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The Plus values are now listed on the price guide

BearBear Posts: 18,953 ✭✭✭
in U.S. Coin Forum
It makes for some interesting reading.
There once was a place called
Camelotimage

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    FairlanemanFairlaneman Posts: 10,430 ✭✭✭✭✭
    According to the price guide sending a coin in for a plus designation would be foolish for what I have collected. A few would be worth it but not many. Its easier to just ask for a few bucks more for a coin that you think is very nice for its grade. I'm thinking about a 65 buck bump would do the trick.

    Ken
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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    How can there be a credible price guide when there is no real life transaction history for these coins, and many probably currently do not exist?
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    segojasegoja Posts: 6,141 ✭✭✭✭
    They are all formula driven +50% of the same grade price.

    They are in all the series I fool around with, so does that mean that all series will be open to + grading? I thought some might be excluded.
    JMSCoins Website Link


    Ike Specialist

    Finest Toned Ike I've Ever Seen, been looking since 1986

    image
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    droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>How can there be a credible price guide when there is no real life transaction history for these coins, and many probably currently do not exist? >>



    My thought exactly.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
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    BearBear Posts: 18,953 ✭✭✭
    It may take a year or so, to let the market place validate the values.
    There once was a place called
    Camelotimage
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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>It may take a year or so, to let the market place validate the values. >>


    Or is the price guide attempting to lead the market?
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    BearBear Posts: 18,953 ✭✭✭
    That is very possible!
    There once was a place called
    Camelotimage
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    RobbRobb Posts: 2,034 ✭


    << <i>How can there be a credible price guide when there is no real life transaction history for these coins, and many probably currently do not exist? >>



    AMEN! What a joke.
    imageRIP
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    dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
    Hmmmmmm, do I see just another gimmick in the making???image
    I wonder if they'll soon be ++ designations for super duper nice coins and +++ for super super duper nice coins??? image
    image...There's always time for coin collecting. image
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    BearBear Posts: 18,953 ✭✭✭
    By a mathematical formula using the mean average price of a set coin and a set date
    to the highest average price for that specific example. The market place has and is in fact
    factoring technical ,as well as appearance and originality in the price of coins at auction.
    There will of course be errors and these will be worked out in time.
    There once was a place called
    Camelotimage
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    bidaskbidask Posts: 14,057 ✭✭✭✭✭
    I thought I heard in the presentation that less than 20% of all pcgs graded coins would receive a plus designation.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>By a mathematical formula using the mean average price of a set coin and a set date
    to the highest average price for that specific example. The market place has and is in fact
    factoring technical ,as well as appearance and originality in the price of coins at auction.
    There will of course be errors and these will be worked out in time. >>



    Huh? Were you hired to do the math for Health Care Reform? image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    MoldnutMoldnut Posts: 3,116 ✭✭✭✭
    Just because a price guide says something, it doesn't make it so.
    Derek

    EAC 6024
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    BearBear Posts: 18,953 ✭✭✭
    That sounds about right. CAC awards about 40% - 50% Green beans, Since the PLUS

    is the upper 15% of a grade ,in addition to the appearance, 20% is perhaps a little on

    the high side. Remember, a company must always keep the hopes of all the little people

    in mind.imageimage
    There once was a place called
    Camelotimage
  • UnknownUnknown
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    blu62vetteblu62vette Posts: 11,973 ✭✭✭✭✭
    That looks just plain wrong in the guide right now and is meaningless until they hit the market.
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
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    coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>How can there be a credible price guide when there is no real life transaction history for these coins, and many probably currently do not exist? >>

    One way might be if the prices were based on dealer bids for such coins, posted on the electronic exchange.
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    blu62vetteblu62vette Posts: 11,973 ✭✭✭✭✭


    << <i>

    << <i>How can there be a credible price guide when there is no real life transaction history for these coins, and many probably currently do not exist? >>

    One way might be if the prices were based on dealer bids for such coins, posted on the electronic exchange. >>



    Are there already bids out on these?
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
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    ClosedLoopClosedLoop Posts: 1,077 ✭✭✭
    plus stands for plus size pockets....image
    figglehorn
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    291fifth291fifth Posts: 25,240 ✭✭✭✭✭


    << <i>How can there be a credible price guide when there is no real life transaction history for these coins, and many probably currently do not exist? >>



    image
    All glory is fleeting.
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    wondercoinwondercoin Posts: 17,138 ✭✭✭✭✭
    There COULD be a credible price guide based on similar circumstances.

