PCGS price guide, accurate prices?

LincolnCentMan

I know I have a few coins I've paid well over what the PCGS price guide states as market value. Anybody know if there's a way to politely suggest a reveiw in the particular coin values listed on the PCGS price guide?

David

LanLord

I think that price guide is as accurate as a knuckleball. Sometimes high, sometimes low, could be inside or outside, and everynow and then they'll get one over the plate.

eminem

when it lists later year 69dcam kennedies for 30 and i can buy 5 at a time from DHRC for 15 to 20 a piece ..what does that say about the accurancy of the guide???

Outhaul

I use Heritage for prices on line. They seem to follow prices realized at auctions hence a more accurate range...IMO.

You do have to register with them to use the service, but I think it's worth it.

Cheers,

Bob

DMWJR

I second the knuckleball.

Bikingnut

Most of the PCGS Washington's that I have I paid well below what the price guide states. I've also sold a few PCGS full step Jefferson's that I didn't get anywhere near what the price guide says. IMO Numismedia.com has more realistic prices. But when it really comes down to what your coins are worth, they are worth what someone else is willing to pay for them.

1jester

How can PCGS be wrong in their price guide?!? They are "updated daily"!!!

MrKelso

Seems accurate to me, All my coins went way down HAR HAR HARDy HAR HAR

paigowjohnny

Does anybody use CoinWorld Trends ?? Not being a Grey/Blue Sheet subscriber, I generally use Trends as a reference point....am I swinging at a knuckleball as well ??

Outhaul

Coinworld trends?!?!?!!!! HA-HAHAHAHAH...HAAAAAA-HAHAHAHAHAHAHA!!!

MrKelso

<< <i>Coinworld trends?!?!?!!!! HA-HAHAHAHAH...HAAAAAA-HAHAHAHAHAHAHA!!! >>



In order to use Coin World trends you have to add the following formular

1. Think of any whole number between 1 and 100 then double it
2. Add 20 to it
3. divide it by 2
4. take away the number you originally started with
5. your answer is 10

Tade

I just (today) bought a PCGS 1981 S Kennedy DCAM PR69 for $19.99 plus $3.00 s/h for a total of $23.00. I checked the price
guide and it said $35.00. I was feeling good until I came on this thread

Tade

I'm going back and stare at LanLord's picture.

mr1931S

several weeks ago,i was checking the PCGS price guide for prices on common date mint-state CC dollars and noticed that PL's and DPL's were less dollars than the MS pieces!?...

i checked a few days ago...correction was made...

overall,i think the PCGS price guide is pretty good notwithstanding some discrepencies from time-to-time...

MOrganMuncher

<< <i>

<< <i>Coinworld trends?!?!?!!!! HA-HAHAHAHAH...HAAAAAA-HAHAHAHAHAHAHA!!! >>



In order to use Coin World trends you have to add the following formular

1. Think of any whole number between 1 and 100
2. Add 20 to it
3. divide it by 2
4. take away the number you originally started with
5. your answer is 10


>>



How did you do that how did you know what number i was thinking about ?

presleyh

One of the best price guides is "Items ending today" on Ebay. If nobody snipes a pr69dcam 1983 Kennedy, its probably right on the money at auction end. In general on moderns, most coins can be had for about half of the daily price guide on the pcgs site. There are exceptions and panic buying can change the ebay values faster than pcgs can change the price guide. Silver proof sets are really screwy right now. The pcgs guide is LIST price that a dealer might display a coin for.

JoyofCollecting

I use the PCGS prices only for relative pricing comparisons. I know what I have had to recently pay for the seated dimes I like. So, when considering a different date and what would be reasonable to pay....the guide along with trends tell me where the new coin should fall relative to the others.

And then, if the coin appears over-priced and I really like....I just buy it and hope the grandkids hire a professional to dispose of it when I die.

Jamericon

PCGS Price Guide and CoinWorld Trends are what dealers would like to get even for the lowest, nastiest junk coins on the face of the earth. Both guides are inaccurate and juiced by 25-75% in cases. I have found that most "average for the grade" coins can be had for 10-30% over bid. In fact, my whole collection, which consists of many keydate and better date type, cost only 19% over greysheet bid. I would have had to spend almost 25% more for them if buying Trends prices and 50% more by PCGS' guide.

danglen

If the PCGS price guide is "updated daily", why are there no prices for 2001 and 2002 issues?

