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CoinTalk > Coin Forums > Coin Chat 70% of listed PCGS price/value about right?

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Page 1 of 2 1 2 >   LinkBack Thread Tools Rate Thread Display Modes 07-29-2009, 10:47 PM   #1 (permalink) cjh1985 Senior Member   Join Date: Jul 2009 Location: Northern Virginia Posts: 222 My Mood: 70% of listed PCGS price/value about right? As a newcomer, I have been tracking ebay sales to get a sense for actual coin values. Although prices obviously can vary quite a bit from coin to coin, the average auction sales price seems to come in around 70% of the prices listed the PCGS and NGC websites. Any comments? Is that about right? Thanks!   07-29-2009, 11:12 PM   #2 (permalink) Arizona Jack The Lincoln-ator     Join Date: Jun 2007 Location: Dry Heat USA Posts: 6,781 My Mood: NOT an offer to buy ( it is against the rules ), just an example of how skewed it is. I am willing to pay 10% OVER PCGS price guide for 1909-P Lincolns in 64 RD and above when I search coin shows and the bay. Sometimes they get it right, sometimes they are pretty liberal. For the most part, auction results work for me. __________________ W.I.N.S / ANA / SLCC / Mesa Coin Club I am a poker player ..."thats beyond trailer trash" Joan Rivers on Celebrity Apprentice, 4/09 Hot Sauce Fanatic !!!   07-29-2009, 11:33 PM   #3 (permalink) cjh1985 Senior Member   Join Date: Jul 2009 Location: Northern Virginia Posts: 222 My Mood: Have you used Heritage? What is the skinny on that auction site? Seems like a cadillac compared to ebay's Ford. I assume you can have more confidence buying from them (buy also pay that premium charge). The again, maybe not. I am learning to have a healthy skepticism in this hobby . . .   07-29-2009, 11:36 PM   #4 (permalink) TheNoost huldufolk     Join Date: May 2008 Location: Michigan Posts: 4,465 My Mood: I love Heritage, just wish some nicer stuff was available at the moment. __________________ $2 superstar.   07-29-2009, 11:43 PM   #5 (permalink) cjh1985 Senior Member   Join Date: Jul 2009 Location: Northern Virginia Posts: 222 My Mood: I assume paying that premium, unlike ebay, is worth it?   07-29-2009, 11:49 PM   #6 (permalink) TheNoost huldufolk     Join Date: May 2008 Location: Michigan Posts: 4,465 My Mood: You still pay a premium on the bay either wrapped into the price/shipping or by getting burned. Heritage is just up front about it. __________________ $2 superstar.   07-29-2009, 11:49 PM   #7 (permalink) cjh1985 Senior Member   Join Date: Jul 2009 Location: Northern Virginia Posts: 222 My Mood: Do you then turn around and sell the Lincolns for profit or are you strictly a collector. If you do sell them do you mind if I ask where/how? No need to be specific. Just curious. Thanks.   07-30-2009, 03:21 AM   #8 (permalink) Lehigh96 Toning Freak     Join Date: Jul 2008 Location: The Poker Room Posts: 3,650 My Mood: Blog Entries: 2 Quote: Originally Posted by TheNoost I love Heritage, just wish some nicer stuff was available at the moment. HUH! Noost you have to be kidding. The current auction is chock full of fantastic coins. The Louis Bassano collection of US Commemoratives is absolutely phenomenal. The MS67 Lafayette Dollar is stupendous. Try finding a Pilgrim that looks like this one. http://coins.ha.com/common/view_item...28&Lot_No=1473 I don't know exacty what you collect, but there are still many, many, premium coins in the current sale.   07-30-2009, 04:26 AM   #9 (permalink) cjh1985 Senior Member   Join Date: Jul 2009 Location: Northern Virginia Posts: 222 My Mood: Wow, that truly is a beautiful coin.   07-30-2009, 07:31 AM   #10 (permalink) coinman0456 Coin Collector     Join Date: Apr 2009 Location: Albany, New York Posts: 1,892 Blog Entries: 1 Quote: Originally Posted by Lehigh96 HUH! Noost you have to be kidding. The current auction is chock full of fantastic coins. The Louis Bassano collection of US Commemoratives is absolutely phenomenal. The MS67 Lafayette Dollar is stupendous. Try finding a Pilgrim that looks like this one. http://coins.ha.com/common/view_item...28&Lot_No=1473 I don't know exacty what you collect, but there are still many, many, premium coins in the current sale. Don't forget that Lafayette Lehigh. __________________   07-30-2009, 07:47 AM   #11 (permalink) Steve27 Member   Join Date: Jul 2004 Location: New York Posts: 52 "70% of listed PCGS price/value about right?" It depends on the series. For most modern series it's about 50% of listed value, but for PMPL Morgans it's over 100% of the listed value.   