PCGS MS66 RED price guide

Have been collecting PCGS MS66 RED Lincoln cents (both wheat & memorial) for years and always wondered - what are they really valued at compared to the PCGS price guide? On Ebay I'll start an offer at 1/2 the price guide value and alot of times win the coin. As of today I bought a 53-S for 19$ and PCGS price guide lists for 28$ in 66 RED. Any thoughts? I also see some bidiots raise the prices straight through the PCGS price guide values, are there some MS66 RED Lincolns that the price guide undervalues?

This is the 53-S I got today!

 

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nice one

 

Price guides are almost always high on readily available common items especially on ebay. PCGS has a population of over 1700 for the 53-S in 66 RD. It's not to say that it is a bad coin, just that price wise unless it has an uncommon characteristic (exceptional quality/strike or toning ect) it ends up being kind of a price race to the bottom to get quick sales with how many are available

 

It all depends on how badly someone wants it for their set. Sometimes they want to win at all costs.

Chris

 

People who buy the coin not the holder will pay more or get in a bidding war for an early die state crisp example or one they feel us undergraded etc. I'm guessing yours was an average sale due to it being a vlds example. Nice coin though

 

I always wondered why the price differentials? Who makes these prices - overall supply and demand? Like the 68-S Jefferson nickles were 10 million (+) mintage and you can get an UNC roll for 10-12$, but yet a 2009 Jefferson roll at 39 million goes for 80$ - I don't get it.

 

VLDS?

 

Very late die state

 

Yeah - I see your point. On the tougher dated yes BUT on common dates? I see Memorials in 66 RED going way more than I would even consider bidding on - I guess conditional rarities??

 

Thanks - I can't believe I forgot that - I guess too much pre game Cavs party!!

 

All you need is one bidiot to start the ball rolling in the wrong direction.

Go Cavs!

Chris

 

Most price guide I see are based of a what I'll call ms-65 grade . As the grade comes up, the price goes up .

Here's an example and we can only use modern . If within the first year of release only 64 were found, that start the " High " end of the price guide. starting the next year I find a 65, now the price guide goes up in price and so on .

There was a time I play this game very well, set the price guide on 2 modern coins for unbelievable prices too ...

 

Idk how you nail down a single correct price on one coin. I don't think you can. That's why they call them price "guides" and not just price books. .
The OPs coin could be listed on eBay 10 times and end at 10 different prices. Maybe nobody's looking for one this week and it goes cheap. Next week one man decides he needs that in his collection yesterday and buys it now from someone else for $40. Whats its price then? If the price guide listed it at 28 and you got for 19 then I'd say the guide had you in the ball park. It wasn't a $2 coin and its not a $100 coin. That's all they can really do for you.

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Well watching the Indians VS the Red and it's 13- 0 Indians, the Reds are in the ballpark BUT..............

Sent from my PC keyboard with my big fat fingers!!

 

Ok well, would it make you feel better if the price guide listed the coin as having a value range $10 to $50? Or maybe $15 to $35 is more palatable? All I'm asking is how is any price guide, printed or otherwise supposed to account for every anomaly in pricing on coins that vary over periods of time? Percentage wise it seems bad but IMO that's pretty close. You paid within $9 of the guides price. That's not really that big of a deal in my book. If it was a $5k coin for $3400 then that might be something to debate. Same percentage but more serious value exchange.
Somebody that has to have your coin might pay $50 for it tomorrow. Alot of people could. Does that mean they're all worth $50 or does the price guide suddenly seem relevant again?

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Huh? That's what I was asking (originally)

 

Oh, and by the way, is your book available? Id like to buy it - nothing better than reading books from an expert! PM if it isn't posted online!

 

Wow! $80.00? I picked up both the P&D rolls on ebay for $15.00 each and even then everyone knew about the mintage.

 

Lol. Omg. Yes, yes expertise was surely implied by claiming that prices are highly variable on most coins. Done here. You're a tool.

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I'm not entirely sure, I think NGC gets there's from numismedia but could be wrong about that. Both services have someone who works on them but it's hard to stay current on everything and figure out which ones were outliers ect. They're kind of just guesstimates.

With rolls and things like that sometimes it is just supply and demand, survival rates come into play too and quality. Sometimes there just really isn't a great explanation for prices and it can be as simple as that's what people will buy them at.