Price value difference on Coin Facts and Yoeman's Blue Book
geminiguy90028
Posts: 19 ✭
Does anyone know why there is such a big price difference in values from the Coinfacts app and Yoeman's Handbook of United States Coins 2022? For example: you might see one coin on CoinFacts listed as $1500, and in the book its around $100.
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Welcome to the forum.
Can you give an example of a specific coin and grade?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@geminiguy90028... Welcome aboard. Please provide some specific examples. Cheers, RickO
Yo! Yeoman! Welcome!
You'd have to be much more specific. PCGS Coin pricing can change in a week. Redbook prices change at most once a year.
Coin Facts---High retail.
Blue Book---Low wholesale.
Neither one reflects the real world pricing between two knowledgeable people.
The Numismedia FMV web site is a more realistic price guide but each coin needs to be evaluated on its own merits since two coins at the same grade may differ in quality.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Yes. For example, the 1883-CC Morgan dollar shows that an MS-65 is valued at $315, but on the CoinFacts app it shows $625.
CoinFacts also shows the prices that the coin sold for, and they are usually less than the value CoinFacts suggests. I don't know why there is such a discrepancy between CoinFacts and the Blue Book.
I once went to a coin dealer to have a few coins looked at and I asked why the prices seem so low in Yoeman's Blue Book and he told me, "of course they are going to be higher in CoinFacts because it is of benefit to PCGS to show higher prices on coins they graded". The thing is, CoinFacts also provides prices for NGC sales, not just PCGS. This confusion prompted me to post a question on here to see if someone knowledgeable might know the answer.
CC Morgans have surged in the last couple months. Books only come out once per year.
In addition to the fact that the books come out once per year, the listed prices are typically determined months before the release date.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The blue book is a 2022 edition. Do you believe that the prices have surged to double in a couple of months? I've been buying Morgan dollars for the past year and eBay prices have been the same and steady for that long. I don't mean to dispute your answer to my question, but I'm wondering where you came to your conclusion that Morgan dollar prices have surged in the last couple of months.
The "PCGS Price History" for #7144 (1883-CC $1 Morgan) in MS-65.
Source: https://www.pcgs.com/pricehistory#/?=7144-65
Shows a 47% increase.
The increased prices over the past few months don’t account for all of the large discrepancy you mentioned, but they certainly explain part of it. Regardless, I’m surprised that you haven’t noticed any difference in prices on eBay.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
And the books are releases before the dated year. I don't know about the blue book, but the 2022 Red Book was released April 2021, so it went to press 1Q 2021 and the prices were collected 4Q 2020. I expect the Blue to be similar.
ANA 50 year/Life Member (now "Emeritus")
This.
'PCGS Price Guide' - "The prices listed in the PCGS Price Guide are average dealer asking prices for PCGS-graded coins."
Source: https://www.pcgs.com/prices/us
'Blue Book' - "The Blue Book contains wholesale coin prices – the price you might expect to get when selling to a dealer."
Source: https://www.coinnews.net/2007/07/21/the-blue-book-a-us-coin-book-to-own/
Yes. Dealer Bid buy prices on GSA dollars have gone from 225 to 335 in a couple months.
The prices in that book are probably 6 months or more old and not 100% accurate at the moment of issue. Price guides are not bids or asks, they are guides.
I've been a dealer for 20 years. I've never once used a blue book FWIW.
Coin Facts is fair retail MV per Collectors Universe CF). A dealer might put a cost code on price sticker (on slab) and then a retail code from CF rounded up to next $5 increment. Coins that are PQ or have super toning can trade much higher.
Blue book is exactly what it says (read it) what dealers pay for coins. Many dealers use blue book in calculating offers on estates.
Yes Morgan Dollar prices have risen just take a look at CPG. We are currently in a bull market. Prices can change fast, increasing….I recently sold an 1880-s PCGS65 Morgan Dollar for $275 at a recent show. It was super PQ with a PL reverse.
I honestly don't know any dealers who use blue book to do estates. I'm sure there are some, but it is not common in my experience/
I see them (dealers) getting it out on the bourse at shows quite often. It’s a popular seller according to the book dealer present. I generally base my offer on a pct of CPG retail or what I think can sell it for. However CDN bid can go down creating a situation where blue book possibly too high so no bueno. Since moving mainly to Mexico material blue book a non factor for me.
Any dealer who pulled out a blue book to make me an offer would immediately lose the purchase.
I hear ya.
Thank you all so much for the information, and thank you MetroD for the graph. That was an extremely helpful visual aid. I really appreciate it. Now, about not noticing the price surge on Morgan dollars? I guess I didn't really pay attention. I don't know why the surge happened, more so, I don't know how I did not notice. I just figured those were the prices for those specific Morgan dollars.
Now I know there was a surge though, thank you. I chose a bad time to start buying Morgan dollars. I think I will keep the one's I bought for a few years and hopefully there will be another surge, doubling the price of my Morgan coins. Who knows? Maybe they will triple.
Lots of coins are up. Printed guides lag the market by a lot. If you’re not dealing, buy to enjoy and do the best you can.
I’m still buried on some coins I bought below market in the past. Oh well. I enjoy them and don’t need to sell them.
Blue book is what dealers pay for coins as per what it says. It’s an easy tool to use in making offers unless you have another method. I have used it in making a beginning basis for estate offers. However BB is printed at a point in time and one should take that into acct. as market conditions and prices can change. So beyond that seldom use it. CF is a market retail price.
Mainly my offers /bids based on pct of what I think can sell something for (based on current market conditions, outlook) so hardly ever use BB. I factor in planned profit margin and selling costs when making offers.
Thank you all so much for the information, and thank you MetroD for the graph. That was an extremely helpful visual aid. I really appreciate it. Now, about not noticing the price surge on Morgan dollars? I guess I didn't really pay attention. I don't know why the surge happened, more so, I don't know how I did not notice. I just figured those were the prices for those specific Morgan dollars.
Now I know there was a surge though, thank you. I chose a bad time to start buying Morgan dollars. I think I will keep the one's I bought for a few years and hopefully there will be another surge, doubling the price of my Morgan coins. Who knows? Maybe they will triple.
How to get a rough price. 1. Get a numismatic news 2. Get a coin world. 3. Check eBay sold prices. 4. After checking for articles like the dozens about the 2021 new limited edition Morgan’s and peace dollars and the excitement and running craziness at the mint, there is all kinds of information about current trends. By mixing the prices listed and a little quick math averaging. Maybe you’ll get close. There are many way s to compute value. Welcome and good luck
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