PCGS Graded Coin Value

Hi everyone! I just recently bought a PCGS 2011s PR69DCAM First Strike on ebay. I was wondering what the value was on the coin. I got it pertty cheap so I think i'm in the green but I was just wondering what the value was. Thanks to everyone in advance!

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$8-$12

 

Well I did very well then considering I paid only $6.50 for the coin. I looked at the price to get a coin graded by PCGS. It was $13 plus $8 to get the first strike designation. Why would someone spend $21 to get a coin graded, then sell it for $6.50? Looks like a loss of money to me.

-Jimmbob82

 

that about right

 

Well atleast I'm not alone on this theroy. Kinda strange if you ask me.

-Jimmbob82

 

They likely send so many off to get graded, they're likely not paying the same prices posted on the PCGS website. But, think about it this way, if this coin had not been slabbed and graded but stuffed into a 2x2 cardboard flip with the seller claiming it's a PR69DCAM grade, would you have still bought it at $6.50 trusting that was the grade of it and value? That's the real question. They likely make up their profit in other ways if they're a dealer.

 

When graded in bulk (100+ coins and some other conditions) it only runs about $7 per coin plus shipping.

 

Well I always wondered why people sold coins so cheap like that. Well either way I made an alright profit on the coin. Thanks everyone again!

-Jimmbob82

 

Don't forget the round trip shipping and insurance

 

Still that is seven hundred dollars plus shipping to and from PCGS/NGC and having the package insured. Still either way you look at it the seller still seems to lose out on money.

-Jimmbob82

 

Assuming that he does not turn them in at a show to avoid shipping to PCGS (quite likely), he probably pays less than $50 for shipping BOTH ways. That is only 50¢ per coin for a total of about $7.50 each. Maybe he gets 1/3 to be MS70's, I think he did quite fine. He only sells the 69's try to break even.

Not only that, but I don't see what the buyer paid for shipping. $3 to $5 is common. Even at $3, that is about $1 toward his costs. i.e., he probably broke even.

 

I think rlm was factoring in the shipping on that $7/coin bulk submission.

 

try an sell it an see if you make out ahead, i dont think you make out ahead, you be luckly if you make you money back

 

Well I'm in it for the long haul so I won't be selling it any time soon. But if I did I would have to disagree with you there. My local auctioniers will be able to get book value or more than book value. Trust me I have been at the auctions and coins very rarely go under or on book value as most of the time there are serveral collectors there that make money seem like no object. Even after the commision I would still make out alright.

-Jimmbob82

 

I dont see even $6 value there. I would say 90% of the coins leaving the mint are prf69. there is really no value in modern nickles that i can see.

 

Doesn't PCGS price everything they grade?

Another question, I just sent in a number of modern gold and platinum coins, they all graded 69, except one Platinum oz. that graded PR70. Who pays the most for those, or do I have to chance it at auction?

 

The book I use is the red book and coinworld price guide since many people read both. The people that go to these auctions normally have a modern coinworld or a redbook on hand. They use the book for rare coins at the auction but the other smaller value coins they just take a guess at them. Almost every time their thier "guess" is wrong and they over pay for a coin time after time.

-Jimmbob82