PCGS price guide

I have got my collection down to mostly PCGS(80%) and NGC certified coins. I used to use COIN MARKET and CDN to get pricing info. My question is this: Is the PCGS price guide an accurate instrument in placing value on coins? Also are the values listed considered full retail.
Thanks, Wayne
Thanks, Wayne
0
Comments
Russ, NCNE
They consider that to be the more realistic value.
On the other hand, I sold a major coin at auction that went for 20% PCGS price guide value.
<< <i>Some people take the PCGS price guide number, then multiply it by .7
They consider that to be the more realistic value.
On the other hand, I sold a major coin at auction that went for 20% PCGS price guide value. >>
$.20 on a dollar????
What was the coin and why??
``https://ebay.us/m/KxolR5
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<< <i>It varies among series and grades, but it wouldn't be bad if you need to work out insurance replacement costs I think. >>
if only pcgs would stand by it when going over a "spot review" or recent eBay sales whichever is greater ( I know I am dreaming)
<< <i>Full retail if buying. Dreams if sellings. >>
BINGO!!!
<< <i>I noticed when I'm buying, the price guide is relatively accurate. When I'm selling, it's way off. >>
Ain't it the truth.
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etexmike
The PCGS price guide seems more like an appraisal price… the market value often seems to be about 35% less. (Multiply the PCGS price by .65)
For example, if you look the PCGS price guide, and you see a coin valued at $1000.00 and if you then look at EBay completed items, you’ll see that coin, in the PCGS holder, with the same grade, often sells for around $650.00.
Less expensive coins or other times… rarer coins can sell closer to the PCGS listed price, around 10% less but, that’s more of the exception than the rule.
It could be very much like having something appraised… for example, your diamond will always appraise for double what you paid for it. That does not mean that your diamond is worth double what you paid for it… it means the ‘appraisal’ is always double the market value. It’s used a lot for insurance purposes and, of course, to confuse and fool the public into thinking they’re getting a GREAT DEAL! “I brought my engagement ring for $3,000 and later it appraised for $6,000!... so, I got a great deal!”
AL