Rare Coin Value

I STRONGLY disagree. One example (of many) is that DMPL Morgans are one of the weakest parts of the current market, yet week after week the largest % gains on the greysheet are there! It is inexplicable, but that is what is happening. I could continue...

 

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er insted of continuing how about answering the question i had on the nickel Blood pressure is best left down

 

I would probably go to www.coinarchives.com and see if it is there with an auction price realized.

 

Hmmm, local coin shops could be considered as Other. As far as most (small time verses single coin) coin collectors going there first... Well, the poll results are showing otherwise, but then again I don't consider a single coin holder a collector as it were, I simply posted the options based upon the fact that all forum members here have access to the internet.

Take Care
Ben

 

To All, The question wasn't meant to upset anyones sensibilities or to suggest that someone should utilize one service over another. It wasn't posted to be an educational "where should someone go thread" but rather, to get an idea of where the membership does go to to get a "pop quote" (so-to-speak) idea of the coins value. As far as upsetting the mods I didn't mean to do that as you can see I have three on my butt now, LOL... Although I suppose it was inevitable with some of them representing the companies listed, VBG...

If you happen to notice I had an idea what the results would have been beforehand and simply listed them in descending order, certainly not a pecking order.

Take Care
Ben

 

Come on Bone---you know that is the last place we would be
All kidding aside---I just wanted to make sure the question before I voted and I just now have the time to come back and vote.

Speedy

 

LOL Speedy, you can vote now and as many times as you want too...

Take Care
Ben

 

I would trust Heritage more than anywhere else for accurate prices. I dont have much experience with Teletrade or the greysheet so they may be just as good. PCGS is most always high with their values. If you're familiar with Ebay and know what to look for it can also be a good resource.

 

Assuming I just want to get an idea about what it is worth, and have no immediate plans to sell it, I usually look in the Redbook first and then look for the same coin on a few internet dealer websites to see what they are asking. I figure that the lower of those two is probably a good estimate of the maximum price anyone would pay, and that about a 25% discount from there is about the minimum price that it's worth. What the coin is likely to go for is probably someplace in between. That's close enough. Obviously, more work would be necessary to actually sell the coin.

 

I would just ask 'em "Can you show me a coin that DID sell at PCGS prices ?"

 

It kind of depends on the coin! For most cases, I use the Coin Values Magazine, eBay, Heritage, the PCGS Price Guide, Coinfacts as well as the Redbook. I refuse to use the Greysheet as these are biased towards Coin Dealers who are the main source of input for the Bid and Ask prices and because many Rare Error and Variety coins are not listed in it.


Frank

 

yeah, I agree...it matter the coin...I would use coin archives for modern and ancient higher priced items for auction price realized...for american and common world coins...just krause. Notgeld...well...that area is lacking in any real guide for pricing so I am forced to use ebay. For notgeld I have 2 catalogs, one the prices are 30 years out of date, the other only gives very broad price ranges they should fit into...

So it does matter what you are pricing as to the best place to go Or you can just ask a dealer and if he says he will give me 400 for it...its probaly worth closer to 800

 

Ahem..., the comment "upset anyones sensibilities" wasn't directed at anyone in particular it was more of a disclaimer to those who seen their 'tried and true' go-to resource fall or to be commented upon in a negative way or manner.

You'd be surprised at what the "average/small time collector" knows is available on the internet. As many here are aware I've only been toying around on coin forums for about three years, but have infact been using online price guides, purchasing coins, and researching past ebay prices since 1997 using the same screen-name -- greenfdhog; (Pls don't remove as I have nothing for sale, it's only being shown as proof.) as have most of the members of the local coin club I belong to. BTW, I happen to keep (for reference) a RedBook in the jeep at all times. But, then again I'm far from average, LOL...

In peace
Ben

 

Krause....

 

Here is what I referring to and how I interpreted the responses. Reading between the lines, you know..

#1.

Correction to the question.

#2.

Frustration with peoples choices in relation to the question.

#3.

Clarification of the choices posted as options in the question. (I'd say Coin Shops fall under other.)

Those are the posts I was referring to, simply posted in JEST. Very Big Grin <VBG> However, my (small time) collecting friends usually use Ebay (first) to find out the market value of a coin they may be considering for sale or purchase first. The only dealer (50 miles away in Rapid City) we have in the club uses both Ebay (on special one of a kind items) and Greysheet (on large lot items like bulk silver dollars, etc.) The poll still shows Ebay is a strong source of information followed closely by the large auction companies.

You've got to understand that a lot of coin collectors (spare time and all) live in those far off white two story farm houses you see when driving across the great plains of America. The advent of the internet in the past few (10-15) years has really sparked a fire the coin market for the remote/geographically separated collector. Generally speaking when you've got to drive 30-60 miles one way just to get groceries, the desire to go even further to find a coin shop just isn't there. But, with the click of a key and few mouse moves one can find much more than the value of grandma's old Trade Dollar, etc...

Take Care
Ben

 

<VBG> I am not offended. I was merely commenting on my experience. We receive a fairly large amount of email every day from people who click the "Ask an Expert" button on our website. One of my jobs is to answer a portion of those emails and my response was colored by that experience.

We do a fairly good job of making our website available to someone trying to sell coins who knows nothing of coins via strategic placement with the search engines. At the risk of being accused of self promotion the amount of web traffic that our website receives on a daily basis, is greater than all other numismatic sites combined (independently verified), and the only other numismatic site that is worth mentioning is the PCGS site (based on their message boards and their set registry areas), though it is still tiny by comparison.

The result is that we get a ton of email from people in the exact situation you describe (non-collectors and small-time collectors with a nice item or two who are inquiring as to value). These are usually people who are familiar with ebay, but beyond that usually have no other idea how to find a coin's value. As your poll stands right now eBay has the most votes and Heritage has the second and in my experience I would say that they are in the right order, but most newbies would be inclined to look on ebay first, the forum members just are more savvy than to go there as often as a non collector might.

 

CT, It's cool discussion here is the name of the game. As far as the amount of e-mail traffic you guys get, "WHEW, I can only imagine..." And, I'm sure it's gotten to the point you can answer the questions even before they are asked, based solely on the topic, LOL...

Chuckle, I'll try to take some of the heat off of you since the day before yesterday I submitted my name to http://www.allexperts.com/el/2297-9/Coin-Collecting/

Take Care
Ben

 

lol, that is much appreciated. I actually have a database of canned answers for the most common queries (1943 cents, 1804 dollars, circ morgans and peace dollars, wheat cents, etc) lol