LincolnCentMan

I use Heritage for prices on line.

Heritage's prices are VERY inaccurate. However, I can only speak for the Lincoln cents as I follow no other series. And I do know that they do not follow their closed auctions prices. Here are some examples that are easy for me to look up, because I have them placed in "My Heritage" collection. I'm listing all $100+ cents that in my set that HAVE past auction realizations at Heritage. As you can see, the price index WAY undervalues them relative to the value of their auction realizations:

1913-S 64RB Heritage price index: $185-$235
Last (4) 64RB realizations: ANACS on 01/13/02 for 212.75, PCGS on 07/16/02 for $281.75, PCGS on 09/28/02 for $310.50, and NGC on 09/28/02 for 546.25

1919-S 65BN Heritage price index: $70-$95
Last 65BN realizations: ANACS on 09/23/98 for $165, NGC on 09/05/00 for $299, PCGS on 09/24/02 for $379.50

1920-S 65BN Heritage price index: $120-$155
Last 65BN realizations: ANACS on 01/25/00 for $370, NGC on 08/27/02 for 661.25
David Lawrence has one in NGC 65BN listed at $625.

1921-S 64BN Heritage price index: $95-$125
Last 64BN realizations: NGC on 11/17/95 for $165, NGC on 06/06/97 for $172.50, PCGS on 04/07/01 for $138

1926-S 63BN Heritage price index: $80-$100
Last 63BN realizations: PCGS for $120 on 02/06/01, PCGS on 07/29/02 for $126.50

1934 PCGS 67RD Heritage price index $75-$100 (not going to list the dates anymore... taking too long)
PCGS examples since Sept 2002: $189.75, $184, $155.25, $178.25
NGC examples since Sept 2002: $52.90

1934-D PCGS 66RD Heritage price index: $60-$80
PCGS examples since Sept 2002: $143.75, $333.50, $143.75, $138.00, $138.00, $126.50
NGC examples since Sept 2002: $58.65, $73.60

1935-S PCGS 66RD Heritage price index: $75-$100
PCGS examples since Sept. 2002: $247.25, $603.75
NGC examples since Sept. 2002: $95.45, $93.15

To all those who think PCGS price guide is too high, I agree on most of the common modern stuff. However, on the truely rare modern stuff, it's too low... dont believe me, ask wondercoin. Or better yet, go (try) to find a pop 1 to 5 (non-finer) modern PCGS coin on an auction and then compair the price realized to the PCGS price guide.

David

wondercoin

"PCGS Price Guide and CoinWorld Trends are what dealers would like to get even for the lowest, nastiest junk coins on the face of the earth"

That comment is TOTALLY erroneous when it comes to high end Wash quarters. The CU Price Guide is so wacked out it isn't funny when it comes to underpricing MS67 Wash quarters. I would pay multiples of the Price Guide for many MS67 coins. Here are a couple examples:

1. 1939(s) in MS67 at $2500. Yeah right. Anyone out there - please email me tonight at $5,000

2. 1959(p) in MS67 at $2500. Did this price come out of "thin air"?

3. 1932(p) in MS67. Currently priced at less money for this POP 1/0 as the POP 9 OR 10 1935(s) in MS67 that DHRC was offering in excess of $10,000. IMHO, a price guide shouldn't be a guide only if the company publishing it has a coin for sale!! COME ON GUYS - CLEAN IT ALL UP, NOT 1 COIN AT A TIME AS A COIN COMES INTO THE COMPANY FOR SALE!! Or, simply cancel the guide until enough coins are sold to understand a series to avoid collectors relying upon misinformation.

I could go on all night. What I would like to know is who is coming up with all these rediculous prices? Come on the boards and say hello - ask a few questions and get your pencil out to clean up the guide. Wondercoin.

Bear

The PCGS Price Guide is a fairytale. Its just like reading Lord of the Rings. You enjoy it but

you really cant take it very seriously.

