Why is trends so far off on actual selling prices?
Bcsican
Posts: 1,068
There has been much talk about the prices of different series, some worth more, less, better, etc, but after following the Kennedy series for so long it is one of the most widely erratic series in terms of prices in MS 67 and what trends of "Coin World" list the series to be valued at.
The most expensive listed is the 1970 D in MS 67. This coin is a pop 2 at that level listed at 750.00. If you can find me one at that price let me know. The next closest is the 1965 at 350, the 1964 P and D are listed at 275.00 and 250.00. Who is writing this stuff? You cant find ANY of those coins at the prices listed in Trends many are 10xs the price of the listed price in Trends.
Too many coins to list them all by one example that jumps in my face is the 1989 P this coin is a pop 7,guess the Trends price for this one. Its listed at MS 67 for 90.00. I will give you triple for this one! How long will it take for Trends to get real with prices that are a little more in line. Mitch had this same year on e-bay for a BIN at 1250.00 a few weeks ago. Even if it didnt sell why is the trends so far off?
Mitch how about I give you 5xs the Trends price for that 89 P?
I guess they are waiting for the prices to fall....
The most expensive listed is the 1970 D in MS 67. This coin is a pop 2 at that level listed at 750.00. If you can find me one at that price let me know. The next closest is the 1965 at 350, the 1964 P and D are listed at 275.00 and 250.00. Who is writing this stuff? You cant find ANY of those coins at the prices listed in Trends many are 10xs the price of the listed price in Trends.
Too many coins to list them all by one example that jumps in my face is the 1989 P this coin is a pop 7,guess the Trends price for this one. Its listed at MS 67 for 90.00. I will give you triple for this one! How long will it take for Trends to get real with prices that are a little more in line. Mitch had this same year on e-bay for a BIN at 1250.00 a few weeks ago. Even if it didnt sell why is the trends so far off?
Mitch how about I give you 5xs the Trends price for that 89 P?
I guess they are waiting for the prices to fall....
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Comments
Many years ago, there was a contest in Coin World about $1000 coin buying spree. At the time, 1972P MS65 Ike was listed as $2 and teletrade shows about $150 for a coin in the past 24 months. I filled out the competition form and picked 500 1972P Ike and I did not win the buying spree since trends did not update the 72P price until 10 years later.
LSCC#1864
Ebay Stuff
1. CU Price Guide shows the 1953(s) Jefferson Nickel in MS66FS at $300. I will buy the coin sight-seen at $15,000 in PCGS-MS66FS. Oh, wait, I can't buy the coin - it doesn't exist in MS66FS it is so darn rare!! Hey, it doesn't even exist in MS65FS!! This price makes the $90 1989(p) price look "close"
2. Blue Sheet has shown the 1932(p) Quarter in PCGS-MS67 at around $1250 for a couple years now. Still a pop 1/0 coin and it wouldn't be fair to throw a price down here on what I would pay for this coin, because I presently own the coin (ex Benbow, ex Green, ex Registrycoin) in my quarter collection. Check out Blue Sheet prices on Wash Carvers and BTW's in MS67 - makes your 1989 Kennedy price of $90 look "close".
3. Grey Sheet shows sets of Wash Carvers in MS66 at prices so low that single coins in the 3 piece set command multiples of the entire 3 piece set price.
It's all about knowledge today, isn't it?
becareful to those heading into areas that you are just learning about or know nothing do not relie on what you read, we still need to do our homework.
"Because I can"
myurl The Franklin All Old Green Holder Set
Comparing prices realized for a PCGS coin vs. trends is many times not very accurate. Especially when the same "grade" coin is available in a NGC holder. For many things, PCGS has created their own scale, and the rest of the world does not grade to it, or price off of it.
to keep track of rapidly escalating coin prices. But most of them
aren't even trying. Even trends which is "setting the standard" for
the price guides doesn't up-date the prices for the few high grade
coins that they actually list. The high grade Kennedies have been
listed for more than a year now without up-dates. Until recently
Krause listed an MS-65 1982-P quarter for $2.! This rare coin was
recently raised to $3.50.!! Surely there's more to their reluctance
to list more accurate prices than the mere difficulty of keeping up
with markets!! These continuing unrealistic prices have been stifling
the markets for some time now. What newbie will have the courage
to pay $20.00 for a coin that trends at 50 cents?
peacockcoins
"Because I can"
myurl The Franklin All Old Green Holder Set
Camelot