PCGS Price Guide
ClinkinKY
Posts: 97
Comparing prices in the PCGS price guide with the actual prices realized in online auctions shows that the PCGS price guide is somewhat higher in some cases and considerably higher in others. Is there some "ballpark figure" of the PCGS price guide (for instance maybe 65 or 70%) one can use when determining what their maximum bid should be. I'm not talking about a "hard and fast" rule, but would be interested if anyone has ever considered this in their decision(s) when bidding. If this is a stupid question please take it easy on me, as I'm pretty new to the hobby but am trying to learn as much as I can, as fast as I can, and I figured I'd go to the people who would know best
Thanks in advance.
Thanks in advance. "The more you complain, the longer God lets you live".
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This forum is a great place to learn as well. Ask questions and post recent purchases to get others' opinions.
Have fun!
Franklin-Lover's Forum
<< <i>Comparing prices in the PCGS price guide with the actual prices realized in online auctions shows that the PCGS price guide is somewhat higher in some cases and considerably higher in others. Is there some "ballpark figure" of the PCGS price guide (for instance maybe 65 or 70%) one can use when determining what their maximum bid should be. I'm not talking about a "hard and fast" rule, but would be interested if anyone has ever considered this in their decision(s) when bidding. If this is a stupid question please take it easy on me, as I'm pretty new to the hobby but am trying to learn as much as I can, as fast as I can, and I figured I'd go to the people who would know best
Current auction results are the most reliable trading price for coins, some consider them "wholesale" prices while the PCGS price guides can be interpreted as retail levels. Neither is a hard and fast guide for coin pricing however. Sometimes an exceptional coin will trade for levels in excess of either the PCGS price guide, the greysheet, or current auction results. There can be various reasons for this. If a coin is truly exceptional, you will often have multiple bidders on the coin which can drive the price up considerably, especially in a series where the date does not come up very often. Often it is warranted, ie. if a coin is exceptional for the date, does not come up for auction very often, or approaches the next grade level. Pricing on certain rare dates in some series' is so far out of whack (greysheet levels on rare date seated material for example) that you really have to do your homework to determine what the correct level should be, and it's difficult sometimes because the coin trades so infrequently. There are many examples of coins that are not rare going for way over guide levels based on a couple of bidders who lock horns on a coin they MUST have in auction, so you have to figure out if the coin is truly worth that or if it's a case of someone ending up being buried in the coin.
Internet bidding in some of the major auctions now puts collectors on a more level playing field with dealers. Just keep in mind it is always advisable to view the coin in hand before the auction or have an agent do it for you. It's very easy to get burned buying sight unseen from auction.
Not a stupid question at all. There are many variables in play, and each coin has to be considered on it's own merits with regard to it's value. Good luck and hope this helps a little.
one per say. You seem to have gotten off to a good start buy using
other auction's prices and the guide's values to see the difference so
don't stop doing that. That just maybe the best way to determine your
bid or buying amount on a coin you like. All the price guides in the world
are not as good as too what coins are actually selling for and when you
see someone say that moon money was paid for a coin it just maybe an
adjustment to the value of a coin or the buyer simply really wanting that
one coin.
Go Gently Into That Good Night Young Jedi, which means, proceed slowly
after the goal you want and with knowledge, caution and trial & error you
will be able to become a True Jedi Coin Collector.
PS:
You might want to stack you pictures under each other rather than spacing them out on one line. That way they will not continue so far out into the galaxy and to me at least your post is so much earier to read.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
the PCGS Guide levels have been discussed here at length many times over ............
specifically (when focused on Franklins) ; the guide is generally too high - but I personally refer to the PCGS Guide first and foremost when assessing a value for any given date .
Although not perfect - it is as good or better then any Franklin price guide available .
1931-S 10c Mercury Dime in MS63FB
Price Guide says $150(only $25 more than non-FB) but I think that is about $400 low.
More than 2 years ago, one sold at Heritage for $460: LINK
NON-FB from Heritage in December 2010 sold for $322: LINK
I could not find any auction results at Teletrade for the past two years. It seems to be a fairly tough coin in that grade and certainly worth a lot more than $150 in Full Bands.
At Summer FUN I purchased one that was RAW. I can tell you that because of the auction results that the dealer referenced, I paid A LOT MORE for it than the PCGS Price Guide suggests. Later, I showed it to ICG for grins. Their grader and finalizer both liked it for MS64FB so that gave me a little comfort since this coin in 64FB seems to sell between $800-$1000.
This particular coin I also happened to Cherrypick since it is the 1931-S DDO FS-101.
I will send it in to PCGS soon. No matter the price guide, I bought a rare coin since it is the DDO and would have paid more.
The above basic message was sent to a "Power That Be" around these parts and I was told that it would be taken car of...so maybe the price will be adjusted soon?
Moral of the story here: If you can find a 1931-S in MS63FB for the current PCGS Price Guide of $150....BUY BUY BUY, then ask for MORE MORE MORE. My opinion of course.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>Thanks frnklnlvr. I actually was just comparing PCGS coins offered in auctions when consulting the price guide. I'm primarily interested in the same series you are if your name is any indication
"A Guide Book of Franklin & Kennedy Half Dollars" by Rick Tomaska
"An Analysis of Gem Franklin Half Dollars" by Jack Ehrmantraut Jr. - This book is about 30 years old but it has some good info in it. You can usually find it on Ebay or Amazon for around $15.
If you're into Franklin varieties I'd recommend "Treasure Hunting Franklin & Kennedy Half Dollar Doubled Dies" by Wexler & Flynn. Flynn is currently working on another Franklin book that I think will turn out to be better than any of Tomaska's books.
You can also check out my website in my sigline.
Franklin-Lover's Forum
The Guide had a price of $6,000 for a particular coin a couple months ago. The coin sold for about $7,750 on ebay in an "honest" auction between an honest seller and a "real" collector and the Guide shortly thereafter raised the price to $7,000. Within a month, another example was offered on ebay I believe by a wife disposing of her husband's property as part of an ongoing divorce with an opening bid of roughly half the Guide and the coin sold for slightly less than $5,000.
So, what should Mr. Hernandez do now? Bring the coin back down to $6,000 where it started (2) months ago? Leave it at $7,000? Crash the price down to $5,000 representing the last sale? Ask the top two reputable dealers in this area what they would pay for the coin sight-unseen and add 20%-25% markup to reflect the "retail" Price Guide? Or?
As I said ... an incredible challenge.
Wondercoin
...if you want a free assesment of your Mint State Franklins value - p.m me with some images