Currency Price Guide

DiggerJim

Where can I find a price guide to search for PCGS graded notes?

Thanks

DiggerJim

Hemispherical

Main CU site: http://collectorsuniverse.com/

Note sure if they’ve finalized all the “in-house” stuff for currency.

https://forums.collectors.com/discussion/1014710/pcgs-currency-update-2-20-2019

DiggerJim

Is PCGS going to continue to grade currency? I read a post below and it sounded like they are all crossing to PMG. What is the reason for that?

Thanks

DiggerJim

Cougar1978

There is no graded currency price guide. I use green sheet (wholesale), Standard Catalog of US Currency, and World Currency Price Guide by PMG in addition to books from Krause Publications which represent the Market Price. For CSA and Obsoletes I have the recent book by Don C Kelly who is not only an expert on this but the expert on Nationals. Currency different from coins - you need to do a lot of homework.

For pricing my material I refer to above or just do cost plus. In addition I have developed my own matrix for pricing graded world currency.

In terms of PCGS grading currency take a look at the currency forum discussions on this.

DiggerJim

Thanks for the info.

Been collecting coins for almost a year now and found my interest to concentrate on. And want to start getting into currency as well. Both US and foreign. Plan on taking my time and try to find a niche I feel comfortable with. Your information will help greatly.

DiggerJim

tomtomtomtom

easy to look at the Heritage Auction archives...join for free...you can sort sales by date, price, grade, grading service etc...real world prices for free

GoldFinger1969

Figured I'd jump-start this thread rather than create a new one.

First....there's some good information about pricing in the posts above. If anybody has new sources, please post.

Second....on the Big Picture for U.S. Currency....I never see any articles talking about the trends for pricing in the aggregate, from a macro perspective. I see them ALL THE TIME for coins.

Now...to an extent...coins are easier to get price-discovery.....coins that track silver or gold bullion (maybe with a premium) you have the price of PM's udpated daily. With currency, there's nothing to tether it to. Also, there's less information on the number of currency collectors, dealers, or active buyers compared to stories talking about those things with coins and coin dealers/collectors.

Outside of common Silver Certificates still doing nothing compared to years ago and many newcomers and part-timers looking to buy lower-graded Large Denomination bills I can't recall any other big macro trends on currency/bills.

If anybody has anything concerning trends they see as dealers or collectors over the last decade, would love to hear it.

GoldFinger1969

Question on Auction Results: When the description for an HA auction says "The note brought $1,200 5 years ago".....does that mean hammer + bp, total cost ? Or does that mean the seller netted $1,200 and the buyer shelled out $1,440 ?

I want to compare results apples-to-aples and the listings in HA (and most sites) shows the hammer price + bp (in other words, the TOTAL cost). So if they mention what it last sold for, I want to know what to compare it to.

Steve_in_Tampa

Answer - Total paid by auction winner. (Hammer & Juice)

GoldFinger1969

@Steve_in_Tampa said:
Answer - Total paid by auction winner. (Hammer & Juice)

OK, that is good to know...so that means when I see the recent results I can just compare them both directly. Thanks, Steve !!

FWIW, I didn't see too many bills in the FUN Signature auction blowing away prices from years ago. There were a few Trophy Bills including from the Pogue Collection and the prices just matched more-or-less prices from pre-Covid or even 10 years ago or so when the same or a very similar bill was offered and changed hands.

Now....gold and silver are up alot from 5 and 10 years ago so coins tied to them are up in price. Small denomination coins -- which were in a bear market up to 2020 -- would NOT be appreciably higher (if at all) vs. 5 and 10 years ago.

So that brings me to my question: was there a "stealth bear market" in most currency pricing in recent years or have we literally just been FLAT for a long time ? Because if there were lots of bills up from the category 5 and 10 years ago...or the same Trophy Bills re-offered for the first time in a long time....I didn't see prices higher, if at all.

Am I wrong ?

GoldFinger1969

Anybody familiar with "Track & Price" ?

TxCollector

@GoldFinger1969 said:
Anybody familiar with "Track & Price" ?

Yes, I’ve had a subscription for large sized notes for over a year now. It’s been worth it for me to get the history of notes when possible since I am still adding to my collection.

For example, there was a note that I was looking at on eBay this past week. It’s currently in a PCGS-B holder with a 40 grade and no comments. A search on T&P turned up that the note had previously been in a PMG holder (45 grade but with a comment on the back of minor restoration).

In a prior sale for the note on HA, the description also mentioned the restoration and showed the note in the PMG holder so that confirmed that the information on T&P was accurate. While T&P is very useful, I have noticed that there are data quality issues so there is a need IMO to “trust but verify”.