new collectors or collectors with small budgets.

Here is the link

http://www.greysheet.com/

 

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And that is why we say over and over---don't go by PCGS's price guide---it is the most hyped up....worth nothing....price guide that I know of.

Speedy

 

I think there is a fair amount of bitterness that led to the start of this thread, and a similar one just above it. I'm sorry that you've had a bad experience and bad fortune that led to you having to sell your coins at what appears to be a significant loss.

Small collectors on limited budgets-- and there are two of them in the signature below-- can still get a huge amount of enjoyment out of the hobby. There are any number of inexpensive coins from the USA and around the world that can be collected and the history behind them can be just as rich and varied as many of the pricier coins.

For example, I haven't counted recently but I am sure that Thalia Elizabeth has more than 100 different coins now with Queen Elizabeth II on them from probably 20 or 25 different countries or jurisdictions. None of them were budget busters and most of them were under a dollar each. It doesn't diminsh their "value" in our perspective.

Sure, I'd love to own some of the coins I've seen at shows or local dealers, but it's all a matter of balance and perspective, and right now is not the time.

I've run the numbers in terms of how much a "better coin" would have to increase in value in order for me to just break even on the difference between what I would pay versus what I could sell it for (made more daunting by New York's sales tax, but don't get me started). To me, that means that coins are a hobby, not an investment.

 

40% off... honestly, that sounds about right. PCGS.com price guides are never any where near what anyone actually buys or sells; they are way way high.

Some folks use them for estimating Insurance value when shipping. If they get lost, it's nice to have a good replacement value. Don't get high enough to move into the next premium price bracket, though... odds work against you.

 

umtrr-author, bitterness is not the point. we're having discussion about what is the usual practice of dealers and to what extent they use greysheet, and how they value middle grades. I would have expected my coins to get $50 more, I felt I didnt get quite the best value for ms62. And as I said, not about bitterness. its about the issue that greysheet doesnt cover middle grades. Although Greysheet does have ms62 for US Gold. Theres a big jump in prices from MS62 to MS63 for US gold. So I suppose, if greysheet did ms62 for morgans, there would be a similar big jump.