Best Of

Thanks to Greg, I purchased both of these several years ago and am tickled to own them.
Jim

@Mr_Spud - I agree 100% with you but why did PCGS change the price without any recent buys or sales? I really not concerned that the price was lowered or increased, just trying to understand why the change.

With a coin like the 1827 10c in 66 where none have traded for a long time, any price guide value can only be the authors “best guess” as to what a hypothetical auction (or private sale) might bring, if held that day.

If I was pricing, I might look at other dates with similar grades/pops around the 1827 for more recent results, and extrapolate from there. So that is how a price guide might rise or drop on a date/grade without any examples actually trading.

That said, I agree with you that guides are mostly useless when it comes to pricing many coins, especially those that must be seen in hand because they are spectacular, like your 1827 example!

Thanks @Cougar1978 and @Dave99B

Cool coin @keyman64 There is always the temptation to crack but the plan is to pass these on to the next collector with the Gold bean.

@Walkerguy21D said:
There are a lot of coins in a lot of grades to track, making this in unenviable task. There are also a lot of variables that make pricing difficult, as coins each have positive and negative attributes, unlike say a share of Nvidia stock.
Like many things, the guides are data dependent. For highly traded generic coins in generic grades, I’d expect them to be pretty accurate. For thinly traded esoteric coins, it’s very difficult to determine an accurate value.

+1

Price guides are nothing more than guides. For coins that rarely trade they’re pretty much useless. For coins that frequently trade ie. Morgans, they’re helpful but they don’t distinguish between A and C coins.

If you know who owns the coins you used as an example, and you know they aren’t planning on selling them, then any price anybody states can’t be accurate because the coins aren’t available for sale. Especially so if they weren’t purchased recently, any past sale prices are outdated and most likely aren’t relevant.

@USSID17 - While out of town on business a few months ago, I cherrypicked this one from a pawn shop display case for $16. Always looking for places to find coins during my travels. Sometimes I get lucky.