Clankeye

The Lord of the Rings is real, Bear. Don't joke around about that stuff.

michael

show me a coin in my speciality and based on the coin sight seen it could sell for under pcgs price guide or about what the price guide says to 2x to5x over the price guide also the same coins in the same holders the same grade same date/mintmarks etc could be worth many multiples of the other coins as above all depending on the look of the coin with the best looker having the highest demand along with the biggest price with the others having no demand at all!!

and some of those coins that would currently sell for over3x pcgs price guide are bargains

i guess price guides are just that guides general guides.
and also in this hobby you HAVE TO SPECIALIZE SPECIALIZE SPECIALIZE if you do not then you are in a huge disadvantage if you are buying/selling great coins as you will not know the value of such

price guides are just that guides and usually not done by any specialists in the series and also are not offers to buy or sell so most of the time it is not even worth the paper it is printed on

for someone starting collecting or an heir needing a price or for someone submitting a claim for damages/loss it might be okie sometimes

for me not of much use sometimes it does help me with some research
but it must be a starting point only and must be taken with a grain of salt till further more concrete price investigation is done

sincerely michael

Android

I think PCGS/CU should eliminate the price guide all together. I feel that there is a potential conflict of interest to have a "third party" grading service essentially attempt to make a market for its own products and grading opinions when it's also affiliated with a retail outlet such as DHRC, whose principal is involved in both. I believe David Hall when he has mentioned that there is no preferential treatment in the PCGS grading service, PCGS price guide, and David Hall Rare Coins triad, but it doesn't LOOK very good.

Andy

osirisMMII

<< <i>when it lists later year 69dcam kennedies for 30 and i can buy 5 at a time from DHRC for 15 to 20 a piece ..what does that say about the accurancy of the guide??? >>




When the price guide went online a few years back those 69DCAM Kennedy were trading regularly for $30. Unfortunately 3 things have happened since then.

1) The price guide (Kennedys anyway) has not been updated - even once.
2) Over supply of average common coins - everybody and their uncle can now submit coins to PCGS meaning many coins that shouldn't even be in slabs are now being submitted.
3) ebay! (see #2) There are so many 69DCAMs and no real market for them - coins that regulary went for $25 - $35 in auction several years ago now go for $15 - $20. There are dealers that must get a nice break on huge submissions cuz they list hundreds of coins at a time on ebay starting at $1 and selling for less than what it would cost me for submission fees/postage/cost of coin. Go figure!

I suppose we could add HSN and telemarketers to the list too.

When the price guide was first put online it was accurate for 69DCAMs and even the 70DCAM Kennedys but since then the bottom has dropped out of the 69 market and (at least until the past week or two) skyrocketed in the 70s! It was supposed to be updated regularly but......... apparently PCGS believed some things were better left alone. Too bad they don't feel the same about the damn grading standard!

wondercoin

BTW, no one PM'ed me yet offering to sell me the 39(s) quarter in PCGS-MS67 at the $5,000 I mentioned in my last post on this thread, which is 200% of current CU guide price. And, do you think I am losing money at that price!!

This isn't an issue of a Price Guide being 10% or 20% off. This is an issue, in far too many cases, of a Guide being upwards of HUNDREDS OF PERCENT OFF IN MANY CASES. IMHO, CU is too professional a company overall to permit this to continue to happen -at a minimum, put no price down at all when you have no clue what a coin should be priced at. Wondercoin.

DRG

Wondercoin; I agree CU is too professional of a company to list prices that are more than 600% off. If they can't keep it updated they should take it down.... That said they do have the 1974D Ike in MS67 @ $2,500

SBA$'s;

1979P MS67 CU= $98 actual is $600+
1981P MS67 CU= $196 actual is $950+ (most recent teletrade sale)(and that was CHEAP)
1981S MS66 CU= $98 actual is $600+

These are not one time sales. These coins have been selling in this range for several years and fairly frequently. The CU prices are absolutely meaningless and just detract from the hobby when they are so grossly WRONG!

wondercoin

"That said they do have the 1974D Ike in MS67 @ $2,500"

DRG: As you know, a broken clock is right twice a day

Wondercoin

cladking

Krause and Coin world price guides are the ones used the most by neophytes
and these still dramatically understate the value of many moderns. This practice
distorts and suppresses these markets, and can create ill will between buyers
and sellers.

flaminio

What do folk think of Teletrade's price guides? Since it represents what people have actually paid for coins, I find it fairly accurate for reasonably-heavily traded stuff.