Are PCGS + graded coins holding up in price?

coinsarefun

Or has the + diminished and or stayed about the same?

Do most people pony up and pay the extra value for the + coins?


I find this to be the case, at least the coins I collect and graded properly

I find most the most part there is still a considerable price point between a + and non + coin.

What say you?

lasvegasteddy

+ is too gimmicky to me
this comes to mind

TwoSides2aCoin

I've only sold one coin with a plus grade. Considering some coins in this economy are selling at 70% of listed retail price guides and lower, it seemed fair. The buyer was happy and I didn't lose. That felt like a win.

coinsarefun

This question sank pretty fast so am I to assume that the plus grades are not holding up in value?

coinbuf

Everyone's too busy with the whinning thread to pay much attention.

WingedLiberty1957

LOL at that last post!

I actually rarely see PCGS + coins. I only recall seeing 2 this whole year (one I bought).

I bought this one which graded MS64+
I paid $229, which was a huge toning premium (I paid that because of the obverse color, not the + grade specifically).
Toning like this is pretty darn rare on Peace Dollars.

The seller told me he paid $350 for it originally, however I have no way to verify that.

coinsarefun

<< <i>Everyone's too busy with the whinning thread to pay much attention. >>





They need to drop that one so everyone can go back to coins

OnlyGoldIsMoney

For common dates I won't pay a premium. For example, where MS64 and MS65 are commonly available I will not pay much, if anything, more to get a MS64+.

For coins where there is a substantial price jump from AU to MS I will stretch to purchase AU58+ CAC coins.

lasvegasteddy

<< <i>

<< <i>Everyone's too busy with the whinning thread to pay much attention. >>





They need to drop that one so everyone can go back to coins >>



i replied with a picture displaying..."becareful with what you poke" and "somethings are best not poking with" all in one...hopefully that meaning got understood...

silly wabbits and carrot deficiencies...

LVGT

Here is a + coin that I just bought for subtantially less than it sold for late last year.

BAJJERFAN

<< <i>Here is a + coin that I just bought for subtantially less than it sold for late last year. >>



YOUCH for someone!!

Wabbit2313

<< <i>i replied with a picture displaying..."becareful with what you poke" and "somethings are best not poking with" all in one...hopefully that meaning got understood...

silly wabbits and carrot deficiencies... >>




Your picture is the "carrot on the stick", used to get a donkey to move forward while you sat in the seat, and if he didn't, beat his butt with the stick.

Not sure if that is what PCGS has in mind with the + grade.

Wabbit2313

Plus grades always tick me off. It makes me feel like I "just about won, but didn't."

mozin

I will pay up for the Plus grade on coins that have a large jump in price to the next higher grade. There don't seem to be enough Plus grades around to give us a good answer to how the Plus grade prices are holding up. Maybe PCGS graders should give out a few more Plus grades.

BryceM

I look for them where there is a huge step in price between grades. I have several "plus" coins in my Peace Dollar collection. Some notable examples from current the PCGS Price Guide:

1923-S MS-64 $400, MS-65 $4,200
1925 MS-66 $675, MS-67 $4,950
1928-S MS-64 $1,200, MS-65 $22,500
1927 MS-64 $600, MS-65 $2,450

For these it made sense to me to look for "plus" coins of the lower grade. With the 1928-s in particular I'd rather pay a small premium for a really nice 64+ than a "barely made the grade" MS65, even if heavily discounted.

To directly answer the OP's question, I would say that the market premium for plus grades is still OK, but not what it might have been at first. As has been said, little premium can be expected for coins in common grades. Really nice coins have always commanded a premium and that that won't likely change regardless of how we make the notation (grade, plus, stickers, PQ++ designation, etc.).

One thing of some interest is how frequently the people handing out the plusses and the people handing out the stickers disagree. At present, I'd say the market is respecting the stickers a little more than the plusses. That can always change, of course. Time will probably even it all out. Nice coins will still be nice and dogs will be always be dogs.

Edited to add:

Oh, BTW that Peace Dollar is just tremendous. Price guides break down completely for beauties like that one.