The credentials of the guy who owns the Numismedia Price guide is...

ANACONDA

...that he was the editor of the Greysheet from 1984 to 1998.

Cool, eh?

I just paid about $200 for a two year subscription.

Link to their site...

adrian

jeffnpcb

They just starting charging for the price guide on the retail end above the AU grades didn't they? I have used it several times in the past for comparative pricing, but often it was incomplete on Dcams and Cameos.

Have they improved on the site, because at one time I was interested to join, but with incomplete data on retail pricing, I didn't if it was that way at wholesale or dealer pricing. I hate to pay for a service that wouldn't be beneficial at all ends.

Any information on changes would be nice, I've had their website bookmarked for a couple of years.

Morganluver

How accurate are their prices relative to the actual market though? Grey sheet seems to be the guide of choice and the one most closely adhered to. In the past I've found thier listed prices to be 20-30% higher than grey sheet. As a seller that's good, but as a buyer one would want to be closer to grey.

barberlover

Anaconda, I wont comment on this persons credentials because i don't know this person, but accuracy of pricing counts very high with mint state or proof type coins and i can give you 2 that would benefit me but are very badly exagerated 1. 1876 seated quarter in m.s. 67 is listed at over 7000 bucks, the commonest date in the entire seated series, I have a 66 {i wonder what it's worth?] but the most rediculas is a coin that i do own and its one of my favorites the 1884 seated quarter has the 5th lowest mintage in the entire series for all dates and mint marks, howevr many dates that had lower mintages in the 1880's were highley prized and saved by the collectors of the time, yet according to the numismidia price guide my 1884 p.c.g.s. 66 is worth over 9,000 bucks and has actually gone up in value a couple hundred bucks since i baught it, it's to bad grey sheet doesn't list above the grade of 65, i'd sure like to hear what their opionions on what my coins are really worth [what a joke]

ANACONDA

Ok. the mint has been open since 1793. Let's assume for the sake of simplicity that they have been making cents, nickels, dimes, quarters,
halves dollars and two gold coins per year. That's 7 denominations for 210 years in about 13 grades. That's pricing info for 19,110 slots. Divided by 365, you would have to review 52 prices per day just to review each one once per year. A review of each coin once per month increases your review to 628 slots per day.

They make mistakes.

When you find a mistake, I'd give Dennis Baker, the editor a call.

You can reach him at (949) 362-3786.

Hey, the greysheet is still listing MS63 Wreath cents at $21,000. We can all give examples of where all the sheets are off.

I just looked up pricing info for a 1883 Seated Quarter in NGC MS 66.

Here's what i wrote:

Grey sheet bid for an 1883 in mint state 65 is $1,850 and for the commonest quarter, the 1876, it is $1,225; the better date carries a 51% premium over a common date. If you carry that date premium over to the Bluesheet which lists the most common PCGS and NGC Seated Quarters in 66 respectively at $1,800/$1,380, a mathematically correct application of the date premium would put sight unseen bid for a an 1883 Quarter in mint state 66 at $2,700 if it were a PCGS coin (1.51 times $1,800) and $2,070 if it were an NGC coin (1.51 times $1,380) . Because this isn?t an ugly coin, sight unseen bids are arguably not applicable. So, if sight seen coins command a 15% premium over bids for sight unseen PCGS coins (Greysheet bid for a common date divided by the sight unseen bid for a common date PCGS coin; $1,225/$1,065) and a 55% premium over bids for sight unseen NGC coins ($1,225/$810), one could hypothesize that if the Greysheet put out a sight seen pricing guide for all Seated Quarters in mint state 66, it would accord, all other things being equal, a sight seen price of somewhere around $3,150 and $3,200 for one dated 1883. Interestingly enough, the PCGS price guide lists the coin at $4,400. Numismedia lists the coin at $3,030.


(I can just here it now..."oh, gee, now he's posting write-ups just to promote his offerings....")

adrian

oreville

never read anaconda's great works when one has a bad head and chest cold....

Sorry, I couldn't figure it out. :-(

Save it for me when I get better. :-(

ANACONDA

I guess i should have given the preface too, which was "if you don't like math, read no further."

CLASSICS

adrian....the graysheet has been aroung the longest, i have never seen a dealer who has great coins not have one. today we have all kinds of ...price guides.... this i beleive to be what most would base the values on.... ,again remember it too is a ...guide....

CLASSICS

just a month or so ago, this numismedia was free.

barberlover

I would agree that there certainley are alot of different coins in different grades to keep track of, i also would agree that anyone can make a mistake. What i have serious problems with is the crediblity of a service offering a price guide with huge differences in terms of realistic prices that have not been corrected by that service in years. My collection is small, yet of the coins i do own, half are not listed in the grade i own and 2 others are either 2 year uncorrected mistakes or inflated beyond belief retails that have no substance in reality. I purchased my 1884 seated quarter in March of 2001 from a local dealer at a show where the coin had been in his inventory for years because of what he had into the coin. I talked him into selling it to me when i reminded him that if he didn't want to leave his money tied up untill the next "bull" market he had to deal with reality of the market for price, he reluctantly agreed and i still paid more than anyone had offered him, yet i paid less than one third of what numismedia price guide said it was worth [which is the guide he pulled on me when he offered me the coin in th first place. Yet 2 years later the price in the guide has gone up, which means someone had to deliberatly adjust it up!! Mistake?, I don't think so. And now they want to charge for this "price guide" No personnel slight intended but i can only go by my personnel experiences on this.

Steve

Just in case you are not aware, the CDN (Coin Dealer Newsletter) is a DEALER price guide giving wholesale bid and ask prices. Most of the other guides including Numismedia and CU's price guide here, are RETAIL price guides giving obviously higher retail pricing. Whether either one is correct is a matter of opinion. The true price of any coin in any grade is the price a willing and knowledgeable seller is willing to sell for to a willing and knowledgeable buyer who is willing to pay. Any other price in any other price guide is just the opinion of the writer of the price guide. JMHO. Steve

truthteller

Sorry to say, the Greysheet is not a true or accurate reflection of the coin market, just a guideline with information from various sources. The best information available is the auction prices realized, or someone who is actually dealing in that particular end of the market. For example, on the greysheet or bluesheet, the high end commems look as if they are 'hot'. I can tell you, they are not. In fact, commems are extremely soft, unless you have very pretty colored coins. Don't rely of greysheet prices for truely rare coins, since many do not change hands readily and the prices listed can be very misleading.

TRUTH