Posts
 Posted 05/31/2016  2:55 pm  Show Profile   Bookmark this reply Add syeb to your friends list Get a Link to this Reply
Theoretically the value for a coin at a given grade should be the same whether it is graded or not. All the grading does is confirm (according to the TPG's opinion) the grade. So an AU58 coin is worth AU58 prices regardless of if it is slabbed or not.

However, the grading does remove all doubt (aside from TPG subjectivity of course), provides an actual monetary guarantee with the top tier TPGs, and also the slab provides some physical protection worth a few bucks. So a graded coin will generally be priced much higher than a raw one as it removes a significant amount of grading risk.

Another technical issue is that higher quality coins will tend to get slabbed at some point in their careers and stay slabbed while lower quality coins will remain raw. So with coins that have a finite number available, the probability of a raw coin being high quality (not cleaned, tooled, altered, counterfeit, etc.) decreases each day.

Of course the retail price depends on what a retail customer is willing to pay.

I use [all of these for each coin I look at] ebay sold listings, Numismedia, Heritage Auctions, NGC coin explorer, USAcoin book. The variance is tremendous but you get an idea of absolute ranges and relative values between coins and grades. PCGS has an online price guide but the values seem to be grossly inflated.


Edited by syeb
05/31/2016 2:57 pm
Pillar of the Community
ace_ftw's Avatar
Canada
1747 Posts
 Posted 05/31/2016  3:38 pm  Show Profile   Bookmark this reply Add ace_ftw to your friends list Get a Link to this Reply
when you are talking proof coins, there is very little if anything noticeable to the regular coin collector when you are talking PR67 - PR70.

if these are raw coins as you are suggesting, then someone has cracked them out of a set, and should all be around PR65 or higher.

There are numerous debates about the validity of these high end proof coins and may one day not be worth the $$ you might pay now.
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Andrew99's Avatar
United States
1533 Posts
 Posted 06/01/2016  7:27 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
Almost no one will pay for a proof coin as if it were graded anything higher than PF 65 when raw. There is just too much risk in the added premium.
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