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Average value of PCGS graded coin ?
mcarney1173
Posts: 927 ✭✭✭✭✭
I received PCGS information that states "17 million coins certified, totaling 18 billion dollars". This averages about $1050 per coin. This seems a bit high to me.
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...they're almost at 20 million now!
You also have to think how much the $500,000+ coins skew the Average Value!
Lots of $1 coins in the mix dragging the $$$ down, but relatively few comparitively
<< <i>How long ago did you receive that information? >>
It is at the top of the home page and it is still around $1,000 per coin.
While the average may well be over $1000, the median might be under $100 because of all bulk submissions of lower value Morgans and ultra moderns.
The " Box of 20" concept, to me, was a smart idea when I first read about it here.
It just made sense to try it.
How many are in the average collector's box ?
I ain't tellin'
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
I wonder what this all breaks down to re average submission fee. Just asking...
Eric
Often, it only takes a few high values to skew the AVERAGE value to the highside.
In your sense of those statistics? With many coins receiving multiple grades and selling many times over, does anyone believe there's a computer program running totals on all the daily additions and subtractions of the values on every coin that changes hands?
$1000 is unrealistic, it's more like $15!
They have enough (math) to do with maintaining the price guide.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>The idea is to be among the average collectors and have a box of twenty worth $1050 each. >>
I have one box of 20 in my SDB worth $30,000 easy. (Helping out the average with that one!)
I have a second box of 20 (also in SDB) worth about $3,000.
If 1,000 coins are graded and 999 of them are 100 dollar coins with the last coin being a $600,000 coin, it reasies the average to $1,599 per coin.
The name is LEE!
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>They must be using their price guide values
They are probably using the submitters declared value rather than their real value and we know how many collectors value their gem raw coins.
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