In auctions do you bid your coins over the PCGS value?

Bcsican

Ever find the coin of your dreams, or one that you really like but the price just keeps going up over the actual value, (auction) if the coin is suggested PCGS value, and PCGS is usually higher than the others use this just as an example.... the value is $150.00 and the auction price hits $200.00 do you still try to win or give up not spending the extra money???? Just curious what others do....

tmcsr69

If it's a coin that you rarely see come up for auction and I want the coin then I bid to win. PCGS price guide is just that - a guide.

fc

<< <i>Ever find the coin of your dreams, or one that you really like but the price just keeps going up over the actual value, (auction) if the coin is suggested PCGS value, and PCGS is usually higher than the others use this just as an example.... the value is $150.00 and the auction price hits $200.00 do you still try to win or give up not spending the extra money???? Just curious what others do.... >>



it all depends on the coin. if it is a widget i would pass.

if the coin shows up once in a blue moon, has serious eye appeal,
great for the grade, and etc.. i would consider going over their price
guide value.

COALPORTER

hehe, my goal is to get coins for wholesale.
I ignore the PCGS value somewhat. It depends on the coin series too. Some coins I collect don't sell anywhere near the P value, while others go way over. If the coin looks highend, or undergraded, then be ready to pour on the gas. If it's a coin I want real bad, and don't plan to resell (which i never do) then I may go way over, but the coins has to be "all there".

Bcsican

I always find it intestering seems those high end hard to find show up and a few start getting shark feeding frenzy driving the prices some times double or triple over the "guide" value and without question always on a coin I want...

LindeDad

I am beginnig to think the PCGS price guide is in 1999 dollars on the stuff I have been trying to get.

notwilight

The price guide is a guide, it is high on some coins and low on others. I've bought coins for well over it and sold coins for less than 1/2 of what was listed. --jerry

Bayard1908

<< <i>Ever find the coin of your dreams, or one that you really like but the price just keeps going up over the actual value, (auction) if the coin is suggested PCGS value, and PCGS is usually higher than the others use this just as an example.... the value is $150.00 and the auction price hits $200.00 do you still try to win or give up not spending the extra money???? Just curious what others do.... >>



$150 is a widget. I'd wait for the next one. That being said, there are some coins where the PCGS guide is low.

1Mike1

I've doubled a coins price of the PCGs guide - because I want the coin. I don't do it often but it happens.

PutTogether

I bought a 1922-P Peace Dollar for 15 times the PCGS price guide value, and was happy to pay it. - wasn't a VAM either.

mozin

I take the PCGS price guide for what it says, suggested retail for a PCGS holdered coin. In answer to the thread question, only for a special variety that I feel is totally incorrect in the PCGS guide.

lasvegasteddy

i never consider the extra $$$ to acquire as an issue so yeah i do...i pay over guide price most times as chances are i would of blew that extra and have nothing to show later

by no means am i the sharpest axe in tha shed and i've respect for those more penny wise

sweetwilliet

Happened many times to me, and I have bid multiples over the price guide. Just know your series and what the re-sale potential is to limit downside risk, unless you are keeping the coin forever. If you truly find "the coin of your dreams", it is likely a combination of rarity, eye appeal, solid for the grade, etc... and numerous others will see it for what it is, and will go over the guide.

Bcsican

In the old days I use to bid to win never considered any written values if I want the coin I usually got it...did well years ago, nowdays I think a little harder on how much the coin is at auction, and how badly do I really want to spend the money....(or need it for a collection)

pennyannie

I do not need a coin bad enough to go over the inflated pcgs price guide. There are plenty of decent buying oportunities to avoid this. I just hate to dig myself a deeper hole than it needs to be.

FatMan

Well, it depends on the coin and it depends on whether the PCGS price guide is accurate for that specific date. Fact is, the PCGS price guide rarely comes into play when determining my bidding limit. I just don't pay it much attention.

intence

90% of the time i overbid just because i like to seize the moment.....

Unknown

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illini420

For very low pop coins that rarely come up, the guide doesn't apply to my bids. a recent example was a 1908-S Indian Head Cent graded G04... PCGS Guide is $55 and this is the lowest graded 1908-S available with a population of only 3 coins in this grade.

The moment I saw one on eBay with no action I offered the seller $75 to end the auction and ship it to me. Of course the seller agreed and sure, I arguably overpaid, but I wanted one of these in that grade, so there! Didn't want to risk someone else bidding me up on it.

OKbustchaser

I bid up to what the coin is worth TO ME. That may be higher than the PCGS guide. It may be lower than the greysheet bid. I really couldn't care less what any price guide or any other person (except for the seller's reserve, if any) thinks that it should be worth.

doh

Often, yes.

garsmith

It depends on the coin, but normally I bid well below price guide listed value.