I haven't seen that they have jumped much more than normal. The price seems to just continuously rise every year.
I won't say they have been on the rise, lately the graded ones have been dropping on ebay. Not enough for me though. I think they have held pretty steady - of course the ones I look at are lower grades.
Overall, the coin market has been going down, considerably, for the last 7 years. http://www.pcgs.com/images/graphs/index10graph.gif
Not according to that chart it hasn't Frank. The coin market right now is the lowest it has been since 2007.
What makes up the PCGS 3000 Index? What does the "Y" axis number indicate? I see that in Oct 2015, it hit it's lowest point since Aug 2007. I assume the index is a measure of the coin industries strength, but I'd like a better understanding of the index.
Maybe I should mention it is early large cents in lower grades (G-4,VG-8,F-12) that I am referring to.
You can find out everything you want right here - http://www.pcgs.com/prices/frame.aspx?type=coinindex&filename=index Now some people discount the value of the PCGS coin indexes. They say - oh those don't mean anything because those indexes only pertain to those specific coins (the list can be found at the link I provided). But usually these people don't want to believe what those indexes tell you. People want to believe that the values of their coins are always going up. Well, that simply isn't true. The coin market rises and falls on a regular basis just like all other markets in the world. In fact the coin market is among the most fickle of markets because people's emotions have a larger and greater impact on it than most other markets. I have watched the PCGS indexes for over 15 years. And in that time I have compared what the indexes tell you to what is reported in the numismatic press in the same time frames. Result, the indexes are valid, they do accurately reflect the overall trends in the coin market. Now there can be times when a specific series or a specific type does not follow the trend of the indexes for a given period of time. But these are the exceptions, not the rule. Taken on the whole, the indexes are extremely accurate in reporting trends.
Thanks for the link. There are always outliers that defy indexes. Of course, I'm referring to the stock markets, but I believe the same must be true for the coin market as well.
They include circulated grades in the indexes. But the circ grades are outnumbered by the MS grades for a couple of reasons. 1 - there are more MS grades, and 2 - as a general rule the greatest interest of collectors is in the MS grades. This is especially true of the more modern dates. Few collect the circ grades of the more modern dates because they are just too common and have little to no value. The coins contained in the indexes are the coins that are most frequently traded.
Thanks. I have an unusual collection, I guess, since I only have a few uncirculated coins, most of which are in my type set.
My unscientific study over the past 4-5 years is the low grade Draped Cents have been steadily increasing on cost.
