Question to Dealers: Value of MS62 coins

jom

I've always been curious as to how dealers come up with the price for these rarely price quoted grades such as MS62. Do you use Coin World Trends and then back down a certain percentage or do you do an estimate using Grey Sheet 60 and 63 bid along with CW? Just curious...

jom

TomB

I just estimate based on the look of the coin and the bid prices for MS60 and MS63. The few MS62 coins that are really nice, the ones that are more likely undergraded, I will pay over MS63 money for. Here's an example of an MS62 that I paid MS63 money for-

stman

Nice piece there Tom.

jom

Nice coin there Tom.

Anyone else want to chime in here? I've been kind of curious about how others evaluate MS62 coins....at least ones that do NOT have blue sheet columns anyway...

I've tried using Grey Sheet 60 and 63 then use CW Trends 60 and 62 and do some sort of correlation....any ideas?

jom

itsnotjustme

You can also look at several sources such as prior e-bay sales (can fluctuate much), or other prior auction sales such as Heritage.

jom

Good point. I don't why but I ALWAYS forget about past Heritage sales.

Thanks for the idea...

jom

wayneherndon

There are a few nice (read "likely undergraded") coins in 62 holders like the one Tom posted. The problem with most, however, is that they are typically not that nice, hence the 62 grade. Often the 62 grade is for "ugly uncs". They're really the bottom of the barrel uncs. On the other hand, coins in a 58 or even 55 holder often look much better than 62s. In fact, 58s are often 65+ coins that have a bit of a rub or other minor distraction that is seen only on close examination. On the other hand, a 62 is technically unc but has a lot of obvious distractions. Thus, to generalize about the grade, 62s typically sell for much closer to 60 money than 63. 58s, which tend to look really good (again generalizing about the grade) often also bring close to 60 money.

Just my observations--hope they help.

WH

pbyco

What about MS61 pricing - seems like all the gold I have is graded MS61, and this grade is ALWAYS skipped over in pricing reports!

shirohniichan

I don't think there's a consistent way to fix MS-62 prices. Due to market grading, lots of nice AU-58's are now MS-62, and some ugly UNCs are also MS-62.

jom

<< <i>In fact, 58s are often 65+ coins that have a bit of a rub or other minor distraction that is seen only on close examination. >>



Theoretically, that is true and it might be for the series you are collecting but in the types of coins I see AU58 isn't what it used to be. What used to AU58 (in early 20th Century gold at least) is now MS62 or better.



<< <i>seems like all the gold I have is graded MS61 >>



From what I can tell, most 61 coins are usually priced at MS60 money. But, again, that holds for the gold coins I collect but it may not be the case for, say, early type coinage...as an example.

jom

jom

<< <i>Due to market grading, lots of nice AU-58's are now MS-62, and some ugly UNCs are also MS-62. >>



Shut up, dammit! You are confusing the issue! lol

jom

gmarguli

How about looking at Bluesheet?

You can pick a price for MS63 in Bluesheet and compare it to MS63 in Greysheet. Figure out the percentage for a properly graded (Greysheet) coin. Then apply that same percentage to the MS62 price listed in Bluesheet.

jom

Greg: Yeah, but like I said some series are not listed in the Blue at the MS62 grade. But I think the method is the same as I suggested using the CW prices.

jom

gmarguli

Which ones are you looking at that aren't in the Bluesheet?

jom

Actually there are a lot of series that aren't covered in the blue sheet. Indian gold for example. They don't even have a date by date listing...only in the monthly grey sheet.

jom

shirohniichan

Actually there are a lot of series that aren't covered in the blue sheet. Indian gold for example.

Why don't you start collecting a series that is covered in the Blue Sheet?

jom

<< <i>Why don't you start collecting a series that is covered in the Blue Sheet? >>



D'oh!

jom