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<p>[QUOTE="samjimmy, post: 159635, member: 3813"]Would that be the same <i>vast majority</i> that buys coins <i>sight unseen</i>?</p><p><br /></p><p>(see red above)</p><p><br /></p><p>So what's it worth? What is a PCGS graded 1908 No Motto Double Eagle worth? I'm wondering why the prices are so varied for this when it's apparently so simple (according to the above).</p><p><br /></p><p>I'll take a look a two places... Ebay and the PCGS guide (one would think this is the best place to look for what something is worth, since we are talking PCGS graded coins).</p><p><br /></p><p>PCGS site says it's worth: $1,000</p><p><font size="1"><i><a href="http://www.pcgs.com/prices/frame.chtml?type=date&filename=saint_gaudens_twenty" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/prices/frame.chtml?type=date&filename=saint_gaudens_twenty" rel="nofollow">1908 No Motto pricing source (4th one down)</a></i></font></p><p><br /></p><p>There are some Ebay dealers who apparently don't know what it's worth:</p><p><a href="http://cgi.ebay.com/1908-NO-Motto-MS-64-PCGS-20-SAINT_W0QQitemZ8437233754QQihZ021QQcategoryZ39472QQssPageNameZWD1VQQrdZ1QQcmdZViewItem" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/1908-NO-Motto-MS-64-PCGS-20-SAINT_W0QQitemZ8437233754QQihZ021QQcategoryZ39472QQssPageNameZWD1VQQrdZ1QQcmdZViewItem" rel="nofollow">One selling it for $1,168</a></p><p><a href="http://cgi.ebay.com/1908-NM-20-00-PCGS-MS64-GOLD-COIN_W0QQitemZ8368063645QQihZ021QQcategoryZ39472QQssPageNameZWD1VQQrdZ1QQcmdZViewItem" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/1908-NM-20-00-PCGS-MS64-GOLD-COIN_W0QQitemZ8368063645QQihZ021QQcategoryZ39472QQssPageNameZWD1VQQrdZ1QQcmdZViewItem" rel="nofollow">Another selling it for $1,296.75</a></p><p><br /></p><p>Then there are some buyers who apparently don't know what it's worth either:</p><p><a href="http://cgi.ebay.com/1908-20-ST-GAUDENS-MS64-PCGS-No-Motto_W0QQitemZ190030896407QQihZ009QQcategoryZ39472QQssPageNameZWDVWQQrdZ1QQcmdZViewItem" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/1908-20-ST-GAUDENS-MS64-PCGS-No-Motto_W0QQitemZ190030896407QQihZ009QQcategoryZ39472QQssPageNameZWDVWQQrdZ1QQcmdZViewItem" rel="nofollow">One who underpaid and bought it for $835</a></p><p><a href="http://cgi.ebay.com/1908-PCGS-MS-64-No-Motto-St-Gaudens_W0QQitemZ300033161757QQihZ020QQcategoryZ39472QQssPageNameZWDVWQQrdZ1QQcmdZViewItem" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/1908-PCGS-MS-64-No-Motto-St-Gaudens_W0QQitemZ300033161757QQihZ020QQcategoryZ39472QQssPageNameZWDVWQQrdZ1QQcmdZViewItem" rel="nofollow">Another who bought it for $775</a></p><p><a href="http://cgi.ebay.com/1908-ST-GAUDENS-PCGS-MS64-NO-MOTTO_W0QQitemZ300028635534QQihZ020QQcategoryZ39472QQssPageNameZWDVWQQrdZ1QQcmdZViewItem" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://cgi.ebay.com/1908-ST-GAUDENS-PCGS-MS64-NO-MOTTO_W0QQitemZ300028635534QQihZ020QQcategoryZ39472QQssPageNameZWDVWQQrdZ1QQcmdZViewItem" rel="nofollow">Another really underpaid, for $767</a></p><p><br /></p><p>So even though there is an established guide of worth, all three of these sold for $165-233 lower than they were worth (according to one guide). Where does the guide get their "worth" figures?</p><p><br /></p><p>According to: <a href="http://www.pcgs.com/faq.chtml#faqid86" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/faq.chtml#faqid86" rel="nofollow">http://www.pcgs.com/faq.chtml#faqid86</a></p><p><br /></p><p><b>Q: Can PCGS determine the value of my coins?</b></p><p><b>A: </b>As a third-party authentication and grading company, PCGS does not buy or sell coins and does not value or appraise items sent for authentication and grading. PCGS does offer the PCGS Price Guide, a compiled price list of the average dealer asking prices for all significant, properly graded US rare coins. If you are interested in buying, selling, or simply finding the specific value of your coins you may want to contact one or more PCGS Authorized Dealers.</p><p><br /></p><p>So it's merely <i>a compiled price list of the average dealer asking prices</i>... ASKING PRICES? So many people refer to it as the pricing guide when they talk pricing (not here, as we're all smarter than that, I don't think members here are stupid enough to pay the prices listed on the PCGS site). I could write a book just on the PCGS paragraph alone, but I won't. Moving on...