Which price guide do you use to check "value" of coin?
seatedcoins
Posts: 1,096 ✭
Which price guide do you use to estimate what a raw coin might be worth? Greysheet, PCGS, or other?
Trustworthy BST sellers: cucamongacoin
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BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
Sometimes the Redbook for circulation finds, common crap, etc.
<< <i>CoinWorld's coinvaluesonline.com. among others >>
(Mental note to self, to check that out)
Value is what someone thinks it's worth.
Real value is what someone will pay for it.
True Value is a hardware store.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I like the red book, but it's unrealistic for most of the coins I want to sell.
I've never been able to find that.
<< <i>Where is the archive tab on ebay? >>
Just do a normal search but click the "Completed Listings" check box on the left.
<< <i>Where is the archive tab on ebay?
I've never been able to find that. >>
by the search is advance search, go to that and fill in item and then check completed auctions only.
Edited to add...actually they are worth something without an offer, face value.
For example, a 1940 Lincoln in MS68R is "valued" at $13,000? No thanks, even if the 2x2 housing it is made out of platinum with a space age material viewing window. If I need this coin for my circulated collection, I'll try to buy a nice one for $.50 (AU50 listed at $.45) and not quibble about the price. If I need this coin for my uncirculated collection, I might try to buy one for about $10.00, maybe a bit less. An MS64R is listed at $12.00 in "Coin Values." I might even consider paying $12.00 for my 1940 Lincoln,if an especially nice red unc., but now we're starting to talk about the coin having to be in a slab.
This is only an example and not intended to be a future indicator of the price of the 1940 Lincoln cent ($.05 G-4,12/12/07).
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
<< <i>Greysheet bid...usually
Sometimes the Redbook for circulation finds, common crap, etc. >>
Please tell me where I can aquire nice type coins at sheet BID. I cant seem to get my hands on them at ASK and sometimes even 10-20% over ask!
Coin World Values
PCGS pricing guide
CDN Greysheet
Redbook
Answer: CDN Greysheet
Why? That is a WHOLESALE price guide. The others are RETAIL price guides. Folks, there IS a difference in the prices published. Coin price values in various publications reflect ONLY a guide to real prices in the market place. You can buy a coin only at a price a seller is willing to sell that coin at. The seller can only receive a price that a buyer is willing to pay. Makes sense? Then why do we continue to see these kinds of threads.
Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Why is seeing a thread like this a problem for yas? Wholesale (low) numbers are not magic anymore than PCGS price guide (high) numbers. The seller is always free to ask as much as he wants or needs for a coin. The buyer is always free to say "NO" to too high a price number regardless of which guide is being used by the seller. The hammer price can have practically no relationship to the "value" given by the various guides.
I am under the impression that this thread is about opinions of where to look to get "values" of coins, which of course is most usually not the real determiner of the "price" that a coin, any coin, might realize.
A good many coins on the "sheet" can be bought for below "bid", sometimes well below. On the other hand, some coins can not be bought at ask or even stiff numbers above ask by the coin buying dealer because the coins are simply not available for purchase at this level.
I agree with your other remarks in your post but why is using Greysheet to establish "value" for some such a big deal to you?
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
<< <i>eBay, Heritage archives >>
^What he said
<< <i>Which pricing guide does NOT belong?
Coin World Values
PCGS pricing guide
CDN Greysheet
Redbook
Answer: CDN Greysheet
Why? That is a WHOLESALE price guide. The others are RETAIL price guides. Folks, there IS a difference in the prices published. Coin price values in various publications reflect ONLY a guide to real prices in the market place. You can buy a coin only at a price a seller is willing to sell that coin at. The seller can only receive a price that a buyer is willing to pay. Makes sense? Then why do we continue to see these kinds of threads.
Steve
This is a good post.
Every year geese fly south and new numismatists jump on board. Many frequent here and threads such as this are good. I appreciate your post, Steve. It's on the money.
None. A coin is always worth face value. I then add points/$ for color and eye appeal.
everything else goes up from there depending on rarity and grade.
for example, i can state that almost any southern half eagle is
worth more then 300 in any condition. 500 for a nice one with
small problems and a clear mint mark. 750 for a problem free
circulated example..
general rules like this are easy to create if you just collect one
series.
some half eagles are so rare and do not come up for auction much
that you can easily state a price that you yourself would be willing
to pay for it without much thought/research.
sure, some cases the next grade up is worth 10 times more but
i rarely ever get into this situation. a la MS coins in high grades.