RIP Life Savings of Franklin Collectors

You couldn't be more wrong on all counts or are just a PCGS fanboy that can't see reality.

The market for FBL Franklins has never been hotter. Before PCGS killed the Lincolns that series was very similar.

The markets for for commems, Seated, Bust, and Barber coinage (including Liberty Nickels) are a bit slow, but definitely not Franklins.

For the first time ever NGC coins are actually starting to outsell PCGS. Don't believe me? The facts speak for themselves. Look though the realized prices of the Heritage Premier session from last night. More NGC coins then I have ever seen in a Platinum night.

It seems the market is in fact correcting....just not the way PCGS would like.

 

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You can't debate the 'fact' that in his opinion, the hobby is stronger than it has ever been.

 

That is the point I am trying to make. It is the price guide that is setting the ceilings not the market. The market is fine and the price guide is eroding the market away.

When you buy a coin are you telling me that you tend to pay more then PCGS price guide value? If not then that is what I would consider a ceiling.

If PCGS slashes a price guide value in half and the coin is REALLY worth that new figure.....are you still going to buy it at full retail or try to get it cheaper? That is erosion.

 

Hence the "comical" part.

 

Then prices would be higher and climbing not falling. Your arguments are contradicting each other.

You can believe what you want, that's not what happened or is happening

Without question when warranted. You won't get the best coins (and I don't just mean highest grades) in many series for price guide

 

If coins keep selling for less than the price guide has them valued, should the price guide not eventually change to reflect these sales as these figures start hitting/affecting the algorithm?

 

baseball...


The poor guy (or girl or gender neutral etc) who prebid bid on lot 3789 in Heritages auction that ended TODAY when the value was still $7500 might disagree with you.

 

Yes price guides should go down gradually over time. Not 30-50% in one day.

 

This thread is about collecting coins, not investing.

 

Except the coins went down like that first on their own. Your example of a 1948 D MS 66 FBL has always had a huge price range. Heritage sales for this year alone have ranged from 282 to 1,410. I guess that 282 and all the ones below 500 are PCGS fault too?

 

You looked up the wrong coin. It was a 1949 D.

 

OP mentioned investing.

 

See?

 

If I want to invest in “coins,” I’ll take my chances with bitcoins. If I do, however, it’s time for some of my friends here to file for a commitment order to protect me.

 

Oh and while you are looking up coins why not look up the 1962 P MS65FBL which saw a nice price drop too from $1550 to $1350 EASILY one of the more popular dates that regularly sells for more then $1350. The previous $1550 ceiling keep the prices selling below that as well or they would sell for more.

You are trying to argue with me about a market you clearly don't understand.

If you don't know the difference between a 1948 and 1949 D then you are not the caliber of collector I am trying to reach here anyway. I can see why someone with an ego and a bag of wheat pennies may come to the conclusions you have here.

 

The PCGS price guide has long been considered artificially inflated, but that doesn't mean that coins didn't often sell for more than the published "ceiling" price that you refer to. There are high and low end examples of every grade, so purchase prices always reflect this.

 

That being said, sometimes you don't know where the market is based on PCGS price. Sometimes you bid on coins and even bidding the PCGS price doesn't quite get the price it has gone for. Other times you get it for less. I think the trick is setting up a reasonable expectation of what you should pay for a coin based on that particular coin or one in that grade.

And several years ago when I was starting my Frankie collection, I took a gander at various prices and realized for my own purposes I did not want to have particularly pricy ones, so I limited myself to only business strikes minted in Philadelphia, and in MS64 & 65 grades and build a year set off that. I still don't have the entire set done, but hope to one day.

 

Just as big of a range on that one for most years. This year it was 960 to 1527. Last year it was 1057 to 5,640 with the 5,640 being an outlier. 2014 was 1,292 to 8,225. They've been all over the place with the majority of them near the lower end of the ranges, but enough outliers that clearly without any doubt prove that the price guides are not a ceiling on them at all

 

You're new here, right? Welcome to the forum.........and spirited discourse.

 

Lol right I'm the one who doesn't understand a market says the guy who who claims a series has never been hotter during falling prices and thinks price guides are a ceiling on prices.