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Replies: 16 / Views: 2,578 |
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Valued Member
United States
88 Posts |
Need to put some value on some of my coins ie retail and wholesale. Mainly have certified gold eagles and certified ASE, and bunch in between. Maybe some reliable free sites and some reliable paid site. TIA.
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Pillar of the Community
United States
561 Posts |
Looking at sold prices on ebay can be a good way to get an idea of current retail prices For the things you mentioned, ASE and AGE, following spot price plus a premium will often give you the most accurate idea, unless they are special releases.
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Bedrock of the Community
United States
94367 Posts |
By all means, start with ebay sold prices.  to the CCF!
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Valued Member
 United States
88 Posts |
Thanks for the replies. Is Grey Sheet any good?
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Pillar of the Community
Australia
1333 Posts |
agree ebay sold price, however there are some site that can aggregate sold prices for particular items.
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Pillar of the Community
United States
4901 Posts |
I usually get the last five or so most recent completed sale prices on ebay and get an average from that
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Valued Member
United States
442 Posts |
You said you mainly deal in gold and silver eagles. If you've got other stuff that's less common, then you may not find enough ebay sales to go by. I find Numismedia retail price site is good for that stuff. More realistic than the TPG sponsored sites. For wholesale prices I buy a Whitman Blue Book every couple years. That is supposed to be a wholesale price based on what a coin dealer might offer you if you took it to them to sell. I'm sure it's more of a rough guess. And the grey sheet is much more accurate and timely, but it's also much more expensive. The blue book meets my minimal needs.
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Moderator
 United States
187702 Posts |
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Pillar of the Community
United States
992 Posts |
Greysheet is a great source, IMO.
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Valued Member
United States
473 Posts |
I've been told more than once to get a Red Book. Is that not a good book to use for prices?
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Moderator
 United States
187702 Posts |
It is great for history and technical information, but accurate pricing is not its strength. It is typically outdated by the time it is released and often reflects the high retail end of the price range. This might be okay when buying ("Buy it below that price!"), but encourages unrealistic lofty expectations when selling.
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Pillar of the Community
United States
1316 Posts |
RedBook is great for history and understanding what a series is all about and what the keys happen to be. You absolituly should have one. It's not the most accurate in terms of current pricing and it tends to be notably on the high side. ebay will give you the most current market pricing, and that is usually less than whatever RedBook prints. My opinion is that RedBook is max retail pricing that dealers dream of when they put a number on it or possible valuation for insurance purposes, but the actual paying market is something less.
Edited by Collects82 05/26/2021 4:56 pm
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Valued Member
United States
473 Posts |
Thanks jbuck and Collects82 it makes sense.
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Moderator
 United States
187702 Posts |
No problem! We are always here to help. 
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Pillar of the Community
United States
1667 Posts |
Greysheet is good a monthly subscription, relating to wholesale prices for rare coins.
I think it was designed originally for dealer to dealer type transactions.
I'd assume you aren't looking to wholesale your coins, I don't think greysheet would be good for you as a gauge for that reason. it's sort of more about a dealer or rare coin buyer buying a coin from a dealer with "meat left on the bone". It's not that great from a sellers perspective unless you are looking for a, "fair price" to offload sitting merchandise or something to someone else that can sell it at retail. When buying greysheet is good, at least you'd know how low you could go before offering below wholesale. LOL
Not sure why the need for a valuation and don't want to be nosy about it either, just saying if you were trying to sell the items you'd want retail, not wholesale, and if you wanted to dump them on a dealer, you'd need to expect a wholesale offer or lower for the dealer to take it off your hands. The value now might not be the value next week, month or year, or 5 years from now. it's good to have an idea of course, but doing all the work into it, and have to do it again, and again, unless it's needed at that time period seems pointless to me UNLESS it's for insurance purposes, in which case, you'd probably want to find an appraiser, get the evaluation done and their valuation, and then re-use them every so often to revisit your policy coverage to make sure things haven't changed and you're covered get them cataloged and valued fr fair market, reasonable replacement values.
Again, not wanting to be nosy and you can do whatever you like, but the "why" is also a factor to how it's handled, and to do or not do certain things, when valuing a collection. considering what the end goal is before you begin, what you expect to achieve by doing it.
Clearly if it's a bunch of modern gold or silver eagles from Home Shopping in MS69 or PR69, you probably aren't going to want to spend the money on an insurance appraisal. LOL not saying it is or isn't, just saying, it wouldn't warrant the insurance or the cost for an appraisal unless it was a 1995W GAE proof set all graded and with the silver eagleor something like that, or a large accumulation of Gold and Silver eagles.
i wish you the best!
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Valued Member
 United States
88 Posts |
@Big Kingdom, I have a fairly large collection of gold and silver coins going back to 1880's or so, mostly graded. Was thinking of selling a few+ now that prices seem pretty high. I'm not sure how I would sell somewhat large amounts for retail so wholesale prices gives me a floor price. Also, even certain dates and mints of ASE from 1986 forward (reverse proofs, 94-P PF-70 ASE, etc. etc.) can be worth a lot more than a current run of the mill coins, just curious if I have any other special ones in my collection. Majority of my coins (post 1980's) are MS-70 or Proof 70 bought at auction not HSN. Curious if some, most, any of the coins I bought have appreciated and how much. Side note up until a few years ago sales tax wasn't collected on Auction winnings but now it is. Between buyers premium and sales tax I don't buy much anymore except for the few US Mint items that catch my eye.
Edited by pkluck 05/26/2021 10:38 pm
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Replies: 16 / Views: 2,578 |