Collectors Universe Price guide needs to be updated.

TheNumish

I think we can all agree the price guide on Collectors Universe needs a lot of updates. With the great network of dealers PCGS has wouldn't it make sense for them to make an announcement in their newsletter that any professional/expert/marketmaker that has input to the price guide send in the info to them in a specified period. Let's say they announce it in their September newsletter to get updates in by Sept. 30th. Then all they need is a few people with market value knowledge to go through each coin and update the price. It really wouldn't cost much. They could do this every year and the price guide would stay legitimate.

Russ

Wholeheartedly agree. It would also not be that difficult for their IT department to develop a spider that could crawl sites and get real market values.

Russ, NCNE

1jester

"Prices are updated daily." That's what they say. Who believes it?

ARCO

"prices are updated daily". Really? PCGS has not updated their retail lists since I started collecting Barber Halves in 1999. Sounds daily to me!

Dog97

The lists are only updated when David Hall has a coin like that for sale.

FIRE760

One thing I use the lists for is a quick reference inventory

However if you look at the end there are quite a few issues missing

FIRE760

ttt

goyankeez

Then what's a good price guide that's regularly updated.

Steve27

"Updated," I think a better term would be corrected. I believe their current MO is to capture the highest price a coin ever sold at and use that price indefinately. I also believe they will tell you that they do update it frequently. It's their process which is broken.

TheNumish

Truthfully I think they are open to changing prices but someone has to speak up. They used to list all of the proof modern commems at the same price. I emailed them to tell them the soccer half in proof is worth more and recommended some prices and they changed it the next day. Since then the coin is worth less and the price hasn't been changed. I also never made an effort to say anything about that.

Has anyone here made price recommendations?

Steve27

I remember one of our members complaining that he couldn't buy the 1998-S SMS kennedy for the price listed in the price guide (it was something like $200-250 as I recall). A PCGS representative responded to the thread and indicated that the guide was in error. He updated the price, but now it's too high ($500 for MS69). Tulving has all you want for $350.

tradedollarnut

I've emailed them info on trade dollar prices in the past - some they changed and some they didn't.

michael

for coins that i like within my speciality with the look, originality and/or toning that i like the price guides are not even worth my time looking at or even thinking about!! almost totally useless for me

also since the price guides do not buy or sell or make offers on coins then it is a no brainer to me

i am sure for some coins they are great and for some users it is a starting point which is also great they are just not for me

sincerely michael

Bear

The updates should be on a rolling basis , with each series being covered at least quarterly. Bear

kjk

Not sure when PCGS updates the price guide, but I know they do adjust the prices.

My 1890 PCGS MS64 Morgan held at the $115.00 price in the price guide since Jan. 2002 when I first bought it. I recently checked the guide price and it now shows $100.00. Not that the price guide is accurate, but they do adjust the prices.

I don't use the guide much, just find it interesting sometimes!

DanC

The "real" values could simply be extrapolated using an appropriate deflator value.

Then it would just be a computation - one that could be accomplished with one line of simple code.

FIRE760

<< <i>I emailed them to tell them the soccer half in proof is worth more and recommended some prices and they changed it the next day. >>


What is their e-mail address? (that department)

keets

i have noticed a few changes over time but the majority seem to remain the same. i wonder if they use the guide themselves for anything or if they just "provide" it as a reference for collectors. it no way reflects what's really going on as they claim in the text on the guide home page or else it would change weekly or at least monthly. why is it that the grey/blue shett prices change in that fashion but not PCGS?

al h.

1907Quarter

Is it my imagination or are all the prices in all grades atleast 15% higher than the going retail?

keets

it might be more than 15% for some stuff and other stuff is priced way to low. that's what causes the confusion.

al h.

hrlaser

<< <i>The lists are only updated when David Hall has a coin like that for sale. >>



No winky smiley needed.. shortly after the Buffalo Dollars sold out, David Hall sold a PCGS PR70 DCAM on eBay for, I think, $2750.00. A couple days later, it appeared in the PCGS/CU Price guide.. it stayed there for a week or two, then mysteriously vanished, and has never been listed in that grade since..

I find this curious, odd, mysterious, bizarre, or any other number of adjectives, and I'd like to hear an explanation from PCGS as to why that coin was on their price guide for a brief period, and then vanished..

I don't think any one human bean can check all their price guide pages every day to see what actually DOES change daily, so, when they DO change a price, a + or a - sign would be tremendously useful..

Just my opinion.. I could be wrong..

Harv

presleyh

It is hard to relate the price guide to the real world. I printed out the price guide and compare it to ebay auctions ending now. Kennedys go for about 1/3 of the price guide. Ikes are all over the page some more some less. Modern commemoritives make no sense at all. While the price guide shows pr69 comms at 195.00 they sell on ebay for 85.00, and in reality nearly all proof comms are 69s in the pop report. The gold proof comms are way overvaluated in the price guide. I suppose the market is so small on those that nobody really pays much attention to details.

goyankeez

I think there are times when you can't use a price guide. Great eye appeal will command higher prices, and vice versa. If you need a coin to complete a collection, you will pay more than the price guide states. A top pop coin, when it goes on sale, may command any price. A slabbed coin may be under or over graded; the price would differ from the price guide. The price guide may be efficient for common coins where there is enough quantity; like common date ms 60 morgans. Some grades are too low in population to consider using a price guide literally. Maybe just a "ball park" figure. I try to use the PCGS price guide, but with these factors I sometimes can't. I usually buy from a trusted dealer, and take his word on the price.
Or, look on ebay and compare prices between 3 or 4 dealers, looking at the pictures and descriptions.

lathmach

I just looked at the price guide for the Seated Quarters, the series I'm most familiar with.
The 1853/4 is overvalued. (Not rare)
The 1872-S is way undervalued. (This is really rare with the reverse of 1871-S, 3 known by me)
The rest of the coins listed seemed to fall within a reasonable range.

Ray