    Remember, CU has been around the block once before with this...

    They went to "half grades" on sports cards a while ago. They have ample information on how the cards performed in grades of 9.5, 8.5, etc.

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>There COULD be a credible price guide based on similar circumstances.

    Remember, CU has been around the block once before with this...

    They went to "half grades" on sports cards a while ago. They have ample information on how the cards performed in grades of 9.5, 8.5, etc.

    Wondercoin >>



    So coin prices should be based on baseball card price history. Now, I am really getting nervous...
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    wondercoinwondercoin Posts: 17,138 ✭✭✭✭✭
    Not entirely.

    But, split grade values of rare classic cards are certainly very informative, albeit not determinative to the coins.

    Wondercoin

    P.S. I visited a collector recently who showed me an PSA-8.5 of a classic card that he also owned in PSA-9 at a cost of $75,000 while the PCGS-8 was worth around $5,000. He told me that his recently graded PSA-8.5 was worth around $15,000. Interestingly, that % difference is fairly close to the opening percentage spreads on the + coins. When one sets out to price coins, vast knowledge of many different fields of collectibles probably does not hurt.
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    BaleyBaley Posts: 22,663 ✭✭✭✭✭
    It's a guide to teach people how to interpolate on a skewed parabolic function line connecting the two whole number grades.

    Liberty: Parent of Science & Industry

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    EagleguyEagleguy Posts: 2,264 ✭✭✭✭✭
    One way might be if the prices were based on dealer bids for such coins, posted on the electronic exchange.

    According to coinnews.net, "The Certified Coin Exchange (CCE), the world’s largest online dealer-to-dealer network, has added sight unseen bidding and trading in "plus" (+) grade designated coins certified by Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC)." linky

    JH
    JH

    Proof Buffalo Registry Set
    Capped Bust Quarters Registry Set
    Proof Walking Liberty Halves Registry Set
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    BigRickBigRick Posts: 1,334
    Link to price guide values with plus? Don't see it for Lincolns???
    My Sets
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    BothuwuiBothuwui Posts: 484 ✭✭
    2 Predictions:
    Non-plus coins will drop in value
    PCGS will Body bag more coins
    Successful transactions with: goldman86, dmarks, CoinFame, segoja, commoncents05, wondercoin, Dabigkahuna, Levinll, RNCHSN, MrOrganic, Type2, ModernCoinMart, alohagary, BECOKA, guitarwes, rbf, fishteeth, freechance, agentjim007, PQPeace, Russ, GSAGuy
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>It's a guide to teach people how to interpolate on a skewed parabolic function line connecting the two whole number grades. >>

    I would think a simple geometric mean would do as a rough, quick-and-dirty "interpolation." That is often fairly close to the market value of an "in between" grade.

    That is, if a coin is VF-30 and there are established values for VF-20 ($200) and XF-40 ($500), the geometric mean is sqrt (200*500) = $316, which is probably in the ballpark. Certainly the arithmetic mean (in this case $350) is probably too high in most cases since the "in between" value usually is weighted a little more toward the lower grade's value.
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    timber100timber100 Posts: 863 ✭


    << <i>Hmmmmmm, do I see just another gimmick in the making???image
    I wonder if they'll soon be ++ designations for super duper nice coins and +++ for super super duper nice coins??? image >>



    There will be a first strike + if you get the coin to them within the first week of the mint release date. It will be a very special designation for collectors who feel they are not overpaying enough for a mere first strike slab.
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    tahoe98tahoe98 Posts: 11,388 ✭✭✭


    Huh? Were you hired to do the math for Health Care Reform? image >>



    ....image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington

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