Price Guides
Bigrig52
Posts: 677
What is the best price guide to use when buying and selling coins..Thanks
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Bigrig52
Posts: 677
Comments
Some of the more helpful things to look at include the Coin Dealer Newsletter (aka CDN, or the "Greysheet") for wholesale prices, CoinValues ("Trends" for retail values), eBay completed auction listings, and the auction archives at Heritage (heritagecoin.com).
Pricing coins is complicated, but these can get you started. It can be really tricky with infrequently traded items. I know of one coin, for instance, where Greysheet says $450, Trends says $1,700, and neither eBay nor Heritage has closed an auction for one in this grade in years. Moreover, nobody I'm aware of has one for sale in this grade at the moment at all. What's it worth? The only way to find out is to sell it ...
<< <i>quite honestly, i see what the coins SELL FOR on heritage, thats the best indicator in my book >>
Recent auction results are typically the best indicator...but I'd try to look at more than one result for a particular coin.
<< <i>Recent auction results are typically the best indicator...but I'd try to look at more than one result for a particular coin >>
They help, certainly. The trouble is that coins aren't like shares of IBM; no two are the same. I was just over at Heritage this evening looking at results on certain 1950's Washington quarters in Gem. There are some date/mm's where the "same coin" has sold in the same grade in the same plastic for anywhere from $12 to $150 within the last two months. The obvious explanation is that some are technically dogs for the grade, while some are likely upgrades; compound that with the even more subjective matters of eye appeal and color -- but without knowing where on these spectrums the coin you are thinking of buying or selling stands, these price points are limited in their usefulness.
<< <i>
<< <i>Recent auction results are typically the best indicator...but I'd try to look at more than one result for a particular coin >>
They help, certainly. The trouble is that coins aren't like shares of IBM; no two are the same. I was just over at Heritage this evening looking at results on certain 1950's Washington quarters in Gem. There are some date/mm's where the "same coin" has sold in the same grade in the same plastic for anywhere from $12 to $150 within the last two months. The obvious explanation is that some are technically dogs for the grade, while some are likely upgrades; compound that with the even more subjective matters of eye appeal and color -- but without knowing where on these spectrums the coin you are thinking of buying or selling stands, these price points are limited in their usefulness. >>
True enough...but at least with multiple auction results you get a range of prices; you can typically look at the specific coins in the range and judge for yourself how they compare to others; and you get pricing over a given period of time so you can have some indication of where the market is for a particular coin.