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New person at PCGS in charge of the price guide

tjkilliantjkillian Posts: 5,578 ✭✭✭
in U.S. Coin Forum
I was at the Long Beach show today and I overheard a person talking with a dealer saying he was just hired by PCGS to update their price guide. He was asking dealers for their price sheets for PCGS graded coins and handing them a SASE. He was younger, say in his 20's. I did not talk to him as he was engaged in a conversation with a dealer.

Tom
Tom

Comments

  • bgricebgrice Posts: 1,180
    I vote the price guide stays just the way it is. I get a warm fuzzy feeling when I never pay close to what it says.
  • mozinmozin Posts: 8,755 ✭✭✭
    Interesting, but I will stick with the greysheet.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • pharmerpharmer Posts: 8,355 ✭
    Hope he decides to frequent the forum, he could get all kinds of useful opinions.
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • BochimanBochiman Posts: 25,790 ✭✭✭✭✭
    Let it get adjusted to "reality"...then the scammers on ebay won't (possibly) be trumping the PCGS guide value as much for their POSs.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • GTSGTS Posts: 300
    Does this mean the numbers, are not written in stone?
    GTS
  • CoppernicusCoppernicus Posts: 1,764 ✭
    Why not base the price guide solely on auction results (ebay, Heritage, etc.) and forget the dealer's bid/ask figures. I know that fairly often many dealers to not stand by these quotes. At least with auction results someone has actually paid for the coin.

    Mike
    Coppernicus

    Lincoln Wheats (1909 - 1958) Basic Set - Always Interested in Upgrading!
  • PerryHallPerryHall Posts: 47,509 ✭✭✭✭✭
    Asking retail dealers the values of coins they deal in doesn't make sense since they are hardly an unbiased souce of information. Obviously they are going to quote high prices so they can point to the price guide and claim their coins are a real bargain since they are priced much cheaper than the price guide.

    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

  • keetskeets Posts: 25,351 ✭✭✭✭✭
    the first change that should be made is a return, preferably in very large bold print as the PriceGuideHomePage opens, to the disclaimer that "these prices are for properly graded PCGS encapsulated coins."
  • SteveSteve Posts: 3,312 ✭✭✭
    The only price guide that anyone would have any faith in is one which shows a range for a given coin in a given grade. The low range number would represent a price in which a dealer would pay someone for the coin if he wanted it for his inventory. The high range number would represent a price in which a dealer would be willing to sell the coin from his inventory. The so called REAL price is somewhere within that range.

    Trying to come up with one number to represent a price on a coin is stupid because we all have different intupretations on what that price actually means. Steveimage
    My True View Album

    My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
  • my3centsmy3cents Posts: 1,411
    Oh No! You mean the PCGS price guide is WRONG?













    image

    My Auctions
  • numonebuyernumonebuyer Posts: 2,136 ✭
    I never use the PCGS price guide because it is unrealistic. Any change to it would be an improvement.

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