</p><p><br /></p><p>So what does this have to do with slabbing cleaned coins? If there's no definitive guide or standard to grade coins in the first place, no definitive pricing structure for non-problem coins and the prices are all over the place, then what difference does it make it LABLE a problem coin as such (when the grading fee have been paid) so that it is CLEAR it is not worth as much. You could even discount it 20% (off of what is anyone's guess).</p><p><br /></p><p>Sorry I don't buy any of what you're saying, and I'm not sure <i>the vast majority</i> does either. But I haven't asked them and could not make such a statement. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="samjimmy, post: 159635, member: 3813"]Would that be the same [i]vast majority[/i] that buys coins [i]sight unseen[/i]? (see red above) So what's it worth? What is a PCGS graded 1908 No Motto Double Eagle worth? I'm wondering why the prices are so varied for this when it's apparently so simple (according to the above). I'll take a look a two places... Ebay and the PCGS guide (one would think this is the best place to look for what something is worth, since we are talking PCGS graded coins). PCGS site says it's worth: $1,000 [size="1"][i][url="http://www.pcgs.com/prices/frame.chtml?type=date&filename=saint_gaudens_twenty"]1908 No Motto pricing source (4th one down)[/url][/i][/size] There are some Ebay dealers who apparently don't know what it's worth: [url="http://cgi.ebay.com/1908-NO-Motto-MS-64-PCGS-20-SAINT_W0QQitemZ8437233754QQihZ021QQcategoryZ39472QQssPageNameZWD1VQQrdZ1QQcmdZViewItem"]One selling it for $1,168[/url] [url="http://cgi.ebay.com/1908-NM-20-00-PCGS-MS64-GOLD-COIN_W0QQitemZ8368063645QQihZ021QQcategoryZ39472QQssPageNameZWD1VQQrdZ1QQcmdZViewItem"]Another selling it for $1,296.75[/url] Then there are some buyers who apparently don't know what it's worth either: [url="http://cgi.ebay.com/1908-20-ST-GAUDENS-MS64-PCGS-No-Motto_W0QQitemZ190030896407QQihZ009QQcategoryZ39472QQssPageNameZWDVWQQrdZ1QQcmdZViewItem"]One who underpaid and bought it for $835[/url] [url="http://cgi.ebay.com/1908-PCGS-MS-64-No-Motto-St-Gaudens_W0QQitemZ300033161757QQihZ020QQcategoryZ39472QQssPageNameZWDVWQQrdZ1QQcmdZViewItem"]Another who bought it for $775[/url] [url="http://cgi.ebay.com/1908-ST-GAUDENS-PCGS-MS64-NO-MOTTO_W0QQitemZ300028635534QQihZ020QQcategoryZ39472QQssPageNameZWDVWQQrdZ1QQcmdZViewItem"]Another really underpaid, for $767[/url] So even though there is an established guide of worth, all three of these sold for $165-233 lower than they were worth (according to one guide). Where does the guide get their "worth" figures? According to: [url]http://www.pcgs.com/faq.chtml#faqid86[/url] [b]Q: Can PCGS determine the value of my coins? A: [/b]As a third-party authentication and grading company, PCGS does not buy or sell coins and does not value or appraise items sent for authentication and grading. PCGS does offer the PCGS Price Guide, a compiled price list of the average dealer asking prices for all significant, properly graded US rare coins. If you are interested in buying, selling, or simply finding the specific value of your coins you may want to contact one or more PCGS Authorized Dealers. So it's merely [i]a compiled price list of the average dealer asking prices[/i]... ASKING PRICES? So many people refer to it as the pricing guide when they talk pricing (not here, as we're all smarter than that, I don't think members here are stupid enough to pay the prices listed on the PCGS site). I could write a book just on the PCGS paragraph alone, but I won't. Moving on... So what does this have to do with slabbing cleaned coins? If there's no definitive guide or standard to grade coins in the first place, no definitive pricing structure for non-problem coins and the prices are all over the place, then what difference does it make it LABLE a problem coin as such (when the grading fee have been paid) so that it is CLEAR it is not worth as much. You could even discount it 20% (off of what is anyone's guess). Sorry I don't buy any of what you're saying, and I'm not sure [i]the vast majority[/i] does either. But I haven't asked them and could not make such a statement. ;)[/QUOTE]
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