For you Jefferson Guys

The fact that PCGS coins bring higher prices is absolutely relevant to the discussion as is the fact that the TPG's employ different grading standards for the series. I don't have any idea what you are looking at but for the three date/mm that you listed, Numismedia values PCGS coins less that Numismedia Retail which was the guide linked in this thread.

1954-S/D MS66: Numismedia Retail $660 vs Numismedia PCGS $485
1954 MS66: Numismedia Retail $32 vs Numismedia PCGS $24
1959-D MS66: Numismedia Retail $42 vs Numismedia PCGS $31

That is not what I said. Here is a specific quote of what I said.

Please note the bolded sections of my statement. First, I clearly stated that PCGS Price Guide is a full retail price. If you or anyone else had a question about what that meant, then you should ask. Despite the fact that price guides give a single monetary value, almost all use a range of past prices realized to calculate their value. PCGS takes the top performing coin in the range and lists that as their Price Guide value, hence my term, full retail. Secondly, I advised him to use past auction archives of PCGS COINS ONLY to determine market value.

It looks a tad off from reality because you don't know what you are doing. You broke the golden rule! I clearly stated that when you try to obtain a market value for a PCGS premium gem Jefferson Nickel, you must look at PCGS COINS ONLY! The actual realized sales price of $632 that you have listed is for an NGC graded coin. But have no fear, if you look at that same link and go down to the Previous Prices from Heritage Auctions section, you will see three prices listed for past PCGS Coins. The average of these three prices is $1,840. PCGS Price Guide lists the coin at $2,500 which means there was probably another coin sold by Stacks or Goldberg etc, that sold for $2,500. It really doesn't matter which price guide is closer monetarily. The fact is that if Elijah uses the Numismedia PCGS price to value Jefferson Nickels, his collection will be non existent because he will be outbid on every coin and every BIN price will be too high as well.

For this date/mm you simply chose the lowest of the three PCGS coins. The average of the three is $95.33. The 1954 philadelphia Jefferson is one of the toughest dates in the entire series. My registry set is missing only 6 coins, the 1954 is one of the six. But I promise you, if I find a high end PCGS MS66 or an NGC MS67, I will gladly pay over $200 to obtain the coin. For a run of the mill PCGS MS66, about $100 sounds right. Another promise I can make is you are not going to get one of only 33 PCGS top pop graded coins for this date/mm for $11.

Now I am glad you picked this coin because I own it. This coin is a high end PCGS MS66 and would probably crossover to NGC as an MS67. My max bid on this coin was $144 with BP which is above PCGS Price Guide. I got it for a steal because that is what happens during HA Tuesday Internet Auctions. The HA weekly internet auctions seem to get much less traffic than E-Bay or Teletrade, IMO.



The average price of PCGS coins for this date/mm is $65, and again, you will not get a PCGS coin anywhere near $31 with a scant population of 40/0.

My advice was not to use Numismedia anything for PCGS graded Jefferson Nickels and it is very sound advice. I own the 3rd ranked Jefferson Nickel set in the NGC registry and the 2nd ranked Jefferson War Nickel set in the NGC registry. I have owned every major variety of Jefferson Nickel and have dedicated myself to the series for the last 3 years. I have read every book several times and have written several articles about Jefferson Nickels that have been very well received by all of the major coin forums. I have bought and sold hundreds of Jefferson Nickels over the last 3 years and fully understand the subtle nuances of grading and pricing Jefferson Nickels.

If the OP wants to believe either you or that BUdude, then that is his prerogative to make such a grievous error!

 

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I think you would do well to take LeHigh96's advice, no offense GDJMSP you certainly have more knowledge than I when it comes to coins but I certainly have to agree with LeHigh96's argument that PCGS coins and policy's drive a higher premium than others. Im not going to say every PCGS coin realizes what the price guide lists but i will say that eye appealing coins of any grade certainly are highly sought after and will bring close to the listed price.

 

Paul was just trying to steer the OP in the right direction in building a quality jefferson set that is all and there is no doubt that quality coins cost more. Believe what you want to, there is no right or wrong answer here Paul's only argument was that if you want eye appealing coins for the grade you are going to have to shell out a little extra its just a fact you cannot deny.

 

What one person thinks is beauty, another may think is ugly.

The only person's eye that has to be caught is the one putting the collection together.

It's all good, as the OP has been given several options by myself through PMs.

 

It isn't a simple answer, and I explained why in my post above which you completely ignored. It does not make any difference which price guide is closer monetarily. What matters is that Numismedia PCGS understates the value of PCGS Jefferson so badly that if one uses those prices, they will not be competitive when bidding on Jefferson Nickel auctions. Furthermore, I showed that PCGS Price Guide is more accurate than you led us to believe and in the case of the 1954-S/D MS66, the PCGS price guide was actually more accurate.

coin #1 =- 1954-S/D MS66

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

actual realized sales price - $1,840

If you would like, I can start to post examples that support my point of view?

 

Doug, how does this brow-beating of Paul in diatribe form help Elijah? What I read in Paul's post was helpful -- and Paul actually buys and collects coins (specifically Jeff Nickels), which you haven't for years. I'd fathom he knows more about market trends than you think you know.

 

Uh, I'm confused here...

#1. I thought we were all adults or at least mature enough to act like adults.
#2. Differing opinions are just that, opinions. Y'all are taking this way to personally.
#3. I'd take the word of "Paul" (AKA Lehigh96?) over pretty much anybody else given his apparent qualifications in regards to Jefferson Nickels.
#4. Wow, I didn't realize some common Jefferson Nickel in my change could be worth that kind of dough.

 

Once Elijah asked which price guide was more accurate, I knew what the answer was going to be. I also knew what would happen if Elijah actually tried to use Numismedia prices while purchasing PCGS Jefferson Nickels. You think that advice was based on the fact that I don't like the guy. Absolutely not, it was based on the fact that his advice was terrible. Nobody in there right mind would advise someone to use Numismedia Price guide to purchase PCGS Jefferson Nickels. If the advice given was about Capped Bust Halves, I would have remained silent. Instead, it was about my chosen series. A series that I know inside and out. There was no way I was going to let someone who doesn't know what they are talking about mislead a YN.

Furthermore, I did explain to Elijah the best way to find accurate values for Jefferson Nickels, more than once!

I can't believe you actually have the audacity to type those last two paragraphs. You jumped in this thread posting a bunch of garbage. I proved that you were wrong and that don't know what you are talking about and then you resort to attacking my character because you just can't admit that you are wrong. How sad!

 

More than likely you won't find these coins in circulation. They were using high MS coins as examples, and the chance of finding high MS coins from the 40's and 50's in change is very slim. It's always possible though.

 

How are you making out at Heritage and TeleTrade?

I actually find searching completed sales online to be more realistic than any price guide as you can see what items have sold for, so you have an idea what expense you're looking at for any particular series you want to amass.

I've put together a really nice Franklin set that way, and working on a second one, 64+FBLs.

 

I haven't gone too teletrade yet, but I was on heritage for a good while. It's nice to see what coins have actually sold for, which has to be more accurate than any price guide. It doesn't seem that they have sold all too many MS Jeffersons though.

 

In the end, it seems that we all have the same advice for young Elijah. We just took the long road to get there. I will try to save the drama next time.

 

Check the tab titled Sold Items. There's over 27,281 slabbed Jeffersons sold under that tab.

http://coins.ha.com/common/search_results.php?ic=homepage_search&Nty=1&Ne=304&N=51+790+231+352

 

Appology accepted!