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PCGS price guide

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hugh	PCGS price guide		Lead	[-]
Posts: 1 26-Feb-2009 16:37:24	I am new to coin collecting and don't understand the prices in this guide. I know they are average retail... For example, I see today prices of some Liberty $20 MS-60 and above coins went up... however, in some cases the MS-60 went up and the MS-62 did not move, so that the MS-60 was selling for a lot more than the MS-62! Does this mean that the MS-62 has not traded recently? How can I know the value of my coins TODAY!
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wikyva		#1	[url]	[-]
Posts: 55 27-Feb-2009 08:52:53	That is a great question .... and welcome to the site! The PCGS price guide is a retail guide and only really covers coins that are slabbed in PCGS cases. I have found that on places like e-bay, the going price for PCGS coins that I collect are really about one-half of the PCGS price guide. So I always try to pay less than the PCGS price guide. It really does depend however on the type of coin you look at. I hear that some coins are priced low on the PCGS price guide. Also keep in mind that date and mintmark play a role in price. A key date coin is going to be more valuable than a common date. That could explain the difference between MS-60 and MS-62 coins that you mentioned in your post. Finally, the value of gold coins can fluctuate because of the market price of gold. Again, with key date coins or the semi-keys that won't make much of a difference. So, to sum up, the PCGS guide is not the best way to determine price. I look at auction reports, ebay or try to get a hold of a greysheet (a type of price guide) to get a more accurate indication of what a coin is worth. Again, welcome to the site. Chris
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coinadmin		#2	[url]	[-]
Posts: 114 27-Feb-2009 15:14:42	Hugh, Excellent question. The value of your coins today is harder to answer than you might think, especially if it's the type of coin that doesn't trade much. The short answer is the value of your coin today is how much someone is willing to pay for it. No matter what the price guides say, you need a buyer. For common coins, the price is easy to track because hundreds of them are being bought and sold without much variation. It's pretty clear how the market values those coins. But some $20 gold pieces go for hundreds of thousands of dollars. With fewer transactions, there might be an anomaly where a lower grade coin is listed to be worth more than a higher grade coin. I would imagine it's as you thought - PCGS updated the value based on a recent sale and the higher grade coin hadn't sold in the recent past. eBay is what I recommend to for an absolute price guide. You can see what people actually paid if you're logged in (select "Show completed listings") and that's far better than a theoretical price guide. And you can take that to the bank! Dan Coin collecting - The Hobby of Kings
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MarkVick		#3	[url]	[-]
Posts: 1 22-Jun-2009 19:19:50	I agree that EBay is the place to trend prices. The trouble is that you can only go back a couple of weeks, and then for the current (week or so) auctions you kind of have some extrapolating to do. Usually this is pretty good. But, when going after the rarer specimens that may only list once a month, you are in trouble. I have been frustrated by this myself, so I have been working on a web site that tracks EBay sales so I can trend them long term. At present, I have a couple hundred thousand auctions categorized (to a specific denomination, coin name, mint mark, strike, etc.) so that long term graphing can be done. Last weekend I put the finishing touches (I think) on a really sweet "Coin Analysis" report that shows a lot of information on a given coin. Sales history, and even a graph of auctions that did not sell (that pretty much shows you the ceiling that nobody must be willing to pay, you know?) Anyway, an example can be seen at www.shoeboxcoins.com/examples.aspx - I would love to have people take a look at it and give me some constructive feedback. Thanks!
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