Reality vs Value

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Okay so here are the coins.

 

Nothing sells at price guides. Price guides are just benchmarks. Some, the better ones, are based on an analysis of market data, while many others are based on experience, feelings, who knows what? Real estate never realizes its assessed value in the market, why would you expect coins would be different? List around the price guides you may have faith in, and hope for the best, you don't have to show us all of these coins. It's not proving anything they've listings in price guides, every coin does.

 

This are what are known as basement graders. The coins are over graded.

 

I see you're looking at Top Pop list prices from Coinfacts. These are worth a couple dollars each, at most. The grades on those slabs mean nothing, unfortunately.

 

No I’m not but hi!

 

Some had asked to see them which is why I posted. And I don’t expect anything, I’m a NEWBIE trying to learn and making NEWBIE mistakes. They were expensive mistakes but lesson learned nonetheless. And regarding real estate? Where have YOU been because around here it’s booming at ridiculous prices!

 

That's the market. But back to your question, just list them at a price guide, see what happens. I agree they're over-graded, by the way, for what that's worth.

 

How and where?

 

So here is the bad news...

In addition to simple over-grading, the owner of NNC would purchase details graded (graded by reputable TPGs) coins on eBay, crack them out, slab them as straight-graded coins, and resell them on eBay.

(You can prove this by comparing the tiny little dings and nicks - no two coins go through exactly the same path in life, even MS coins fresh from the mint have marks called "bag marks" because, well you get the idea).

In PCGS plastic, a 1939-S MS66 Red-Brown retails for $22, $12 in MS65.

As for the 1975-S proof coin, they don't even give a price guide for red-brown proofs, nor less than DCAM. The coin isn't DCAM, but PF67DCAM RED retails for $8.

Now PCI... ah PCI... that generation (which I call the bullet train) comes AFTER the blatantly fraudulent PCI period (seriously, Google it: pci rico fraud)

(If you follow up, the case was appealed to the 5th circuit, reversed and remanded

followed by several long paragraphs that say this doesn't mean the defendants didn't commit ordinary fraud, just that the remedy selection based on the RICO finding was in error.

So we come back to Southern Texas and the plaintiff files: oh, based on guidance from the appeals court, we pick ordinary damages, please.

And the judge says "sure" and signs the proposed order:



Whatever happened, THAT generation of PCI was dead-gone-dead.

Whoever bought the PCI intellectual property and assets started up a new PCI. They ran out of a PO Box on Long Island and then a UPS store in Florida, and I've never seen any good claim to the name.

They didn't get any better at grading.

During the life of this iteration, they appear to have graded something over 60,000 coins (yours is #62,543 and I have #s as low as 3113 so ...) (plus there are 2011.95 coins and ones with the train but no tracks and the tracks but no train).



PCGS lists an MS63 1974 clad Ike at $20, retail. MS64 for $24.

Their website fades out in 2018 - it becomes a GoDaddy parking page, a front page for an online casino, that kind of stuff. The company was dissolved in Florida records in 2017 (look up P12000014667).

There is a name in those records, but not a lot of hits in google. That name WAS originally one of the defendants in the case... but was dismissed from the case in 2014,

FWIW, from Hallmark's 1989 - to the 2018 end, this is the longest run of companies using the same physical slab shell...

 

Here.

 

Mimi, I was out most of the day when the bad news started rolling in... sorry if this was an expensive learning experience...
But if you need a guide for a newbie, try "A Guide Book to United States Coins 2024 The Official Red Book" which people around here just call "the Red Book". They publish one every year, and it has suggested RETAIL values of unslabbed coins. (there is also a Blue Book for wholesale prices). The Red Book has lots of good information about the coins and how they are graded - its more than a price guide.
Also, coins are graded on a 70 point scale, and a mint-state 70 (called MS-70) would be absolutely flawless, and a lot of coins have no known examples of them. And a difference of only a single point can have a huge price affect for the higher grades. For example a real IKE dollar at MS67 really and truly is listed in one guide as $18,500, but drop the grade one notch to MS66 and the price is $275. So beware of grade exaggeration!
Lastly, there's good advice to be had in this forum. Ask when needed! (Well, don't ask if the coin that you found in the parking lot is REALLY worth $10,000; that question is sort of a sore spot for some members.)

 

People disparage the prices in the Red Book, but do you know what, it gets them close enough. And it's what 99.99% of us started with. And now that I think of it, the %-age is probably higher than that. My first one I bought back in 1964.

 

I do feel compelled to point out that Red Book prices are - at best - dated and FULL retail in a NICE coin shop, where the chairs aren't held together with duct tape, the proprietor has taken a shower this week, and the mustard stains on his t-shirt are GOOD mustard.

As for dated, they are typically gathered 3 to 6 months before publication and the publication date has crept to April of the year before the cover date.

So that 2024 Red Book prices are from November 2022.

 

Nothing to make you feel like an idiot as something like this. I think I’ll never buy a coin again. Should have done more research I guess. Those came from
HiBid/CENTRAL FLORIDA COIN AUCTIONS - LIVE AND ONLINE AUCTIONS
Address:
PO Box 180779
Casselberry, FL 32718
Hopefully it can prevent someone else from making my mistake.

 

So should I spend even more money to send them somewhere to be graded or cut my losses and take them to a local coin shop to get whatever I can?

 

Mimi, I'm sorry to say, the combined price you would receive for all 3 of those coins wouldn't justify sending even 1 of them to get properly graded.

Nice coins, but honestly, they're just, nice.
Cut your losses on them. Chalk it up to beginners mistakes.

 

Mimi, honestly, we've ALL been there. Good to have you on. You'll learn from it. And they're not bad-looking coins, just over-graded some. The next time, lean on us, it's what we're here for. For these, if you want to sell any, just offer them here, we've a special forum for it. Least expensive way.