Interesting Find From Circulation

Discussion in 'US Coins Forum' started by GaryBurke, Dec 26, 2004.

  1. skane

    skane Senior Member

    I once found a 1909 Lincoln cent. (Nope, no S mintmark, don't get excited...) Kind of disappointing the price for it found in PCGS. Even in it's not so good condition, I was hoping for a little more than what is listed for the first year a Lincoln was minted...oh well...)
     
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  3. GDJMSP

    GDJMSP Numismatist Moderator


    skane - you need to learn to ignore any prices you might find - for any coin - in the PCGS price guide. For the most part the PCGS price guide is worthless.

    If you do wish to know what a given coin is worth - check realized prices on ebay or other auctions.
     
  4. ndgoflo

    ndgoflo Senior Member

    I don't think it's worth much, but interesting, nonetheless. A 1985-G $50.00 bill, still in pretty good shape, maybe AU? :rolleyes:
     
  5. skane

    skane Senior Member

    PCGS is that dreadful? wow....an auction site is the place to go? How interesting. I guess I was just trying to get a rough idea of what I've got. You see, I have a lot of old coins that have been sitting in a can, some in holder and folders, most not. Just recently got the bug to take a look at what i've got and figure what is really worth keeping around and what is not. I thought PCGS was accurate enough for that and would give me a rough idea of a particular coin's relative value. Now when it comes down to selling a very specific coin, I would peruse some of what you and other folks have submitted.
    If PCGS is one of the better grading services, wouldn't their price guide have some relative value?
    I believe I know what you are saying, however....If I want to get a more realistic, up to date idea of what a specific day's market might bear for a specific coin, the auction sites would be the best place to go.....
    Thanks for the information.
     
  6. satootoko

    satootoko Retired

    It isn't PCGS that's dreadful - it's the accuracy of their price guide, which is based on their own system and is usually on the high side.

    At the top of each page in this forum there are six buttons on the right side. Click on "search" and then look for posts that include "PCGS" and "price". That will locate a number of posts that you will find to be both interesting and educational.
     
  7. skane

    skane Senior Member

    I did the search, but could only input PCGS and not price...
     
  8. satootoko

    satootoko Retired

    Input as many search terms as you like, separated by spaces, which the software interprets as "and in the same post". "PCGS price" brought up about half as many posts as "PCGS" and "PCGS price guide" took the number down by another 75% to a manageable figure.
     
  9. GDJMSP

    GDJMSP Numismatist Moderator


    Let me give you an idea of how dreadful the PCGS price guide is. Look up just about any coin you wish in the PCGS price guide. Then go to David Hall Rare Coins and find the same coin for sale. Know what you'll find ? That the coin is being offered for sale for about half of what the price guide says it is worth.

    Now here's the best part - David Hall is the president of PCGS.
     
  10. skane

    skane Senior Member

    LOL..That's beautiful...I guess I'll start looking around for some other places to 'get an idea'....
    Thanks
    BTW-is there an reasonable rational explanation on the variance between the 2 when Hall own one and is president of the other?
     
  11. satootoko

    satootoko Retired

    How about
    • to sell coins, they have to be realistically priced, or they will remain in inventory, but
    • when putting out a "price guide" to promote a slabbing service the higher the "value" of the slabbed coins, the more impressive the service looks?
     
  12. Kyra

    Kyra New Member

    So far this week I've found my usual handful of wheat cents (nothing special on the dates) and a 1943-P silver nickel. I have a new co-worker who knows nothing at all about coins or collecting, so it's been kind of fun showing her what I have and telling her about them. So far she's only interested in what they're worth, but I can keep working on her! :cool:

    Rachel :p
     
  13. GaryBurke

    GaryBurke Senior Member

    Just got back from a small convenience store where I often buy gas.

    In change I received a shiny new 2004 Type I nickel. When I said "Wow," the clerk asked if I would like some more. I said sure. He dug around in the till and pulled out eight more Type I's, and one Type 2.

    So, I don't know if the nickels are starting to circulate, or if a bank sent out a new roll, or what. But, am happy to have several of these coins to give to friends.

    I'm sure that the 2005 nickels will be even more difficult to find.

    :) :)
     
  14. jody526

    jody526 New Member

    [​IMG] [​IMG]
     
  15. Vol

    Vol New Member

    Last week I received from my bank $107.00 in halves and found 4 1964,
    14 1965 thru 1969 and 1, 1959 franklin half. This is the same bank that never has any new quarters or nickels. Just silver, darn it!
     
  16. digger

    digger New Member

    Last week I found 2 1952 Ben Franklin halves in the one roll. Not to mention the 54 D nickel in AU, a 40 S in fine, a 60 in MS, and a 69 D with a double or triple rpm. almost forgot the 88P half dollar that appears to be gold plated. It is wearing off though.
     
  17. jody526

    jody526 New Member

    I just found a 1996 Bahamanian nickel (Five Cents) in a roll of Jeffersons.

    Don't think I had an example of that coin. Not sure though. I have so many World coins, I really don't know what I've got. LOL
     
  18. Kyra

    Kyra New Member

    I've found a handful of coins from the Bahamas, and they're all pretty cool! Most of those island nations have some nifty coin designs. I don't have anything neat to report so far this week, just a couple of common date wheat cents. Bummer....

    Rachel :p
     
  19. GaryBurke

    GaryBurke Senior Member

    We were in the Bahamas last year (Nassau), and picked uP a bunch of coins. Attractive designs.

    :)
     
  20. KLJ

    KLJ Really Smart Guy

    Not exactly super exciting, I admit, but in the last two days I've gotten a 1982 Canadian cent, a 1979 Canadian quarter, and a 1983 Panamanian dime (or to be technically correct, un decimo de Balboa).
     
  21. digger

    digger New Member

    Someone needs to reply before this thread is lost in the back pages. So I will bring it back to the front with my update of my own post. BTW i think this is a great thread, I just wonder if it should start over before it gets to long?
    OK! Lets get down to business! I believe that one of my 1952 Franklins is a proof, and in Mint State condition too. It came all covered in some sort of goo and I had a hunch that it might come off if I cleaned it. Now don't panic people I did brake the rules a little. Apparently it was Rubber Cement , and came off easily with soap and water. I will start a new thread about how to tell the diff between a business strike and a proof. Other than that I found 2 1946 s Jefferson nickels and one 1938. One of each have mint state details but unfortunately have some green spots here and there. I wonder if they can be cleaned?
     
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