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 Replies: 10 / Views: 950 |
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Valued Member
United States
84 Posts |
I was wondering why do everyone utilize the PCGS price guide for coins not graded by PCGS...why don't the other 3rd party graders not have the value listed for their graded coins? I don't trust anyone but NGC and PCGS?
I think If you cannot list the value or census of your graded coins, and have to utilize another 3rd party grader value or census then you should let it be known where the value of your graded coins come from...Do you agree?
1. Yes, I am with and feel you frustration
OR
2. No, Amateur Coin Collector, you still need to learn a few things
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Bedrock of the Community
United States
14454 Posts |
NGC uses NumisMedia as their price guide for thewir paid customers, but I think its about as off as PCGS price guide is
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Moderator
 United States
23522 Posts |
No honest coin seller will attempt to tell you what the coin is worth, unless that information is based on actual sales at reputable venues. No online "price guide" is accurate. Not one. They're all published by people with a vested interest in high coin prices.
Believe only what you see to be true, from actual sales of coins similar to the one in question.
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Forum Dad
United States
24161 Posts |
Let's think about this for a minute.
Why should any grading company offer a price guide? And if they do, it's good for lining your birdcage, that's about it.
Serious conflict of interest.
Beckett card grading is even worse though, they are the definitive price guide in sports cards by far. They do the grading (conflict enough) AND sell their own graded cards. You've GOT to be kidding me.
I would never send them a card to be graded ever. How do I know my 10 doesn't go for sale on their site and their 9.5 comes back to me.
Sheeez....
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Pillar of the Community
United States
1454 Posts |
I don't know where the prices from Red Book come from but that is all I really use as a guide. I typically pay what I feel comfortable with. Anybody know where Red Book gets their prices from? |
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Pillar of the Community
United States
7123 Posts |
Hi Irishraider RedBook is a good book for Mintages,compositions and some history,, the price guide is a compilation of the previous years highest retail prices,, which really equates to a very unreliable source for any given day of actual market value of any given coin,, there is no way that they can predict market fluctuations or collector demand a year before the moment. as an example take a look at the silver eagle prices listed in the RedBook,, so far this year alone the price on these has been well above what the RedBook lists and then again below what RedBook lists . The most reliable guide is a real time market guide , such as any auction house teletrade,heritage,ebay etc. Rick |
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Moderator
United States
23522 Posts |
As I've said before, I do not shop for coins without a Heritage window open to check recent auction results.
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Pillar of the Community
United States
1454 Posts |
Thank you all for the tip. I went ahead and registered at their website.
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Valued Member
 United States
84 Posts |
Thank you SuperDave,
I just saw and explored the heritage website and register.
KG
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Pillar of the Community
United States
590 Posts |
Good answers guys, nothing left to be added here.
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Pillar of the Community
United States
1840 Posts |
I'm with superdave. A free heritage membership gets you wholesale prices, along with what similar coins have sold for on their website. They also provide some pretty good software for managing your collection at no cost.
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Replies: 10 / Views: 950 |
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Posted 07/20/2006 9:13 pm