07-30-2009, 04:08 PM   #12 (permalink) 900fine doggone it people like me     Join Date: Jul 2006 Posts: 4,326 My Mood: Quote: Originally Posted by Steve27 "70% of listed PCGS price/value about right?" It depends on the series. For most modern series it's about 50% of listed value, but for PMPL Morgans it's over 100% of the listed value. Yes, "it depends" is the best post on this thread. Thus, a flat rule like "70% of PCGS" will be wrong more often than right. Learn a given series. Look all over for prices. Watch the transactions for a while. Use wisdom, experience, and judgement to make an educated estimate (SWAG = scientific wild @$$ guess). Some coins simply don't appear in certain markets i.e. no 1804 S$1 on e-bay, no common date circ Lincolns at Heritage. Shop the appropriate markets. __________________ www.900fine.com   07-30-2009, 04:36 PM   #13 (permalink) Hobo Numismatist In Training     Join Date: Dec 2007 Location: Colorado Springs, CO Posts: 5,027 My Mood: Quote: Originally Posted by 900fine Some coins simply don't appear in certain markets i.e. no 1804 S$1 on e-bay . . . Aww, come on. We've all seen 1804 Silver Dollars on eBay. They were all Chinese counterfeits though. __________________ No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money . . . - US Constitution, Article 1, Section 10 ANA LM-3799; OHNS LM-59; SUSCC R-4005. All coins stored in bank safe deposit box.   07-30-2009, 05:04 PM   #14 (permalink) TheNoost huldufolk     Join Date: May 2008 Location: Michigan Posts: 4,465 My Mood: Quote: Originally Posted by Lehigh96 HUH! Noost you have to be kidding. The current auction is chock full of fantastic coins. The Louis Bassano collection of US Commemoratives is absolutely phenomenal. The MS67 Lafayette Dollar is stupendous. Try finding a Pilgrim that looks like this one. http://coins.ha.com/common/view_item...28&Lot_No=1473 I don't know exacty what you collect, but there are still many, many, premium coins in the current sale. PQ large size paper has been slim lately. Should have been more specific, sorry. __________________ $2 superstar.   07-30-2009, 06:21 PM   #15 (permalink) Leadfoot Numismatist     Join Date: Apr 2005 Posts: 5,896 My Mood: Quote: Originally Posted by cjh1985 As a newcomer, I have been tracking ebay sales to get a sense for actual coin values. Although prices obviously can vary quite a bit from coin to coin, the average auction sales price seems to come in around 70% of the prices listed the PCGS and NGC websites. Any comments? Is that about right? Thanks! It all depends on what type of coin you're looking at. I would suggest that 70% is too high if you're talking moderns, and 70% is too low for quality classic coins. However, 70% sounds about right for most average-for-the-grade widgets sold in auction.   Page 1 of 2 1 2 > Bookmarks Digg del.icio.us StumbleUpon Google Would you like to support CoinTalk? Coin Talk Code of Honor 1. Post unto others as you would have them post unto you. 2. Keep it clean, like a 1950s family television show. 3. If you don't like the coin, don't trash the person. « Price/value/source to use when bidding on a coin? | another day anoth brainfart for e-bay » Thread Tools Show Printable Version Email this Page Display Modes Rate This Thread Linear Mode Switch to Hybrid Mode Switch to Threaded Mode Rate This Thread: 5 : Excellent 4 : Good 3 : Average 2 : Bad 1 : Terrible Posting Rules You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are On Forum Rules Similar Threads Thread Thread Starter Forum Replies Last Post 1795 Draped Bust Dollar (real or fake) HandsomeToad US Coins Forum 59 12-09-2009 03:33 PM Fsh: Pcgs Ms-64 1797 Large Cent, Pcgs Xf-45 1818/5 Quarter & Much More Shortgapbob Open 0 09-10-2008 01:28 PM Fsh: New Ana Purchases! Many Rarities & Registry Quality Coins! 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