Home U.S. Coin Forum
Options

HOW ACCURATE IS THE PCGS PRICE GUIDE ???

2»

Comments

  • SteveSteve Posts: 3,312 ✭✭✭


    << <i>The PCGS guide is intended to reflect full retail price; I think it succeeds. >>



    The problem is that collectors don't want to pay full retail. Why not be honest with everyone and show both the wholesale and retail prices for each coin. Then the buyer and the seller know the current range of a particular coin's value so that they can negotiate a fair price. Steveimage
  • Not very.
    It takes them too long to change the price when a date and MM gets hot.

    JT
    It is health that is real wealth, not pieces of gold and silver. Gandhi.

    I collect all 20th century series except gold including those series that ended there.
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i> WHAT DO YOU THINK CAN HELP DAVID HALL UNDERSTAND THE CURRENT MARKET OR DO YOU THINK HE IS RIGHT ON WITH THE PRICE GUIDE ?

    In the history of numismatics, no price guide has ever been "right on". >>



    image

    I will go one step further and say that there is nothing that David Hall or anyone else can to do make everyone happy on this issue.
  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    The OP is just another Stewart Blay thing. I take it with a grain of salt. PCGS doesn't give his gems the upgrades they "deserve." Enough said. Credit goes out to HRH for making an effort to do something near impossible. As RYK says:

    > there is nothing that David Hall or anyone else can to do make everyone happy on this issue.
  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    The true fact is that the the Heritage auction archives is a better price indicator than the PCGS price guide for PCGS coins.

    I am of the opinion that there should be a price range(a high price and a low price) given in a price guide.

    The same is true with red brown copper coins. Especially early copper coins in which the amount of red on a coin is a factor in determining price and grade.


    Stewart


  • I am of the opinion that there should be a price range(a high price and a low price) given in a price guide.

    image I think it's hard to argue with this logic.
  • does anyone know where I could by AU carson city trade dollars at PCGS prices please?
  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭


    << <i>The PCGS guide is intended to reflect full retail price; I think it succeeds. >>


    Retail? RETAIL??? We don't need no steenking retail...

    image
  • coinpicturescoinpictures Posts: 5,345 ✭✭✭
    It's utterly useless. Even PCGS itself doesn't even use it when having to pay up on buybacks. PCGS uses sub-greysheet values when making offers.
  • "PERRY HALL - I KNEW SOMEONE WHO BOUGHT A COIN FOR $17,000 IN AN MS 65 RED HOLDER. THE COIN WAS REALLY AN MS 64 R/B. PCGS BOUGHT THE COIN BACK FOR $75,000

    THIS IS A MAJOR PROBLEM BECAUSE PCGS CONSIGNED THIS COIN TO A MAJOR AUCTION AND IT BROUGHT $35,000.

    Stewart "


    LINK

    Didn't it later resell for around 75k or so?

    image
  • This content has been removed.
  • SteveSteve Posts: 3,312 ✭✭✭


    << <i>The true fact is that the the Heritage auction archives is a better price indicator than the PCGS price guide for PCGS coins.

    I am of the opinion that there should be a price range(a high price and a low price) given in a price guide.

    The same is true with red brown copper coins. Especially early copper coins in which the amount of red on a coin is a factor in determining price and grade.


    Stewart >>



    Stewart,
    Glad to hear you agree with me that there should be a price range (high/low) given in a price guide. Maybe you could influence David and Jamie to CONSIDER such a effort toward improving the PCGS price guide. Obviously it would take quite an initial effort, BUT the ultimate result could, in my opinion, make the PCGS price guide the DEFINITIVE guide to coin pricing in the USA. Steveimage
  • Stewart, very good question for the coin market.
    Just having completed the liquidation of the major portion
    of my PCGS registry set through Teletrade auction. I have
    to say that the price guide needs major adjustments, to
    being lowered, as I took major hits on almost all the coins
    assigned. With the exception of some of the toned coins and
    Variety high end coins in moderns, these coins perfomed
    very well. Even the Major Variety coins did not do as well
    as the price guide shows. Here is a partial breakdown of
    some of the coins with Price guide and sale amounts. As
    I used the price guide for insurance for shipping.

    PCGS Price Guide Sale Amount

    95DDO $185.00 $85.00 MS68 Red
    84DDO $650.00 $320.00 MS67 Red
    83DDR $325.00 $200.00 MS64 Red
    53P $225.00 $130.00 MS66 Red
    52P $275.00 $95.00 MS66 Red
    51P $310.00 $90.00 MS66 Red
    49P $250.00 $220.00 MS66 Red
    48P $350.00 $160.00 MS66 Red
    47P $260.00 $150.00 MS66Red
    46P $350.00 $130.00 MS66 Red
    22D $550.00 $380.00 MS64 Red
    09P $425.00 $280.00 MS66 Red
    09VDB $475.00 $250.00 MS66 Red
    These are some of the examples many more basically in the same
    category in amounts similar in all coins sold (above).

    Toners:
    1910P $100.00 $140.00 MS65 BN
    1913P $95.00 $200.00 MS65 BN
    1918P $80.00 $170.00 MS65 BN
    1931S $275.00 $340.00 MS65 BN

    Modern Variety
    72PDDO2 $75.00 $425.00 MS65 Red
    72PDDO7 $50.00 $130.00 MS65 Red
    72PDDO8 $50.00 $120.00 MS65 Red
    72PDDO9 $30.00 $210.00 MS64 Red
    These were a real surprise the only real major increase
    in the sale.
    I was overall happy with the results with the way the market
    is with the economy in the mess that it is in. I've tried Heritage,
    Superior Galleries before but was not impressed with their
    performance with the exception of the one major coin that was
    sold at Heritage a few years back. Again this is just a sample
    of the coins that were sold and the differences between the
    Guide and the Sale prices realized. I could have tried the e-bay
    route but didn't want the hassle of the shipping of all the coins.
    For the amount of the Price paid to Teletrade it was well worth
    sending the coins there to liquidate. Great Job to Ian Russell
    and his group at Teletrade! Hope that this will help Homerun
    look at the Guide and do some major adjustments. For the
    coin buyers out there, still some great bargains to have if your
    looking to add to your registry collection. All the best to all
    on the Boards. Having FUN is what it is all about.image
    Mike Long.

    Someday REAL American HERO's will be on our COINS.
    image
    Enjoying time at home with the family now is my full time passion.

    rabbitracks toned showcase set
    myurl

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file