When does PCGS update coin values in "my inventory"

jessewvu

Some coins do not have values that auto-fill. Is there any reason for that?

Gobrechts99Grapevine

PCGS updates coin values based on auction results to which they ascribe sufficient validity. The absence of any useable sales data is surely the biggest reason why auto-fill sometimes will draw a blank. Of course, once a value gets entered it stays there, and if years go by without any relevent sales as, for example, with 1839 Original Proof Gobrecht dollars (PCGS population = 16), or 1909 VDB Matte Proof Lincoln cents (PCGS population = 97), the Price Guide values sometimes get old and consequently are not very accurate.

Steve

<< <i>or 1909 VDB Matte Proof Lincoln cents (PCGS population = 97), the Price Guide values sometimes get old and consequently are not very accurate. >>



If you have been following the PCGS price guide for the 1909VDB Matte Proof you would know that over the past three years the prices in just about all the grades listed have gone up significantly. They have changed periodically over this time.
Steve

Gobrechts99Grapevine

<< If you have been following the PCGS price guide for the 1909VDB Matte Proof you would know that over the past three years the prices in just about all the grades listed have gone up significantly. They have changed periodically over this time. >>

You're absolutely right, but that doesn't mean that what I said ("the Price Guide values sometimes get old and consequently are not very accurate.") isn't also perfectly true. Case in point: less than one week ago, Brian Wagner auctioned off a 1909 VDB PR65RB for $41,001. But the PCGS Price Guide was, and (at least for now) still is only at $17,000.

Even if all the prices have gone up, that doesn't mean that they are all accurate. The Price Guide says Stewart Blay's '09 VDB PR67RD is valued at $65,000. I'd borrow money in a heartbeat to buy it for $65,000, and I wouldn't be the least bit shocked if one easily sold for two, three, or even four times that amount!