Which Price Guide Would You Use
DisneyFan
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If you come across a coin that rarely appears at auction or in dealer showcases. As a collector, which guide would you give the most weight. The poll is anonymous; but, comments are always welcomed. And yes, this CAC coin exists.
Which Price Guide Would You Use
This is a private poll: no-one will see what you voted for.
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I'm not trying to be flippant - but I think I'd like a "none of the above" choice here. I'm 61 now, and if by "rarely" you mean, there could be 5 to 10 years before another one even shows up - then I throw away the price guides. If I don't get another shot at a coin I really want until I'm in my 70s, then I'm going for it. And hoping there's nobody else bidding, if it's at auction.
Capped Bust Half Dime registry set: Bikergeek CBHD LM Set
On the other hand, are you willing to overpay the highest price guide value given your life expectancy is not what it used to be?
I agree with @Bikergeek ; none of the above.
I regularly bid or offer very strongly for tough coins I badly want. If I overpay by a few hundred or a thousand dollars, I just make sure to enjoy the coin that much more.
I can think of a couple of coins that, if they became available right now, I would happily spend at least $5k over (roughly 40%) the auction record for any coin in the entire series.
chopmarkedtradedollars.com
I would give the most credence to CAC, but I never rely on a single price guide except for inexpensive coins. Auction results are used the most often for an item at the price level of the poll, and above. For truly unusual items, which I often run into with foreign coins and exonumia, I often have to hazard a best guess as there isn’t a lot of data. If I collected very expensive items I would seek professional help.
There are so many variables here, I find it hard to make a blanket statement about which guide would be most accurate.
Without knowing anything about the coin’s eye appeal, or if it has an old holder premium going for it, or anything else of that nature, my inclination would be to settle somewhere in the middle of the guide values.
I have to go none of the above too. Most coins I am looking for have no auction records within the last 3-5 years. I look for what historical sales I can and adjust for what I think has happened to prices in the mean time. I also take what is usually the highest price; PCGS guide (+CAC in your case) and compare it to the CDN wholesale price. From there I assess the coin for myself and decide where between those two points this particular coin falls. James
None of the above.
NO price guide is useful for a coin that rarely appears. [It might help to define rarely. ]
The other issue is how popular the item is. If it's not just a rare coin but a thin market, the coin could underperform all price guides.
Price guides, the good ones at least, are extrapolating value from prior results. When there aren't recent results or many prior results, the guides are useless.
I think the point is that he may never get another shot.
That's a problem for my heirs to solve. :-)
I'm trying to bring my grandkids into the hobby. My three kids are not passionate about coins, but I have at least one grandson who is moving ahead... he sends me pics of new things he's acquired, coin apps he's downloaded, big news events, etc. Does the old man's heart good!
Capped Bust Half Dime registry set: Bikergeek CBHD LM Set
Why do you want a value?
ANA 50 year/Life Member (now "Emeritus")
I picked CAC because it was pretty close to the average (but a little below). If I’m buying and want to keep the coin, I probably become OK with something moderately higher than the highest.
My wallet.
Generally in bidding / deciding offer on CAC material use CDN Bid / CPG Retail for CAC as reference points.
I use CDN CPG (base retail pricing) - for this one CPG for CAC which is the CAC price. If it’s of the WitterBrick CAC designation many put a tack on for that. I did an extensive audit sample of online sellers CAC w WB and WB tackon (in addition to the CAC CPG ) avg 25 pct.
As a matter of fact Jimmy has retailed many WB in that range. I sold some nice CAC WB Morgan’s at recent show doing well. Picked up 2 nice CAC WB last nite (auc).
What is the coin and what does it look like in comparison to others that have been sold by auction?
Price guides help handicap the value of mediocrity
Experience the World through Numismatics...it's more than you can imagine.
I would start with the Grey Sheet and add a margin for the dealer of say 20 to 30 percent. An option which was left is auction results, which was excluding in the first sentence of the post. It's hard to believe that Heritage, Stacks' or the other sellers covered on the PCGS "Coin Facts" site have not handled such a coin in recent years.
Depends on the coin.
I would pay at least PCGS retail and likely more if I really wanted the Coin.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
What I found interesting in this specific example was Greysheet is $1,400 and PCGS $2,500, a $1,100 difference between wholesale and retail.. But a PCGS coin with a sticker is only valued at $1,750 by CAC, a $750 drop in value.
Why don’t you come out and say what coin you’re talking about.
How can we guess what a possible value of something we have no clue of what it is?
Does anyone here use NumisMedia Online Collector FMV Rare Coin Price Guide? If so, what do you think about it?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The Greysheet app lists a price but also includes auction records, so it gets my vote as the first choice.
@PerryHall . I use Numismedea just about every day. I collect Seated coins and there is a mix of about 600 different dates and denominations. I use this as my quick check source to determine if a coin in a particular grade is within my budget range.
The prices at NMV tend to be for the most generic non slabbed coins. They rarely offer things such as small date/large date, or will lump two types together that have wildly different prices.
I will say that on average their suggested price (ad cost of slab) tends to be fairly accurate.
I usually ad 50 dollars. I recently sold 8 coins I put a value of 2,425 on and they sold at a base price of 2,455. do what you will with that. James
I appreciate reading the responses so far. The goal of the poll is not to ask how much a specific coin is worth.
The poll is asking which price guide would you normally use as a starting point in valuing a CAC coin. The value could be plus or minus the price guide. Several respondents have said the price guide they would use depends on the coin and others have said they would pay over price guide if they wanted a coin; but, didn't say which price guide. On purpose, "none of the above" is not an option.
I liked it as a retail price guide. Of course completed auction listings are always going to be the best source, NumisMedia's online site was pretty nice.
If the coin has enough comps I would start with past auctions and work a price up from there.
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So many of the coins that interest me now might not be all that rare, in the grand scheme. I mean I see stuff on GC fairly often that at least is in the ball park of what I like.
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The real problem is finding that one coin that just ‘stops me in my tracks.” For those I throw the guides out the window, and apparently I’m not alone considering all the other bidders against me!😉😂
My collection and the word "rare" have never actually crossed paths. But whatever the coin, I always check recent sales on eBay first.
From what I know about Whitman and Greysheet, GS probably has the best available market data from what I can tell. But when a coin doesn't trade very often there really is no guide although the CDN could provide an additional datapoint.
http://ProofCollection.Net
Well first, I thought bikergeek was MUCH older than 61.
Secondly I would use ALL the price guides plus personal experience as well as personal desirability as well. Factor in then the budget and any additional “wow” power and then make a decision.
Knowing bikergeek it is a minuscule coin containing silver with a face value of 5 cents and likely one I still need….
Lucky for him I’m doing a couple half dollars just now.
No, not really, he is THE BIG DOG in half dimes right now. Or, maybe GP?
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
I now use the Redbook for a quick, initial check on value. Further info is derived from eBay, Coin Facts, and GC auction results.
PCGS & CAC values are so far behind
I use the latest ebay & GC values if they exist
Mike
My Indians
Danco Set
I agree with Bikergeek, none of the above. If I come across a seriously hard coin to find that I want, I'll bid whatever I think I need to in order to obtain the coin. I've not spent the last 65 years collecting, buying and selling coins as a business. It has made life enjoyable in so many ways that I buy what I want when I find it at a price I feel is fair for the coins look/availabilty. If it is just a medium hard coin to find, then I use actual sales info and not some computer's output. When statistical data is used to build a pricing feature, it may or may not utilize a time period that would concern me, I would not necessarily know. Yes, I look at most of them, but I feel PCGS' pricing is a little far fetched for most coins that interest me. JMO
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain