PCGS prices ridiculous..

I know that PCGS lists prices that are waaay too high in their guide, but this is beyond ridiculous. Look at the values of a Memorial Lincoln set in MS-60(yes, just the memorial). I am guessing this is just a grandiose error on their site...but weird.
http://www.pcgs.com/prices/CompleteSetDetail.aspx?cmp=50&cat=45&pref=MS&sfx=

they say a 1963-d in MS-60 is $700! huh?? I've got about 5 of those. Should I send them in??

 

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if things go as planned by this time next year they will be considered bargain

 

Your misunderstanding the reasoning behind the PCGS high prices. If you have a coin that is listed there as worth $5 you would probably never send it in for grading and slabbing. HOWEVER, if they have that coin listed as $20 you may consider having it slabbed. And if that coin, by them, is listed as $50, for sure you might have them slab and grade it.
So if anyone sees their prices and sends the coins in to them for thier grading and slabbing, guess what? They make money, right?

 

But that's false advertising, isn't it? And lying?

Phoenix

 

believe it or not those prices are actual coins have sold at thoe prices its not a made up number

 

Man that has to be a misprint i can not see how an 1963d cent in ms60 going for seven hundred smackers .something is wrong there. I have 39 rolls of these in Ms 65 Just kidding.

Jazzcoins joe

 

not sure how you got that link, but when I go in through this link, they look more reasonable. Looks like the link you have shifted them over about 4 columns. I had to check it out because I do have some BU rolls of those dates and thought I just won the lottery


http://www.pcgs.com/prices/PriceGuideDetail.aspx?c=45&title=Lincoln+Cent

 

I just went to the site and now the 1963d in Ms66 is going for seven hundred smackers ,that is weird because yesterday they were listed for Seven hundred smackers in Ms 60:vanish:. Go figure that one out.

Jazzcoins Joe :whistle::whistle::whistle::whistle:

 

All advertising is false and lying. If the intent was to tell the truth, it wouldn't require advertising.

 

now now dont be dissing a whole field

 

OHHH. Harsh wording there. Many advertising organizations wouldn't like that. They would prefer you say things like not completely accurate and/or overly stated to stress a point. Or: It is our policy to emphasis that our products may or may not excell in the exact detailed possible variations from those described by our advertisements so that deveranciations may result.

 

That's a wonderful paragraph the way you worded that, it couldn't have been said better.
Jazzcoins Joe:whistle::whistle::whistle::whistle: the music man

 

they start with truth... then exaggerate it.

 

PCGS seem to have 2 sets of prices, one set is reasonable:http://www.pcgs.com/prices/PriceGuideDetail.aspx?c=45&title=Lincoln+Cent

one set is ridiculous: http://www.pcgs.com/prices/CompleteSetDetail.aspx?cmp=50&cat=45&pref=MS&sfx

 

Ask PCGS for the prices listed in the price guide when you return a coin under their guarantee. Their answer speaks volumes to me.

That said, PCGS would argue that the price guide is for PCGS slabbed coins at retail levels (i.e. how much you could go up to a retail seller of the coin and buy it for).

Personally, I find their modern prices borderline absurd and their classsic prices much closer to reality -- but like all price guides it is imperfect and only one of a number of sources I consider when valuing a coin....Mike