Accurate pricing for on certified coins for valuation purposes only

09sVDB · June 23, 2008 12:50AM

I know knowledgeable collectors and dealers can and will charge what they like and the market will generally seek its own level. I just re-evalated my collection using the certified CDN and the other CDN publications. I was very surprised to see the lower values for some(actually most) of my coins.

For example, my PCGS AU55 09SVDB is valued at:

$1500 on the PCGS website
$1550 in NN Coin Market
$1295 in the CDN (wholesale?)

I am not looking to sell any of these but I have many other keys that I would like to get accurate values on every few monthes or so.

So, I guess what I am asking is what do other collectors use to realistically price accurately graded original certified coins?

Thanks, Wayne

rgCoinGuy · June 23, 2008 12:51AM

Recent auction results, heritage/ebay/teletrade are probably the best gauge.

DaveG · June 23, 2008 1:07AM

Well, the PCGS guide and Numismatic News (and Coin World's Coin Values) are retail price guides and the Grey Sheet is a wholesale price guide, so there's no surprise there.

For a actively traded coin, you might want to be a bit conservative and take the Grey Sheet Bid price less a small discount (since many dealers will pay a bit less than Bid).

RedTiger · June 23, 2008 3:12AM

I am surprised that you are surprised. Collectors are best off if they understand coin pricing, wholesale, retail, and auction before spending big money on coins, not after they have bought.

On the popular TV show, Antiques Roadshow they talk about wholesale (what a dealer might pay), retail (what a person might pay at auction), and replacement value (retail price for readily available stock in a shop or gallery). If the price is for valuation only, and for insurance purposes to replace in case of damage or theft then use the high guide price or a dealer website asking price and insure accordingly. If it is for market valuation, use current auction results less any fees. If it is for liquidation value, then use low wholesale value (this will be below greysheet for most coins 10% back is a common offer).

doh · June 23, 2008 4:03AM

Recent auction results. Heritage and eBay.

charley · June 23, 2008 4:05AM

Could you clarify which CDN publication? Respectfully, John Curlis

ziggy29 · June 23, 2008 4:11AM

<< <i>Recent auction results, heritage/ebay/teletrade are probably the best gauge. >>

Steve · June 23, 2008 5:15AM

<< <i>I know knowledgeable collectors and dealers can and will charge what they like and the market will generally seek its own level. I just re-evalated my collection using the certified CDN and the other CDN publications. I was very surprised to see the lower values for some(actually most) of my coins.

For example, my PCGS AU55 09SVDB is valued at:

$1500 on the PCGS website
$1550 in NN Coin Market
$1295 in the CDN (wholesale?)

I am not looking to sell any of these but I have many other keys that I would like to get accurate values on every few monthes or so.

So, I guess what I am asking is what do other collectors use to realistically price accurately graded original certified coins?

Thanks, Wayne >>

Wayne,
As others have said, it is important to understand what the various price guides are reporting. Most report retail value. The CDN reports wholesale value. IMHO, if you are using these guides for the purpose of keeping track of current values for your coins, use the wholesale price as your guide. It will provide a fair estimate of what your coins are worth if you SELL your coins. You MAY get more, but don't ASSUME you will get more. Steve

Accurate pricing for on certified coins for valuation purposes only

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