Can someone tell where PCGS gets their prices from?

Realone

This was already mentioned, but for example PCGS says that the capped Half bust dime series typical date goes for $4k in MS65, what is this price based on?

Edited to insert Half.

RYK

I have heard that dealers can "help" by providing information like auction prices realized and actual invoices for retail transactions.

Mercury10c

From the guide:
"The prices listed in the PCGS Price Guide are the average dealer asking prices for properly graded United States coins. The prices are compiled from various sources including dealer ads in trade papers, dealer fixed price lists, significant auctions, and activity at major coin shows. Prices for the most actively traded coins are updated daily. Other issues are updated as needed. All prices are reviewed at least once a month."

tmcsr69

YaHa

From a Bingo machine, where else!

BECOKA

<< <i>Ok, I collect capped half bust dime series, I am not aware of anything selling for $4k. Now granted I don't know what dealers have sold privately, and they often list coins high, but the plain facts are that they don't sell for $4k, no matter what, unless that is if it were to have unbelievable toning au natural. But otherwise this is just not right. >>



Not all of PCGS prices are accurate. Many are inflated because sometimes dealers will sell a coin with superior eye appeal that goes for a premium.

tradedollarnut

Once upon a time I helped with the high grade seated and trade dollar pricing. I was probably aware of more private transactions than anyone in those series. Do remember that the prices are for nice for the grade PCGS coins - NGC can be much lower.

For instance, a nice gem seated dollar is $50k+ in a PCGS holder, $20-30k for NGC. This presumes, of course, that it's already made the obligatory dozen trips in for crossover and anything that would cross has already.

[do note that this price difference is NOT completely due to how NGC grades - the vast majority of gem seated dollars receive the same grade at both PCGS and NGC. But because they sell for so much more in PCGS holders, they are tried again and again and again before you ever have the chance to purchase them - the result is that the quality for the grade coins migrate into PCGS holders and the value falls for coins in NGC holders]

TahoeDale

Realone,

I believe you, as a collector of the capped bust half dimes, that the Guides may be high.

I saw a totally different scenerio when I was putting together a MS Lib nickel set in 66 or better. The prices in the guides were way too low, for dates with full details(as QDB wrote in his book), and several of us put together a realistic price guide.

Maybe these 2 series have not had the hype/ attention requiring a closer look by PCGS.

But I believe they are doing the best job by anyone, to accuately tell us what the market shows, for the entire series of coins we collect.

I suggest you write David Hall, with the auction data, and sales by dealers, as he always is open to bits of information to aid his tremendous task.

tradedollarnut

<< <i>But this guide if so faulty and inaccurate, no capped bust half dime even if pq and in pcgs plastic goes for $4k. I understand if incredibly toned it could reach $4k or more, but for PCGS to create a guide that doesn't reflect reality is a waste of their time and ours if we were to read it, wha'ts the point >>



Your statement is erroneous. This one brought $4300+ at FUN 2008. Perhaps they raised the value based on what a PQ coin will fetch at auction?

53BKid

They use a dart board with values associated with the numbers.

tradedollarnut

ok - I know little about the series ... all I did was check the PCGS price guide on the Heritage site and it said $3500 so I presumed this is a type coin. And I don't consider that to be wild toning for a bust coin - decent and pretty, but not wild.

As far as maybe being a 66 .... let's just call it PQ.

IGWT

In my area of collecting, PCGS seems to do a pretty good job of modifying the guide to track recent sales. But those modifications (at least at levels where relatively few coins trade) more often reflect differences among coins than changes in the market value of like coins.

Goldbully

tradedollarnut

Here are 2 more over $4k at Stacks.

$4140 for a white example

$5060 for a somewhat toned PQ example

At what point does PCGS say enough is enough and raise their price to $4k?

tradedollarnut

*shrug* At some point it goes up. Just looking at Stacks and Heritage, the majority of the lower prices were either NGC or from a few years ago. Nice coins are going up ... not so nice coins have held down prices for some time now.

If you exclude the NGC and anything more than two years old, the average price realized may very well be approaching $4k now. I've always been of the opinion that pricing is really a range, not a fixed point... just like quality.

goldboy

Interesting thread.
BTW.................................(TDN) your TD posts have been much appreciated on these boards, and I wish you the best in your trade endeavors (and keep us posted) !

segoja

Knowledagable folks help PCGS, but still need to have credible numbers.

I help on the Ikes, and if you look at prices relative to the market I'd say it's one of the more realistic prices guides.

It all depends on how much time has been put into the price analysis and also how varied the prices within a series are.

Take 1950-1970 cameos...there is so much variance in quiality, the price guide is just that. Top end coins get close to guide prices, just made it coins get lower prices.