Quick Links:   Collectors Corner | PCGS | PSA | PSE | PSA/DNA | CU | Coinflation



Navigation:


FORUMS > U.S. COIN FORUM [ REFRESH ]
Thread Title: PCGS Population Report
Created On Saturday November 21, 2009 9:48 PM


llafoe
Master Collector

Posts: 7998
Joined: Oct 2001

Saturday November 21, 2009 9:48 PM

User is offline View users profile View thread in raw text format

How often does PCGS update their population report? How much of an effect do you think the population report has on current market value? If prices are already decreasing due to the recession, does an increase of 10% in the population report have an effect or is it moot at that point?

Reply
Quote
Top
Bottom



morgandollar1878
Collector

Posts: 1992
Joined: Jul 2008

Saturday November 21, 2009 9:54 PM

User is offline View users profile View thread in raw text format

They are constantly working on it, but I believe it depends more on the coin. I could be wrong, but that is how I understood it.

-------------------------

Positive BST Transactions: Smittys, LanLord, Gerard, Chumley, MercCrazy, 1907Quarter, greencopper, bankerbob56, Segoja

Reply
Quote
Top
Bottom



mozin
Master Collector

Posts: 8743
Joined: Feb 2005

Friday May 21, 2010 10:54 AM

User is offline View thread in raw text format

I don't see why PCGS could not update their POP reports automatically, when a submission grades are published. It would seem to be an easy program to make it all automatic.

-------------------------
I collect Capped Bust series by variety in PCGS AU/MS grades.

MyRegistrySets


Reply
Quote
Top
Bottom



LindeDad
Choose Your Title

Posts: 16690
Joined: Feb 2004

Friday May 21, 2010 10:59 AM

User is offline View users profile View thread in raw text format

It's updated weekly. On Sunday night if I remember correctly.

Reply
Quote
Top
Bottom



joebb21
Expert Collector

Posts: 3225
Joined: Apr 2008

Friday May 21, 2010 11:03 AM

User is offline View thread in raw text format

I would have to agree with mozin-
and yes for most coins with the pop going up the value will decrease. for sure you see it with moderns- how a new coin is the only pr70 dcam first strike its a moon money coin but give it a month when the pops shoot up and the value goes way down.

Many coin values have been negatively affected by resubmissions. If the populations show that there are only 3 1893-s morgans in 65 or above, that means only 3 people can own a 65 or above set which of course increases the demand. if the pops update to 30 then the demand wont be as strong.
resubmitting without erasing the old can only mess with the true value.

Part of the benefit of the "SECURE" pcgs holder is that resubmits can easily be tagged by the scanning and the population reports will eventually be alot more accurate and true rarities will shine even more so (when its seen that a coin with a pop of 45 is really only a pop of 10 with 35 resubmits...)

-------------------------
may the fonz be with you...always...

Reply
Quote
Top
Bottom



19Lyds
Master IKE Collector

Posts: 25841
Joined: Apr 2004

Friday May 21, 2010 11:05 AM

User is offline View users profile View thread in raw text format



<< I don't see why PCGS could not update their POP reports automatically, when a submission grades are published. It would seem to be an easy program to make it all automatic. >>



The PCGS Population report which is brought up when you go to the generic pop reports is updated every Sunday morning between 12 and 1 am.

However, if you use the Set Registry, those populations are updated almost immediately and can be viewed using the "What If" function for your specific set.

If you are not a Set Registry member, might I suggest you consider becoming one using my Registry Link?

It is a TOTALLY FREE service and gives you access to the current ACTIVE coin populations.

As for coin value vs population numbers? It's totally relative to the coin.

If the populations for a widely collected coin goes up AND that population increase is substantiated by more coins coming onto the market, then yes, the price could be affected.
This is true for all except truely rare and ultra popular coins which, generally speaking, retain their values.

-------------------------
"Ladies….If a Man says he will fix it, he will! There’s no need to remind him every 6 months about it. " My eBay Listings.

Edited: Friday May 21, 2010 at 11:14 AM by 19Lyds

Reply
Quote
Top
Bottom



Bear
Wise Old Bear

Posts: 40935
Joined: Dec 2001

Friday May 21, 2010 1:25 PM

User is offline View thread in raw text format

It was last updated in 1912.

-------------------------
There once was a place called
Camelot

Reply
Quote
Top
Bottom



WoodenJefferson
Master Collector

Posts: 5878
Joined: Jun 2006

Friday May 21, 2010 2:39 PM

User is offline View thread in raw text format



<< It was last updated in 1912. >>



But that coin was cracked out in 1913 and resubmitted for a up-grade, also the owner kept the original tag...the pops are once again askew.

