For you Jefferson Guys

Discussion in 'Coin Chat' started by elijahhenry10, Aug 12, 2012.

  1. elijahhenry10

    elijahhenry10 New Member

    I know people on here have completed sets of Jeffersons, but I was wondering if someone could tell me about what it would cost me to put together a complete set that averages out at about 66. I was thinking that for the more expensive coins I could get a 65, and then just bump up to a 67 on some others.

    Thanks
    Elijah
     
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  3. BUncirculated

    BUncirculated Well-Known Member

  4. elijahhenry10

    elijahhenry10 New Member

    Do you know what those prices are based off of? I was looking at the PCGS price guide, but I didnt know if they usually sold with those prices. I know Morgans are usually sold for less than what PCGS says they're worth.
     
  5. gbroke

    gbroke Naturally Toned

    Are talking about full step examples. Raw, NGC, or PCGS certified?
     
  6. elijahhenry10

    elijahhenry10 New Member

    Definately not FS, the price really seems to go up for most. I would prefer PCGS graded, but I could do NGC.
     
  7. BUncirculated

    BUncirculated Well-Known Member

    Many coins sell for less than what the TPG's price guide says the value is, and many sell for less than what Numismedia.com lists the FMV as, too.

    As far as numismedia.com,

     
  8. elijahhenry10

    elijahhenry10 New Member

    So numismedia will probably be more accurate than PCGS.
     
  9. BUncirculated

    BUncirculated Well-Known Member

    Depends on how often PCGS updates their price guide, but I would say yes.

    According to PCGS' website,

     
  10. Lehigh96

    Lehigh96 Toning Enthusiast

    You would do well not to take advice about collecting slabbed coins from a guy who hates slabbed coins. I can't see the advice being given because he is on my ignore list, but based on your response, you need to stop listening to him immediately.

    If you are planning to collect PCGS graded Jefferson Nickels then you should use the PCGS Price Guide as a full retail price and use past auction archives of PCGS coins ONLY to determine market value. DO NOT USE NUMISMEDIA FOR PCGS JEFFERSON NICKELS! PCGS & NGC use very different grading standards at the gem+ level for the Jefferson Nickel series. So different in fact that the average NGC coin is graded almost one point higher than those graded by PCGS. The NUMISMEDIA price guide should only be used for NGC coins in the Jefferson series.
     
  11. Numis-addict

    Numis-addict Addicted to coins

  12. TheNickelGuy

    TheNickelGuy Well-Known Member

    I don't think this question can be precisely answered. I suggest, just collect the very best you can, at the best price you find of each date and mint that really grabs you. One MS67 coin may not be nearly as attractive as a MS66 or even a MS65.
    Eye appeal makes a better set. The price guides are only guides. Prices realized are a better guide.
    When you go to sell, you would always do better selling them by the coin anyway.
    The grade thing is not as important in a raw set. Enjoy the journey, don't just take the trip.
     
  13. elijahhenry10

    elijahhenry10 New Member

    I almost have my circulated Jeff set done, all but a few wars and key dates. I just love the look of a ms Jefferson, and the price of most definately doesn't break the bank. Anyhow, I think in going to a show in the end of October, and I'll probably just start it then.
     
  14. GDJMSP

    GDJMSP Numismatist Moderator

    Kind of strange Paul since Numismedia gives separate prices for NGC graded coins, and PCGS graded coins.

    And elijah, for what it is worth, based on everything I've ever seen the Numismedia guide is a whole lot closer to reality than the PCGS price guide is.

    That said, if I really wanted to know what Jeffs are worth, I'd check Heritage because that is more accurate than either of them.
     
  15. elijahhenry10

    elijahhenry10 New Member

    I would love to go on HA, but they require you to be 18 to join, and you have to be a member to check prices.
     
  16. Lehigh96

    Lehigh96 Toning Enthusiast

    The link in this thread shows one set of prices, which is Numismedia Retail btw. If you are talking about the prices listed in Heritage auctions (Numismedia PCGS nmp), those prices are absolute garbage as they relate to Jefferson Nickels. I spot checked about 10 different dates/mm and each one listed the nmp price lower than Numismedia Wholesale. Premium gem PCGS Jefferson Nickels drive higher prices than NGC Jefferson Nickels. It is an indisputable fact! To value them less than NGC in a price guide only serves to invalidate the credibility of the price guide.

    PCGS Price Guide represents full retail price. Heritage auction archives give the best estimation of current market value.
     
  17. BUncirculated

    BUncirculated Well-Known Member

    Membership is free to both HA and TeleTrade. I think the 18 y/o requirement is for bidding purposes.
     
  18. elijahhenry10

    elijahhenry10 New Member

    Even just to join they make you check a box saying you are over 18. I didn't try teletrade yet.
     
  19. BUncirculated

    BUncirculated Well-Known Member

    I have an idea.......PM on it's way :thumb:
     
  20. GDJMSP

    GDJMSP Numismatist Moderator

    Ya know, sometimes I wonder if it's even worth it :rolleyes: But what the hey.

    No one in this thread, at least that I could see, ever questioned or disputed that PCGS Jeffs bring higher prices than same grade NGC Jeffs. That was not the question and really has nothing to do what was being discussed. But since you brought it up, in looking at the Numismedia prices listed on Heritage, Numismedia does value PCGS slabbed coins higher than those slabbed by NGC.

    The question, and the topic being discussed was about which price guide to use, which price guide was closer to reality. You claimed that Elijah should ignore the advice given by BU, and instead suggested that Elijah should use the PCGS price guide instead of using the Numismedia guide as BU suggested.

    You say you spot checked. OK, here's a few links -

    http://coins.ha.com/c/item.zx?saleNo=1172&lotNo=7789

    http://coins.ha.com/c/item.zx?saleNo=131130&lotNo=22754

    http://coins.ha.com/c/item.zx?saleNo=131152&lotNo=27479


    Now in looking at those in seems to me that the PCGS price guide is just a tad off from reality.

    coin #1 =- 1954-S/D MS66

    Numismedia NGC value - $465
    Numismedia PCGS value - $485
    PCGS guide - $2500

    actual realized sales price - $632

    coin #2 1954 MS66

    Numismedia NGC value - $11
    Numismedia PCGS value - $11
    PCGS guide - $210

    actual realized sales price - $79

    coin #3 1959-D MS66

    Numismedia NGC value - $29
    Numismedia PCGS value - $31
    PCGS guide - $115

    actual realized sales price - $53

    Now, as I have said more times than I could ever count, my advice is to completely ignore all of the price guides except for the Grey Sheet. And even then to only use the Grey Sheet as a "guide".

    But your advice Paul, to a YN, was to use the PCGS price guide instead of using the Numismedia guide. Your advice was to - "not to take advice from a guy who hates slabbed coins". In other words, because he doesn't like slabbed coins his advice on which price guide to use is no good.

    Well, I dunno Paul, but it looks to me like your advice to a YN about which price guide to use (coming from a guy who not only likes slabbed coins but one that also collects Jefferson nickels) to use the PCGS price guide, is far, far, worse advice than that given by the guy who doesn't like slabbed coins.

    It seems to me that the Numismedia guide, even though its prices are really no good, is one heck of a lot closer to reality than the PCGS price guide is. Even for PCGS slabbed coins. It seems to me that you are the one he should not be listening to.
     
  21. BUncirculated

    BUncirculated Well-Known Member

    Just to clarify one thing.

    I have never stated on this forum that
    What I've said is that TPGs give an opinion, paid for by the members of their service, and IMO is a waste of money.
     
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