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 Replies: 12 / Views: 1,468 |
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New Member
United States
3 Posts |
Hello everyone. I have to say that I am a novice at best. I just started collecting coins a few months ago. I see that almost every website has a different price for coins. Is there a website that is true?
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Pillar of the Community
United States
1005 Posts |
ebay sold listings are the closest you'll find for the true market value of coins.
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Pillar of the Community
Canada
5239 Posts |
 to the CCF Your question is an excellent one. Like many good questions, it is very hard to answer. Many of the discussions on the CCF have to do with the "correct" price of an item, and I am sure that a few others will add some insightful comments. In one sense there is no "correct" price, just individual sale prices, but of course this is a very simplistic comment. for relatively uniform items (a coin with a specific grade) that are sold fairly regularly, the sale prices establish some sort of market value in theory, but this value is always shifting, and sellers may also: 1. Sell for a lower price to get rid of stale stock, or 2. Try to get more for a multitude of reasons. Others here in the CCF may be aware of which website gives the most accurate prices, I assume for US coins. |
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Bedrock of the Community
United States
20753 Posts |
Regardless of prices for coins on the internet, a magazine, on TV, etc. they are actually just estimates or guides. All are just guesses. As already stated ebay is probably the closest thing to a real price guide since what you see is what a coin sells for and not just a guess. People can say a coin is worth this or that but what it sells for is real. |
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Moderator
 United States
56855 Posts |
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Pillar of the Community
United States
5029 Posts |
and sold ebay prices as has been mentioned is a good place to go for prices. |
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Rest in Peace
United States
18456 Posts |
Excellent question ; basically ,coin prices are not set in stone . There are guides out there but not too reliable . I always believed that the price of any particular coin is what your willing to pay for it using so called guides . As said above e-bay sold prices is a good source .  |
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Pillar of the Community
Canada
5239 Posts |
There is a concept called "fair market value" which can be used for anything and is often used for legal purposes. I think that if you are buying or selling you need a reasonable idea of this in order not to buy too high or sell too low. But as others have correctly said, in many or mos cases it can only be estimated.
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Moderator
United States
188130 Posts |
I agree. to the Community! |
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Pillar of the Community
United States
747 Posts |
Thanks for the link! Have not seen this one before. |
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Valued Member
United States
295 Posts |
The PCGS auction prices website is good for pricing PCGS/NGC graded US coins: https://www.PCGS.com/auctionprices. It shows what coins in any particular grade have sold for in a variety of auction sites, including ebay, Heritage, GreatCollections, etc. |
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Bedrock of the Community
United States
36724 Posts |
Choice coins will almost always bring more money. Even though the technical grade is the same, coins that have better eye appeal or high end for the grade will pull a higher price. Remember that price guides are just that, guides. The guide price is for an average coin of a certain grade. It all boils down to what someone is willing to pay.
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Valued Member
United States
461 Posts |
PCGS and NGC both have price guides on the web as well as individual listings providing useful facts for most US issues. I also use the Heritage auction site, which has a wealth of information. ebay can be a good place to find coins, but I always check the price guides before buying. Some ebay listings are for WAY above market prices. I have seen prices as high as double "retail" with some frequency. There is even a "branch mint proof" dime (if you believe in such things) listed for a cool $10 million, which is higher than any actual coin sale price I have ever heard of. That said, ebay usually offers the most choices. I always check it before buying and I have been quite happy with ebay purchases. Just remember caveat emptor. |
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Replies: 12 / Views: 1,468 |
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Posted 02/07/2019 06:37 am
