Hi, Can somebody tell me why there is such a wide spread between the PCGS pricelist and what a dealer will over for the coin. Ex: $10 Gold Indian MS64 PCGS price $2250. Dealer will pay $1600. Thats $650 in the middle. I can understand a dealer trying to make a profit, but this is absurd. Any input on this subject would help. Regards Paula
The PPCGS, Red Book, Gray Sheet, & ect All list coins at the highs they can be sold for. Sometimes even what they have rently been sold at. If you really look you will find someone that will pay you that price but its rare
Hi Paula and Welcome! The Numismedia pricing on a MS64 $10 is $2180, so that is not too much from the PCGS price list. He basically is knocking off 30% from the "Sell" price to get his "Buy" price. I am not sure what the % in the Certified Dealers Newsletter price list is, as I don't subscribe to it, but he won't go under it easily. Jim
The PCGS price guide is just a guide. If you want to know what things are really selling for, check Heritage and/or Ebay.
I think if you can get more than 50% of list from a dealer, you're doing good. Ribbit Ps: Welcome to CT, Popit. :hail:
Paula - what date and mint is the coin ? Yes, some dealers will offer maybe 50% - 60% of value. Other dealers (good ones) will offer anywhere from 10% - 20% less than retail. It all depends on the dealer. It also depends on the coin. Just because it is in a PCGS slab and graded as a 64 doesn't mean it is worth as much as another example in the same slab of the same grade. Not all 64's are equal. It is quite common to see a wide range in realized sale prices. If you can post a pic of the coin, obv & rev, we can give you an estimate of value. But that doesn't mean that any dealer will offer you that price either.
Going through a bag of wheats I purchased, with the naked eye I could see a doubled Liberty on a decent 1953. I sent it in to PCGS with a note say "doubled liberty". All of the pros sent it back saying 1953 AU 55 BN. I threw into a registry set of mine on PCGS. It turns out that it is the finest 1953 ever to go through PCGS and there is a population of AU 55 of two. They valued the coin at $10. First of all no one in their right mine would give me $10 for a 25 cent coin at that grade, they missed the doubling that may have made it worth $10 and gave me a price for a coin that if it had no doubling was inflated by 40 times. However, I am proud to own the finest 1953 Lincoln in existence. I just wish it hadn't cost me $16, if anyone wants to beat me, you can do it for $16. Vegas Vic
paula: welcome, and nte that they wrote a book a long time ago referring the PCGS price guide, it was called "Alice in Wonderland". The prices are accurate, if you just advance the date on the cover by a decade or two.
VIC- Since an MS-60 1953 is worth about $5, it looks like they might have taken the doubling into account when assigning a value of $10 to your AU-55. I'm not sure what you mean about your AU-55 being only one of two of the finest to ever go through PCGS. Surely there have been hundreds. The finest 1953s they have ever graded are MS-67.
WELCOME TO THE FORUM. The problem with the PCGS web site price guide is it is primarily made to make you think you have a coin that is worth sending in for grading. If you had a coin that they said is worth $5 you wouldn't send it to them for grading. But if they say your coin is worth $30 you may elect to have it graded and slabbed. Gee is that a way to make money or what? As to the prices in the Red Book. Try to remember that that book is being put together about a year and a half ahead of time. The new 2009 version was probably started in 2007, information gathered during that year, publishing started about the end of 2007 so they could put it out in April of 2008. All prices are a rediculous guess of what may, might, could, should, would hopefully be in a few years from the time they made them. Great book as long as you skip the prices. The prices in the Numismatic News Magazine are a little better since they are issued monthly. And they have nothing to gain by lying. Many people today use the grey sheet and although that is fairly up to date and since many dealers go by that, probably the best for a good guess. Just remember there is no manufacturer's suggested list price on a coin as there are for toasters. All coin guides are just that. GUIDES. You could say this coin is worth a million or a dime. If you could sell it for a million, then that is what it is worth.
