PCGS Gold Coin Values--Through The Roof?

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Author	Replies: 4 / Views: 1,303
jpsned Pillar of the Community United States 2245 Posts	Posted 08/28/2017 11:26 pm I visited my uncle about a month ago and he showed me some gold coins he had stored at the bank. They were all in various stages of BU condition. I didn't have a Red Book with me, so I went to the PCGS website to get an idea of their values. Because I'm not expert grader, I gave most of them a grade of MS 60, just to be conservative. What I found on the PCGS website were truly astounding prices! Witness: 1907-S $20 Lib Head c. $20,000 1881-S $5 Lib Head c. $250,000 1907 $10 Indian c. $50,000 1887-S $5 Lib Head c. $110,000 1912 $5 Indian c. $20,000 1908 $5 Indian c. $20,000 1913 $5 Indian c. $20,000 1924 $20 St. Gaud. c. $100,000 The only one that seemed "normal" was an 1885 $10 Lib Head, which was listed at c. $300.00. (Strangely enough, the current value is much more than that.) I re-checked the numbers when I got home from my visit, and they are nowhere near what I had originally found (above). My question is, how in the world did I come up with these values? Where would I have gotten them from? I know for sure I was on the PCGS website. But what I saw back then and what I see now are worlds apart. Thanks for your help! Edited by jpsned 08/28/2017 11:28 pm Report this Post to the Staff

paralyse Bedrock of the Community United States 12057 Posts	Posted 08/28/2017 11:35 pm Just a guess, without bothering to go to the site, but is it possible you were looking at PL coins and not regular strikes? e.g. MS63PL vs. MS63. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
Mark1959 Pillar of the Community 7234 Posts	Posted 08/28/2017 11:55 pm Unless those coins are in unbelievable High Mint State grades I think you are way to high on the prices.! MS60's don't fetch those prices. Edited by Mark1959 08/28/2017 11:56 pm Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 08/29/2017 08:19 am You probably looked up "Proof" issues instead of MS (Mint State) issues. ANA #R3154474 Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 08/29/2017 10:15 am Not a lot of S mint proof, though. But I'm sure you were referring to the P mints only. More than likely you were looking at the very top end of the MS grading brackets. Report this Post to the Staff
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