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 Replies: 10 / Views: 965 |
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Valued Member
United States
122 Posts |
I've been using Numismedia & like their layout & ease of use, but their prices seem kind of high. Are they pretty close or is there another online guide that you prefer?
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Bedrock of the Community
United States
12437 Posts |
There are not many free online price guides available. PCGS, Numismedia, and Heritage(not the auction prices) are the only ones I can think of. I frequently use all of the above and average the values to come up with a price range. Krause Publications also has a site, Numismaster, but it is subscription only  |
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Valued Member
 United States
122 Posts |
Thanks. I checked out PCGS, cool site! But are those prices for graded coins only? Their prices are higher than Numismedia's. If those are correct, I'm rich!
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Pillar of the Community
United States
2669 Posts |
The PCGS price list is for PCGS-graded coins, yes.. but the list is also slightly inflated, which is why it is indeed a good idea to average out multiple price listings. Krause is also a bit inflated. I tend to check prices realized at Heritage or ebay (depending on the coin) also. |
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Bedrock of the Community
United States
20753 Posts |
Appears to be asked many times. As far as my way of thinking there are numerous methods to figure out the prices of coins. The problem is there are no manufacturers suggested list price to start with. The price of any coin is pending purely on who wants it, how many want it, what they are willing to pay, etc. The best thing to do is get a Red Book. Then compare a price of a coin with that, the PCGS web site, The Coin World web site, a few on line dealers and then go to ebay. Take all the prices for that coin and add them together and then divide by the amount of places you checked. This will give you an average value for that coin. Of just look in the Red Book and subract about 20% of whatever they posted. |
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Valued Member
United States
128 Posts |
I use the PCGS guide and it seems pretty close to what I see PCGS graded coins go for on ebay. |
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Bedrock of the Community
United States
20753 Posts |
Quote:I use the PCGS guide and it seems pretty close to what I see PCGS graded coins go for on ebay. That's due to what they had to pay for that coin. The PCGS web site on prices is excessively high for a reason. their primary source of revenue is for grading and slabbing coins. If they listed a coin for $10, no one would send it in for grading. OOPPPS, I take that back. I'v seen coins worth $1 in a slab. But if they said that same coins is worth $25, some people might send it in for grading. A lot more than if they say $10. However, PCGS does make their prices rather on the high side so that more people will send their coins in for their service. In accordance with this when people go to sell such coins, they attempt to get their money back and then some. |
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Bedrock of the Community
United States
10982 Posts |
All retail price guides tend to run high. Look at edmunds.com for cars. Their dealer retail is often 50% above wholesale. Now back to coins.
I use Greysheet for an honest assessment of a coins' value. It's closer to wholesale and a whloe lot more realistic. Rarities and Ultra-rarities are an exception as they normally will get retail+plus when they're for sale.
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Moderator
 United States
16677 Posts |
Price guides are just that, guides. Ultimately, a coins value is what you are willing to pay for it. I've purchased a few coins that were "overpriced" according to the guides. Also consider how many are available according to the supply and demand theory.
swcoin.ecrater.com
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Valued Member
United States
128 Posts |
That is true Carl. However, coins of the same grade in PCGS plastic tend to get a higher price than NGC or ANACS when sold. Unless you are buying off television. LOL then all bets are off.
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Moderator
United States
187663 Posts |
Quote:
Price guides are just that, guides. Ultimately, a coins value is what you are willing to pay for it I agree 100%. Every sale sets a new price after a game of what one person is willing to give versus what the other is willing to take. What sold for one price on one day may go for a completely different price the next. Human emotions at the time have a huge affect on this as well. |
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Replies: 10 / Views: 965 |
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Posted 12/15/2008 12:52 pm