-------------------------
Chat Board Lingo

"Keep your malarkey filter in good operating order" -Walter Breen

Reply
Quote
Top
Bottom



leothelyon
Master Collector

Posts: 6669
Joined: Jun 2002

Friday May 21, 2010 11:08 PM

User is offline View users profile View thread in raw text format

What's the equation?

y +/- {x - y divided by 2}?

But I don't think it will work. Is there an advantage knowing the last coin sold was 50% higher or lower than the value listed?


Leo

-------------------------
The more qualities observed in a coin, the more desirable that coin becomes!

FSJeffersonNickels

Reply
Quote
Top
Bottom



melvin289
Expert Collector

Posts: 3149
Joined: Feb 2005

Saturday May 22, 2010 12:46 AM

User is offline View users profile View thread in raw text format



<< What's the equation?

y +/- {x - y divided by 2}?

But I don't think it will work. Is there an advantage knowing the last coin sold was 50% higher or lower than the value listed?


Leo
>>



I really think you need to apply Avogadro's Number to the equation somewhere or the other.
But, I don't know what in the world the number of molecules in a mole of anything has to do with this.


Ron



-------------------------
Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.

Reply
Quote
Top
Bottom



standfor
Member

Posts: 40
Joined: May 2003

Saturday May 22, 2010 3:59 AM

User is offline View thread in raw text format

Are you referring to a specific coin, or generally speaking?

-------------------------
When I don't collect coins...
I build high end houses

Reply
Quote
Top
Bottom



llafoe
Master Collector

Posts: 7998
Joined: Oct 2001

Saturday May 22, 2010 5:19 AM

User is offline View users profile View thread in raw text format



<< Are you referring to a specific coin, or generally speaking? >>



I just noticed that some coins will have a population of 30 for months, then the population will increase to 44. The population updates seem like monthly/quarterly at times, not weekly. Didn't know if there was a specific time they updated the population; it appears it's every Sunday.

Reply
Quote
Top
Bottom



ambro51
Esoteric Collector

Posts: 12812
Joined: Jan 2008

Saturday May 22, 2010 5:23 AM

User is offline View thread in raw text format

It all depends on WHERE that increase takes place. There are quite a few top pop coins whos values have gotten kicked in the tail when 2 more appeared. Im sure some members could tell us stories about such occurances.

Reply
Quote
Top
Bottom



leothelyon
Master Collector

Posts: 6669
Joined: Jun 2002

Saturday May 22, 2010 11:54 AM

User is offline View users profile View thread in raw text format



<< Are you referring to a specific coin, or generally speaking? >>



I'll assume you're addressing me;

I'm referring to the listed values in the price guide, not the pop report, sorry. But I'll try to explain here anyway.
I've hardly ever paid particularly close attention to PCGS's price guide. But when some 200 nickels went on sale at Heritage auctions, I became interested in seeing how they would effect the price guide. To make the story short, whatever price a coin sold for +/- of the listed value, when adjustments were made to that value due to that sale, that value would only increase or decrease 50% of the difference between the listed value and the price of the recently sold coin.
So my question was, is there an advantage knowing that the last coin that sold was actually 50% higher or lower than the new listed coin value?
In other words. if a coin is valued at 1000 one week but jumps to 1100 the next week, the coin that caused the increase actually sold for 1200. If the value had dropped to 900, a coin recently sold for 800 to cause that drop. So...to use the value as a guide to what's being paid for a coin in a grade, we should expect the coin is selling anywhere from 800 to 1200. IMO, being aware of this spread is the difference between buyers of high quality coins versus those buying or getting stuck with lower quality coins.
Another interesting thing that I learned about the values listed is that they include the 15% buyers fee auction houses add to your winning bid as well.


Leo

-------------------------
The more qualities observed in a coin, the more desirable that coin becomes!

FSJeffersonNickels

Reply
Quote
Top
Bottom



19Lyds
Master IKE Collector

Posts: 25841
Joined: Apr 2004

Saturday May 22, 2010 12:30 PM

User is offline View users profile View thread in raw text format



<<

<< Are you referring to a specific coin, or generally speaking? >>



I just noticed that some coins will have a population of 30 for months, then the population will increase to 44. The population updates seem like monthly/quarterly at times, not weekly. Didn't know if there was a specific time they updated the population; it appears it's every Sunday.
>>



Read my post above.

-------------------------
"Ladies….If a Man says he will fix it, he will! There’s no need to remind him every 6 months about it. " My eBay Listings.

Reply
Quote
Top
Bottom

FORUMS > U.S. COIN FORUM [ REFRESH ]
View Member Listing | Add To Member Listing

Privacy Policy | Terms of Use | Terms of Membership

Collectors Universe, Inc., or any subsidiary or affiliate is not responsible for the accuracy, completeness or validity of any information contained in any messages.

FuseTalk 3.0 - Copyright © 1999-2002 e-Zone Media Inc. All rights reserved.