| Author |
 Replies: 22 / Views: 8,886 |
|
Pillar of the Community
United States
558 Posts |
Looking at a 1919 S (cent) for example the Red Book says it's worth approximately .20 cents to $115, yet CoinTrackers says .35 cents to $175 and yet still PCGS says anywhere from $1-$431. I've compared multiple Lincolns to these 3 guides and none of them really compare equally to one another. Why? And which one(s) should I base the value of my cents on? |
|
|
|
Pillar of the Community
 United States
2843 Posts |
Historical sales should determine values, not books nor websites. I am not saying that PCGS is not honest, but realize that they do stand to gain the more they say a coin is worth. More people will justify the cost of the grading- when they see the $$ signs. For common coins- ebay and the likes. For rarer coins Heritage and the likes. That is the true "value" of a coin. |
|
Pillar of the Community
 United States
558 Posts |
So what you're saying is that I should go to ebay (common) & Heritage (more rare) to get an idea of more accurate pricing? And the priving on PCGS (website) where are those prices coming from? Auctions or out of a magic hat? |
|
Pillar of the Community
Canada
1747 Posts |
to get a dynamic price, you should go where the most are sold, which would be ebay (use the sold listings in advanced searches) |
|
Rest in Peace
United States
18456 Posts |
That's why I say ,No coin price is written in stone by anyone . Or any thing. Most average prices are compiled by major auction houses and e-bay . But it all comes down to what the coin is worth to you. How much are you willing to pay for that particular coin . Yes ,still you need some sort of guide when buying or bidding . I'm not a high end buyer ,so I just use Coins Magazine as my guide . |
|
Bedrock of the Community
United States
94367 Posts |
I use the Coin World monthly issue as a general guideline for most coins in circulated grades, but usually go to the Heritage archives to research better material. |
|
Pillar of the Community
United States
1314 Posts |
LCMH, the same situation exits with all collectables. Pocket knives, cars, sports memorabilia, etc. And if you think you've got it figured out, you're doing better than I am.
An auction is basically a market test based on the circumstances. No two people are likely to agree, and the circumstances may never be the same.
|
|
Moderator
 United States
187671 Posts |
I like NumisMedia for retail prices, that is, what you would expect to pay for a coin. If you want a general idea what you could get paid for a coin, start by halving the price listed there. We never know for certain until we actually try to buy or sell a coin. For me NumisMedia gives a good idea where to start. I used to search completed sales on ebay, but decided it was no longer worth my time based on the results. Keep in mind that I am strictly a buyer. I do not sell coins. |
|
Pillar of the Community
United States
2843 Posts |
Quote:
And the priving on PCGS (website) where are those prices coming from? Auctions or out of a magic hat? I see you did not like what said. I apologize if you are offended. All I am saying is, that somehow PCGS consistently prices items higher than retail. They obviously have some program that compiles data and calculates a price, but you can be generous with the parameters of the program to allow for max money. Until they make their algorithm and data sources public, we can only guess..... |
|
Pillar of the Community
United States
743 Posts |
I use the grey sheet
Tim Hughes
|
|
Pillar of the Community
United States
558 Posts |
@BigSilver - *pricing* and it's not that I didn't like your answer, I just don't like the fact that pricing isn't as accurate as it could be. I am sorry if my comment came across as rude.
|
|
Pillar of the Community
United States
3843 Posts |
Quote:
I like NumisMedia for retail prices, that is, what you would expect to pay for a coin.  Although ebay sold listings are one of the better tools in gauging value and the marketability of certain common coins. Useful to look at completed sales also to see what didn't sell, some categories have more unsold listings than sold, gives you an idea of how thin demand is. |
|
Forum Dad
United States
24148 Posts |
Quote:
They obviously have some program that compiles data and calculates a price, And who submits those prices? Dealers. And who wants to sell their coins for the most money possible? Dealers. When the dealers report the prices they will always be inflated. In any business. Beckett Sports card guide is the same way, even worse. Heck there are cards listed in there at $20 that if you started them on ebay at 99¢ they wouldn't sell. |
|
Pillar of the Community
United States
7390 Posts |
Beckett is still a thing? I remember pouring over those and getting so excited when I was a kid. Of coarse there was no.eBay in the early 90s so I thought I was rich lol
|
|
Valued Member
United States
411 Posts |
some of what each of you said is what I go by when buying. Here of late I noticed that most coins are selling for less than they were a month ago.
each of your price guides are printed about a week to a month in the past.
I look at a coin and decide what its worth to me.
|
|
Moderator
United States
56855 Posts |
I like NumisMedia and ebay sold values. John1  |
| |
Replies: 22 / Views: 8,886 |
Posted 06/22/2016 4:05 pm
