Values over the past 10 years
SeatedToners
Posts: 392 ✭✭✭✭
I've been looking around at values over the past 10 years on the PCGS site, and it seems like for proof seated quarters over the past 10 years the PF65 and up grades have performed rather poorly, while the PF64 and under grades have out performed their higher graded counterparts. Does anyone have any thoughts onto why?
To me it seems like this is a great time to pick up quality coins as considerably reduced costs. What does everyone else this?
0
Comments
One reason the prices have fallen is because pops have exploded due to gradeflation
Case in point from a totally different series in a coin I was tracking in tonight's Great Collection's auction...
https://greatcollections.com/Coin/606033/1904-Liberty-Gold-Double-Eagle-PCGS-MS-65-CAC-OGH
According to the PCGS price guide (which we all know isn't perfect, but it's what I've got to work with), a 1904 $20 in MS-65 was worth $5200 10 years ago and is worth $2700 today...based on the auction result, it seems that this clearly isn't an MS-65 today.
To draw conclusions on pricing trends, it seems like you have to follow a specific coin's price performance over time (irrespective of what holder it may be in at various times).
Are the pops truly exploding? Or is it a bunch of resubmissions? There are several coins that I look at on the coinfacts page, and you can see the same coin pictured 5 times or more in the top grades where someone has been trying to resubmit it to get a higher grade. PCGS doesn't look at their pictures and delete the duplicates from the populations?
That's a gorgeous Double Eagle, especially for being graded 65. From the photos it definitely looks undergraded, but that's quite the risky bid for it to pay off.
Not my series , but based on the PCGS Price Guide the buyer must believe the coin is a 67. If he is right then he got a great deal, If he is wrong a big loss. I am assuming this is a knowledgeable buyer, and based on where the auction ended more than one bidder saw the potential for a big upgrade.
I would guess back in the day, the seller either had a great eye and picked a very nice coin for the grade, or he paid a premium for it, either way this is a good example of why we need to be picky and focus on quality for the grade and eye appeal.