I've been looking around for a user friendly FREE site(s) to get an average value for any specific coin. If you know of some that you really like/trust post up. I had one up before and it was super easy, but I can't remember it for the life of me:crying: Thanks!
I like to use Numismedia it will give you a general ballpark. NumisMedia Online FMV Rare Coin Price Guide Index - Retail Fair Market Value Prices for U.S. Rare Coins - Numismatic Values -...
Found it! http://www.coinstudy.com/index.html I just bought two 3 Cent Nickels and, according to this site, they're both worth over $200 apiece Thanks, I like this site a lot actually.
To get the most accurate going rate for coins, I like to search auction prices realized. Hertiage Auctions has a wonderful source of FREE (after you sign up) auction archives that go back to the 1990s. Especially great for coins $500 and over. Teletrade auction prices realized is good too especially for coins under $1000 or so.
I normally use the NumisMedia price guide on the NGC website. It seems much easier to use to me, although i do have the PCGS price guide bookmarked it seems way out of whack on many items. http://www.ngccoin.com/poplookup/NumismediaLanding.asp
I'm going to **** everyone off and go with ebay. It will give you the most realistic price in the market. If you want an optimistic value, go to some of the other places. Let's see if you can get that price at a coin show or a dealer.
E-Bay probably isn't bad for low value items, but for the big ticket items over $1K, Heritage auction archives are the best. Since Heritage displays both Numismedia and PCGS price guides in every auction lot, the final price realized is usually in line with the price guides, provided the coin is accurately graded.
None of the above will tell you the value of the coin. They only tell you what others are currently paying. In a very real way, the dumbest buyers set the price for everyone else. The other problem is that not all coins with the same grade have the same value. Some exceptional coins rightly sell for more, but the folks examining recent auction prices are left with the presumption that this is the "right price" for all coins of that grade. There is a lot more to think about than just looking up recent prices.
That is very true. I use heritage, but then I compare the coins and the prices. Now I do not always do this, but that is how I usually determine what I will bid.
As I have said on other threads here, I like PCGS Auction Prices realized -- it has auction results from multiple auction houses (Heritage, Stacks, Bowers & Merena, Goldberg, etc.) over the years. Unfortunately, PCGS just started making us pay for the privilege.:crying: Heritage is the most user-friendly (and free) single auction site.
Thanks for all the responses, I'll use a variety of site to estimate the value. NumisMedia and Heritage seem to be the most reccomended, so I'll go with them first.
I use all that have been mentioned, probably use Teletrade the most because it is a bit faster than Heritage, though not as comprehensive. Most folks that use auction price archives quickly learn that the two coins, in the same grade, even if in the same company's holder often go for very different prices. Sometimes it has to do with quality, sometimes it is just the right bidders showing up. For most coins with a decent number of data points, the high price is often double the low price, in the same company's holder. Add in more companies to the mix, or coin specific factors such as spectacular toning, and the price variance gets even wider. For expensive coins, it is generally best to research a variety of price resources, including dealer website asking prices before spending the big money, or selling that expensive coin. Expensive may have a different definition for each collector. For generic widely available coins, a person will usually learn quickly enough how close real world buy and sell prices are to their chosen guide(s). Price guides, even auction archives are only guides. Pricing is one factor, availability is another. With some years in the hobby a collector can learn which coins are truly tough to find, and which are available at most every show and most every auction, and bid/buy accordingly.
Maybe this is a loaded question, but what is the difference between "what others are currently paying" for a coin and "the value" of a coin? We had a very long and heated discussion on another thread a while back about what constitutes the value of a coin or what a coin is worth. There were a lot of different opinions and possible answers, but to me the value of a coin is what one is willing to pay for it - and yes a coin can have a different price for the same grade and year because each and every coin will be different, even if it has the same grade in the same plastic holder. But to get a quick idea of what a coin is basically worth, all the pricing guides mentioned are great sources and can be used as comparisons against each other as well.