My opinion: Coin Value Prices are superior to PCGS Price Guide....
Realone
Posts: 18,519 ✭✭✭✭✭
Do you agree or disagree.
Edited to say: true not for everything, but for what I collect it is, such as: Half Cents Large Cents, FEC's, IHC's, Capped Bust Half Dimes, Bust Dimes, LSD's &LSHD's, Twenty Cent pieces, Early Dollars; I guess you can say I am speaking of the classics not moderns with this thread.
Edited to say: true not for everything, but for what I collect it is, such as: Half Cents Large Cents, FEC's, IHC's, Capped Bust Half Dimes, Bust Dimes, LSD's &LSHD's, Twenty Cent pieces, Early Dollars; I guess you can say I am speaking of the classics not moderns with this thread.
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Comments
For what grade?
Business strike or proof?
Modern or classic?
<< <i>Do you agree or disagree. >>
Disagree some of the pricing is off way off but so is PCGS. Coin Value Prices show a 1967 Jefferson in MS-66 as 25.00 and I sell MS-65 for 65.00 the 66 go's for over 500.00 but it's all up to the buyer not the book's.
Hoard the keys.
For what it's worth, I prefer Coin Value prices for making a high estimate of the value of my collection.
He can be observed at nearly every major auction making notes.
In my conversations with him he revealed that by actually attending the auctions rather than just reading the prices realized he was able to get a truer picture of actual market conditions and prices.
The Grey Sheet depends almost entirely on dealer to dealer transactions on the electronic network and in most cases is not even close to attributing a price on coins with exceptional eye appeal or rarity.
Many coins that come to auction haven't been on the market for years yet grey sheet will still list the last known bid and ask.
In the past there was many a professional opinion that auction prices were unreliable due to "auction fever" and other conditions that would tend create anomalies.
Today all of the major players fly to the four corners of the country armed with more pricing data and market awareness than was ever available before.
Even the deep pocket collectors who attend these events are not amateurs given to auction madness.
The most comprehensive knowledge available is the auction archives and I believe Heritage provides the most complete information.
They provide the last half dozen or so examples that a similar coin was auctioned and the price realized.
It's interesting to search for and find the reason why there is such a difference in prices for the same coin in the same grade.
Since the images are shown it becomes apparent that not all coins in the same grade and holder are equal.
Collectors who want to assemble a truly satisfying collection and who will settle for only those coins that are superior for the grade are much better served by referencing the auction archives to ascertain the amount they will probably have to pay.
Collectors who are satisfied with the grade on the plastic holder will be able to fill their collection with coins priced closer to Greysheet. Dave W
David J Weygant Rare Coins website: www.djwcoin.com
David J Weygant Rare Coins
<< <i>The best value is still a rip
Hey Dave, it's one of them threads that I can hardly add much to, and after reading your post I felt it necessary to add something just for the "boost to the top" factor, as the subject matter is relevant... especially in light of the upcoming Long Beach show.
With all the crazy prices both high and low a coin can bring,
none have a chance of staying on top of every type
It's been that way forever.
I do not take price guides too serious... seems to have worked well over the years...
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